Sai Urja Indo Ventures
Sai Urja Indo Ventures Limited offers Operation and Maintenance (O&M) and other support services in industrial plants, primarily focusing on the power generation industry as well as iron & steel and agrochemicals sectors.
Price Band
₹113
Lot Size
2,400 Shares
Issue Size
₹24.95 Cr
Fresh Issue
₹20.67 Cr
OFS
₹4.28 Cr
Registrar
AI Sentiment Score
Listing Price
₹133.80
vs Issue: ₹113 (+18.41%)
📅 IPO Timeline
✓
Open
Sep 25, 2026
✓
Close
Sep 29, 2026
✓
Allotment
Sep 30, 2026
✓
Refund
Oct 1, 2026
✓
Demat
Oct 1, 2026
✓
Listing
Oct 5, 2026
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
Sai Urja Indo Ventures Limited demonstrates robust return metrics (ROE 42.44%, ROCE 50.66%) and steady financial growth, backed by decent subscription numbers in its BSE SME IPO. While the issue size is small at ₹24.95 crores, the grey market premium combined with solid operational metrics points toward a moderate positive listing gain.
💪 Strengths
- High return on equity (42.44%) and ROCE (50.66%)
- Consistent revenue and profit growth over the past three fiscals
- Strong order book with active and upcoming industrial projects
⚠️ Weaknesses
- Small issue size and low absolute profit scale
- Moderate debt-to-equity ratio of 0.59
🚀 Opportunities
- Expansion of O&M services in power generation and heavy industries
- Growing industrialization driving demand for specialized plant maintenance
🛡️ Threats
- Concentration risk in industrial sectors
- Vulnerability to macroeconomic cycles impacting industrial capital expenditure
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Funding the working capital requirements of the Company | ₹8.00 |
| Repayment/prepayment, in full or part, of certain loans availed by the Company | ₹6.60 |
| General Corporate Purposes | ₹10.35 |
📊 Financial Overview & Growth Trajectory
Multi-year operational scale & net profitability trajectory
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 45.62 Cr | Rs 65.52 Cr | Rs 85.11 Cr |
| Net Profit / PAT (₹ Cr) | Rs 1.37 Cr | Rs 3.14 Cr | Rs 4.24 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 2.92 Cr | Rs 5.14 Cr | Rs 6.51 Cr |
| Borrowings (₹ Cr) | Rs 2.16 Cr | Rs 5.43 Cr | Rs 7.29 Cr |
| Total Assets (₹ Cr) | Rs 13.95 Cr | Rs 21.11 Cr | Rs 24.25 Cr |
| ROCE % | NA | 48.33% | 38.13% |
📋 Live Subscription Status
QIB
2.80x
NII
9.90x
Retail
4.04x
Total
4.95x
🎯 Retail Allotment Probability
24.8% Odds
1 in 4.0 chance (~24.8% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Oct 3, 2026 8:05 AM
💼 Issue Structure & Reservation Quota
Capital Structure
₹25.0 Cr
Issue Size
Fresh (82.8%)
OFS (17.2%)
Reservation Quota
100%
Allocation
QIB (50%)
NII (15%)
Retail (35%)
QIB
50.00%
Retail
35.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
The company provides comprehensive operation and maintenance services including breakdown, predictive and preventive maintenance, condition monitoring, and field instrument calibration for power plants and industrial sectors. As of mid-June 2026, it holds 17 active projects with ₹7,165.10 lakh in pending execution, and four upcoming projects valued at ₹2,536.74 lakh.
The ₹24.95 crore IPO comprises a fresh issue of ₹20.67 crores and an offer for sale of 3,79,200 equity shares. The price band is set at ₹107 to ₹113 per share. The issue saw decent subscription across categories, reflecting stable investor appetite for SME industrial service plays.