Saatvik Green Energy IPO GMP: Details

Saatvik Green Energy, a solar panel manufacturer, recently concluded its initial public offering, drawing significant attention from investors.

The IPO, which ran from September 19 to September 23, saw strong subscription levels across all categories.

Qualified Institutional Buyers (QIBs) subscribed 10.84 times, non-institutional investors 10.04 times, and retail investors 2.66 times.

With the IPO price band set at ₹465-₹478, the company’s shares are trading at a grey market premium of ₹13, reflecting growing investor confidence.

As allotments are finalized and the listing date approaches on September 26, investors are keen to understand allotment details, subscription trends, and the expected market debut of Saatvik Green Energy shares.

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Key Takeaways

1. Saatvik Green Energy IPO was highly subscribed, with QIBs and non-institutional investors leading demand.

2. The grey market premium today is ₹13, indicating a likely positive listing outcome.

3. Allotments are available through Kfin Technologies, BSE, and NSE portals for investors to check.

Saatvik Green Energy IPO Subscription and Allotment

The Saatvik Green Energy IPO raised strong interest from various investor categories. With nearly 11 times subscription by institutional buyers and 10 times by non-institutional participants, the IPO reflects confidence in the company’s business model.

Retail investors, while subscribing at a lower multiple of 2.66 times, also showed steady participation.

How to Check Allotment Status

Investors can verify allotment online through multiple portals:

On the Registrar Portal (Kfin Technologies Ltd):

• Visit Kfin Technologies IPO portal.

• Select “Saatvik Green Energy IPO” from the dropdown menu.

• Enter PAN, Demat account number, or application number.

• Click submit to view your allotment.

On BSE Portal:

• Go to BSE allotment section.

• Select ‘Equity’ and choose the IPO name.

• Enter application number or PAN.

On NSE Portal:

• Visit NSE IPO section.

• Sign up with your PAN, enter credentials, and verify allocation status.

Allotments will be credited to demat accounts on September 25, while refunds for non-allocated applicants will also begin the same day.

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Saatvik Green Energy IPO GMP and Grey Market Trends

The grey market premium (GMP) for Saatvik Green Energy today stands at ₹13. This indicates that investors are willing to pay ₹13 above the IPO price in unofficial trading.

Considering the upper price band of ₹465, the expected listing price is estimated at ₹478 per share, about 2.8% higher than the IPO price.

Grey Market Analysis

• Trend: The GMP has trended downward in recent sessions, with a minimum of ₹9 and a peak of ₹78.

• Investor Sentiment: A GMP of ₹13 reflects steady but cautious enthusiasm among market participants.

• Significance: Grey market premiums offer insight into investor readiness to pay over the issue price and anticipate listing gains.

While grey market activity provides a reference, actual market behavior on the listing date can vary depending on broader market conditions and investor demand.

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What Makes Saatvik Green Energy Attractive to Investors

Saatvik Green Energy specializes in solar panels and renewable energy solutions, catering to a growing market demand in India.

The company provides end-to-end services for solar systems, including design, supply, installation, and maintenance.

Key Highlights

• Market Leadership: Saatvik Green Energy is gaining attention as a reliable solar panel maker.

• Robust Investor Interest: Strong IPO subscription across institutional and retail segments.

• Growth Potential: Rising demand for solar energy in agriculture and urban applications positions the company for long-term expansion.

The IPO allows investors to participate in a sector benefiting from government incentives for renewable energy, positioning the company as a promising investment in the sustainable energy space.

Read Also: Vikram Solar IPO GMP:Taking A Look at Potential IPOs

Conclusion

Saatvik Green Energy’s IPO has demonstrated strong market interest, with substantial subscription across QIBs, non-institutional, and retail investors.

The grey market premium of ₹13 suggests a positive listing outlook, while allotment details can be checked through multiple online portals.

The company’s focus on solar energy solutions positions it well in a growing market with long-term potential.

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FAQ

When is the Saatvik Green Energy IPO allotment finalized?

Allotment is scheduled to be finalized on Wednesday, September 24.

How can I check my IPO allotment status?

You can check through Kfin Technologies, BSE, or NSE portals using PAN, Demat account, or application number.

What is the current grey market premium for Saatvik Green Energy?

The GMP today is ₹13, indicating investors are willing to pay above the IPO price.

When will allocated shares be credited to demat accounts?

Shares will be credited on Thursday, September 25.

What is the expected listing date for Saatvik Green Energy IPO?

The IPO is expected to list on the stock exchanges on Friday, September 26.

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