GK Energy IPO vs Indiqube Spaces IPO

Comparison between GK Energy IPO and Indiqube Spaces IPO.

IPO Details

GK Energy IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Indiqube Spaces IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of GK Energy IPO is up to ₹464.26 Cr whereas the issue size of the Indiqube Spaces IPO is up to ₹700.00 Cr. The final issue price of GK Energy IPO is ₹153.00 per share and of Indiqube Spaces IPO is ₹237.00 per share.

 GK Energy IPOIndiqube Spaces IPO
Face Value₹2 per share₹1 per share
Issue Price (Lower)₹145.00 per share₹225.00 per share
Issue Price (Upper)₹153.00 per share₹237.00 per share
Issue Price (Final)₹153.00 per share₹237.00 per share
Discount (Retail)
Discount (Employee)₹22.00 per share
Market Lot Size98 shares63 shares
Fresh Issue Size2,61,43,790 shares2,74,32,636 shares
Fresh Issue Size (Amount)up to ₹400.00 Crup to ₹650.01 Cr
OFS Issue Size42,00,000 shares21,09,704 shares
OFS Issue Size (Amount)up to ₹64.26 Crup to ₹49.99 Cr
Issue Size Total3,03,43,790 shares2,95,42,340 shares
Issue Size Total (Amount)up to ₹464.26 Crup to ₹700.00 Cr

IPO Timetable

GK Energy IPO opens on Sep 19, 2025, while Indiqube Spaces IPO opens on Jul 23, 2025. The closing date of GK Energy IPO and Indiqube Spaces IPO is Sep 23, 2025, and Jul 25, 2025, respectively.

 GK Energy IPOIndiqube Spaces IPO
Anchor Bid DateSep 18, 2025Jul 22, 2025
Issue OpenSep 19, 2025Jul 23, 2025
Issue CloseSep 23, 2025Jul 25, 2025
Basis Of Allotment (Tentative)Sep 24, 2025Jul 28, 2025
Initiation of Refunds (Tentative)Sep 25, 2025Jul 29, 2025
Credit of Share (Tentative)Sep 25, 2025Jul 29, 2025
Listing date (Tentative)Sep 26, 2025Jul 30, 2025
Anchor Lockin End date 1Oct 23, 2025Aug 26, 2025
Anchor Lockin End date 2Dec 22, 2025Oct 25, 2025

Financials & KPIs

GK Energy IPO P/E ratio is 20.29, as compared to Indiqube Spaces IPO P/E ratio of .

 GK Energy IPOIndiqube Spaces IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 2025
Assets583.62
Total Income1,099.18
Profit After Tax133.21
EBITDA199.69
NET Worth209.09
Reserves and Surplus175.07
Total Borrowing217.79
Amount in ₹ Crore

Company Financials (Restated)

Indiqube Spaces Ltd.'s revenue increased by 27% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets4,685.123,667.912,969.32
Total Income1,102.93867.66601.28
Profit After Tax-139.62-341.51-198.11
EBITDA660.19263.42258.23
NET Worth-3.11130.63-308.10
Reserves and Surplus-23.30129.44-308.28
Total Borrowing343.96164.02623.16
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)93.2970.37
Promoter Shareholding (Post-Issue)78.6460.23
P/E Ratio20.29
Market Cap₹3103.10 Cr.₹4977.12 Cr.
ROE63.71%-2.19%
ROCE55.65%34.21%
Debt/Equity0.74-110.58
EPS₹7.54₹-7.65
RoNW63.71%

Shares Offered

In the GK Energy IPO Retail Individual Investors (RII) are offered 1,06,20,327 shares while in Indiqube Spaces IPO retail investors are offered 1,06,20,327 shares. Qualified Institutional Buyers (QIB) are offered 60,68,758 shares in GK Energy IPO and 88,41,773 shares in Indiqube Spaces IPO.

 GK Energy IPOIndiqube Spaces IPO
Anchor Investor Reservation91,03,136 shares1,32,62,658 shares
Market Maker Reservation0 shares0 shares
QIB60,68,758 shares88,41,773 shares
NII45,51,569 shares44,20,885 shares
RII1,06,20,327 shares29,47,257 shares
Employee0 shares69,767 shares
Others
Total3,03,43,790 shares2,95,42,340 shares

Bids Received (Subscription)

GK Energy IPO subscribed 93.58x in total, whereas Indiqube Spaces IPO subscribed 13.00x.

 GK Energy IPOIndiqube Spaces IPO
QIB (times)193.01x15.12x
NII (times)128.56x8.68x
Big NII (times)144.08x8.35x
Small NII (times)97.51x9.34x
RII (times)21.78x13.28x
Employee (times)6.95x
Other (times)
Total (times)93.58x13.00x

Compare with others

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GK Energy IPO Vs Indiqube Spaces IPO