Indogulf Cropsciences IPO vs Saatvik Green Energy IPO

Comparison between Indogulf Cropsciences IPO and Saatvik Green Energy IPO.

IPO Details

Indogulf Cropsciences 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 Indogulf Cropsciences IPO is up to ₹200.00 Cr whereas the issue size of the Saatvik Green Energy IPO is up to ₹900.20 Cr. The final issue price of Indogulf Cropsciences IPO is ₹111.00 per share and of Saatvik Green Energy IPO is ₹465.00 per share.

 Indogulf Cropsciences IPOSaatvik Green Energy IPO
Face Value₹10 per share₹2 per share
Issue Price (Lower)₹105.00 per share₹442.00 per share
Issue Price (Upper)₹111.00 per share₹465.00 per share
Issue Price (Final)₹111.00 per share₹465.00 per share
Discount (Retail)
Discount (Employee)₹11.00 per share₹44.00 per share
Market Lot Size135 shares32 shares
Fresh Issue Size1,44,36,541 shares1,50,58,004 shares
Fresh Issue Size (Amount)up to ₹160.05 Crup to ₹700.20 Cr
OFS Issue Size36,03,603 shares43,01,075 shares
OFS Issue Size (Amount)up to ₹39.95 Crup to ₹200.00 Cr
Issue Size Total1,80,40,144 shares1,93,59,079 shares
Issue Size Total (Amount)up to ₹200.00 Crup to ₹900.20 Cr

IPO Timetable

Indogulf Cropsciences IPO opens on Jun 26, 2025, while Saatvik Green Energy IPO opens on Sep 19, 2025. The closing date of Indogulf Cropsciences IPO and Saatvik Green Energy IPO is Jun 30, 2025, and Sep 23, 2025, respectively.

 Indogulf Cropsciences IPOSaatvik Green Energy IPO
Anchor Bid DateJun 25, 2025Sep 18, 2025
Issue OpenJun 26, 2025Sep 19, 2025
Issue CloseJun 30, 2025Sep 23, 2025
Basis Of Allotment (Tentative)Jul 01, 2025Sep 24, 2025
Initiation of Refunds (Tentative)Jul 02, 2025Sep 25, 2025
Credit of Share (Tentative)Jul 02, 2025Sep 25, 2025
Listing date (Tentative)Jul 03, 2025Sep 26, 2025
Anchor Lockin End date 1Jul 31, 2025Oct 23, 2025
Anchor Lockin End date 2Sep 29, 2025Dec 22, 2025

Financials & KPIs

Indogulf Cropsciences IPO P/E ratio is 19.18, as compared to Saatvik Green Energy IPO P/E ratio of 24.35.

 Indogulf Cropsciences IPOSaatvik Green Energy IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets597.81542.25517.51413.59
Total Income466.31555.79552.19490.23
Profit After Tax21.6828.2322.4226.36
EBITDA44.7855.7449.0447.24
NET Worth265.43231.65203.25180.51
Reserves and Surplus216.64208.01179.60156.87
Total Borrowing206.30154.56189.22101.38
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)96.8690.05
Promoter Shareholding (Post-Issue)6875.99
P/E Ratio19.1824.35
Market Cap₹701.54 Cr.₹5910.19 Cr.
ROE12.2%63.41%
ROCE11.93%60.45%
Debt/Equity0.671.36
EPS₹5.79₹19.09
RoNW12.19%63.41%

Shares Offered

In the Indogulf Cropsciences IPO Retail Individual Investors (RII) are offered 61,17,117 shares while in Saatvik Green Energy IPO retail investors are offered 61,17,117 shares. Qualified Institutional Buyers (QIB) are offered 34,95,495 shares in Indogulf Cropsciences IPO and 38,62,365 shares in Saatvik Green Energy IPO.

 Indogulf Cropsciences IPOSaatvik Green Energy IPO
Anchor Investor Reservation52,43,242 shares57,93,547 shares
Market Maker Reservation0 shares0 shares
QIB34,95,495 shares38,62,365 shares
NII26,21,622 shares28,96,775 shares
RII61,17,117 shares67,59,140 shares
Employee6,00,000 shares47,505 shares
Others
Total1,80,77,476 shares1,93,59,332 shares

Bids Received (Subscription)

Indogulf Cropsciences IPO subscribed 27.17x in total, whereas Saatvik Green Energy IPO subscribed 6.93x.

 Indogulf Cropsciences IPOSaatvik Green Energy IPO
QIB (times)31.73x11.41x
NII (times)49.06x10.57x
Big NII (times)52.13x11.28x
Small NII (times)42.91x9.13x
RII (times)14.97x2.81x
Employee (times)5.59x
Other (times)
Total (times)27.17x6.93x

Compare with others

Compare:

Indogulf Cropsciences IPO Vs Saatvik Green Energy IPO