Overview

• GK Energy's latest grey-market premium was Rs 18 at 8:00 a.m., implying an estimated listing near Rs 171, about 11.8% above the top of its band.
• Saatvik Green's premium was about Rs 10 at 7:30 a.m., indicating a debut near Rs 475, roughly 2% over its issue price.
• GK's offer was subscribed 89.62 times overall, including 186.29x by QIBs and 122.73x by NIIs, compared with 6.57x overall for Saatvik.
• Allotments were finalised on September 24 with share credits and refunds on September 25 for both issues ahead of the September 26 listings on the BSE and NSE.
• Use of proceeds differs: GK plans to fund long-term working capital, while Saatvik targets debt reduction, a subsidiary investment and general corporate purposes.