New Delhi, Sept. 25 -- The grey market premium (GMP) has hinted at a muted debut for Saatvik Green Energy shares, scheduled to list on Friday, September 26. The allotment for the initial public offering (IPO) was finalised on September 24, following the subscription window that opened on September 19 and closed on September 23. The IPO was offered at a price band of Rs.442 to Rs.465 per share.

The grey market premium (GMP) for Saatvik Green Energy IPO stood at Rs.7.5. This implied potential listing gains of around 1.61 percent, with shares expected to list at Rs.472.5 as against the upper price band of Rs.465.

Saatvik Green Energy's Rs.900 crore initial public offering (IPO) received a strong response from investors, with the issue subs...