Sai Urja IPO
Sai Urja opens for subscription on 25 Sept 2026 and closes on 29 Sept 2026, at a price band of ₹107 – ₹113 with a lot of 2400 shares. Listing is expected on 5 Oct 2026.
Updated 22 Oct 2026
Important dates
Opens
25 Sept 2026
Closes
29 Sept 2026
Allotment
30 Sept 2026
Listing
5 Oct 2026
IPO details
| Price band | ₹107 – ₹113 |
|---|---|
| Lot size | 2400 shares |
| Minimum investment | ₹2,71,200 |
| Issue size | ₹24.95 crore |
| Face value | ₹10 per share |
| Board | SME |
| Listing at | BSE SME |
| Retail quota | 35% |
| EPS | ₹7.29 |
| RoNW | 42.44% |
Grey market premium (GMP)
Last reported GMP: ₹32 (28.3%), an unofficial estimated listing price near ₹145 or about ₹76,800 per lot.
GMP is unregulated grey market chatter, not an exchange price, and it often swings or turns out wrong on listing day. SEBI cautions investors against relying on it. Read the GMP explainer.
Subscription status
Subscribed 4.95 times overall at the last update.
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0× | 0.07× | 0.05× | 0.04× |
| Day 2 | 0× | 0.08× | 0.43× | 0.23× |
| Day 3 | 2.8× | 9.9× | 4.04× | 4.95× |
Company financials (₹ crore)
| Year | Revenue | Expenses | Profit after tax |
|---|---|---|---|
| FY24 | 45.88 | 43.63 | 1.39 |
| FY25 | 65.82 | 61.54 | 3.13 |
| FY26 | 85.64 | 80.08 | 4.19 |
About Sai Urja
Sai Urja Indo Ventures Limited is one of the leading companies in terms of offering Operation and Maintenance (O&M) and other support services in industrial plants, primarily in the power generation industry and other industries like iron & steel and agrochemicals.
Further, they provide a wide range of operation & maintenance services, including breakdown, predictive and preventive maintenance, condition monitoring, all field instruments calibration and testing, and other related activities for power plants and other industries. Moreover, as of mid-June 2026, the company holds 17 active projects with ₹7,165.10 lakh in pending execution, along with another four upcoming projects valued at ₹2,536.74 lakh that have yet to begin.
Objects of the issue
- Funding the working capital requirements of the Company
- Repayment/prepayment, in full or part, of certain loans availed by the Company
- General Corporate Purposes
Allotment status and registrar
Maashitla Securities Pvt.Ltd. is the registrar. After 30 Sept 2026, check your status with your PAN or application number on the registrar's site or the BSE/NSE allotment pages.
Registrar contact: 011-45121795 · investor.ipo@maashitla.com
Lead managers and offer documents
- Shannon Advisors Pvt.Ltd.
Sai Urja IPO: FAQs
When does the Sai Urja IPO open and close?
The Sai Urja IPO opens on 25 Sept 2026 and closes on 29 Sept 2026.
What is the Sai Urja IPO price band?
The price band is ₹107 – ₹113 per share (face value ₹10).
What is the Sai Urja IPO lot size?
One lot is 2400 shares, so the minimum investment is ₹2,71,200 at the upper price band.
When is the Sai Urja IPO allotment date?
Allotment is expected on 30 Sept 2026. Check the status on the registrar's site (Maashitla Securities Pvt.Ltd.) or the BSE/NSE allotment pages using your PAN.
When will Sai Urja shares list?
Listing is expected on 5 Oct 2026 on BSE SME.
What is the Sai Urja IPO GMP today?
The grey market premium was about ₹32 (28.3%) when this page was last updated, implying an unofficial estimated listing near ₹145. GMP is unregulated and can change quickly; do not rely on it.
Details are compiled from the offer documents and exchange disclosures via IPOWatch and may change or contain errors; verify in the RHP and on BSE/NSE before applying. This page is for information only and is not a recommendation to apply. Neminath Traders is not a SEBI-registered investment adviser. Read how to apply for an IPO.