Sattva Engineering Construction Limited (SECL) has launched its Initial Public Offering (IPO) on August 26, 2025, with a fresh issue of 47.16 lakh shares, aggregating to ₹35.38 crore. The IPO will remain open for subscription until August 29, 2025. The shares will be listed on the NSE SME platform, with a tentative listing date scheduled for September 3, 2025.

Company Overview

Sattva Engineering Construction (SECL) is a well-established EPC contracting company with a strong presence in the water, wastewater, and industrial building sectors. The company has executed diverse projects including distribution networks, pumping mains, overhead and underground tanks, treatment plants, and pumping stations. With decades of experience and a professional civil engineering team, SECL has earned credibility in executing large-scale infrastructure projects.

IPO Details

The Sattva Engineering Construction IPO is entirely a fresh issue, meaning all funds raised will go directly to the company without any offer-for-sale by promoters.

• IPO Size: ₹35.38 crore

• Fresh Issue: 47.16 lakh shares

• Price Band: ₹70 – ₹75 per share

• Lot Size: 1,600 shares

• Minimum Investment: 2 lots (3,200 shares) = ₹2,40,000

• Market Capitalisation at upper band: ₹131.01 crore

The IPO is managed by Vivro Financial Services Pvt. Ltd. as the Book Running Lead Manager, with MUFG Intime India Pvt. Ltd. serving as the registrar. Rikhav Securities Ltd. is acting as the Market Maker.

Grey Market Premium (GMP)

As of August 23, 2025, the Grey Market Premium (GMP) for the IPO stands at ₹13 per share, implying an expected listing price of ₹88 per share against the issue price of ₹75. While GMP gives a general idea of market sentiment, it is unofficial and should not be the sole basis for investment.

Subscription Status

On the first day of bidding (August 26, 2025, 12:30 PM), the IPO has been subscribed 0.56 times. Subscription figures are expected to rise as institutional and retail participation increases in the following days. Investors can check the live subscription status on the NSE portal.

Anchor Investors

SECL raised ₹9.99 crore from Anchor Investors by allocating 13.29 lakh shares at ₹75 per share ahead of the IPO opening. This pre-IPO placement indicates investor confidence and adds stability to the offering.

Allotment and Listing Dates

• Allotment Finalisation Date: September 1, 2025

• Refund Initiation: September 2, 2025

• Demat Transfer of Shares: September 2, 2025

• Listing Date: September 3, 2025 (on NSE SME)

Investors can check their IPO allotment status on the registrar’s website by entering their application number, PAN, or DP ID.

Objectives of the IPO

The net proceeds from the IPO will be utilised for:

1. ₹27.5 crore towards long-term working capital requirements.

2. General corporate purposes to strengthen the company’s overall financial position and support business expansion.

Conclusion

The Sattva Engineering Construction IPO offers investors a chance to participate in a company with a strong track record in the water infrastructure and industrial construction sector. With a reasonable valuation, strong anchor investor backing, and a steady demand reflected in GMP trends, the IPO is attracting significant attention. However, investors should assess their risk appetite and investment horizon before subscribing, especially considering the IPO is being listed on the NSE SME platform, which usually carries higher volatility compared to mainboard IPOs.

The Upcoming IPOs in this week and coming weeks are Amanta Healthcare, Rachit Paints, Abril Paper Tech, Sneha Organics, Sugs Lloyd, .

The Current active IPO are Anlon Healthcare, NIS Management, Sattva Engineering Construction, Globtier Infotech, Current Infraprojects, Vikran Engineering, Shivashrit Foods, Anondita Medicare, Classic Electrodes (India).

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