Saatvik Green Energy IPO available at attractive valuation; GMP at 15%. Should you subscribe?

Saatvik Green Energy launches its Rs 900 crore IPO this Friday. The IPO will remain open until September 23. Allotment is expected on September 24, with listing on September 26. The company manufactures solar PV modules and provides EPC services. It plans to use the IPO proceeds to fund expansion and repay borrowings.