GK Energy IPO Allotment Live: Check status online on NSE, BSE and MUFG Intime India - Check GMP and more

The company has stated that the primary purpose of the IPO is to meet its working capital requirements. A portion of the proceeds will also be allocated towards IPO-related expenses and other general corporate purposes.

BMW Ventures Limited has launched its Rs 231.66 crore book-built IPO, consisting entirely of a fresh issue of 2.34 crore shares.

The lot size is set at 151 shares, requiring a minimum investment of Rs 14,949 for retail investors. Additionally, up to 73,099 shares are reserved for employees, offered at a Rs 70 per share discount.

The basis of allotment is expected to be finalized on September 29, with the company's shares likely to be listed on October 1. Sarthi Capital Advisors Pvt. Ltd. is serving as the book-running lead manager, while Cameo Corporate Services Ltd. is the registrar for the issue.

Would you like me to also create a quick fact-sheet style version (bullet points for issue size, price band, lot size, dates, etc.) for easier reference?

Founded in 2008, GK Energy Limited provides EPC services for solar-powered agricultural water pumping systems under the PM-KUSUM scheme. The company offers end-to-end solutions for farmers, including survey, design, installation, commissioning, and maintenance.

Adopting an asset-light model, GK Energy sources solar panels, pumps, and other components from specialized suppliers and markets them under its own "GK Energy" brand.

The Saatvik Green Energy IPO had a grey market premium (GMP) of Rs 13 on Friday, indicating that shares were trading Rs 13 above the issue price in the unofficial market, according to investorgain.com.

Based on the upper end of the IPO price band and the current GMP, the estimated listing price for Saatvik Green Energy shares is around Rs 478 per share, which is 2.8% higher than the IPO price of Rs 465.

Analysis of the past eight sessions of grey market activity shows a downward trend. The minimum GMP recorded was Rs 9, while the peak GMP reached Rs 78.

Note: The grey market premium (GMP) reflects the extra amount investors are willing to pay above the IPO price before the shares are officially listed.

How to Check Saatvik Green Energy IPO Allotment Status on BSE

Step 1:

Go to the IPO allotment section on the BSE website: https://www.bseindia.com/investors/appli_check.aspx

Step 2:

Under "Issue Type," select Equity.

Step 3:

From the "Issue Name" dropdown, choose Saatvik Green Energy IPO to view the allotment details.

If you've applied for the Saatvik Green Energy IPO, you can check your allotment status online via the registrar, Kfin Technologies Ltd. Follow these steps:

Step 1:

Go to the Kfin Technologies IPO status portal: https://ipostatus.kfintech.com/

You will see five different options to check your IPO status.

Step 2:

From the dropdown menu labeled "Select IPO," choose "Saatvik Green Energy IPO."

Step 3:

Enter one of the following details to view your allotment status:

PAN

Demat account number

Application number

Step 4:

Using Application Number: Enter your application number, the captcha code, and click Submit.

Using Demat Account Number: Enter your Demat account details, the captcha, and click Submit.

Using PAN: Enter your PAN, the captcha code, and click Submit.

Your allotment status will be displayed immediately after submitting the required details.

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Investors can check whether they have received shares and in what quantity by referring to the IPO's allotment criteria. A key factor in determining allotment is the total number of shares available. For applicants who did not secure any allocation, the refund process will commence on Thursday, September 25. Those who have been allotted shares will see them credited to their demat accounts the same day. The listing of Saatvik Energy shares on the stock exchanges is slated for Friday, September 26.

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Angel One has recommended a subscribe rating for the GK Energy IPO, citing strong growth prospects in India's solar pump market, which is being propelled by government initiatives such as the PM-KUSUM scheme and various state-level solar programs.

At the upper end of the price band, Rs 153 per share, the brokerage noted that GK Energy appears attractively valued, trading at a post-IPO P/E of 23.3x, which is lower than its industry peers.

"The company has delivered healthy financial results, with sharp growth in revenue and PAT during FY2024. A robust order book and its positioning in the expanding renewable energy space strengthen the outlook for sustained growth," Angel One said.

Founded in 2008, GK Energy delivers EPC services for solar-powered agricultural water pumping systems under the PM-KUSUM scheme. Adopting an asset-light model, the company sources panels, pumps, and other components from specialised suppliers and markets them under its "GK Energy" brand.

The Rs 400 crore GK Energy IPO-which opened on September 19 and closed on September 23-is also likely to see its allotment finalised today.

The solar panel manufacturer's IPO, which opened on Friday, September 19, and closed on Tuesday, September 23, witnessed a strong response. The issue was subscribed 6.57 times overall, led by Qualified Institutional Buyers (10.84 times), non-institutional investors (10.04 times), and retail investors (2.66 times).

The share allotment for Saatvik Green Energy's IPO is set to be finalised today (Wednesday, September 24). Investors can check their allotment status on the registrar's portal, Kfin Technologies Ltd.