Overview

• GK Energy was subscribed 6.58 times by late Day 2, including 10.19x in NII, 7.08x in retail and 3.0x in QIB tranches, according to Financial Express.
• Saatvik Green Energy reached 1.15 times overall by Day 2, with retail at 1.65x, NII at 1.44x, employees at 3.52x and QIB at 0.01x.
• Grey-market premiums have eased: GK Energy was quoted near Rs 22 earlier on Monday (about 14% over the cap price) with some trackers later at ~Rs 15, while Saatvik held around Rs 18 (roughly 4%).
• GK Energy’s Rs 464.26 crore issue (Rs 145–153 band) comprises Rs 400 crore fresh and Rs 64.26 crore OFS, with about Rs 322.5 crore earmarked for long-term working capital.
• Saatvik’s Rs 900 crore offer (Rs 442–465 band) includes Rs 700 crore fresh to fund a 4 GW module facility and repay subsidiary debt; allotments for both are due Sept. 24 with listings targeted for Sept. 26.