Saatvik Green Energy IPO: Check Day 1 Subscription Status, GMP, Other Details

Saatvik Green Energy IPO GMP Today: Solar panel maker Saatvik Green Energy on Friday opened its initial public offering (IPO) to raise Rs 900 crore. The public bidding of the IPO will continue for three days till September 23, and the company has already mobilised Rs 269 crore from anchor investors. Also, in half an hour on the first day of public bidding (till 10:20 am), the mainboard IPO received 5 per cent subscription, garnering bids for 6,47,360 shares as against the 1,35,61,291 shares on offer.

The price band of the IPO, whose premium in the grey market (GMP) stands at nearly 14% currently, has been fixed at Rs 442 to Rs 465 apiece.

The IPO will remain open for public subscription between September 19 (Friday) and September 23 (Tuesday). Its allotment will be finalised on September 24 (Wednesday), while its listing will take place on both BSE and NSE on September 26 (Friday).