Sattva Engineering Construction Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹75
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,20,000
Issue Size
₹35.38 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Sattva Engineering Construction Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
86.18%
Promoter Holding (Post-Issue)
62.91%
Issue Type
Book Building - SME
ISIN
INE14DW01018
About the Company
We are 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. We also offer operation and maintenance services for the STP projects as a part of the EPC contract.
Industry Overview
India's drinking water distribution infrastructure is undergoing significant transformation, driven by government initiatives aimed at providing universal access to safe and reliable drinking water. The Jal Jeevan Mission, launched in 2019, is a flagship program with the ambitious goal of delivering piped water connections to every rural household. The Government of India, through the Jal Jeevan Mission implemented in partnership with the State and Union Territory (UT) governments, is committed to ensuring the provision of safe and potable tap water supply to every rural household in the country on a regular and long-term basis to rural India.
Company History
Our Company was originally incorporated as "Sattva Engineering Construction Private Limited" a private limited company under the Companies Act, 1956 and received a certificate of incorporation from the Registrar of Companies, Tamil Nadu, dated December 21, 2005. Subsequently, the name of our Company was changed from "Sattva Engineering Construction Private Limited" to "Sattva Engineering Construction Limited", consequent to conversion of our Company from private limited company to public limited company, pursuant to a special resolution passed by the shareholders of our Company in the extra-ordinary general meeting held on November 25, 2024 and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Central Registration Centre dated December 23, 2024. The corporate identification number of our company is U45201TN2005PLC058383.
Growth Strategy
- Executing large sized projects and enhancing our execution capabilities.
- Expanding our geographical reach.
- Capitalize on government policy initiatives in water supply and waste-water treatment sectors.
- Efficient working capital management and increase financial efficiency.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of upto 47,16,800 equity shares of face value of Rs.10/- each of sattva engineering construction limited (formerly known as Sattva Engineering Construction Private Limited), ("Sattva" or the "Company" or the "Issuer") for cash at a price of Rs.75/- per equity share including a share premium of Rs.65/- per equity share (the "issue price") aggregating to Rs.35.38 crores ("the issue"), of which 2,40,000 equity shares of face value of Rs.10/- each for cash at a price of Rs.75/- per equity share including a share premium of Rs.65/- per equity share aggregating to Rs.1.80 crores will be reserved for subscription by market maker to the issue (the "market maker reservation portion"). The issue less the market maker reservation portion i.e. net issue of 44,76,800 equity shares of face value of Rs.10/- each at a price of Rs. 75/- per equity share including a share premium of Rs. 65/- per equity share aggregating to Rs. 33.58 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.00% and 25.63%, respectively, of the post issue paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Strong Order Book from Urban Local Bodies and Government bodies with repeat orders.
- Established track record for project execution.
- In house designing, engineering and execution team.
- End to end project management and execution capabilities.
- Managing diverse segments of infrastructure projects.
- Our employees may engage in misconduct or other improper activities, including non-compliance with regulatory standards and requirements and the same may results into imposition of criminal penalties, fines, revocation of regulatory approvals and harm to our reputation, any of which could form a material adverse effect on our business.
- Some of our Directors do not have experience of being a director of a public listed company.
- Our funding requirements and the proposed deployment of Net Proceeds are not appraised by any independent agency and are based on management estimates which may be subject to change based on various factors, some of which are beyond our control. Further, deployment of funds raised through this Issue shall not be subject to monitoring by any monitoring agency.
- We have issued the following shares in the last one year prior to the date of this Draft Red Herring Prospectus, which may be at a price lower than the Issue Price.
- The average cost of acquisition of Equity Shares by our Promoters could be lower than the floor price.