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Sattva Engineering Construction IPO
Price Band
₹70.0–75.0
Issue Size
₹35.38 Cr
Lot Size
1,600 shares
Min Investment
₹240,000
2 LOTS MIN
GMP
+₹24.0 (32.0%)
Issue Price
₹75.0
Subject to Sauda
₹29200
Paid only if allotted
Sattva Engineering Construction IPO AI Summary
- Sattva Engineering Construction IPO is listed on NSE SME in the Water Supply & Management sector.
- Price band: ₹70.0–₹75.0 per share, lot size 1,600 shares (min. investment ₹240,000, 2 lots minimum).
- Subscription window: 26 Aug–29 Aug 2025, listing on 03 Sep 2025.
- Current GMP is +₹24.0 (32.0%), an estimated listing price of ₹99 — unofficial and can change daily.
Sattva Engineering Construction Limited is set to list its shares following an IPO priced at ₹75.0, with a strong grey market premium indicating positive investor sentiment. The company has shown significant revenue and profit growth in recent years, supported by a diverse order book and strong execution capabilities.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Sattva Engineering Construction IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 29 Aug 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Sattva Engineering Construction IPO Grey Market Premium (GMP) Today
GMP
+₹24.0
GMP %
+32.0%
Est. Listing
₹99.0
Updated: 25 Jul 2026 14:13
About the Company
Incorporated in December 2005, Sattva Engineering Construction Limited is a Chennai-based Engineering, Procurement, and Construction (EPC) company specializing in water infrastructure, wastewater management, and industrial construction projects. With over 40 years of experience, SECL is a leading Class I contractor collaborating with government bodies like the Tamil Nadu Public Works Department and Chennai Metropolitan Water Supply and Sewerage Board. SECL offers comprehensive EPC solutions across several sectors: Water and Wastewater Projects: Design and construction of water distribution networks, pumping mains, overhead and underground tanks, water and sewage treatment plants, and pumping stations. Industrial and Civil Infrastructure: Development of factory buildings, warehouses, container freight stations, and commercial buildings. Residential Development: Design and promotion of multi-storeyed residential apartments, deluxe apartments, residential flats, and independent bungalows, enhancing urban infrastructure across the region. Notable clients include CMWSSB, TWAD, PWD, Greater Chennai Corporation, Southern Railway, and BHEL Competitive Strength: Strong execution capabilities supported by in-house designing, engineering and execution team Use of advanced technologies in the construction and installation of STP and WTP Projects funded by major international financial organisations such as the Asian Development Bank and the World Bank. Experienced promoters and a senior management team. Strong and diverse Order Book.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 114.82 | 87.48 | 83.38 |
| Total Income | 94.85 | 77.44 | 83.93 |
| Profit After Tax | 9.14 | 4.56 | 1.04 |
| EBITDA | 18.56 | 11.72 | 7.28 |
| NET Worth | 43.42 | 24.03 | 19.47 |
| Reserves and Surplus | 30.67 | 23.03 | 18.47 |
| Total Borrowing | 36.17 | 32.20 | 32.24 |
Key Ratios
EPS
₹7.17
NAV
₹34.05
ROE
27.10%
ROCE
28.58%
RoNW
27.10%
P/B Value
2.20
P/E Ratio
10.46
Market Cap
₹131.01 Cr
PAT Margin
9.64%
Debt/Equity
0.83
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Va Tech Wabag Limited | 284.8 | 14.86% | 33.4 | 47.48 | 47.48 |
| Enviro Infra Engineers Limited | 56.66 | 27.58% | 21.5 | 11.76 | 11.76 |
| EMS limited | 175.7 | 20.66% | 18.23 | 33.05 | 33.05 |
| Sattva Engineering & Construction This IPO | 34.05 | 27.1% | — | 7.64 | 7.64 |
Promoters
Santhanam Seshadri, R Sekar and Jagachchandarr Sekar Uthra
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet long-term working capital requirements 27.50 2 General Corporate Purposes 3.88 3 Issue Expenses 4.00 Total 35.38
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹83.93 Cr in the year ending 31 Mar 2023, increasing to ₹77.44 Cr by 31 Mar 2024, and further rising to ₹94.85 Cr by 31 Mar 2025. This indicates a positive trend in revenue growth over the periods.
Profit Trend
Profit After Tax was ₹1.04 Cr in the year ending 31 Mar 2023, which increased to ₹4.56 Cr by 31 Mar 2024, and further rose to ₹9.14 Cr by 31 Mar 2025. This shows a significant upward trend in profitability across the reported periods.
Valuation
At the issue price of ₹75.0, Sattva Engineering Construction has an implied P/E ratio of approximately 10.46, compared to peers trading at P/E ratios ranging from 18.23 to 33.4.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected price at which an IPO might list on the stock exchange compared to its issue price. A positive GMP suggests strong demand for the shares in the grey market, while a negative GMP indicates weak demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer low-risk investments or those not comfortable with the inherent volatility of IPOs may want to avoid this offering. It's crucial to assess personal financial situations and investment strategies.
Listing Gains — The Risk
Listing-day gains can be unpredictable. Factors such as market sentiment, demand for the stock, and overall market conditions can influence the price on the day of listing. Investors should be prepared for potential volatility.
This evaluation is generated from Sattva Engineering Construction's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Sattva Engineering Construction IPO GMP today?
Sattva Engineering Construction IPO GMP today is +₹24.0 (32.0%), indicating an estimated listing price of ₹99. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Sattva Engineering Construction IPO?
The price band of Sattva Engineering Construction IPO is ₹70.0–₹75.0 per share.
When does Sattva Engineering Construction IPO open and close?
Sattva Engineering Construction IPO opens on 26 August 2025 and closes on 29 August 2025.
When does Sattva Engineering Construction IPO list on the stock exchange?
Sattva Engineering Construction IPO listed on 03 September 2025 at ₹99.0.
What is the lot size for Sattva Engineering Construction IPO?
The lot size for Sattva Engineering Construction IPO is 1600 shares, requiring a minimum investment of ₹240,000 (2 lots).
What is the lot size for this IPO?
The lot size for Sattva Engineering Construction's IPO is 1600 shares.
What is the minimum investment required?
The minimum investment required is ₹240,000.
What is the price band for the IPO?
The price band for the IPO is ₹70.0 to ₹75.0.
When does the IPO open and close?
The IPO opens on 26 August 2025 and closes on 29 August 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
26 Aug 2025
Close
29 Aug 2025
Allotment
01 Sep 2025
Listing
03 Sep 2025
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