Sai Urja Indo IPO Listing Price, Gain & Allotment

The issue size is ₹24.95 Cr.

Revenue rose from ₹45.88 Cr in FY24 to ₹85.64 Cr in FY26, a compound annual growth of 36.6%. Profit after tax grew from ₹1.39 Cr to ₹4.19 Cr. That is a net profit margin of 4.9% in FY26. Borrowings were 0.59 times net worth at the end of FY26.

Sai Urja Indo listed at ₹133.8 on 5 Oct 2026, +18.4% against the issue price of ₹113. The last GMP before listing had pointed to about ₹123, so it opened 9.6 points above the grey market estimate. It closed the first day at ₹140.45 (+24.3%).

Sai Urja Indo is an SME IPO worth ₹24.95 crore with a price band of ₹107 – 113 per share. The issue opens on 25 September 2026 and closes on 29 September 2026. Shares are expected to list on 5 October 2026 on BSE SME.

Sai Urja Indo Ventures IPO is a book-built issue of Rs. 24.95 Cr (0.22 crore shares) by Sai Urja Indo Ventures Limited, which provides operation and maintenance (O&M) and other support services in industrial facilities, mostly in the power generation sector but also in other industries, including agrochemicals and iron and steel.

The corporation operates coal handling and merry-go-round systems in power plants, manages electrical, mechanical, and instrumentation systems, and ensures plant safety and cleanliness through industrial housekeeping, equipment maintenance, and labor supply.

Based on the tenders, the services are provided under four different contract types, which include contracts for annual maintenance (one to three years) and performance-based contracts (related to plant output or dependability).