Saatvik Green Energy files draft papers with Sebi to raise Rs 1,150 crore via IPO

Saatvik Green Energy, an Indian solar panel manufacturer, is gearing up for an initial public offering (IPO) to raise Rs 1,150 crore. The company plans to utilize the funds for expanding its manufacturing capacity, investing in a subsidiary, and repaying debt. The IPO comprises fresh issuance of shares and an offer for sale by promoters.