Sai Urja Indo Ventures Limited

Total Issue Size

₹24.95 Cr

22,08,000 shares

Fresh Issue

₹20.67 Cr

18,28,800 shares

Offer for Sale

₹4.28 Cr

3,79,200 shares

Face Value

₹10 per share

Issue Type

Book-built IPO

Listing At

BSE SME

Shares Pre-Issue

58,10,000

Shares Post-Issue

76,38,800

1. Offer opens

   25 Sept 2026

2. Offer closes

   29 Sept 2026

3. Allotment

   30 Sept 2026

4. Listing

   5 Oct 2026

• Anchor26.6%5,86,800 shares
• QIB17.8%3,92,400 shares
• HNI13.7%3,02,400 shares
• Retail32.2%7,10,400 shares
• MarketMaker9.8%2,16,000 shares

Subscription figures will appear here once bidding opens on 25 Sept 2026.

Incorporated in 2012, Sai Urja Indo Ventures Limited is offers Operation and Maintenance (O&M) and other support services in industrial plants, primarily in power generation industry and other industries like iron & steel and agrochemicals. The company work includes managing electrical, mechanical, and instrumentation systems, operating coal handling and merry-go-round systems in power plants, as well as ensuring plant cleanliness and safety through industrial housekeeping, equipment overhauls, and manpower supply. Services: Maintenance Services: Electrical systems, Control & Instrumentation (C&I), Mechanical Jobs Operation Services: Coal Handling Plants (CHP), Merry-Go-Round (MGR), Boiler-Turbine-Generator (BTG), Other Services: Industrial Housekeeping, Overhaul Works, Annual Overhaul (AOH) and Capital Overhaul (COH). The services are delivered through four types of contracts based on the tenders which include: Annual Maintenance Contracts (for one to three years), Performance-Based Contracts (linked to plant output or reliability), Manpower Supply Contracts and Short-Term Bill of Quantity Contracts (for temporary needs). As on June 15, 2026, they have 17 on-going projects for which Rs. 7,165.10 Lakhs worth project execution is pending and 4 projects worth Rs. 2,536.74 Lakhs whose execution is yet to commence. They offer a wide range of operation & maintenance services, including breakdown, predictive and preventive maintenance, condition monitoring, all field instruments calibration and testing, and other related activities for power plants and other industries. As on June 30, 2026, they have 1969 employees, who look after day-to-day business operations, HR & accounting functions. Competitve Strengths: Diversified O&M service solutions for power and other industries Increase in repeat orders from existing clients with larger project values Large orderbook facilitating sustainable growth in financial performance Leadership with a track record, powered by a sizable team

• Funding the working capital requirements of the Company (₹8.00 Cr)
• Repayment/prepayment, in full or part, of certain loans availed by the Company (₹6.60 Cr)
• General Corporate Purposes

• <p>Harsh Ajaykumar Mittal
• Santosh Ajay Kumar Mittal</p>

Book running lead managers

• Shannon Advisors Pvt.Ltd.

Registered office

UG-2 Office Floor,, J. K. Complex,, Nanaji Nagar Nagpur Road,, Chandrapur, Maharashtra, 442401

Market maker

Prabhat Financial Services Ltd.

• DRHPDraft Red Herring Prospectus
• RHPRed Herring Prospectus