On the last day, the GK Energy IPO was subscribed 93.58 times overall, the retail quota 21.78 times, the QIB 193.01 times, and the NII quota 128.56 times, respectively.
Details About GK Energy IPO
GK Energy got approval from SEBI for an IPO of ₹464.26 crores. This IPO consists of a fresh issue of ₹400 crores and offer for sale up to 42,00,000 equity shares with a face value of ₹2 each. Moreover, the company has set up a price band between ₹145 to ₹153 per share.
In this IPO, a total of 98 shares were available in 1 lot sizes for the minimum Retail category, and for the maximum retail category,1,274 shares in 13 lot sizes. While S-HNI (Min) has a total of 1,372 shares in 14-lot sizes.
S-HNI has a Maximum of 6,468 shares in 66 lot sizes. B-HNI Minimum 6,566 shares in 67 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,994 and maximum investment of ₹1,94,922.
- Small HNI (S-HNI): Minimum investment of ₹2,09,916.
- Small HNI: Maximum investment of ₹9,89,604.
- B-HNI Minimum: Minimum investment of ₹10,04,598.
Subscription duration of the GK Energy IPO
The GK Energy IPO opening date was September 19, 2025, and the closing date was September 23, 2025.
The allotment of GK Energy was finalized on September 24, 2025, while the IPO listing is on September 26, 2025.
About GK Energy IPO
GK Energy Limited was founded in 2008 and is one of the top companies providing engineering, procurement, and commissioning (EPC) services for solar-powered water pump systems used in farming. These systems are installed under Component B of the PM-KUSUM Scheme, a program run by the Central Government to promote solar energy in agriculture. From January 1, 2022, to July 31, 2025, GK Energy has become one of the fastest-growing companies in installing these solar pumps.
GK Energy is known to provide farmers with a one-stop solution for survey, design, supply, installation, testing, commissioning, and maintenance of solar-powered pump systems. Under the GK Energy brand, the company follows an asset-light model, purchasing solar panels, pumps, and other components for its solar-powered pump systems. As of August 30, 2025, the company has 12 warehouses in 3 states. With a workforce of 90 employees and 709 workmen, it enables efficient operations in five states.
Financial Background of GK Energy IPO
The company made ₹412.31 crores in revenue in 2024, up from ₹285.45 crores in 2023. Its profit also grew to ₹36.09 crores in 2024, compared to ₹10.08 crores in 2023.
