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GK Energy Ltd. 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 ₹153.00 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 Date | September 19, 2025 to September 23, 2025 |
| Listing Date | September 26, 2025 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹145 to ₹153 per share |
| Issue Price Final | ₹153 per share |
| Lot Size | 98 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 3,03,43,790 shares (aggregating up to ₹464.26 Cr) |
| Fresh Issue | 2,61,43,790 shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 42,00,000 shares of ₹2 (aggregating up to ₹64.26 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 17,66,73,476 shares |
| Share Holding Post Issue | 20,28,17,266 shares |
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 | Maximum 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%) |
GK Energy IPO raises ₹139.28 crore from anchor investors. GK Energy IPO Anchor bid date is September 18, 2025. GK Energy IPO Anchor Investors list
| Bid Date | September 18, 2025 |
| Shares Offered | 91,03,136 |
| Anchor Portion Size (In Cr.) | 139.28 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 23, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 22, 2025 |
GK Energy IPO opens on September 19, 2025, and closes on September 23, 2025.
| IPO Open Date | Fri, Sep 19, 2025 |
| IPO Close Date | Tue, Sep 23, 2025 |
| Tentative Allotment | Wed, Sep 24, 2025 |
| Initiation of Refunds | Thu, Sep 25, 2025 |
| Credit of Shares to Demat | Thu, Sep 25, 2025 |
| Tentative Listing Date | Fri, Sep 26, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 23, 2025 |
Investors can bid for a minimum of 98 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | |
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 |
| Market Capitalization | 3103.10 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.54 | 6.57 |
| P/E (x) | 20.29 | 23.3 |
The Company GK Energy IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding our long term working capital requirements | 322.46 |
| 2 | General corporate purposes | 46.49 |
[Dilip Davda] GEL is India’s largest pure play provider for solar pump EPC and rooftop modules. The company posted robust growth in its top and bottom lines since FY24 onwards. As of August 15, 2025, it had orders on hand worth Rs. 1028+ cr. Based on its recent financial data; the issue appears fully priced. Investors can park funds for medium to long term. Read detail review...
| 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 | |||
| Listing Date | September 26, 2025 |
| BSE Script Code | 544525 |
| NSE Symbol | GKENERGY |
| ISIN | INE1AG301022 |
| Final Issue Price | ₹153 per share |
| NSE Listing Group | EQ (Rolling) |
| 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 |
GK Energy Ltd.
Office No. 802,
CTS No. 97-A-1/57/2,
Suyog Center,
Pune, Maharashtra, 411037
Phone: 020 - 24268111
Email: investors@gkenergy.in
Website: http://www.gkenergy.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: gkenergy.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
GK Energy IPO is a main-board IPO of 3,03,43,790 equity shares of the face value of ₹2 aggregating up to ₹464.26 Crores. The issue is priced at ₹153 per share. The minimum order quantity is 98.
The IPO opens on September 19, 2025, and closes on September 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 September 19, 2025 and closes on September 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 Thursday, September 25, 2025. Check the GK Energy IPO allotment status.
The GK Energy IPO listing date is on Friday, September 26, 2025.
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