Overview

• Saatvik Green Energy allotted 57.93 lakh shares to nine anchor investors at Rs 465 each, raising about Rs 269.4 crore, with HDFC Mutual Fund, Nippon India and Bandhan among participants.
• Saatvik’s Rs 900-crore IPO, priced at Rs 442–465 per share, opens Sept. 19–23 and is slated to list on the NSE and BSE on Sept. 26.
• Fresh proceeds for Saatvik include Rs 477.23 crore for a 4 GW solar PV module plant at Gopalpur, Odisha, Rs 166.44 crore toward subsidiary debt, and Rs 10.82 crore to repay certain parent borrowings.
• GK Energy raised about Rs 139.27 crore from anchors by allotting 91.03 lakh shares at Rs 153, and its up to Rs 464-crore IPO with a Rs 145–153 band runs Sept. 19–23.
• GK Energy plans to deploy roughly Rs 322.5 crore for long-term working capital, while reports on Saatvik’s current module capacity diverge between 1.8 GW and 3.8 GW as of June 2025.