Tue Sep 23 04:40:00 UTC 2025: ## GK Energy IPO Sees Strong Subscription, Listing Expected Sept 26

**Mumbai, September 23, 2025** – GK Energy Ltd, a Pune-based EPC company specializing in solar-powered agricultural water pump systems, is experiencing strong investor demand for its Initial Public Offering (IPO). The IPO, which opened on September 19, 2025, and closes today, September 23, 2025, has been subscribed 6.41 times as of yesterday, according to NSE data.

The strong subscription is driven by robust interest across all investor categories. The Retail Individual Investors (RII) portion was subscribed 6.84 times, while Non-Institutional Investors (NII) oversubscribed by 10.05 times. Qualified Institutional Buyers (QIBs) have also shown considerable interest, subscribing 2.90 times.

The ₹464.26 crore IPO comprises a fresh issue of 2.61 crore shares and an offer for sale (OFS) of 0.42 crore shares. The price band is fixed at ₹145 to ₹153 per share, with a minimum lot size of 98 shares, requiring a minimum investment of ₹14,210 for retail investors.

The allotment process is expected to be finalized on September 24, 2025, and the shares are tentatively scheduled to list on both the BSE and NSE on September 26, 2025.

IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and HDFC Bank Limited are acting as the book-running lead managers for the IPO. MUFG Intime India Private Limited (formerly Link Intime India Private Limited) is the registrar.

GK Energy plans to utilize the net proceeds from the IPO to fuel its growth initiatives, focusing on expansion within the renewable energy sector.

According to Investorgain, the Grey Market Premium (GMP) for GK Energy shares stood at ₹25 as of September 22, 2025. This suggests a potential listing price of ₹178 per share, based on the upper price band of ₹153, translating to an expected gain of 16.34% per share. *[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 has demonstrated strong financial performance in recent years, with revenue climbing from ₹285 crore in FY23 to ₹1,094.8 crore in FY25. Net profit after tax (PAT) also saw significant growth, increasing from approximately ₹10 crore in FY23 to ₹133.2 crore in FY25. The company benefits from government schemes like PM-KUSUM, providing end-to-end solar powered water pump solutions.

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