GK Energy IPO: Issue Fully Subscribed On Day 1, GMP Declines

GK Energy IPO: GK Energy’s initial public offering (IPO) opened for public subscription on September 19, 2025. Within hours of the opening of bidding, the Rs 464.25-crore IPO was fully subscribed. As of 3:30 PM, it received an overall 2.18 times subscription over the shares on offer.

The Qualified institutional buyer (QIB) quota was subscribed 2.31 times, the non-institutional investor (NII) category got booked 1.82 per cent, while the retail investors’ category received 2.26 times.

GK Energy IPO GMP Today

GK Energy IPO’s grey market premium (GMP) has declined from Rs 45 above the issue price two days earlier to Rs 25 now, according to Investorgain. The IPO shares are being offered between Rs 145 and 153 per share in lots of 98 shares. At the upper price band, GK Energy shares are expected to list at Rs 178 per share, a premium of 16.34 per cent.

GK Energy IPO Key Details

Issue Size: Rs 464.26crore  

The GK Energy IPO includes a fresh issue of 26.10 million shares worth Rs 400 crore and an offer for sale (OFS) of 4.20 million shares worth Rs 64.26 crore.

Price Band: Rs 145-153

The GK Energy IPO shares are being offered between Rs 145 and 153 per share in lots of 98 shares.

Minimum Investment Required

The minimum investment required by retail investors to subscribe one lot of the issue comes to Rs 14,994.

Allotment Date: September 24

The basis of allotment of GK Energy IPO is expected to be finalised by September 24

Listing Date: September 26

GK Energy IPO shares will tentatively debut on the both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on September 26.

BRLMs, Registrar

The book-running lead manager of the issue is IIFL Capital Services, and the registrar is MUFG Intime.

GK Energy Financials

GK Energy's consolidated revenue from operations for the financial year ended March 31, 2025 (FY25) stood at Rs 1,094.82 crore, up from Rs 411.09 crore in FY24, and Rs 285.03 crore in FY23. Its profit after tax (PAT) came in at Rs 133.21 crore, up from Rs 36.09 crore in FY24, and Rs 10.08 crore in FY23.

About GK Energy Company

Incorporated in 2008, GK Energy provides engineering, procurement, and construction (EPC) services for solar-powered agricultural pump systems. The company offers end-to-end solutions from design to maintenance and follows an asset-light model, sourcing components from vendors under the “GK Energy” brand, according to its red herring prospectus (RHP).