The IPOS of GK Energy and Saatvik Green Energy Entred Their Second Day of Bidding on September 22, 2025, Attracting Significant Attention from Retail and Institutional Investors.
GK Energy IPO
GK Energy’s ₹ 465-Crore IPO, Price in the range of ₹ 145‑153 per share, received robust response so far on day 2 with 4.18 time subscription. The Non‑institational Investors Subscribed 5.41 Times, Retail Investors Contributed about 4.69 times and QIBS 2.33 Times (at 12 Noon).
The pune-based firm garnered ₹ 139 Crore from Anchor Investors. The IPO Comprises of Fresh Issue of Shares Worth ₹ 400 Crore and An Offer-For-Sale (ofs) of 42 Lakh Equity Shares, Wort ₹ 65 Crore at the upper end. The minimum lot size is 98 shares. IIFL Capital Services and HDFC Bank are the Book-Running Lead Manners to the offer.
Proceeds from the fresh issue will be utilized for funding the company’s long-term working capital requires and for general corporate purposes.
Brokerages, Including Angel One and Geojit, General Recommend Subscribing for Long-Term Investors, Citing Growth Prospects in Solar Pumps and LED PM-LED PM-Kusum Sachmes, Thoughtsum High Valuations, Negative Operating Cash Flows, and Competitive Pressures. Some analysts cited attractive Valuation and Strong Growth Prospects AMID India’s Clean Energy Push.
Saatvik Green Energy IPO
Saatvik Green Energy IPO, Having Price Band of ₹ 442‑465 per share with a total issue size of ₹ 900 Crore, recorded a modest subscription of 86 per cent. Retail Investors LED with 1.27 Times Subscription, Non-Institutional Investors 0.99 Times, and Qibs Saw Tepid Subscription of 0.01 Times at 12.06 PM on September 22.
Ahead of the IPO, the company mobilised ₹ 269 Crore from Anchor Investors. The IPO is a combination of fresh issue of Shares Worth ₹ 700 Crore and An Offer for Sale (ofs) of ₹ 200 Crore by promoters. The minimum lot size is 32.
Proceeds will be invested in saatvik solar industries private limited for Repayment or Prepayment of its outstanding borrowings, and for general corporate purposes.
Dam Capital Advisors, Ambit, and Motilal Oswal Investment Advisors are the Book-Running Lead Manager to the issue.
Analysts recommend a cautious subscribe, highlighting strong revival and profit growth in solar mood Relatively rich valuations.
The iPos allotment is scheduled for September 24, 2025, following the conclusion on September 23, 2025, with listing on nse and bse expected on September 26, 2025.
While GK Energy Shows Consistency Demand and Strong Investor Confidence, Saatvik Green Energy’s Slower Subscription, Especially Among Institutional Investors, Signals Potential Risks.
For long-term investors willing to take on sector-specific extra Subscription and Market Sentiment.
Published on September 22, 2025