IPO Market Sees Mixed Response as iValue Opens Flat, Two New Listings Await

India's primary market witnessed subdued activity as iValue InfoSolutions' ₹392 crore IPO opened with tepid investor interest. The IT sector offering recorded just 0.02 times subscription by mid-morning, with retail participation at 0.04 times and qualified institutional buyers bidding for only 3,350 shares against the reserved 37.47 lakh shares.

Attention now shifts to tomorrow's dual listing day. Saatvik Green Energy, a solar module manufacturer with 4.8 GW operational capacity, aims to raise ₹900 crore at ₹442-465 per share. Simultaneously, GK Energy will launch its reduced ₹464 crore offering at ₹145-153 per share, having already secured ₹100 crore in pre-IPO funding from notable investors.

The contrasting performance highlights the selective appetite in India's IPO market, where sector fundamentals and pricing strategies increasingly dictate investor response. Solar energy offerings appear poised to test market sentiment following iValue's lukewarm debut.