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Sattva Engineering Construction, an ISO-certified EPC company specializing in water and wastewater infrastructure, has launched its Initial Public Offering (IPO) on August 26, 2025. The company aims to raise INR 35.38 crore at a price band of INR 70-75 per share, with the funds intended for working capital and general corporate purposes. The IPO is a key milestone for Sattva, which has executed over 50 projects and has a current order book of INR 308.09 crore. This move is aimed at enabling the company to scale operations and capitalize on growing demand from government initiatives such as the Jal Jeevan Mission and AMRUT.
Sattva Engineering Construction Limited, an ISO-certified EPC company specializing in water and wastewater infrastructure solutions, has launched its Initial Public Offering (IPO) today, on August 26, 2025. The company aims to raise INR 35.38 crore at the upper end of its price band, with its shares to be listed on the NSE Emerge platform, which is a segment designed for small and medium-sized enterprises. Advertisement
The IPO, which will close on August 29, 2025, has a price band of INR 70-75 per share. The anchor portion opened on August 25, 2025. The net proceeds from the IPO are intended to fund the company's long-term working capital requirements and for general corporate purposes. This fundraising is a key step for the company as it looks to scale up operations and meet the growing demand from government initiatives such as the Jal Jeevan Mission and the AMRUT scheme.
Santhanam Seshadri and R Sekar, Whole-Time Directors of Sattva Engineering Construction, stated that the IPO represented a key moment in their effort to strengthen and expand their presence in the water and wastewater infrastructure sector. They added that with over 50 projects executed and a current order book of INR 308.09 crore, the company has shown consistent delivery across water supply schemes and sewage treatment plants.
The company has three decades of industry experience and has built a reputation for its in-house design expertise and the adoption of technologies like SCADA for monitoring, which give it an edge in delivering complex infrastructure. The company is well-positioned to capitalize on upcoming opportunities in India's water infrastructure development, which is being driven by a push for sustainable and reliable water supply across the country.
Vivek Vaishnav, Director of Vivro Financial Services, the Book Running Lead Manager to the Issue, stated that the IPO would enable the company to strengthen its resources and scale its operations. He added that with its proven capabilities and regional focus, Sattva is well-placed to emerge as a key player in advancing sustainable water infrastructure in South India.
Source- PTI
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