Upcoming IPO: GK Energy Fixes Price Band For Rs 464.26 Cr IPO, Issue To Open On Sep 19
Ipo
For its initial public offering (IPO), GK Energy Limited has set the price band of Rs 145/- to Rs 153/- per equity share of face value Rs 2/- apiece. The GK Energy IPO is a Rs 464.26 crore book build issue that consists of an offer for sale (OFS) of 0.42 crore shares, totalling Rs 64.26 crores, and a fresh issue of 2.61 crore shares, totalling Rs 400.00 crores.
The offer will be live for subscriptions on Friday, September 19, 2025, and end on Tuesday, September 23, 2025. Investors may place bids for multiples of 98 equity shares following the minimum of 98 equity shares.
After covering IPO-related expenses, the remaining Rs 322.5 crore from the fresh issue’s proceeds would be used to support the company’s long-term working capital needs, with the remaining funds going towards general corporate objectives.
GK Energy IPO’s book-running lead managers are HDFC Bank Limited and IIFL Capital Services Limited (previously known as IIFL Securities Limited). The offer’s registrar is MUFG Intime India Private Limited.
Through the book-building process, the offer is being made, with qualified institutional buyers receiving no more than 50% of the net offer and non-institutional bids receiving no less than 15% and retail individual bidders receiving 35% of the offer, respectively.
On September 24, 2025, the allocation of shares for the GK Energy IPO is anticipated to be finalized. The proposed listing date for the GK Energy IPO is set for September 26, 2025, and it will be listed on the BSE and NSE.
With a total income of Rs 1,099.18 crore and profit after tax of Rs 133.21 crore for the fiscal year that ended on March 31, 2025, GK Energy Ltd. demonstrated strong profitability as per investorgain.com. With an EBITDA of Rs 199.69 crore, the company demonstrated good operating efficiency. With total assets of Rs 583.62 crore, a net worth of Rs 209.09 crore, and reserves and surplus of Rs 175.07 crore, its balance sheet is still stable. Total borrowings, on the other hand, were Rs 217.79 crore.
For solar-powered agricultural water pump systems, GK Energy is the largest pure-play supplier of engineering, procurement, and commissioning (EPC) services in India. For the survey, design, supply, assembly, installation, testing, commissioning, and maintenance of solar-powered pump systems, the company provides farmers with a comprehensive, one-stop shop. For the PM-KUSUM Scheme in Maharashtra, Haryana, Rajasthan, Uttar Pradesh, and Madhya Pradesh, the company has been approved as a vendor by the Ministry of New and Renewable Energy.
The company is also affiliated with a number of state government programs, including the Saur Sujala Yojana in Chhattisgarh, the Pradhan Mantri Krishak Mitra Surya Yojana in Madhya Pradesh, and the Magel Tyala Saur Krushi Pump Yojana in Maharashtra.