The primary market experienced notable activity this week with three initial public offerings (IPOs) launching on consecutive days. iValue InfoSolutions opened for subscription today at a price band of ₹284-299 per share, but there was a muted response from investors in the early hours.
By 10:15 AM, iValue’s ₹392 crore issue had recorded a subscription rate of just 0.02 times overall. Retail investors showed minimal interest, with a subscription rate of 0.04 times, while qualified institutional buyers bid for only 3,350 shares out of the 37.47 lakh shares reserved for them. The company, which operates in the IT sector, intends to utilize the raised funds through the issuance of fresh equity.
Two IPOs are scheduled to open tomorrow, September 19. Saatvik Green Energy, a solar module manufacturer, will launch its ₹900 crore offering priced at ₹442-465 per share. The company, which has an operational capacity of 4.8 GW, plans to allocate proceeds for debt repayment and further expansion of its manufacturing facilities in Odisha.
Simultaneously, GK Energy, an EPC provider specializing in solar-powered agricultural pump systems, will open its ₹464 crore IPO with an offer price of ₹145-153 per share. The Pune-based company has reduced its fresh issue size to ₹400 crore after securing ₹100 crore in pre-IPO funding from investors, including Valuequest and 360 ONE.
iValue InfoSolutions is set to close on September 22, while Saatvik Green Energy and GK Energy will conclude on September 23, with listings anticipated around September 26.
Published on September 18, 2025.
