Sattva Engineering Construction IPO
Sattva Engineering Construction Limited · Water Infrastructure EPC
- Price band
- To be announcedNot in this filing
- Issue size
- 47,16,800 sharesFresh issue · amount set with price
- Face value
- ₹10per equity share
- Lot size
- To be announcedMin. investment shown once set
- Anchor biddingMon, 2025
- OpensTue, 2025
- ClosesFri, 2025
- AllotmentMon, 2025
- ListingWed, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 47,16,800 shares
- Offer for sale
- None
- Total issue
- 47,16,800 shares
- Market maker portion
- 2,40,000 shares
- Face value
- ₹10
- Listing at
- NSE Emerge
- RHP date
- 18 Aug 2025
Source: Red Herring Prospectus dated 18 Aug 2025Updated
Reservation
Share of the total issue- Market maker100.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | — | — | 35% |
| Non-institutional investors (NII) | — | — | 15% |
| Qualified institutional buyers (QIB) | — | — | 50% |
| Market maker | 2,40,000 | — | — |
Source: Red Herring Prospectus dated 18 Aug 2025Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2025, pre-issue- EPS (basic)
- ₹7.64
- NAV per share (March 31, 2025)
- ₹34.05
- EBITDA margin
- 19.82%
- PAT margin
- 9.64%
- ROCE
- 28.58%
- Debt to equity
- 0.83
P/E and market cap are calculated once the price band is announced.
Source: Red Herring Prospectus dated 18 Aug 2025Updated
About the company
The company is an EPC contractor that designs and builds water supply, sewerage, sewage treatment and water treatment projects, mainly for government bodies. It also provides operation and maintenance services for some sewage treatment plant projects.
- Incorporated
- 2005
- Industry
- Water Infrastructure EPC
- CIN
- U45201TN2005PLC058383
- Website
- sattvaengg.in
Source: Red Herring Prospectus dated 18 Aug 2025Updated
Promoters and shareholders
| Name | Type | Before issue | After issue |
|---|---|---|---|
| Santhanam Seshadri | Promoter | 43.09% | — |
| R Sekar | Promoter | 32.09% | — |
| Jagachchandarr Sekar Uthra | Promoter | 10.00% | — |
| Uthra Sekar | Promoter group | 1.00% | — |
Source: Red Herring Prospectus dated 18 Aug 2025Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Meeting long-term working capital requirements | 27.50 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 18 Aug 2025Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| EMS Limited | ₹33.05 | 18.23× | 20.66% | ₹175.7 |
| Enviro Infra Engineers Limited | ₹11.76 | 21.50× | 27.58% | ₹56.66 |
| VA Tech Wabag Limited | ₹47.48 | 33.40× | 14.86% | ₹284.8 |
Source: Red Herring Prospectus dated 18 Aug 2025Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- ISO-certified EPC contractor with a track record of completing more than 50 water and wastewater projects.
- Order book of about ₹30,810 lakhs across 13 ongoing projects as of March 31, 2025.
- In-house design, engineering and execution team supported by experienced promoters.
- Majority of revenue comes from government bodies and some projects are funded by AMRUT, JJM, World Bank and ADB.
Risks
- Business is highly dependent on government budgets and awarded projects under central and state schemes.
- Working capital intensive operations with significant borrowings and receivables from government clients.
- Bid success conversion rates have varied across years, with 22.4% in FY 2023.
- Revenue is concentrated in Tamil Nadu and Pondicherry, with recent expansion into Karnataka still at an early stage.
- Use of proceeds is based on management estimates and has not been independently appraised.
Source: Red Herring Prospectus dated 18 Aug 2025Updated
Contacts
Source: Red Herring Prospectus dated 18 Aug 2025Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: Red Herring Prospectus dated 18 Aug 2025Updated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on NSE Emerge.
Frequently asked questions
When does the Sattva Engineering Construction IPO open and close?
According to the Red Herring Prospectus, the issue opens on Tuesday, 26 August 2025 and closes on Friday, 29 August 2025. These dates are tentative.
What is the Sattva Engineering Construction IPO price band?
The Red Herring Prospectus does not include a price band. The company announces it by advertisement before the issue opens, and this page is updated when it is filed.
Where will Sattva Engineering Construction shares list?
On NSE Emerge. The tentative listing date is Wednesday, 3 September 2025.
Who is the registrar of the issue?
MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.
How do I check the Sattva Engineering Construction IPO allotment status?
The basis of allotment is expected to be finalised on Monday, 1 September 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (MUFG Intime India Private Limited). Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹27.5 Cr for meeting long-term working capital requirements, and the rest for the other stated purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.