Overview

• GK Energy’s offer entered Day 2 after a 2.57x Day 1 subscription with 57,079,120 bids against 22,180,828 shares on offer, within a Rs 145–153 price band for a Rs 464 crore issue.
• Saatvik Green’s IPO began Day 2 following a 0.59x Day 1 subscription, with a Rs 442–465 band for a Rs 900 crore issue and proceeds earmarked for a 4 GW module plant in Gopalpur and debt reduction.
• Grey market premiums reported on Sept. 22 indicated GK Energy at Rs 22 (~14% over the upper band), Saatvik at Rs 18 (~3.9%), and Solarworld at Rs 68 (~19.4%), which are speculative signals sourced from InvestorGain.
• Anchor allocations were completed before the opens, with GK Energy raising Rs 139 crore (9.103 million shares at Rs 153 to 13 investors) and Saatvik securing Rs 269 crore (5.794 million shares at Rs 465 to nine investors.
• Solarworld Energy Solutions opens Sept. 23 with a Rs 333–351 band for a Rs 490 crore offer, a subscription window through Sept. 25, and a tentative listing on Sept. 30 on BSE and NSE.