IPO Details
Bidding Dates
26 Aug '25 - 29 Aug '25
Minimum Investment
₹2,40,000/ 2 Lots (3,200 Shares)
Price Range
₹70 – ₹75
Maximum Investment
₹2,40,000/ 2 Lots (3,200 Shares)
Retail Discount
To be announced
Issue Size
₹35.38 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |Sattva Engineering Construction Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Aug 26, 25
IPO Closing Date
Aug 29, 25
Basis of Allotment
Sep 01, 25
Initiation of Refunds
Sep 02, 25
IPO Listing Date
Sep 03, 25
Sattva Engineering Construction IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
|
Day 1Aug 25, 2025 |
0.00 | 0.94 | 0.55 | 0.48 |
About Sattva Engineering Construction IPO
Sattva Engineering Construction IPO is a book-built issue worth ₹35.38 crores. The entire issue is a fresh issue of 0.47 crore shares.
The IPO will open on August 26, 2025, and close on August 29, 2025. The basis of allotment is expected to be finalised on September 1, 2025, and the company’s shares are likely to be listed on the NSE SME on September 3, 2025.
The price band is fixed at ₹70 to ₹75 per share, with a lot size of 1,600 shares. For retail investors, the minimum investment required is ₹2,24,000 (3,200 shares). For HNIs, the minimum investment is 3 lots (4,800 shares), amounting to ₹3,60,000.
Vivro Financial Services Pvt. Ltd. is the lead manager of the IPO, MUFG Intime India Pvt. Ltd. is the registrar, and Rikhav Securities Ltd. is acting as the market maker.
Industry Outlook
- India’s population is expected to exceed 1.5 billion by 2030, leading to higher demand for potable water. Rapid urbanisation is increasing wastewater generation and stressing existing infrastructure.
- Industries such as textiles, pharmaceuticals, chemicals, and food & beverages account for 40–45% of total water use. Example: The textile sector alone consumes ~93 billion litres annually.
- Strong regulatory push under the National Water Policy, Swachh Bharat Mission, and Smart Cities Mission.
Sattva Engineering Construction IPO Objectives
- SECL requires additional funds to support its growing operations, higher-value projects, and expansion into new geographies. The company’s working capital needs have steadily increased due to more orders, larger contracts, and higher execution volumes.
- A part of the proceeds will be used for general business needs, future growth opportunities, and overall corporate development. This amount will be capped at 15% of the gross proceeds or ₹1,000 lakhs, whichever is lower.
- Listing on the stock exchange will improve SECL’s brand visibility, enhance its corporate image, and create a public market for its shares in India.
- In Water & Wastewater Projects, it undertakes the development of water distribution networks, pumping stations, pipelines, overhead and underground tanks, along with designing and setting up water and sewage treatment plants.
About Sattva Engineering Construction Limited
Founded in December 2005 and based in Chennai, Sattva Engineering Construction Ltd. (SECL) is an Engineering, Procurement, and Construction (EPC) company that works mainly in water infrastructure, wastewater management, and industrial construction projects.
Although the company itself is two decades old, it carries forward over 40 years of industry experience. SECL is a Class I contractor and works closely with government agencies like the Tamil Nadu Public Works Department (PWD) and the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB).
SECL offers end-to-end EPC services across three key areas. In the Water & Wastewater Projects segment, it builds water distribution systems, pumping stations, pipelines, and both overhead and underground tanks, along with designing and setting up water and sewage treatment plants.
In Industrial & Civil Infrastructure, the company undertakes the construction of factories, warehouses, freight stations, and commercial buildings. Additionally, through its Residential Projects, SECL develops multi-storey apartments, luxury flats, and independent bungalows, contributing to improved urban housing solutions.
How To Check the Allotment Status of Sattva Engineering Construction IPO?
- Log in to Angel One: Access the Angel One app or website and sign in using your account details.
- Go to the IPO Section: Head to the 'IPO' option available on the platform.
- Choose IPO: Select Sattva Engineering ConstructionIPO from the list of currently available IPOs.
- Enter Lot Quantity: Mention the number of lots you wish to apply for.
- Provide UPI ID: Enter your UPI ID to connect your payment and submit the IPO application.
- Authorise Payment: Approve the mandate request received on your UPI app by entering your UPI PIN.
Contact Details of Sattva Engineering Construction IPO
Registered office: Greams Dugar, 4th Floor, North Wing, Old No. 149, New No. 64,
Greams Road, Thousand Lights, Chennai, Tamil Nadu – 600006
Phone: +91 8015556979
Email: investor.relation@sattvaengg.in
Sattva Engineering Construction IPO Reservation
|
Investor Category |
Shares Offered |
|
QIB Portion |
Up to 50% of the net issue is reserved for Qualified Institutional Buyers |
|
Retail Portion |
At least 35% of the net issue is reserved for Retail Individual Investors |
|
NII Portion |
At least 15% of the net issue is reserved for Non-Institutional Investors |
Sattva Engineering Construction IPO Lot Size Details
|
Application |
Lots |
Shares |
Amount |
|
Individual Investors (Retail) – Min |
2 |
3,200 |
₹2,40,000 |
|
Individual Investors (Retail) – Max |
2 |
3,200 |
₹2,40,000 |
|
S-HNI – Min |
3 |
4,800 |
₹3,60,000 |
|
S-HNI – Max |
8 |
12,800 |
₹9,60,000 |
|
B-HNI – Min |
9 |
14,400 |
₹10,80,000 |
Sattva Engineering Construction IPO Promoter Holding
The company’s promoters are Santhanam Seshadri, R. Sekar, and Jagachchandarr Sekar Uthra.
|
Particulars |
Percentage (%) |
|
Shareholding Pre-Issue |
86.18% |
|
Shareholding Post-Issue |
To be calculated |
Note: The post-issue shareholding will be worked out based on equity dilution, which is the reduction in stake calculated as the difference between pre-issue and post-issue shareholding.
Key Performance Indicators for Sattva Engineering Construction IPO
|
KPI |
Value |
|
Market Capitalisation (IPO) |
₹131.01 crore |
|
ROE |
27.10% |
|
ROCE |
28.58% |
|
Debt/Equity |
0.83 |
|
RoNW |
27.10% |
|
PAT Margin |
9.64% |
|
EBITDA Margin |
19.82% |
|
Price to Book Value |
2.20 |
Sattva Engineering Construction IPO Prospectus
Sattva Engineering Construction IPO Registrar and Lead Managers
The registrar for the Sattva Engineering Construction IPO is MUFG Intime India Pvt. Ltd.
- Phone:+91-22-4918 6270
- Email:smeipo@in.mpms.mufg.com
- Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Sattva Engineering Construction IPO Lead Manager(s)
The lead manager for this IPO is Vivro Financial Services Pvt. Ltd.
Financial Performance of Sattva Engineering Construction Limited
| Particulars | Year ending on March 31, 2025 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|---|
| Revenue from Operations (in ₹ lakh) | 9,365.04 | 7,693.07 | 8,363.89 |
| EBITDA (in ₹ lakh) | 1,856.26 | 1,172.15 | 727.69 |
| EBITDA Margin (%) | 19.82 | 15.24 | 8.70 |
| Profit After Tax (PAT) (in ₹ lakh) | 913.91 | 456.37 | 103.84 |
| PAT Margin (%) | 9.64 | 5.89 | 1.24 |
| Debt-Equity Ratio (times | 0.83 | 1.34 | 1.66 |
| Return on Equity (% | 27.10 | 20.98 | 5.48 |
| Return on Capital Employed (%) | 28.58 | 22.14 | 14.08 |
Know before investing
Strengths
5-
Completed 50+ projects since incorporation and currently managing 13 projects worth approx. ₹30,809.84 lakhs across 9 locations.
-
Employs modern systems like SCADA for real-time monitoring of water and sewage treatment projects.
-
Focused on adopting new technologies and innovative processes to stay competitive and meet diverse customer demands.
-
Several projects are funded under government schemes like AMRUT and Jal Jeevan Mission.
-
Strong client relationships, strategic vision, and active involvement in daily operations ensure efficiency and growth.
Risks
5-
Revenue mainly comes from WSS, UGSS, STP, and WTP projects funded by central/state government schemes (e.g., AMRUT, JJM, Har Ghar Jal).
-
Any reduction in budget allocation or shift in government priorities may reduce project opportunities.
-
Contracts are subject to delays due to lengthy approval processes, policy changes, political pressures, or funding constraints.
-
Large amounts of working capital are required upfront for mobilisation of materials, labor, and execution before client payments.
-
Future requirements may rise with larger or long-gestation projects, or where payment terms push receipts toward the project end.
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Sattva Engineering Construction Limited Peer Comparison
| Name of the Company | Closing Price on July 31, 2025 (₹) | EPS (Basic & Diluted) (₹) | P/E Ratio on Closing Price | RoNW (%) |
|---|---|---|---|---|
| Sattva Engineering & Construction Ltd. | N.A. | 4.15 | N.A. | 10.00 |
| EMS Limited | 602.40 | 33.05 | 18.23 | 20.66 |
| Enviro Infra Engineers Ltd. | 252.89 | 11.76 | 21.50 | 27.58 |
| VA Tech Wabag Ltd. | 1,585.70 | 47.48 | 33.40 | 14.86 |
Sattva Engineering Construction IPO FAQs
Sattva Engineering Construction is a book-built issue IPO. It runs from August 26, 2025, to August 29, 2025.
The Basis of Allotment will happen on Monday, September 1, 2025.
The IPO subscription window will open on August 26, 2025.
The minimum lot size retail investors can subscribe to is 2 lots, and the lot size is 1,600 shares.
The listing date for Sattva Engineering Construction IPO is Wednesday, September 3, 2025.
The issue size of the Sattva Engineering Construction IPO is ₹35.38 crore.
The open and close dates for Sattva Engineering Construction IPO are from August 26, 2025, to August 29, 2025.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Sattva Engineering Construction Limited’s financial statements, download the IPO’s RHP document.
Pre-apply allows investors to apply for the Sattva Engineering Construction IPO two days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
MUFG Intime India Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.
The Sattva Engineering Construction IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).
