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Sai Urja Indo Ventures Limited

SMElistedBSE SME
25 Sep 2026 – 29 Sep 2026
LISTED
Offer Price
₹107–113
Bid lot
1200
Min Application
₹2,71,200
Issue Size
₹25 Cr

Key dates

Open date
25 Sep 2026
Done
Close date
29 Sep 2026
Done
Basis of allotment
30 Sep 2026
Done
Initiation of refunds
30 Sep 2026
Done
Credit to demat
30 Sep 2026
Done
Listing date
05 Oct 2026
Done

Issue reservation

₹25 Cr
QIB 44.35%9.13%Retail 32.17%9.78%
QIB
9.8 L sh · ₹11.09 Cr
44.35%
HNI (10L+)
2.0 L sh · ₹2.28 Cr
9.13%
HNI (2-10L)
1.0 L sh · ₹1.14 Cr
4.57%
Retail
7.1 L sh · ₹8.04 Cr
32.17%
Market maker
2.2 L sh · ₹2.44 Cr
9.78%
Applications required for 1× subscription
Retail (≤₹2L)
296 forms
S-HNI (₹2–10L)
28 forms
B-HNI (>₹10L)
21 forms
From this issue's reservation split and lot size — the minimum bid each category can place.
BRLM: Shannon Advisors Private Limited

Lot ladder — how much to bid

1 lot = 1200 shares
Individual · up to ₹2 L2+ lots
Min · 2 lots
2,400 sh · ₹2,71,200
Entry point
₹2,71,200 onward
sHNI · ₹2 L to ₹10 L3+ lots
Min · 3 lots
3,600 sh · ₹4,06,800
Entry point
₹4,06,800 onward
bHNI · Above ₹10 L8+ lots
Min · 8 lots
9,600 sh · ₹10,84,800
Entry point
₹10,84,800 onward

Issue details

Lead managersShannon Advisors Private Limited
Fresh issue18,28,800 sh · ₹21 Cr
Offer for sale3,79,200 sh · ₹4 Cr
Face value₹10
Listing onBSE SME
RegistrarMaashitla Securities Pvt.Ltd.
Live subscription
FinalUpdated 29 Sep 2026
5.11×
0×1×2×3×+
Heavily subscribed
Book₹15.88 Cr
Subscribed₹81.12 Cr
Applications1,574

Share-wise

by category
CategoryBook SizeSubscriptionNo. of Times
QIB (Ex. Anchor)
3,92,400₹4.43 Cr
10,99,200₹12.42 Cr
2.80×
HNI
3,02,400₹3.42 Cr
32,11,200₹36.29 Cr
10.62×
HNI (10L+)
2,01,600₹2.28 Cr
22,18,800₹25.07 Cr
11.01×
HNI (2-10L)
1,00,800₹1.14 Cr
9,92,400₹11.21 Cr
9.85×
Retail
7,10,400₹8.03 Cr
28,68,000₹32.41 Cr
4.04×
Total
14,05,200₹15.88 Cr
71,78,400₹81.12 Cr
5.11×

*QIB Book Size EXCLUDES the anchor portion of 5,86,800 shares, from the actual anchor allotment.

Application-wise

CategoryReq 1×TotalTimes
Retail2961,7125.78×

Total applications: 1,712

Subscription Demand

in ₹ crore
CategoryApplied
QIB12.42
HNI36.29
HNI (10L+)25.07
HNI (2-10L)11.21
Retail32.41
Total81.12

Amounts at the upper band (₹113). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.

Grey-market sentiment
No grey-market data yet.
Financials

Particulars

FY26

FY25

FY24

Assets

24.25

21.11

13.95

Total Income

85.64

65.82

45.88

PAT

4.19

3.13

1.39

Net Worth

12.2

7.76

4.72

Reserves & Surplus

6.39

1.95

4.71

Total Borrowings

7.18

5.35

2.15

Objects of the issue
  • Working Capital: ₹8.00 crore for operating expenses and receivables.

  • Debt Repayment: ₹6.60 crore towards repayment/prepayment of loans and credit facilities.

  • General Corporate Purposes: Remaining proceeds for business needs and corporate requirements.

About the company

Sai Urja Indo Ventures Limited, incorporated in 2012, provides Operation & Maintenance (O&M) and support services for industrial plants, primarily in the power generation sector, as well as iron & steel and agrochemical industries.

Its key services include electrical, mechanical and C&I maintenance; coal handling, MGR and BTG operations; industrial housekeeping; equipment overhauls; and manpower supply. Contracts include annual maintenance, performance-based, manpower supply and short-term contracts.

As of June 15, 2026, the company had 17 ongoing projects with ₹716.51 crore of pending execution and 4 projects worth ₹253.67 crore yet to commence. As of June 30, 2026, it employed 1,969 people.

Company strengths

  • Diversified O&M solutions across power and other industries

  • Growing repeat orders with larger project values

  • Strong orderbook supporting sustainable growth

  • Experienced leadership backed by a strong workforce

Promoters

Harsh Ajaykumar MittalSantosh Ajay Kumar Mittal

Registered office & contact

Sai Urja Indo Ventures Limited

Address - UG-2 Office Floor,

J. K. Complex,

Nanaji Nagar Nagpur Road,

Chandrapur, Maharashtra, 442401

📞 +919960815166

✉️ headoffice@suiv.co.in

How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Sai Urja Indo Ventures Limited IPO?

One lot of 1200 shares — ₹2,71,200 at the upper price band of ₹113.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-10-05 on BSE SME.

₹107–113
Applications are closed.