The allotment process for the GK Energy IPO is expected to be finalised today, September 24, 2025, and the company’s shares will be listed on both BSE and NSE. The tentative listing date is fixed as September 26, 2025. The bidding window for the GK Energy IPO is closing today, September 23, 2025, for public subscription.
[September 23, 2025, end of the day]
On Day 3, the GK Energy IPO saw a total subscription of 89.62 times. The Non-Institutional Investors (NII) category saw a subscription of 122.73x and the Qualified Institutional Buyers (QIB) category a subscription of 186.25x. Furthermore, the Retail Individual Investors (RII) category saw a subscription of 20.79 times.
GK Energy IPO is a bookbuilding of ₹464.26 crores. The issue is a combination of fresh issue of 2.61 crore shares and offer for sale (OFS) of 0.42 crore shares. The issue price band is set at ₹145 to ₹153 per share. The minimum lot size for an application is 98, and the minimum amount required for a retail investor is ₹14,210 (98 shares).
IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and HDFC Bank Limited are the book-running lead managers, and MUFG Intime India Private Limited (formerly Link Intime India Private Limited) is the registrar for the IPO.
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The Company will utilise the net proceeds from the issue for the following purposes:
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According to the InvestorGain Report, the Grey Market Premium (GMP) of GK Energy Ltd stood at ₹31 as of September 242025. The estimated listing price is expected to be ₹184 based on the upper price band of ₹153. The expected percentage gain per share is 20.26%.
Source: InvestorGain Report dated September 24, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
GK Energy Ltd is a Pune-based engineering, procurement, and commissioning (EPC) company specialising in solar-powered agricultural water pump systems. It provides end-to-end solutions, including survey, design, supply, installation, testing, commissioning, and maintenance under government schemes such as PM-KUSUM. It also undertakes related EPC work like solar dual water-pump systems, rooftop solar, and water storage/distribution projects.
Financially, GK Energy has delivered strong growth over the past three years. Its revenue rose from ₹285 crore in FY23 to ₹411 crore in FY24, and further surged to ₹1,094.8 crore in FY25. Profitability improved sharply as well, with PAT increasing from about ₹10 crore in FY23 to ₹36 crore in FY24, and reaching ₹133.2 crore in FY25.
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