NSE SME IPO of Sattva Engineering Construction subscribed 1.29 times

The initial public offer (IPO) of Sattva Engineering Construction received bids for 43,69,600 shares as against 33,87,200 shares on offer, as per NSE data as of 17:00 hours on Tuesday (26 August 2025). The issue was subscribed 1.29 times. The issue opened for bidding on Tuesday (26 August 2025) and it will close on Friday (29 August 2025). The price band of the IPO is fixed at Rs 70 to Rs 75 per share. The minimum order quantity is 1,600 equity shares. The equity shares will list on NSE’s SME platform. The IPO comprises fresh issue of 47,16,800 equity shares. About 2,40,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 44,76,800 equity shares. The issue and the net issue will constitute 27% and 25.63%, respectively, of the post issue paid up equity share capital of the company. The company intends to utilize the net proceeds to meet long-term working capital requirements and general corporate purposes. Ahead of the IPO, Sattva Engineering Construction on 25 August 2025, raised Rs 9.97 crore from anchor investors. The board allotted 13.29 lakh shares at Rs 75 per share to 6 anchor investor. Sattva Engineering Construction is engaged in the business of providing water resource management solutions, which include Water Supply Schemes (WSS) with underground and overhead tanks, Underground Sewerage Systems (UGSS), Sewage Treatment Plants (STPs), and Water Treatment Plants (WTPs), primarily for government authorities and bodies. It also offers operation and maintenance services for STP projects as part of its EPC contracts. As of 31 March 2025, the company had 117 permanent employees. The company recorded revenue from operations of Rs 93.65 crore and net profit of Rs 9.14 crore for the period ended 31 March 2025.