GK Energy received final approval from SEBI for an IPO

Pune-based company, GK Energy, filed DRHP to SEBI for an IPO worth of ₹500 crore, comprising the fresh issue amount of 500 crore and OFS 84,00,000 equity shares by promoters.

Presently, it has final approval from SEBI for raising funds via IPO worth ₹500 crore of fresh issue and OFS 84,00,000 equity shares by promoters.

Indian Infoline Capital Services and HDFC Bank are the lead managers for the IPO, and the shares are planned to be listed on the Bombay Stock Exchange BSE and NSE. 

This company is one of the leading engineering, procurement, and commissioning (EPC) services for solar-powered agricultural water pump systems. Moreover, these solar-powered agricultural water pump systems are part of Component B of the Central Government’s PM-KUSUM scheme, and they also have the aim of supporting farmers. 

As a part of the Jal Jeevan Mission, GK Energy assists in setting up a water storage and distribution system and also provides various EPC Services. Additionally, they supply and install solar products for government agencies and offer rooftop solar solutions. 

This company is also involved in trading activities, selling PV cells, solar modules made by other companies, and related products.

Financially, GK Energy’s revenue ratio increased by 44.23% to 411.09 crore in 2024, while it was Rs 285.03 crore in 2023. The profit after tax also grew to 36 crore in 2024, in contrast to Rs 10 crore in 2023 respectively.

GK Energy IPO Prospectus:

GK Energy Company Financial Report

Amount ₹ in Crores

GK Energy IPO Valuation – FY2024

GK Energy IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group Comparison

Objects of the Issue

• Funding our long term working capital requirements
• General corporate purposes*#

IPO Lead Managers aka Merchant Bankers

• IIFL Capital Services Limited
• HDFC Bank Limited