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GK Energy IPO: The initial public offering (IPO) of GK Energy Limited continues to receive bids on the second day of bidding today, September 22. The issue has been oversubscribed 6.41 times at the end of the session, as per provisional exchange data. The company aims to raise Rs 464.26 crore from the public offering.

Investors have bid for 14.22 crore shares against the total of 2.21 crore shares offered, with Qualified Institutional Buyers (QIBs) subscribing 2.90 times, Non-Institutional Investors (NIIs) subscribing 10.05 times, and Retail Individual Investors (RIIs) subscribing 6.84 times.

In simpler terms, QIBs bid 1.82 crore against 62.87 lakh shares, NIIs bid for 4.79 crore against 47.67 lakh shares and RIIs bid for 7.60 crore against 1.11 crore shares.

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As of day 1, the IPO was fully subscribed and concluded the day with the issue oversubscribed 2.57 times.

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

Price band: Rs 145 to Rs 153 per equity share

Bidding date: From September 19 to September 23

Issue size: Rs 464.26 crores, comprising a fresh issue of Rs 400 crores and an Offer for Sale 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 use the funds for working capital and general corporate purposes.

Incorporated in 2008, GK Energy Limited is an engineering, procurement, and commissioning (EPC) provider of solar-powered agricultural water pump systems under the PM-KUSUM Scheme. The company uses an asset-light model, procuring components from specialist vendors. 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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