IPO Snapshot
- Company Name: Sattva Engineering Construction Ltd.
- IPO Type: NSE SME IPO
- Issue Size: ₹35.38 crore (fresh issue of 47.17 lakh shares)
- Price Band: ₹70 – ₹75 per share
- Lot Size: 1,600 shares (₹1,20,000 minimum investment)
- Issue Opens: August 26, 2025
- Issue Closes: August 29, 2025
- Allotment Date: September 1, 2025
- Refunds/Share Credit: September 2, 2025
- Listing Date: September 3, 2025
- Investor Quota:
- QIB: 50%
- Retail: 35%
- NII: 15%
Company Overview
Sattva Engineering Construction Ltd., incorporated in 2005 and headquartered in Chennai, is an EPC (Engineering, Procurement, and Construction) company specializing in water and wastewater management projects.
Key areas of expertise include:
- Water supply and sewerage systems
- Sewage and effluent treatment plants
- Pumping stations and storage tanks
- Infrastructure projects for public utilities
The company has executed projects funded by ADB, World Bank, TWAD Board, BHEL, Southern Railway, and Chennai Metropolitan Water Supply & Sewerage Board, making it a strong government and PSU contractor.
Financial Performance
Revenue Growth
- FY2024: ₹77.44 crore
- FY2025: ₹94.85 crore (+22% YoY)
Profit After Tax (PAT)
- FY2024: ₹4.56 crore
- FY2025: ₹9.14 crore (nearly doubled)
Valuation Metrics
- EPS: ₹7.64
- P/E: ~9.8× (much lower than industry avg. ~25×, indicating undervaluation)
Strengths
- Strong domain expertise in water & wastewater infra projects
- Proven track record with ADB & World Bank-funded projects
- Consistent revenue growth and profit expansion
- Attractive valuations (low P/E compared to peers)
- Government schemes like Jal Jeevan Mission & AMRUT provide long-term visibility
Risks
- High dependence on government contracts may lead to payment delays
- SME IPO – limited liquidity compared to mainboard listings
- Competitive EPC environment with thin margins
Conclusion
The Sattva Engineering Construction IPO offers investors an opportunity to participate in India’s infrastructure and water management growth story. With strong financial growth, healthy order book, undervaluation, and a positive GMP, the IPO looks attractive for listing gains as well as long-term value investors.
Investors with a higher risk appetite for SME IPOs can consider subscribing.
Subscription
| Investor | 26 Aug 2025 | 28Aug 2025 | 29Aug 2025 |
|---|---|---|---|
| Anchor | 0 | ||
| QIB | 0.00 | ||
| Non-Institutional | 2.00 | ||
| BNII | 2.28 | ||
| SNII | 1.45 | ||
| Retail | 1.93 | ||
| Total | 1.40 |
GMP Trend:
| Date | GMP |
|---|---|
| 26 Aug 2025 | ₹19(25.33%) |
It should be noted that IPO GMP is subject to extreme volatility, so an investment decision based solely on Patel Retail IPO GMP will prove risky. Therefore, before to investing, consider all factors and make the right investment decision whether to invest in Patel Retail IPO or not.
How to Check IPO Allotment Status:
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BSE Webiste
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- Enter your PAN Number, Application Number or DP Client ID (Anyone).
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