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 & Allotment
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.
- IPO Price Band
- ₹107.00 - ₹113.00
- Lot Size
- 1,200 Shares
- Bidding Closes
- 29 Sept 2026
- Listing Date
- 05 Oct 2026
Quick Answer & Highlights
Sai Urja Indo Ventures IPO GMP Today & Key Takeaways
Last updated: 05 Oct 2026
Sai Urja Indo Ventures IPO officially listed on 05 Oct 2026 at Rs 133.80, delivering a +18.41% listing gain compared to its issue price of Rs 24.95. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹20.8.
Sai Urja Indo Ventures IPO officially listed on 05 Oct 2026 at ₹133.80, delivering a +18.41% listing gain compared to its issue price of ₹24.95. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹20.8.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹20.8 | +18.41% vs upper band (05 Oct 2026) |
| Est. Listing Price | ₹133.80 | +18.41% Est. Listing Gain |
| Price Band | ₹107.00 - ₹113.00 | SME IPO |
| Retail Minimum Investment | ₹2,71,200 | 2 Lot (1,200 Shares) |
| Bidding Window | 25 Sept 2026 – 29 Sept 2026 | Listed |
| Allotment & Listing Dates | Allotment: 30 Sept 2026 | Listing: 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
| IPO Open Date | 25 Sept 2026 |
|---|---|
| IPO Close Date | 29 Sept 2026 |
| IPO Price Band | ₹107.00 - ₹113.00 |
| Lot Size | 1,200 Shares |
| Current GMP | ₹20.8 |
| Estimated Listing Gain | +18.41% |
| Issue Size | Approx ₹24.95 Cr |
| Fresh Issue | Approx ₹20.67 Cr |
| Issue Type | SME |
| IPO Listing | BSE SME |
| Retail Quota | TBA |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Overall Subscription | 4.43x |
| Minimum Investment | ₹2,71,200 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 3.92 | 10.99 | 2.80xx |
| NII | 5.18 | 32.11 | 6.19xx |
| Retail | 7.1 | 28.68 | 4.04xx |
| Overall Subscription | 16.21 | 71.78 | 4.43xx |
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.
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
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 25 Sept 2026 | Completed |
| Bidding Closes | 29 Sept 2026 | Completed |
| Allotment | 30 Sept 2026 | Completed |
| Listing | 05 Oct 2026 | Completed |
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 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.
Comparison
Compare Sai Urja Indo Ventures IPO with similar IPOs
FAQ
Sai Urja Indo Ventures IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 20.8 and an issue price of Rs 113, the estimated listing price for Sai Urja Indo Ventures IPO is Rs 133.80 (approx 18.41% listing gain). Actual listing price is determined by market demand on the listing day.
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.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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