Sai Urja Indo Ventures IPO
Open nowSMEInfrastructure Developers & Operators
0.04×
Subscribed
Price band
₹107 – ₹113
Lot size
1,200
1 lot = ₹1,35,600
Issue size
₹24.95 Cr
Open – close
25 Sept 2026
to 29 Sept 2026
Listing
05 Oct 2026
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
We can't judge this issue yet. A verdict needs at least three independent dimensions — valuation, growth, profitability, balance sheet, issue structure, governance or demand — and this issue does not yet publish enough of them for a read that would mean anything. No offer document for this issue has been published yet. A confident score from two fields would be worse than this notice.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens25 Sept 2026
- Closes29 Sept 2026
- Allotment30 Sept 2026
- Listing05 Oct 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB0.00x
Non-institutionalNII / HNI0.04x
Retail individualRII0.05x
Chance of allotment
Retail0.05× subscribed
Full allotment
Minimum 2 lots · 2,400 shares · ₹2,71,200 blocked
The retail portion is under-subscribed at 0.05×, so every valid application should receive a full allotment.
HNI / NII0.04× subscribed
Full allotment
Minimum 1 lot · 1,200 shares · ₹1,35,600 blocked
The HNI portion is under-subscribed at 0.04×, so applications should be allotted in full.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹107 – ₹113
Face value₹10
Lot size1,200shares
Minimum application₹1,35,600at cut-off
Total issue size₹24.95 Cr
Listing atSME platform
Company & valuation
ISININE1LLG01019
RegistrarMaashitla Securities Pvt Ltd
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+11.5%
Listed up
6 of 8
Best
+90.0%
Millworks Technologies
Worst
-0.7%
Mopshop Distribution
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Dhanwel Hybrid Seedssame segment
1.6× sub+0.0%
Mopshop Distributionsame segment
1.6× sub-0.7%
Anawil Wire and Engineeringsame segment
149.1× sub+22.1%
Fusion Klassroom Edutechsame segment
1.5× sub+6.9%
Dhaval Packagingsame segment
50.0× sub+13.4%
Sotefin Bharatsame segment
4.0× sub+9.6%
Millworks Technologiessame segment
219.5× sub+90.0%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Sai Urja Indo Ventures
Sai Urja Indo Ventures is an operation and maintenance (O&M) services company for industrial plants, primarily in the power generation industry, as well as the iron and steel and agrochemical industries. Its services cover electrical, mechanical, and control and instrumentation maintenance, along with operations of boiler-turbine-generator units, coal handling plants, and merry-go-round systems in power plants. The company also provides industrial housekeeping, equipment overhauls, and skilled and unskilled manpower supply. Its services are provided through annual maintenance contracts, performance-based contracts, manpower supply contracts, and short-term bill of quantity contracts. Over the last three years, the company has served 21 locations across nine states and executed more than 45 projects as of June 15, 2026. It holds valid electrical licences in Maharashtra, Uttar Pradesh, Bihar, Jharkhand, and Madhya Pradesh. The company operates from its registered office in Chandrapur and corporate office in Nagpur.
Founded 2012MD Mr Harsh Ajaykumar MittalSector Infrastructure Developers & Operators
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Sai Urja Indo Ventures IPO subscribed?
Sai Urja Indo Ventures is subscribed 0.04× overall (QIB 0.00×, NII 0.04×, retail 0.05×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, Maashitla Securities Pvt Ltd.
What is the minimum investment in the Sai Urja Indo Ventures IPO?
One lot is 1,200 shares, so a retail application at the ₹113 cut-off price blocks ₹1,35,600. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
When is the Sai Urja Indo Ventures IPO allotment date?
Allotment is scheduled for 2026-09-30, with listing on 2026-10-05. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, Maashitla Securities Pvt Ltd.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.