Sattva Engineering Construction IPO Subscription Status

The Sattva Engineering Construction IPO witnessed strong investor participation on its second day of bidding (28th August 2025). By 5:00 PM, the IPO was subscribed 6.07 times overall.

• Qualified Institutional Buyers (QIBs): 0.02x
• Non-Institutional Investors (NIIs): 7.72x
• Retail Individual Investors (RIIs): 8.77x

In total, the company received bids for 1,90,99,200 shares against the 31,47,200 shares offered for subscription.

Day-wise subscription trend:

• Day 1 (27th August 2025): 1.41x
• Day 2 (28th August 2025): 6.07x

About Sattva Engineering Construction Limited

Founded in 2005, Sattva Engineering Construction Limited (SECL) is a prominent player in the Engineering, Procurement, and Construction (EPC) sector. The company initially specialized in water infrastructure projects, wastewater management, and industrial construction, but has since expanded into building factories, warehouses, container freight stations, and commercial complexes.

Key strengths of SECL include:

• Over 40 years of combined experience as a Class I contractor.
• Expertise in executing large-scale government and private projects.
• Proven track record of timely delivery backed by advanced technology.
• Strong relationships with key government clients such as the Tamil Nadu Public Works Department and the Chennai Metro Water Supply and Sewerage Board.

In recent years, SECL’s business has shown solid momentum. Between FY 2023 and FY 2024, the company’s revenue grew by 22%, while its profit after tax (PAT) nearly doubled, highlighting operational efficiency. As of August 2025, the company commands a market capitalization of approximately ₹131.01 crore.

Sattva Engineering Construction Financial Performance

SECL’s financial results for the last two fiscal years underline its growth trajectory:

• Revenue (FY 2025): ₹94.85 crore vs. ₹77.44 crore in FY 2024
• Net Profit (FY 2025): ₹9.14 crore vs. ₹4.56 crore in FY 2024
• Observation: Profit margins have improved significantly, supported by better project execution and cost control.

Sattva Engineering Construction IPO GMP

As of Thursday, 28th August 2025, the Grey Market Premium (GMP) for SECL IPO stood at ₹19 per share.

This suggests the shares are trading at around ₹94 in the grey market, compared to the issue price of ₹75, reflecting a premium of 25.3%.