Overview

• Saatvik Green Energy seeks Rs 900 crore at Rs 442–465 per share, while GK Energy targets about Rs 464 crore at Rs 145–153.
• Saatvik completed a Rs 269.4 crore anchor round at Rs 465 to nine funds; GK Energy raised Rs 139.27 crore from 13 anchors at Rs 153.
• Saatvik plans to invest Rs 477.23 crore in a 4 GW module plant at Gopalpur, Odisha, and repay subsidiary debt, with a small parent-level repayment.
• GK Energy intends to allocate roughly Rs 322.5 crore to long-term working capital, with the remainder for general corporate purposes.
• Unofficial grey-market premiums signal potential listing gains (Saatvik ~Rs 65; GK ~Rs 36–40), while brokers broadly advise subscribe with notes on valuation and execution risks.