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GK Energy IPO: The initial public offering (IPO) of GK Energy Limited concluded with strong demand from investors on the final day of bidding today, September 23. The issue closed with an oversubscription of 89.62 times, according to provisional exchange data. The company aims to raise Rs 464.26 crore from the public offering.

Investors made a bumper bid for 198.77 crore shares against the total of 2.21 crore shares offered, with Qualified Institutional Buyers (QIBs) subscribing 186.29 times, Non-Institutional Investors (NIIs) subscribing 122.72 times, and Retail Individual Investors (RIIs) subscribing 20.79 times.

Specifically, QIBs bid 117.13 crore shares against 62.87 lakh shares reserved, NIIs bid for 58.51 crore shares against the allotted 47.67 lakh shares and RIIs bid for 23.13 crore shares against the portion of 1.11 crore shares.

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GK Energy Ltd opened its IPO for public bidding on September 19, 2025, and will close today, September 23, 2025. The company aims to raise Rs 464.26 crore through a fresh issue of Rs 400 crore and an offer for sale (OFS) of Rs 64.26 crore. The price band for the IPO is set at Rs 145 to Rs 153 per equity share, with a lot size of 98 shares requiring a minimum investment of Rs 14,994. 

Price band: Rs 145 to Rs 153 apiece

Subscription period: From September 19 to September 23

Issue size: Rs 464.26 crores (fresh issue of Rs 400 crores and an OFS of Rs 64.26 crores)

Allotment date: September 24, 2025 

Listing date: September 26, 2025, on BSE and NSE

Lot size: Minimum bid of 98 shares, amounting to Rs 14,994 (based on the upper price band)

The company plans to utilise the IPO proceeds for working capital and general corporate purposes.

GK Energy Limited is an EPC provider of solar-powered agricultural water pump systems under the PM-KUSUM Scheme. Incorporated in 2008, the company reported revenues of over Rs 1,095 crore in FY25, up from Rs 285 crore in FY23, with profits growing to Rs 133 crore in FY25.

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Currently working as a trainee Sub-Editor at Zee Business, Shristi Rani is passionate about storytelling and delivering content that engages diverse audiences across digital platforms.

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