Sai Urja Indo Ventures Limited
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Sai Urja Indo Ventures Limited's successfully completed its Initial Public Offering and commenced trading on Oct 05, 2026 at the BSE exchange. The company raised 22,08,000 Shares through this public offering, comprising 18,28,800 Shares in fresh capital and ₹4.28 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹107 to ₹113, with minimum application lots of 1200 shares. The offering attracted significant investor interest during its subscription period from Sep 25, 2026 to Sep 29, 2026.
Share allotment was finalized on Sep 30, 2026, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
AI Urja Indo Ventures Limited provides Operation and Maintenance (O&M) and other support services for industrial plants, primarily in the power generation sector, along with industries such as iron and steel and agrochemicals. The Company provides control and instrumentation services for large power plants, including a 4,760 MW thermal power plant in Central India and a 3,000 MW plant in Northern India. Its services include maintenance of electrical systems, Control & Instrumentation (C&I) and mechanical systems, as well as operation services for Coal Handling Plants (CHP), Merry-Go-Round (MGR) systems and Boiler-Turbine-Generator (BTG) facilities. It also provides industrial housekeeping, overhaul works, Annual Overhaul (AOH) and Capital Overhaul (COH) services. As of March 31, 2025, the Company had a workforce of 2,469 personnel, compared with 1,611 in 2024 and 1,326 in 2023.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Renewable Energy Focus: Sai Urja Indo Ventures Limited operates in the renewable energy sector, positioning the company to benefit from the increasing adoption of clean and sustainable energy solutions.
- Growing Market Opportunity: Rising demand for renewable power and investments in clean-energy infrastructure create opportunities for the company to expand its business.
- Industry Experience: The company’s experience in the energy sector supports its ability to execute projects and develop business relationships in a growing market.
- Project Execution Risks: Delays in project execution, construction, commissioning, or obtaining required approvals may affect revenue, costs, and profitability.
- Regulatory Dependence: Changes in government policies, renewable-energy regulations, tariffs, incentives, or environmental requirements could impact business operations.
- Competition and Cost Pressure: Competition from established renewable-energy companies and fluctuations in equipment, financing, and operating costs may put pressure on margins.
- Harsh Ajaykumar Mittal
- Santosh Ajay Kumar Mittal
Sai Urja Indo Ventures Limited
Maashitla Securities Private Limited