Sattva Engineering Construction, an EPC company in water and wastewater infrastructure solutions, plans to raise ₹35 crore through initial public offering on NSE Emerge.
The company will issue 47.17 lakh equity shares in the price band of ₹70—₹75 a share. The issue will open for subscription on Tuesday.
The net proceeds from the IPO will be used for funding long-term working capital requirement and the general corporate purposes. Vivro Financial Services will be the lead manager to the issue while MUFG Intime India has been appointed as the registrar.
Santhanam Seshadri, Whole Time Director, Sattva Engineering Construction said with over 50 projects executed and a current order book of ₹308 crore, the company has demonstrated consistent delivery across water supply schemes, sewage treatment plants and related infrastructure.
The fresh fund raise will help the company scale up operations to meet the growing demand created by government initiatives such as Jal Jeevan Mission and AMRUT.
“We see clear opportunities in expanding our execution capacity, adopting advanced monitoring systems, and broadening our footprint in Tamil Nadu and neighbouring states,” he said.
Backed by three decades of industry experience and a skilled technical team, the company is well-positioned to capture upcoming opportunities in India’s water infrastructure development, he added.
Vivek Vaishnav, Director, Vivro Financial Services said the company’s in-house design expertise, adoption of technologies such as SCADA for monitoring and structured execution model provide a distinct edge in delivering complex infrastructure.
In FY25, the company achieved a revenue of ₹94 crore, EBITDA of ₹19 crore and net profit of ₹9 crore.