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 handling control and instrumentation services for the biggest power plant in India, a 4,760 MW thermal power plant in Central India and another 3,000 MW plant in Northern India.
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).
As of March 31, 2025, the company had a team of 2,469 personnel, up from 1611 in 2024 and 1326 in 2023.
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
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding the working capital requirements of the Company | ₹8 |
| Repayment/prepayment, in full or part, of certain loans availed by the Company | ₹6 |
| General Corporate Purpose | — |
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 21 | 14 | 14 |
| Revenue | 66 | 46 | 29 |
| PAT | 3 | 1 | 0 |
| EBITDA | 5 | 5 | 1 |
| Net Worth | 8 | 5 | 3 |
| Total Borrowing | 5 | 2 | 5 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 979,200 | — |
| NII / HNI | — | 302,400 | — |
| Retail (RII) | — | 710,400 | — |
| Market Maker | — | Up to ₹2 Cr | — |
| Total | — | 2,208,000 | — |
* Amount calculated at upper price band (₹113) · ** Total includes all investor categories
- 1 Initiation of Refund 29 Sep 2026
- 2 Credit of Shares to Demat 29 Sep 2026
- The IPO P/E of 28x reflects a moderate valuation relative to typical market ranges.
- Pre-issue EPS of ₹5 compares to post-issue EPS of ₹4 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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