GK Energy & Saatvik Green Energy IPOs Gain Traction on Day 2 Amid Clean Energy Focus

Investor appetite for renewable energy plays remains robust as GK Energy and Saatvik Green Energy extend their IPO bidding periods. GK Energy's ₹465-crore offering leads with 4.18x oversubscription, fueled by strong retail (4.69x) and institutional demand (5.41x NIIs, 2.33x QIBs). The Pune-based solar pump manufacturer secured ₹139 crore from anchor investors ahead of its public debut.

Brokerages exhibit cautious optimism, with Angel One and Geojit endorsing long-term subscriptions despite valuation concerns. Government initiatives like PM-KUSUM and India's clean energy transition are driving fundamental interest, though operational cash FLOW challenges and sector competition warrant scrutiny.

Saatvik Green Energy's parallel offering trails in available data, but both listings signal growing capital markets confidence in India's renewable infrastructure plays. The capital raises come as global investors increasingly allocate to energy transition assets, though no direct cryptocurrency correlations emerge from these traditional market movements.