Sai Urja Indo Ventures IPO Details
RegistrarMaashitla Securities Private Limited
Lead managersShannon Advisors Private Limited
Fresh issue₹20.67 Cr
Offer for sale₹4.28 Cr
Sai Urja Indo Ventures Financials ₹ in crore
Detailed financials for this issue aren’t available yet.
| Application | Shares | Amount at ₹113 |
|---|
| Individual investor (min)minimum application | 2,400 | ₹2,71,200 |
The minimum application is 2,400 shares, ₹2,71,200 at the ₹113 cut-off. Since 1 July 2025 SME issues take a minimum application of ₹2,00,000 or more from individual investors; the HNI minimum is set in the RHP. Amounts are shown at the upper band because applications are made at the cut-off price.
Sai Urja Indo Ventures DRHP & RHP offer documents
The draft red herring prospectus is filed with SEBI before the issue; the red herring prospectus adds the price band and dates just before bidding opens. Both describe the business, the restated financials, the risk factors and how the proceeds will be used.
Lead managersShannon Advisors Private Limited
RegistrarMaashitla Securities Private Limited
Issue structure₹20.67 Cr fresh · ₹4.28 Cr OFS
Sai Urja Indo Ventures IPO Strengths & Risks as disclosed in the DRHP
▲ Strengths (6)
The company offers diversified operation and maintenance services across electrical, mechanical, control & instrumentation, and other areas, including coal handling plants and transmission lines.
The company possesses technical capabilities that enable participation in tenders for services in other process industries like steel, fertilizer, oil and gas, and cement.
The company has a pan-India presence.
The company benefits from experienced management.
The company has a track record of building long-term relationships with key clients, leading to repeat business and larger project values.
The company's revenue has shown a significant upward trend over the past three financial years, reflecting effective operational strategies and improved market positioning.
▼ Risk factors (7)
The company derived a substantial portion of its revenue from a few key clients, and the loss of any of these major customers could adversely affect its business, financial condition, cash flows, and results of operations.
The company depends on contracts entered into with Public Sector Undertakings (PSU), and failure to be awarded such contracts in the future may adversely affect its business, results of operations, cash flows, and financial condition.
The company may face legal proceedings involving its Company, Promoters, Directors and KMP which may adversely affect its business, financial condition and results of operations.
The company has experienced significant working capital requirements in the past and may continue to experience in future also. If it experiences insufficient cash flows from its operations or is unable to borrow to meet its working capital requirements, it may materially and adversely affect its business, cash flows and results of operations.
The company may not be able to qualify for, compete and win projects, which could adversely affect its business and results of operations.
The company's registered office and corporate office are located on leased premises, and there is no assurance that the leave and license agreement will be renewed upon termination or that it will be able to obtain other premises on same or similar commercial terms.
The company faces competition from both organized and unorganized domestic players, which could negatively impact its business operations and financial condition.
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Sai Urja Indo Ventures, the registrar is Maashitla Securities Private Limited — allotment is finalised in the days between the issue closing on 29 Sept 2026 and listing on 30 Sept 2026.
RegistrarMaashitla Securities Private Limited
You will needPAN, application number or demat ID
Issue closes29 Sept 2026
Issue opens
Fri, 25 Sept, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Tue, 29 Sept, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Wed, 30 Sept, 2026
By Maashitla Securities; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Thu, 01 Oct, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Wed, 30 Sept, 2026
NSE SME · trading from 10:00 am IST
Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.
The registrar publishes allotment on its own portal: Maashitla. Your bank will also show the blocked amount released if shares were not allotted.
Sai Urja Indo Ventures DRHP & RHP FAQs
Where can I read the Sai Urja Indo Ventures DRHP or RHP?
The offer document for the Sai Urja Indo Ventures IPO is linked on this page as filed with the exchange; SEBI and the lead managers also host it.
What is a DRHP?
The Draft Red Herring Prospectus is the document a company files with SEBI before an IPO. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the version filed just before the issue opens, with the price band and dates added.
What are the strengths disclosed in the Sai Urja Indo Ventures DRHP?
The company offers diversified operation and maintenance services across electrical, mechanical, control & instrumentation, and other areas, including coal handling plants and transmission lines. The company possesses technical capabilities that enable participation in tenders for services in other process industries like steel, fertilizer, oil and gas, and cement. The company has a pan-India presence. The page lists all 6 as disclosed.
What are the key risks disclosed in the Sai Urja Indo Ventures DRHP?
The company derived a substantial portion of its revenue from a few key clients, and the loss of any of these major customers could adversely affect its business, financial condition, cash flows, and results of operations. The company depends on contracts entered into with Public Sector Undertakings (PSU), and failure to be awarded such contracts in the future may adversely affect its business, results of operations, cash flows, and financial condition. The company may face legal proceedings involving its Company, Promoters, Directors and KMP which may adversely affect its business, financial condition and results of operations. The page lists all 7 disclosed risk factors.
Sai Urja Indo Ventures IPO Registrar where allotment and refund queries go
RegistrarMaashitla Securities Private Limited
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
How to Apply for the Sai Urja Indo Ventures IPO ASBA and UPI, as SEBI sets them
- Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
- Choose the number of lots and bid at the cut-off price. SME issues take a minimum application of two lots, so the smallest valid bid is the amount shown in the lot table above.
- If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (29 Sept 2026).
- One application per PAN. A second application under the same PAN is rejected, and both may be.
- After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, Maashitla Securities Private Limited, not to the exchange or the broker.
What is GMP in an IPO?
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹0 on a ₹113 upper band means the grey market is dealing at ₹113.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.