Two new companies- GK Energy and Saatvik Green Energy- are set to make their Dalal Street debut on Friday, September 26 and both the companies are likely to deliver positive returns for the investors, if one goes by the latest grey market premium (GMP) signals for the issues. Both the issues were open for bidding between September 19-22 and will be listed on both BSE and NSE.
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GK Energy
Shares of GK Energy are likely to deliver a listing pop of 11-12 per cent for the investors considering its latest grey market premium of Rs 18 per share. However, the grey market premium stood around Rs 25-30 per share, when the issue was running for the bidding.
GK Energy offered its shares in the price band of Rs 145-153 per share with a lot size of 98 shares. The company raised a total