Bookbuilding IPO | ₹464 Cr | Listed at BSE, NSE | Fri, Sep 19, 2025 - Tue, Sep 23, 2025
GK Energy IPO is a book build issue of ₹464.26 crores. The issue is a combination of fresh issue of 2.61 crore shares aggregating to ₹400.00 crores and offer for sale of 0.42 crore shares aggregating to ₹64.26 crores.
GK Energy IPO bidding started from Sep 19, 2025 and ended on Sep 23, 2025. The allotment for GK Energy IPO was finalized on Sep 24, 2025. The shares got listed on BSE, NSE on Sep 26, 2025.
GK Energy IPO price band is set at ₹153 per share. The lot size for an application is 98. The minimum amount of investment required by an retail is ₹14,994 (98 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,372 shares), amounting to ₹2,09,916, and for bNII, it is 67 lots (6,566 shares), amounting to ₹10,04,598.
IIFL Capital Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to GK Energy IPO RHP for detailed Information.
IPO Open
Fri, Sep 19, 2025
IPO Close
Tue, Sep 23, 2025
Issue Price
₹153 per share
Market Cap (Pre-IPO)
₹3,103.10 Cr
| IPO Date | 19 to 23 Sep, 2025 |
| Listed on | Fri, Sep 26, 2025 |
| Face Value | ₹2 per share |
| Price Band | ₹145 to ₹153 |
| Issue Price | ₹153 per share |
| Lot Size | 98 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 3,03,43,790 shares (agg. up to ₹464 Cr) |
| Fresh Issue | 2,61,43,790 shares (agg. up to ₹400 Cr) |
| Offer for Sale | 42,00,000 shares of ₹2 (agg. up to ₹64 Cr) |
| Share Holding Pre Issue | 17,66,73,476 shares |
| Share Holding Post Issue | 20,28,17,266 shares |
| BSE Script Code / NSE Symbol | 544525 / GKENERGY |
| ISIN | INE1AG301022 |
GK Energy IPO offers total 3,03,43,790 shares. Out of which 1,51,71,894 (50.00%) allocated to QIB, 60,68,758 (20.00%) allocated to QIB (Ex- Anchor), 45,51,569 (15.00%) allocated to NII 1,06,20,327 (35.00%) allocated to RII and 91,03,136 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 1,51,71,894 (50.00%) | NA |
| − Anchor Investor Shares Offered | 91,03,136 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 60,68,758 (20.00%) | NA |
| NII (HNI) Shares Offered | 45,51,569 (15.00%) | NA |
| − bNII > ₹10L | 30,34,380 (10.00%) | 2,211 |
| − sNII < ₹10L | 15,17,189 (5.00%) | 1,105 |
| Retail Shares Offered | 1,06,20,327 (35.00%) | 1,08,370 |
| Total Shares Offered | 3,03,43,790 (100.00%) |
Investors can bid for a minimum of 98 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 98 | ₹14,994 |
| Retail (Max) | 13 | 1,274 | ₹1,94,922 |
| S-HNI (Min) | 14 | 1,372 | ₹2,09,916 |
| S-HNI (Max) | 66 | 6,468 | ₹9,89,604 |
| B-HNI (Min) | 67 | 6,566 | ₹10,04,598 |
GK Energy IPO raises ₹139.28 crore from anchor investors. GK Energy IPO Anchor bid date is September 18, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Sep 18, 2025 |
| Shares Offered | 91,03,136 |
| Anchor Portion (₹ Cr.) | 139.28 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Oct 23, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Dec 22, 2025 |
Incorporated in 2008, GK Energy Limited provides engineering, procurement and commissioning (“EPC”) services for solar-powered agricultural water pump systems under Component B of the Central Government’s Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan scheme (the “PM-KUSUM Scheme”) as measured by the number of solar-powered pump systems installed under the PMKUSUM Scheme in the period from January 1, 2022 to July 31, 2025.
The company offer farmers an end-to-end single-source solution for the survey, design, supply, assembly and installation, testing, commissioning and maintenance of solar-powered pump systems.
GK Energy currently operate an asset-light business model. The company sources solar panels, pumps and various other components of solar-powered pump systems under the “GK Energy” brand from different specialised vendors.
As of November 30, 2024, The company has 12 warehouses in three states as at August 30, 2025, and a localised workforce of 90 employees and 709 workmen as at March 31, 2025, which enable us to efficiently operate across broad geographic areas in five states.
| Period Ended | 31 Mar 2025 |
|---|---|
| Assets | 583.62 |
| Total Income | 1,099.18 |
| Profit After Tax | 133.21 |
| EBITDA | 199.69 |
| NET Worth | 209.09 |
| Reserves and Surplus | 175.07 |
| Total Borrowing | 217.79 |
| Amount in ₹ Crore | |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding our long term working capital requirements | 322.46 |
| 2 | General corporate purposes | 46.49 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 63.71% |
| ROCE | 55.65% |
| Debt/Equity | 0.74 |
| RoNW | 63.71% |
| PAT Margin | 12.12% |
| EBITDA Margin | 18.24% |
| Price to Book Value | 12.39 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.54 | 6.57 |
| P/E (x) | 20.29 | 23.3 |
| Promoter Holding | 93.29% | 78.64% |
| Market Cap | ₹3,103.10 Cr. |
The GK Energy IPO is subscribed 93.58 times on September 23, 2025 5:04:34 PM (Day 3). The public issue subscribed 21.78 times in the retail category, 193.01 times in the QIB category, and 128.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 193.01 | 60,68,759 | 1,17,13,23,342 |
| NII | 128.56 | 45,51,569 | 58,51,41,928 |
| bNII (bids above ₹10L) | 144.08 | 30,34,379 | 43,71,96,620 |
| sNII (bids below ₹10L) | 97.51 | 15,17,190 | 14,79,45,308 |
| Retail | 21.78 | 1,06,20,327 | 23,12,98,522 |
| Total | 93.58 | 2,12,40,655 | 1,98,77,63,792 |
Total Application : 22,02,364
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | |
| Assets | 214.08 | 142.82 | |
| Total Income | 412.31 | 285.45 | |
| Profit After Tax | 36.09 | 10.08 | |
| EBITDA | 53.83 | 17.18 | |
| NET Worth | 55.96 | 19.87 | |
| Reserves and Surplus | 54.66 | 18.57 | |
| Total Borrowing | 62.29 | 42.61 | |
| Amount in ₹ Crore | |||
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Managers and commissions (including underwriting commission, brokerage and selling commission) | 12.33 |
| 2 | Commission/processing fee for SCSBs and Bankers to the Offer and fee payable to the Sponsor Banks for Bids made by RIBs using UPI. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.37 |
| 3 | Fees payable to Registrar to the Offer | 0.30 |
| 4 | Printing and stationery expenses | 0.88 |
| 5 | Advertising and marketing expenses | 3.69 |
| 6 | Listing fees, SEBI fees, BSE and NSE processing fees, bookbuilding software fees, and other regulatory expenses | 5.41 |
| 7 | Fees payable to the Statutory auditors | 0.37 |
| 8 | Fees payable to the industry expert | 0.28 |
| 9 | Fees payable to the legal counsels | 7.29 |
| 10 | Miscellaneous | 4.12 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹153.00 | ₹153.00 |
| Open | ₹165.00 | ₹171.00 |
| Low | ₹165.00 | ₹165.00 |
| High | ₹175.95 | ₹174.70 |
| Last Trade | ₹167.75 | ₹167.74 |
Lead Manager Reports
GK Energy IPO is a main-board IPO of 3,03,43,790 equity shares of the face value of ₹2 aggregating up to ₹464 Crores. The issue is priced at ₹153 per share. The minimum order quantity is 98.
The IPO opens on Fri, Sep 19, 2025, and closes on Tue, Sep 23, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in GK Energy IPO using UPI as a payment gateway. Zerodha customers can apply in GK Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in GK Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The GK Energy IPO opens on Fri, Sep 19, 2025 and closes on Tue, Sep 23, 2025.
GK Energy IPO lot size is 98, and the minimum amount required for application is ₹14,994.
You can apply in GK Energy IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for GK Energy IPO will be done on Wednesday, September 24, 2025, and the allotted shares will be credited to your demat account by Thu, Sep 25, 2025. Check the GK Energy IPO allotment status.
The GK Energy IPO listing date is on Fri, Sep 26, 2025.
