Overview

• On the final subscription day, GK Energy was bid 7.83 times as of 10:18 a.m., led by NIIs at 14.51 times, with retail at 7.75 times and QIBs at 2.91 times for the Rs 464.26 crore offer priced at Rs 145–153.
• GK Energy’s latest grey market premium hovered near Rs 20 per share, implying roughly 13% listing gains, with allotment due Sept. 24 and a scheduled listing on Sept. 26.
• Saatvik Green moved from a weak start to full subscription by Day 2, though QIB interest remained minimal earlier, and its GMP slipped to about Rs 9–18, pointing to only modest listing upside.
• Saatvik plans to use proceeds mainly for a 4 GW solar PV module facility in Odisha and debt reduction, with allotment expected Sept. 24 and listing slated for Sept. 26.
• Elsewhere in the crowded window, Ganesh Consumer Products saw muted early bids and a GMP near Rs 10–12, as five mainboard IPOs together sought more than Rs 2,550 crore this week.