Anchor lock-ins end for GK Energy, Saatvik Green; stocks trade below IPO price.
Summary
The anchor lock-in period for shares of GK Energy and Saatvik Green Energy has concluded, leading to the release of over 8 million shares into the market. Both companies' stocks are currently trading below their initial public offering (IPO) prices, despite strong oversubscription during their respective IPOs. This event is a routine market development concerning specific company stock performance and holds minimal relevance for competitive exam preparation.
Key Points
- 1Anchor lock-in periods ended for GK Energy and Saatvik Green Energy.
- 2Over 8 million shares were released into the market due to the lock-in expiry.
- 3Both GK Energy and Saatvik Green Energy stocks are trading below their IPO prices.
- 4GK Energy's IPO was subscribed 93.6 times during its offering.
- 5Saatvik Green Energy's IPO received nearly 7 times the overall demand.
Full Article
Anchor lock-ins for GK Energy and Saatvik Green Energy end today, releasing over 8 million shares into the market. Both stocks have fallen below their IPO prices despite strong listings and high subscription levels. GK Energy’s IPO was subscribed 93.6 times, while Saatvik Green drew nearly 7 times the overall demand.