GK Energy IPO subscribed 2.69x on Day 1

GK Energy IPO Subscription Status 

GK Energy IPO subscribed over 2.69x on its first day till 5.00 PM on 19 September 2025. 

• GK Energy IPO subscription QIB investors’ portion was 2.40 times, while NII subscribers subscribed 2.74 times, and RII investors subscribed 2.83 times. 
• The company has received bids for 5,70,78,826 shares against 2,12,40,655 on offer for the first-day subscription. 
• GK Energy IPO subscribed over 2.69x on its day 1.  

GK Energy IPO Subscription Status 

GK Energy Limited, founded in 2008, is one of the leading engineering, procurement, and commissioning (“EPC”) services for solar-powered agricultural water pump systems under Component B of the Central Government’s PM-KUSUM Scheme. Between January 1, 2022, and July 31, 2025, the company is one of the growing players in the number of solar pump systems installed under this scheme. 

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.

GK Energy Financial Report 

The company reported revenue of ₹412.31 crores in 2024 against ₹285.45 crores in 2023. The company reported a profit of ₹36.09 crores in 2024 against a profit of ₹10.08 crores in 2023.

GK Energy IPO GMP:  

GK Energy IPO GMP was ₹37 as of Friday, 19 September. That indicates the IPO is trading at ₹190 with a ₹37 premium in the grey market against the issue price of ₹153.