GK Energy IPO: The Indian stock market is set to welcome another exciting debut as GK Energy gears up for its Initial Public Offering (IPO). The company has fixed the IPO price band at Rs145 to Rs153 per equity share, each with a face value of Rs2. The issue will open on Friday, September 19, 2025, and close on Tuesday, September 23, 2025, giving investors a four day window to subscribe.
Fundraising and Offer Details
At the upper end of the price band, GK Energy aims to raise around Rs464 crore. The IPO is a mix of:
- Fresh issue of 2.61 crore shares worth about Rs400 crore
- Offer for Sale (OFS) of 0.42 crore shares valued at approximately Rs64.26 crore
The promoter selling shareholders include Gopak Rajaram Kabra and Mehul Ajit Singh. Ahead of the issue, the anchor book will open on September 18, and the final allotment is expected to be completed by September 24, with listing likely on September 26 on both BSE and NSE.
Investment Details for Retail Investors
The minimum application size is 98 shares per lot. For retail investors, this translates to a minimum investment of Rs14,994 at the upper price band. The company plans to utilize the fresh capital primarily for long term working capital requirements and general corporate purposes.
IIFL Capital Services and HDFC Bank are serving as the book-running lead managers, while LinkIntime India is acting as the registrar for the issue.
About GK Energy
GK Energy is a dedicated Engineering, Procurement, and Commissioning (EPC) provider specializing in solar-powered agricultural water pump systems. The company operates through two primary channels:
- Direct to Beneficiary Sales: Providing EPC services for GK Energy branded solar powered pump systems to farmers, facilitated via government run portals under schemes such as the Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan (PM KUSUM Scheme) and similar state level programs.
- Institutional Sales: Executing EPC services for solar powered pump systems through direct orders from institutional or private customers.
With India’s focus on renewable energy and sustainable agricultural practices, GK Energy is positioned as a key player in the solar water pump sector.
Final Thoughts
GK Energy’s IPO is drawing significant interest, especially given the government’s ongoing support for clean energy and rural development initiatives. While the offering looks promising for investors seeking long-term growth in the renewable energy sector, market watchers advise careful evaluation before subscribing.
Disclaimer: This article is for educational purposes only. The views and recommendations mentioned here are based on publicly available information and inputs from market analysts. Investors are strongly advised to consult with certified financial experts before making any investment decisions, as stock markets are subject to risks and volatility.
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