Sai Urja Indo Ventures IPO GMP today is Rs 20.8. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
SAIURJA
Sai Urja Indo Ventures IPO GMP, Subscription & Allotment Status Today
Sai Urja Indo Ventures Limited provides operation and maintenance services primarily to power generation facilities, along with industrial units in the iron, steel, and agrochemical sectors. The company’s core operations involve managing plant routines, electrical systems, control and instrumentation maintenance, housekeeping, and specialized industrial support activities. Revenue is primarily generated through fixed-price biennial and triennial service contracts awarded through competitive bidding processes by public sector undertakings and private companies. Operating mainly out of Maharashtra, the business relies on an in-house engineering and technical workforce to execute projects across multiple Indian states. The company specializes in thermal power plant operations, maintaining equipment performance, and handling fuel logistics such as railway sidings and coal handling plants.
- Price Band
- ₹107.00 - ₹113.00
- Lot Size
- 1,200 Shares
- Bidding Closes
- 29 Sept 2026
- Listing Date
- 05 Oct 2026
Current GMP Status
₹20.8
+18.41% vs upper band
Est. Listing Gain
+18.41%
Last Trend
05 Oct 2026
Listing Price
₹133.80
Retail Entry
₹2,71,200
IPO Details
Complete IPO information
| Current GMP | ₹20.8 |
|---|---|
| Estimated Listing Gain | +18.41% |
| Price Band | ₹107.00 - ₹113.00 |
| Issue Price | Approx ₹24.95 Crores |
| Listing Price | ₹133.80 |
| Lot Size | 1,200 Shares |
| Issue Type | SME |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Exchange | BSE SME |
| Retail Quota | TBA |
| Overall Subscription | 4.43x |
| Listing Date | 05 Oct 2026 |
| Minimum Investment | ₹2,71,200 |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 3.92 | 10.99 | 2.80x |
| NII | 5.18 | 32.11 | 6.19x |
| Retail | 7.10 | 28.68 | 4.04x |
| Overall Subscription | 16.21 | 71.78 | 4.43x |
Day-wise demand
Sai Urja Indo Ventures IPO subscription status day-wise
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 2 (28 Sept) | 0x | 0.04x | 0.05x | 0.04x |
| Day 3 (29 Sept) | 0x | 0.05x | 0.43x | 0.2x |
Subscription in times (x) at the end of each bidding day. Today's row updates through the day.
Company data
{Sai Urja Indo Ventures}: financials, valuation & listing
Listing details
| Listing date | 05 Oct 2026 |
|---|---|
| BSE code | 544958 |
| ISIN | INE1LLG01019 |
| Offer price | ₹107 – ₹113 |
| Face value | ₹10 |
| Listing price | ₹133.80 |
Valuation
| Return on equity (ROE) | 42.44% |
|---|---|
| Return on capital employed (ROCE) | 50.66% |
| EBITDA margin | 7.65% |
| PAT margin | 4.98% |
| Debt to equity | 0.59 |
| EPS | 7.29 (Basic) |
| P/E ratio | N/A |
| Return on net worth | 42.44% |
| NAV per share | 20.99 |
Financial history
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 45.88 Cr. | 43.63 Cr. | 1.39 Cr. | 13.95 Cr. |
| 2025 | 65.82 Cr. | 61.54 Cr. | 3.13 Cr. | 21.11 Cr. |
| 2026 | 85.64 Cr. | 80.08 Cr. | 4.19 Cr. | 24.25 Cr. |
Peer comparison
| Company | Income | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|---|
| Lakshya Powertech Limited | 179.93 Cr. | 9.94 | 11.27 | 9.82% | 101.17 |
Use of proceeds
| Purpose | Amount (₹ crore) |
|---|---|
| Funding the working capital requirements of the Company | 8 (38.70%) |
| Repayment / Prepayment of Borrowings | 6.6 (31.93%) |
| General Corporate Purposes | 6.07 (29.37%) |
Key dates
| UPI mandate deadline | 29 Sept 2026 |
|---|---|
| Allotment finalised | 30 Sept 2026 |
| Refund initiation | 01 Oct 2026 |
| Shares credited | 01 Oct 2026 |
| Mandate end date | 14 Oct 2026 |
| Anchor lock-in ends (50%) | 29 Oct 2026 |
| Anchor lock-in ends (remaining) | 28 Dec 2026 |
Grey Market Premium (GMP) data is entirely unofficial and speculative, and is influenced by market sentiment, demand and supply for IPO shares, and market rumors. While GMP can provide an indication of the expected IPO listing price, it may not always be accurate and does not guarantee the actual listing price.
Head-to-head
Compare Sai Urja Indo Ventures IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Sai Urja Indo Ventures is priced at ₹113 per share. With a minimum lot size of 1,200 shares, a retail investor applying for one lot would need approximately ₹2,71,200 to participate in this SME issue.
The latest recorded Grey Market Premium for Sai Urja Indo Ventures stands at ₹20.8, implying an estimated listing gain of around 18.41% over the issue price if it holds until listing. This is up ₹22 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Sai Urja Indo Ventures's IPO was subscribed 4.43x overall, with a category-wise breakdown of Retail 4.04x, QIB 2.8x, NII 6.19x.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
25 Sept 2026
✓
Bidding Closes
29 Sept 2026
✓
Allotment
30 Sept 2026
✓
Listing
05 Oct 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 05 Oct 2026 | ₹32.00 | +₹22.00 | 28.32% |
| 03 Oct 2026 | ₹10.00 | +₹2.00 | 8.85% |
| 02 Oct 2026 | ₹8.00 | - | 7.08% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,400 | ₹2,71,200 |
| Retail Maximum | 2 Lot | 2,400 | ₹2,71,200 |
| S-HNI Minimum | 3 Lot | 3,600 | ₹4,06,800 |
| S-HNI Maximum | 7 Lot | 8,400 | ₹9,49,200 |
| B-HNI Minimum | 8 Lot | 9,600 | ₹10,84,800 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Sai Urja Indo Ventures IPO Details
Sai Urja Indo Ventures IPO is a book building issue with an issue size of Approx ₹24.95 Crores. The IPO comprises a fresh issue of Approx ₹20.67 Crores and is proposed to be listed on the BSE SME. The IPO price band is set at ₹107 – ₹113 per equity share.
| Particular | Details |
|---|---|
| IPO Open Date | 25 Sept 2026 |
| IPO Close Date | 29 Sept 2026 |
| IPO Price Band | ₹107 – ₹113 |
| Issue Size | Approx ₹24.95 Crores |
| Fresh Issue | Approx ₹20.67 Crores |
| Issue Type | SME |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Note: The above Sai Urja Indo Ventures IPO details are based on the information provided for the issue.
Analysis
Sai Urja Indo Ventures IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 25 Sept 2026 |
| IPO Close Date | 29 Sept 2026 |
| Basis of Allotment | 30 Sept 2026 |
| Refunds | 01 Oct 2026 |
| Credit to Demat Account | 01 Oct 2026 |
| IPO Listing Date | 05 Oct 2026 |
Note: The timeline for Sai Urja Indo Ventures IPO is tentative and subject to change.
Analysis
Sai Urja Indo Ventures Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Funding the working capital requirements of the Company | 8 (38.70%) |
| Repayment / Prepayment of Borrowings | 6.6 (31.93%) |
| General Corporate Purposes | 6.07 (29.37%) |
Note: Objectives are as specified in the DRHP/RHP documents of Sai Urja Indo Ventures.
Analysis
Sai Urja Indo Ventures Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 45.88 Cr. | 43.63 Cr. | 1.39 Cr. | 13.95 Cr. |
| 2025 | 65.82 Cr. | 61.54 Cr. | 3.13 Cr. | 21.11 Cr. |
| 2026 | 85.64 Cr. | 80.08 Cr. | 4.19 Cr. | 24.25 Cr. |
Note: Financial numbers for Sai Urja Indo Ventures are in ₹ Crores unless stated otherwise.
Analysis
Sai Urja Indo Ventures Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 42.44% |
| ROCE | 50.66% |
| EBITDA Margin | 7.65% |
| PAT Margin | 4.98% |
| Debt to Equity Ratio | 0.59 |
| Earning Per Share (EPS) | 7.29 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 42.44% |
| Net Asset Value (NAV) | 20.99 |
Note: Valuation KPIs for Sai Urja Indo Ventures are computed for FY2026.
Analysis
Sai Urja Indo Ventures IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Lakshya Powertech Limited | 9.94 | 11.27 | 9.82% | 101.17 | 179.93 Cr. |
Note: Peer group comparisons for Sai Urja Indo Ventures are sourced from DRHP filings.
FAQ
Sai Urja Indo Ventures IPO FAQs
Sai Urja Indo Ventures IPO price band is Rs 107.00 to Rs 113.00. Check the latest issue price, lot size and GMP together before applying.
Sai Urja Indo Ventures IPO open date is 25 Sept 2026, close date is 29 Sept 2026, and listing date is 05 Oct 2026.
Sai Urja Indo Ventures IPO lot size is 1,200 shares. The minimum retail investment is Rs 2,71,200.
Sai Urja Indo Ventures is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Sai Urja Indo Ventures IPO subscription status currently shows Retail 4.04x, QIB 2.8x, NII 6.19x, Overall 4.43x.
Sai Urja Indo Ventures Limited provides operation and maintenance services primarily to power generation facilities, along with industrial units in the iron, steel, and agrochemical sectors. The company’s core operations involve managing plant routines, electrical systems, control and instrumentation maintenance, housekeeping, and specialized industrial support activities. Revenue is primarily generated through fixed-price biennial and triennial service contracts awarded through competitive bidding processes by public sector undertakings and private companies. Operating mainly out of Maharashtra, the business relies on an in-house engineering and technical workforce to execute projects across multiple Indian states. The company specializes in thermal power plant operations, maintaining equipment performance, and handling fuel logistics such as railway sidings and coal handling plants.
Sai Urja Indo Ventures IPO issue size is TBA and the expected allotment date is 30 Sept 2026.
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