"Saatvik Green Energy Raises ₹900 Crore in IPO, Strengthening Its Position in India's Solar Market"

"Saatvik Green Energy Limited, a rapidly growing solar module manufacturer in India, has successfully raised ₹900 crore through an initial public offering (IPO). The IPO included both a fresh issue and an offer for sale, with legal advice provided by AZB & Partners and Khaitan & Co. Saatvik Green operates a state-of-the-art manufacturing facility in Ambala, Haryana, with an annual production capacity of 3.8GW, positioning itself as a significant player in India's solar energy market."

In a recent transaction, AZB & Partners advised Saatvik Green Energy Limited on its ₹900 crore initial public offering (IPO), while Khaitan & Co provided counsel to the Book Running Lead Managers, DAM Capital Advisors Limited, Ambit Private Limited, and Motilal Oswal Investment Advisors Limited. Saatvik Green Energy Limited successfully raised ₹900 crore through an IPO that included both a fresh issue and an offer for sale. The company is recognized as one of the fastest-growing solar module manufacturers in India, with a significant production capacity of 3.8GW annually from its state-of-the-art manufacturing facilities located in Ambala, Haryana. The transaction team from AZB & Partners comprised Senior Partners Varoon Chandra and Agnik Bhattacharyya, along with Associates Tanaiy Tewari, Harsh Vardhan Singh, Damini Mathur, Shivani Singh, Vaibhav Kumar Shah, and Vinayak Gupta. Khaitan & Co's team included Partner Gautham Srinivas, Partner Sathvik Ponnappa, Principal Associate Sanjeev Chowdhary, Senior Associate Vaishnavi Gupta, and Associates Sarvesh Sharma, Shambhavi Gautam, Vidushi Tanya, Naman Seth, and Swadha Swaroop.

"Saatvik Green Energy Raises ₹900 Crore in IPO, Strengthening Its Position in India's Solar Market"

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