Saatvik Green Energy Limited - IPO

Incorporated in 2015, Saatvik Green Energy Limited is the manufacturer of modules and offers engineering, procurement and construction (“EPC”). The company also provide operations and maintenance (“O&M”) services to customers primarily in relation to EPC projects.

The company's solar energy products include: (i) monocrystalline passive emitter and rear cell (“Mono PERC”) modules; and (ii) N-TopCon solar modules, both types are offered in mono-facial and bifacial options, suitable for various applications, including residential, commercial and utility-scale solar projects.

The company manufacture the products through the use of M10 technology for our Mono PERC modules and M10, G12, M10R and G12R technologies for our N-TopCon modules.

The company has supplied solar modules for various solar installation projects, including floating solar PV modules such as a solar power project at Ramagundam, Telangana in Fiscal 2023 and solar modules for the Raghanseda Solar Park in Banaskantha district, Gujarat in Fiscal 2023.

The company operates two module manufacturing facilities in Ambala, Haryana (together, the “Ambala Facilities”) spread across a total land area of 724,225 square feet.

As of June 30, 2024, the company network comprises of 34 selling partners, which include 13 resellers, 16 distributors and five channel partners across various states in India.