Sattva Engineering Construction IPO Subscription Status

The Sattva Engineering Construction IPO saw a healthy response on its first day of bidding (August 26, 2025, till 05:00 PM) with an overall subscription of 1.40 times.

• QIB (Qualified Institutional Buyers): 0.00x (no bids yet)
• NII (Non-Institutional Investors): 2.00x
• RII (Retail Individual Investors): 1.93x

By the end of Day 1, the IPO received 44,17,600 bids against 31,47,200 shares on offer. The strong participation by HNI/NII and retail investors contributed significantly, while institutional demand is expected to pick up in the next rounds.

Day 1 Subscription (26th August 2025): 1.40x

About Sattva Engineering Construction Limited

Founded in 2005, Sattva Engineering Construction Limited (SECL) is a prominent Engineering, Procurement, and Construction (EPC) services provider. The company specializes in water infrastructure, wastewater management, and industrial construction projects. Over the years, it has diversified into factories, warehouses, container stations, and commercial building construction.

Experience & Credentials:

• Backed by 40+ years of collective industry experience through its promoters.
• Recognized as a Class I contractor, enabling it to take up large-scale government and private projects.
• Works closely with reputed government bodies such as:
  • Tamil Nadu Public Works Department (PWD)
  • Chennai Metro Water Supply & Sewerage Board (CMWSSB)

Competitive Strengths:

• Strong execution track record with timely delivery of projects.
• Adoption of advanced construction technology and cost-efficient methods.
• Experienced leadership team with sector-specific expertise.
• Balanced business portfolio across government contracts and private industrial projects.

Financial Performance of Sattva Engineering Construction

The company has showcased consistent financial growth in the last two years:

• Revenue (FY 2024): ₹77.44 crores
• Revenue (FY 2025): ₹94.85 crores (+22.5% growth YoY)
• Profit (FY 2024): ₹4.56 crores
• Profit (FY 2025): ₹9.14 crores (doubled compared to last year)

With a growing order book and increasing demand for infrastructure projects, SECL’s revenue and profitability trends suggest strong operational scalability.

Market Capitalisation: ₹131.01 crore (at the IPO price band).

Sattva Engineering Construction IPO GMP (Grey Market Premium)

As of Tuesday, August 26, 2025, the Grey Market Premium (GMP) for Sattva Engineering Construction IPO was ₹15.

• IPO Issue Price: ₹75
• Grey Market Price: ₹90
• Premium: ₹15

This indicates investor confidence in the company’s fundamentals and potential listing gains.