Overview

• Solarworld Energy Solutions’ Rs 490-crore IPO was subscribed 39.89 times as of mid-afternoon on Day 3, with allotment due September 26 and a tentative September 30 listing at a price band of Rs 333–351.
• Unregulated grey-market quotes for Solarworld hovered near Rs 56 on September 25, implying potential listing gains though such indicators are informal and volatile.
• GK Energy’s issue closed oversubscribed 89.62 times, with allotment and refunds around September 24–25 and a planned September 26 listing; grey-market indications were about Rs 31 per share.
• Saatvik Green’s offering was subscribed 6.57 times and is slated to list on September 26.
• The primary calendar remains crowded with nine simultaneous IPOs raising roughly Rs 5,440 crore, as Solarworld earmarks proceeds for a 1.2 GW TopCon plant in Madhya Pradesh and GK Energy targets working capital tied to PM-KUSUM projects.