Overview

• Both mainboard issues opened on Sept 19 and close on Sept 23, with share allotments slated for Sept 24 and tentative listings on Sept 26 on the NSE and BSE.
• Saatvik Green Energy’s Rs 900 crore offer is priced at Rs 442–465, after raising about Rs 269 crore from anchors at Rs 465; proceeds are earmarked largely for a 4 GW module plant in Odisha and subsidiary debt reduction.
• Early signals for Saatvik showed a grey‑market premium near Rs 65 (implying roughly Rs 530) and initial Day‑1 bids around 5% of the shares on offer as per morning exchange tallies reported.
• Brokerages broadly issued Subscribe calls on Saatvik, citing rapid growth and capacity expansion plans, with post‑issue valuation around 27.6x FY25 earnings highlighted in multiple notes.
• GK Energy’s Rs 464.26 crore IPO is priced at Rs 145–153, raised about Rs 139.27 crore from anchors at Rs 153, shows a reported GMP of roughly Rs 36–40, and plans to use fresh funds for long‑term working capital in its solar pump EPC business under PM‑KUSUM.