Saatvik Green Energy IPO is a combination of fresh issuance equity shares worth Rs 850 crore, and an offer-for-sale of Rs 300 crore worth shares by the existing shareholders.

Saatvik Green Energy, an Indian solar panel manufacturer, is gearing up for an initial public offering (IPO) to raise Rs 1,150 crore. The company plan

Proceeds from the fresh issue will be be used to pay debt, investment in its subsidiary Saatvik Solar Industries, in the form of debt or equity for payment of borrowings, for setting up of a 4 GW solar PV module manufacturing facility in Odisha,