GK Energy IPO GMP Indicates Debut With Decent Listing Gains - Check Steps To View Allotment On MUFG Intime India, NSE and BSE

GK Energy IPO GMP: GK Energy IPO subscription window closed on September 23. The engineering, procurement and commissioning service provider’s public issue witnessed strong demand in the three-day bidding window as it was booked over 89 times across categories. The share allotment status of GK Energy IPO will be finalised today on September 15.

GK Energy IPO GMP 

GK Energy shares are trading with a grey market premium (GMP) ranging from (Rs 23 to Rs 31) on September 24 according to websites which track grey market activity. GK Energy IPO price band ranges between Rs 145 to Rs 153. The GMP indicates a listing with robust gains of 20 per cent at Rs 184 apiece.

GK Energy IPO Allotment

GK Energy IPO applicants can view the share allotment status of their application on the registrar MUFG Intime India Pvt Ltd website. The share allotment status of the solar EPC service provider can also be viewed on the BSE and NSE websites:

How To View GK Energy IPO Allotment On NSE

• Go to the NSE website via this link 

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids 

• Choose ‘Equity IPO bid details’ from the options on screen

• Choose 'GK Energy' from the list 

• Enter your IPO application number

• Click the 'submit' button 

• The allotment status of your application for GK Energy IPO will be shown on screen

How To Check GK Energy IPO Allotment Status On BSE Website

• Visit the BSE website’s IPO application status viewing webpage
  https://bseindia.com/investors/appli_check.aspx. 

• A menu showing various issue types will be shown on screen

• Choose ‘Equity’ from the menu shown on screen

• Select 'GK Energy' from list of IPOs 

• Type in your IPO application number or PAN details

• Select 'Search'

• The share allotment status will be shown on screen

How to View GK Energy IPO Share Allocation Status On MUFG Intime India

• Visit the official MUFG Intime India public issues website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

• Go to the dropdown menu under "Please select company," 

• Choose ‘GK Energy IPO’

• Choose any one of the options shown to identify yourself:

• PAN (Permanent Account Number), Application Number, DP/Client ID (Depository Participant)

• Type in the corresponding details in the box below your selection.

• Click the "Submit" button to see your allotment status.

GK Energy IPO Subscription Details

GK Energy IPO was booked 89.62 times on September 24. Cumulatively investors applied for over 1.98 billion shares against the 22.18 million shares offered for subscription.

GK Energy IPO’s retail portion was subscribed 20.79 times as investors placed bids for over 23.13 million shares against the 11.12 million shares set aside for the category.

Non-Institutional Investors (NIIs) applied for over 58.51 million shares of GK Energy compared to the 4.76 million offered for subscription for the category, leading to the mainboard issue being booked 122.73 times.

The Qualified Institutional Buyers (QIBs) oversubscribed their quota in the GK Energy IPO 186.29 times. QIBs investors placed bids for over 1.17 billion shares compared to the 6.28 million shares reserved for them. 

GK Energy IPO Details

GK Energy IPO is worth Rs 464.26 crore and consists of a fresh issuance of 26.1 million shares along with an offer-for-sale of 4.2 million shares. GK Energy IPO price band was fixed at Rs 145 to Rs 153 per share. The minimum lot size for retail individual investors interested in applying for GK Energy IPO was fixed at 1 lot or 98 shares aggregating to an investment of  Rs 14,994.

GK Energy IPO Listing date

Once the basis of allotment for GK Energy IPO is finalised on September 24, refunds will be initiated for unsuccessful bidders on September 25. Successful allottees will receive shares of the solar EPC company in their demat accounts on September 26. Shares of GK Energy will debut on the NSE and BSE.  GK Energy shares will make their Dalal Street debut on September 26.