Overview
- Exchange data showed GK Energy’s Rs 464.26 crore offer at 6.41 times on Day 2 (NIIs 10.05x, retail 6.84x, QIBs 2.90x), rising to 7.83 times by Tuesday morning on the final day.
- Saatvik Green’s Rs 900 crore issue was fully booked by Day 2 but remained lightly bid by institutions on Day 3 (about 2%), with a grey‑market premium of roughly Rs 9 indicating about a 2% listing uplift.
- Grey‑market quotes pointed to GK Energy at about Rs 20 (roughly 13% implied gain) and Saatvik Green cooling from earlier peaks; such indications are informal and volatile.
- Atlanta Electricals was fully subscribed on Day 2 with stronger NII demand and a GMP near Rs 110 suggesting mid‑teens listing gains, while Ganesh Consumer Products lagged at about 0.18 times by midday with a modest GMP near Rs 10.
- Share allotments for GK Energy and Saatvik Green are slated for Sept. 24 with tentative listings on Sept. 26, as eight IPOs were open on Tuesday in a crowded primary‑market calendar.