Overview

• GK Energy listed at Rs 171 on the NSE (up 11.76% from the Rs 153 issue price) and at Rs 165 on the BSE (up 7.84%).
• GK’s Rs 464.26 crore IPO was oversubscribed 89.62 times, with QIBs at 186.29x, NIIs at 122.73x, and retail at 20.79x.
• Proceeds for GK are primarily earmarked for long‑term working capital, with the remainder for general corporate purposes.
• Saatvik Green opened at Rs 465 on the NSE and Rs 460 on the BSE, then traded down to about Rs 447, roughly 4% below the issue price.
• Saatvik’s Rs 900 crore issue was subscribed 6.57 times, and funds will go to a 4 GW module plant in Gopalpur and to repay borrowings.