Overview

• GK Energy opened at Rs 171 on NSE and Rs 165 on BSE versus the Rs 153 issue price, while Saatvik Green started at Rs 465 on NSE and Rs 460 on BSE against a Rs 465 issue price and moved lower soon after.
• By the close, GK Energy finished at Rs 167.74 on NSE, up 9.63% from the issue price, as Saatvik Green ended at Rs 440.70 on NSE, down 5.22%.
• GK Energy’s Rs 464.26 crore issue was subscribed 89.62 times overall, including 186.29x by QIBs, 122.73x by NIIs, and 20.79x by retail; Saatvik’s Rs 900 crore offer drew 6.57x overall with QIBs at 10.84x, NIIs at 10.04x, and retail at 2.66x.
• GK plans to deploy most of its fresh proceeds toward long-term working capital for its solar pump EPC business, whereas Saatvik earmarked about Rs 477.23 crore to build a 4 GW PV module plant in Gopalpur and set aside funds for debt repayment and general purposes.
• Pre-listing grey market signals broadly foreshadowed outcomes—about Rs 18 for GK and roughly Rs 10 for Saatvik—though these informal indicators are volatile and not authoritative.