IPO GMP Live Updates: Saatvik Green Energy’s Rs 900-crore issue opens September 19, with funds aimed at expanding its solar manufacturing and clearing debts, while VMS TMT IPO concludes today, showing strong oversubscription across retail, institutional, and non-institutional investors. Follow subscription numbers, grey market premiums, expert recommendations, and expected listing gains as these IPOs make their debut in the market.
Saatvik Green Energy IPO Launch Details
Saatvik Green Energy’s initial public offering (IPO) started on September 19 and will close on September 23. The IPO price band has been set between Rs 442 and Rs 465 per share, valuing the Haryana-based company at approximately Rs 5,910 crore at the upper price band.
GMP Signals Investor Interest
On Friday, the Saatvik Green Energy IPO GMP stood at Rs 65, indicating strong demand and a premium in the grey market, according to investorgain.com.
IPO Structure: Fresh Issue and Offer for Sale
The IPO comprises:
Fresh Issue: Rs 700 crore of new shares
Offer for Sale (OFS): Rs 200 crore from promoters
Fund Utilisation: Expansion and Debt Repayment
The capital raised from the fresh issue will be allocated as follows:
Rs 477.23 crore to Saatvik Solar Industries Private Limited for a 4 GW solar PV module manufacturing facility at Gopalpur Industrial Park, Odisha
Rs 166.44 crore for repayment or prepayment of existing subsidiary debts
Rs 10.82 crore to settle certain parent company loans
Remaining funds reserved for general corporate purposes
VMS TMT IPO Enters Final Day
The VMS TMT Limited IPO, which opened on 17 September 2025, closes its bidding today, 19 September 2025. The Rs 148.50 crore mainboard issue has generated strong interest across investor categories and the grey market. The IPO price band is Rs 94–99 per share.
Subscription Status: Strong Demand Across Segments
According to exchange data, the IPO has been subscribed 21.75 times in just two days:
Retail Investors: 18.98 times
Non-Institutional Investors (NII): 37.25 times
Qualified Institutional Buyers (QIB): 7.57 times
Grey Market Premium Signals Listing Gains
The VMS TMT IPO GMP stands at Rs 22 per share, indicating a potential 22% listing gain over the upper price band of Rs 99.