Below IPO price, anchor lock-ins for Citigroup-backed GK Energy and Saatvik Green end today
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Three-month anchor lock-in period for Citigroup and Societe Generale-backed GK Energy ends today, with nearly 5 million or 2% of the outstanding shares now eligible for trade, according to Nuvama's estimates. Another smallcap stock, Saatvik Green Energy, will also see its mandatory institutional holding period lifted, releasing 3 million shares. Both stocks have declined sharply after hitting their respective peaks, despite delivering decent listing gains. Listed on September 26 at Rs 171 apiece (a 12% premium), GK Energy shares have slipped below the issue price of Rs 153 and are down 37% from their peak of Rs 239 on the NSE. On Tuesday, its shares closed at Rs 151.85. Incorporated in 2008, GK Energy Limited provides engineering, procurement and commissioning (EPC) services for solar-powered agricultural water pump systems. The Pune-headquartered company has 12 warehouses in three states as of August 30, 2025. GK Energy's Rs 464-...