GK Energy IPO Day 3: Issue Subscribed 12.40x So Far, GMP at ₹20
The bidding window for the GK Energy IPO is closing today, September 23, 2025, for public subscription. The allotment process is expected to be finalised on September 24, 2025, and the company’s shares will be listed on both BSE and NSE. The tentative listing date for GK Energy IPO is fixed as September 26, 2025.
GK Energy IPO Day 3 Subscription Status
[September 23, 2025, 11:45 A.M]
On Day 3, the GK Energy IPO saw a subscription of 12.40 times, as per the NSE data. The IPO was subscribed 10.17 times in the Retail Individual Investors (RII) category, 29.43 times in the Non-Institutional Investors (NII) category and 3.43 times in the Qualified Institutional Buyers (QIBs) category.
GK Energy Ltd - IPO Details
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 IIFL Securities Limited) and HDFC Bank Limited are the book-running lead managers. At the same time, MUFG Intime India Private Limited (formerly Link Intime India Private Limited) serves as the registrar for the IPO.
Check out newly Listed IPOs on BSE and NSE.
Utilisation of Proceeds
The Company will utilise the net proceeds from the issue for the following purposes:
- Funding the long-term working capital requirements.
- General Corporate Purposes.
Explore other Upcoming IPOs on BSE and NSE.
GK Energy Ltd - GMP Details
According to NDTV Profit, the Grey Market Potential (GMP) of GK Energy Ltd stood at ₹20 as of September 23, 09:00 a.m. The estimated listing price is expected to be ₹173 based on the upper price band of ₹153. The expected percentage gain per share is 13.07%.
|
Source: NDTV Profit Media Report dated September 23, 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. |
About GK Energy Ltd
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.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
To read the RA disclaimer, please click here.