Today marks the end of the three‑month lock‑in for two newly listed small‑cap stocks, GK Energy and Saatvik Green Energy, freeing about 5 million shares for the market.
GK Energy shares become tradable
GK Energy, backed by Citigroup and Societe Generale, had about 5 million shares (roughly 2% of its total) locked until today. The stock opened at Rs 171 on its debut on September 26, a 12% premium to the issue price. Since then it fell below the issue price of Rs 153 and is now trading around Rs 151.85, down 37% from its high of Rs 239.
About GK Energy
Founded in 2008, GK Energy builds solar‑powered water‑pump systems for farms. It operates 12 warehouses across three Indian states. The company raised Rs 464 crore in its IPO, which was subscribed 93.58 times overall – retail investors 21.78 times, qualified institutional buyers 193.01 times, and non‑institutional investors 128.56 times.
Saatvik Green Energy shares become tradable
Saatvik Green Energy also saw its lock‑in end, releasing about 3 million shares. The stock listed flat on both the NSE and BSE, but is now down 33% from its peak of Rs 567 and 18% below the issue price.
About Saatvik Green Energy
Established in 2015, the company makes solar modules and provides EPC services. It runs two manufacturing plants in Ambala, Haryana, and started production in 2016. Its Rs 900 crore IPO included a fresh issue of Rs 700 crore and an offer‑for‑sale of Rs 200 crore. Overall subscription was 6.93 times, with qualified institutional buyers leading at 11.41 times.
What this means for retail investors
- Both stocks have dropped sharply from their peaks, offering lower entry points.
- The end of the lock‑in may bring more liquidity but also volatility as institutional holders can now sell.
- Investors should watch trading volumes and any news on the companies’ solar projects before deciding.
Remember, this is just an overview, not a recommendation. Do your own research and consider your risk tolerance before investing.