Sattva Engineering Construction IPO Details
RHP/DRHPIssue Date
26 Aug - 29 Aug'25
Investment/lot
₹ 120000
Price Range
70 - 75
Lot Size
1600
IPO Size
₹ 33.02 - ₹ 35.38 Cr
Schedule of Sattva Engineering Construction IPO
Start date
26/08/2025
End date
29/08/2025
Allotment of bids
01/09/2025
Refund Initiation
02/09/2025
Listing on exchange
03/09/2025
About Sattva Engineering Construction IPO
The IPO of Sattva Engineering Construction Ltd comprises only a fresh issue of up to 47,16,800 equity shares. There’s no offer for sale in this IPO, which is a 100% book-built issue. The price band of the IPO is ₹70 to ₹75 per share and the lot size of the IPO is 1600. It opens on August 26, 2025 and closes on August 29, 2025.
The listing date is on or before September 3, 2025 and the allotment date is on or before September 1, 2025. The credit of shares to the Demat account will take place on or before September 2, 2025, while the initiation of refund will take place on or before September 2, 2025.
Sattva Engineering Construction Ltd is an ISO 9001:2015, ISO 45001:2018 and ISO 14001:2015 certified engineering, procurement and construction (EPC) company engaged in the business of providing water resource management solutions which includes the Water Supply Scheme (WSS) with underground and overhead tank, Under Ground Sewerage System (UGSS), Sewage Treatment Plants (STP) and Water Treatment Plants (WTP) primarily for government authorities/bodies.
Objectives of Sattva Engineering Construction IPO
The company proposes to utilise the IPO proceeds:
- To meet long-term working capital requirements
- For general corporate purposes
Sattva Engineering Construction IPO Valuation
Sattva Engineering Construction IPO Share Offer and Subscription Details
| Investor | Shares Offered |
|---|---|
Market Maker | 5.09% of the issue size |
QIBs | Not more than 50% of the net issue size |
Non-institutional Bidders | Not more than 15% of the net issue size |
Individual Investors | Not less than 35% of the net issue size |
Industry Outlook
The EPC (Engineering, Procurement, and Construction) industry in India is a key contributor for country's infrastructure and industrial sector growth. It involves the full scope of services, including engineering design, procurement of materials and equipment, and the construction of projects. EPC is a prominent form of contracting agreement in the construction industry and is the most sought method of executing projects globally.
Also, the Indian water and wastewater treatment market is experiencing significant growth, driven by increasing water pollution, rapid urbanisation, and a growing population. Water and wastewater management is a promising subsector in India’s environmental technology segment.
Demand for high-end treatment technologies is growing in India. Backed by increasing infrastructure development, the India water and wastewater market grew from USD 1.6 billion in 2021 to USD 2.1 billion in 2024, with a CAGR of 10.1% between 2021-24. Simultaneously, the India EPC industry market for water treatment projects is estimated to have grown from USD 1.4 billion in 2021 to USD 1.9 billion in 2024, with a CAGR of 11.4%.
Company Information
Sattva Engineering Construction Ltd is an ISO 9001:2015, ISO 45001:2018 and ISO 14001:2015 certified engineering, procurement and construction (EPC) company engaged in the business of providing water resource management solutions which includes the Water Supply Scheme (WSS) with underground and overhead tank, Under Ground Sewerage System (UGSS), Sewage Treatment Plants (STP) and Water Treatment Plants (WTP) primarily for government authorities/bodies. The company also offers operation and maintenance services for the STP projects as a part of the EPC contract.
Under the WSS, the company designs and constructs large underground and overhead water tanks for storage and supply of potable/drinking water along with pump houses, laying the pipeline from the water tank and achieving house service connections including electromechanical works.
Strengths of Sattva Engineering Construction IPO
- 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 organizations such as the Asian Development Bank and the World Bank
- Experienced promoters and senior management team
- Strong and diverse order book
Risks of Sattva Engineering Construction IPO
- Dependence on government-funded projects, cutting of which could adversely affect operations
- Capital intensive business and risk of insufficient cash flows
- Risk of inaccurate cost estimation
- Exposure to regulatory scrutiny and policy related uncertainties
- Failure to successfully implement expansion plan in South India could adversely affect operations
All Financial Information about Sattva Engineering Construction IPO
Comparison with peers
| Company Name | Revenue from Operations (in ₹crores) | EPS in ₹ | NAV Per Share (in ₹) | Return on Net Worth (in %) |
|---|---|---|---|---|
Sattva Engineering Construction Ltd | 93.6504 | 7.64 | 34.05 | 27.10 |
EMS Ltd | 965.8315 | 33.05 | 175.70 | 20.66 |
Enviro Infra Engineers Ltd | 1066.0560 | 11.76 | 56.66 | 27.58 |
VA Tech Wabag Ltd | 3294.00 | 47.48 | 284.80 | 14.86 |
Anchor Investor Bidding Date
Anchor portion of the IPO opens for bidding on August 25, 2025.
IPO Registrar and Book Running Lead Manager
- IPO Registrar: MUFG Intime India Pvt Ltd
- Book Running Lead Manager: Vivro Financial Services Pvt Ltd
Business Model
Sattva Engineering Construction Ltd is engaged in providing water resource management solutions including WSS, UGSS, STP and WTP. Under the WSS, the company offers design and construction of large underground and overhead water tanks for storage and supply of potable/drinking water along with pump houses, laying the pipeline from the water tank and achieving house service connections including electromechanical works.
Under the UGSS, the sewage is drawn through the house service connection, laying the sewage pipeline connected to machine holes (pre-cast or cast-in-situ), collection wells and pump house including other civil structures, electromechanical equipment and instrumentation.
Under the STP, the company designs, engineers, builds, commissions and operates sewage treatment plant of varying capacities which typically includes construction of inlet chamber, screen and grit chamber, primary clarifier, sequential batch reactor (“SBR”) basin, chlorine contact tank, sludge thickener, digestor, bio-gas tank and other civil structures, electromechanical equipments and instrumentation.
Under the WTP, the company designs, engineers, builds and commissions water treatment plant of varying capacities for treatment of river or lake water which typically includes construction of raw water pumping station, inlet chamber, screen chamber, clariflocculator, filter press, rapid gravity sand filter beds, chlorinator and other civil structures, electromechanical equipment and instrumentation.
Company Growth Trajectory
The revenue from operations of Sattva Engineering Construction Ltd grew from ₹83.6389 crores in FY 23 to ₹93.6504 crores in FY 25. Its EBITDA has grown at a CAGR of 59.72% from FY 23 to FY 25. Its net profit has grown at a CAGR of 196.67% from FY 23 to FY 25. Strong execution capabilities coupled with a strong and diverse order book has helped the company grow over the years.
Market Position
Sattva Engineering Construction Ltd is an ISO 9001:2015, ISO 45001:2018 and ISO 14001:2015 certified company. Since incorporation, the company has successfully developed more than 50 projects. As on March 31, 2025, the company’s order book consisted of 13 ongoing projects which included WSSs, UGSS, STPs and WTPs aggregating to ₹308.0984 crores.
Sattva Engineering Construction IPO Profit and Loss
| Parameter | FY25 | FY24 | FY23 |
|---|---|---|---|
Total Income (in ₹crores) | 94.8497 | 77.4363 | 83.9346 |
Profit / (Loss) Before Tax (in ₹crores) | 12.6135 | 6.2825 | 1.3818 |
Profit After Tax (in ₹crores) | 9.1391 | 4.5637 | 1.0384 |
EBITDA (in ₹crores) | 18.5626 | 12.2271 | 7.5726 |
EPS in ₹ | 7.64 | 4.15 | 0.94 |
Sattva Engineering Construction IPO Balance Sheet
| Parameter | FY25 | FY24 | FY23 |
|---|---|---|---|
Profit / (Loss) Before Tax (in ₹crores) | 12.6135 | 6.2825 | 1.3818 |
Net Cash from Operating Activities (in ₹crores) | (5.6326) | 5.7204 | 7.7816 |
Net Cash from Investing Activities (in ₹crores) | (0.0511) | (1.9084) | 0.0215 |
Net Cash Flow in Financing Activities (in ₹crores) | 7.4330 | (6.1078) | (4.3727) |
Cash and Cash Equivalents-Closing Balance (in ₹crores) | 3.3640 | 1.6147 | 3.9105 |
How to Check Allotment Status of Sattva Engineering Construction IPO?
1. Visit the Registrar’s Website
- Visit the website of MUFG Intime India Pvt Ltd
- Choose ‘Public Issues’ from Investor Services dropdown
- Choose the name of the company from ‘Select Company’ dropdown
- Enter any of these - PAN Number, Application Number, DP/Client ID, Account Number / IFSC
- Click on Submit to check the status
2. Check on the National Stock Exchange Website
The National Stock Exchange (NSE) has an IPO bid verification module. You can use it to check the status of Sattva Engineering Construction Ltd. Go to the NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'. On the NSE IPO Bid Verification page, enter:
- Company name from dropdown
- Application number
- PAN
Then click 'Submit' to know the allotment status.
How to Apply for the Sattva Engineering Construction IPO?
- Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Specify IPO details - Enter the number of lots and the price you wish to apply for.
- Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
- Mandate Notification - Your UPI app will receive a mandate notification to block funds.
- Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Sattva Engineering Construction IPO FAQs
What is the minimum lot size required for Sattva Engineering Construction IPO?
The minimum lot size is 1600 shares and the investment required is ₹120000.
What is the price band of the Sattva Engineering Construction IPO?
The price band of Sattva Engineering Construction IPO is ₹70 to ₹75.
Where can I read more about Sattva Engineering Construction business?
You can read more about Sattva Engineering Construction and its IPO from the company’s red herring prospectus (RHP) here.
What is the Sattva Engineering Construction Ltd IPO?
The Sattva Engineering Construction Ltd IPO comprises a fresh issue of up to 47,16,800 equity shares, with the issue size pegged at ₹33.58 crores in the upper price band.
When will the IPO of Sattva Engineering Construction Ltd go live?
The IPO will open on August 26, 2025 and will close on August 29, 2025.
From where can I get more information about the IPO of Sattva Engineering Construction Ltd?
To get more information about the IPO of Sattva Engineering Construction Ltd, click on the company’s red herring prospectus here.
