Crizac IPO vs Saatvik Green Energy IPO

Comparison between Crizac IPO and Saatvik Green Energy IPO.

IPO Details

Crizac IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Saatvik Green Energy IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Crizac IPO is up to ₹860.00 Cr whereas the issue size of the Saatvik Green Energy IPO is up to ₹900.20 Cr. The final issue price of Crizac IPO is ₹245.00 per share and of Saatvik Green Energy IPO is ₹465.00 per share.

 Crizac IPOSaatvik Green Energy IPO
Face Value₹2 per share₹2 per share
Issue Price (Lower)₹233.00 per share₹442.00 per share
Issue Price (Upper)₹245.00 per share₹465.00 per share
Issue Price (Final)₹245.00 per share₹465.00 per share
Discount (Retail)
Discount (Employee)₹44.00 per share
Market Lot Size61 shares32 shares
Fresh Issue Size0 shares1,50,58,004 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹700.20 Cr
OFS Issue Size3,51,02,040 shares43,01,075 shares
OFS Issue Size (Amount)up to ₹860.00 Crup to ₹200.00 Cr
Issue Size Total3,51,02,040 shares1,93,59,079 shares
Issue Size Total (Amount)up to ₹860.00 Crup to ₹900.20 Cr

IPO Timetable

Crizac IPO opens on Jul 02, 2025, while Saatvik Green Energy IPO opens on Sep 19, 2025. The closing date of Crizac IPO and Saatvik Green Energy IPO is Jul 04, 2025, and Sep 23, 2025, respectively.

 Crizac IPOSaatvik Green Energy IPO
Anchor Bid DateJul 01, 2025Sep 18, 2025
Issue OpenJul 02, 2025Sep 19, 2025
Issue CloseJul 04, 2025Sep 23, 2025
Basis Of Allotment (Tentative)Jul 07, 2025Sep 24, 2025
Initiation of Refunds (Tentative)Jul 08, 2025Sep 25, 2025
Credit of Share (Tentative)Jul 08, 2025Sep 25, 2025
Listing date (Tentative)Jul 09, 2025Sep 26, 2025
Anchor Lockin End date 1Aug 05, 2025Oct 23, 2025
Anchor Lockin End date 2Oct 04, 2025Dec 22, 2025

Financials & KPIs

Crizac IPO P/E ratio is 28.03, as compared to Saatvik Green Energy IPO P/E ratio of 24.35.

 Crizac IPOSaatvik Green Energy IPO
Financials

Company Financials (Proforma Consolidated)

Crizac Ltd.'s revenue increased by 16% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets879.62592.91304.99
Total Income884.78763.44517.85
Profit After Tax152.93118.90112.14
EBITDA212.8272.64107.29
NET Worth505.71341.81221.37
Total Borrowing0.080.080.08
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Saatvik Green Energy Ltd.'s revenue increased by 100% and profit after tax (PAT) rose by 113% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets1,635.74688.04263.00
Total Income2,192.471,097.18617.63
Profit After Tax213.93100.474.75
EBITDA353.93156.8423.87
NET Worth337.66120.6720.27
Reserves and Surplus315.25117.3616.89
Total Borrowing458.10263.42144.49
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10090.05
Promoter Shareholding (Post-Issue)79.9475.99
P/E Ratio28.0324.35
Market Cap₹4287.07 Cr.₹5910.19 Cr.
ROE30.24%63.41%
ROCE40.03%60.45%
Debt/Equity1.36
EPS₹8.74₹19.09
RoNW30.24%63.41%

Shares Offered

In the Crizac IPO Retail Individual Investors (RII) are offered 1,22,85,714 shares while in Saatvik Green Energy IPO retail investors are offered 1,22,85,714 shares. Qualified Institutional Buyers (QIB) are offered 70,20,407 shares in Crizac IPO and 38,62,365 shares in Saatvik Green Energy IPO.

 Crizac IPOSaatvik Green Energy IPO
Anchor Investor Reservation1,05,30,612 shares57,93,547 shares
Market Maker Reservation0 shares0 shares
QIB70,20,407 shares38,62,365 shares
NII52,65,306 shares28,96,775 shares
RII1,22,85,714 shares67,59,140 shares
Employee47,505 shares
Others
Total3,51,02,040 shares1,93,59,332 shares

Bids Received (Subscription)

Crizac IPO subscribed 62.89x in total, whereas Saatvik Green Energy IPO subscribed 6.93x.

 Crizac IPOSaatvik Green Energy IPO
QIB (times)141.27x11.41x
NII (times)80.07x10.57x
Big NII (times)92.95x11.28x
Small NII (times)54.32x9.13x
RII (times)10.74x2.81x
Employee (times)5.59x
Other (times)
Total (times)62.89x6.93x

Compare with others

Compare: