IPO GMP Today Live: Saatvik Green Energy, GK Energy IPO Updates

The IPO market in India is heating up and is set to remain active for the coming days. Two important issues have been kept open for subscription today: Saatvik Green Energy and GK Energy; while investors await the allotment details for Euro Pratik Sales.

Saatvik Green Energy IPO Details

Company: Gurugram-based solar panel manufacturing

Issue Size: Rs 900 crore

Fresh Issue: Rs 700 crores

Offer-for-sale: Rs 200 crore (Promoters Parmod Kumar & Sunila Garg)

Price Band: Rs 442–465 per share

Subscription Period: September 19–23, 2025

Pre-IPO Anchor Book

Rs. 269.4 crore collected under the anchor book before IPO

Shares allotted: 57,93,547 shares at Rs 465 per share

Key Investors: HDFC MF, Nippon Life India, 3P India Equity Fund (Prashant Jain), Bandhan MF, SBI General Insurance, 360 ONE

Business Snapshot

India's leading solar PV module manufacturer with a capacity of 3.8 GW

Provision of EPC (Engineering, Procurement & Construction) and O&M (Operation & Maintenance) services

Use of Proceeds

Rs 177.3 crore: To repay debt

Rs 477.2 crore: Set up a 4-GW solar PV module plant at Ganjam, Odisha (through a subsidiary, Saatvik Solar Industries)

Balance would be for general corporate purposes

GK Energy IPO

Another issue opening for subscription today alongside Saatvik.

Pricing and issue size details are awaited; however, the stock has already started drawing investor attention in the SME energy segment.

Other IPOs on Focus This Week

Indian primary market is on fire with an aim to raise nearly Rs 5,000 crore from 22 IPOs (8 mainboard + 14 SME) next week.

Highlighting the mainboard:

Seshaasai Technologies – Rs 813 crore

Anand Rathi Share & Stock Broking – Rs 745 crore

Atlanta Electricals – Rs 688 crore

Epack Prefab Technologies – Rs 504 crore

Solarworld Energy Solutions – Rs 490 crore

Jaro Institute of Technology – Rs 450 crore

Ganesh Consumer Products – Rs 409 crore

Jinkushal Industries – Rs 116 crore

Markets Today- Outlook on Nifty and Sensex

Muted opening for Indian markets is expected on September 19 following a three-day winning streak.

Resistance for Nifty: 25,500

The sentiment remains supported by FII+DIIs buying and positive global cues after the US Fed cut rate.

Stocks to Watch Today

Vedanta, John Cockerill, Texmaco Rail, Unichem Labs, LT Elevator, Mobikwik, JSW Energy, Sasken, Waaree Energies

Key Takeaway

Saatvik Green Energy IPO worth Rs 900 crore opens today with strong anchor support.

GK Energy IPO opens as well, providing momentum to the renewable energy theme.

With 22 IPOs slated for next week, interest from retail and institutional investors into the primary market is at an all-time high.