Gk Energy came to market through an IPO that opened on 19 September 2025 and closed on 23 September 2025, and the shares listed on 26 September 2025 on BSE, NSE. The price band was ₹145 to ₹153 per share and one lot was 98 shares, so the minimum application was ₹14,994. The issue size was ₹464.26 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
MUFG Intime India Pvt.Ltd was the registrar to the issue, and IIFL Capital Services Ltd, HDFC Bank Ltd were the lead managers.
As of 23 September 2025.
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Subsidiary in 2008, GK Energy Limited offers engineering, procurement and commissioning ("EPC") services for solar-powered agricultural water pump systems under Component B of the Central Government's Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan scheme (the "PM-KUSUM Scheme") based on the number of solar-powered pump systems installed under the PMKUSUM Scheme during the period January 1, 2022, to December 3, 2024.
The company provide farmers with an end-to-end single-source solution for the survey, design, supply, assembly and installation, testing, commissioning and maintenance of solar-powered pump systems. GK Energy have an asset-light business model currently. The company procure solar panels, pumps and other components of solar-powered pump systems under the brand "GK Energy" from various specialist suppliers. As of November 30, 2024, The company has 13 warehouses on lease, spread across three states.
GK Energy had 60 employees as of November 30, 2024.
As described in the offer document.
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GK Energy raises over Rs 139 crore from 12 anchor investors ahead of IPO. Pinebridge Global Funds, 360 ONE MF, HSBC MF, and Prashant Jain's 3P India Equity Fund invested Rs 22.5 crore each against 14.7 lakh shares each in the anchor book. Motilal Oswal AMC, Bandhan MF, Edelweiss, Nuvama, Citigroup, and Societe Generale were among other investors participated in the anchor book.
Gopal Rajaram Kabra, Mehul Ajit Shah. Promoter holding 93.29% before the issue and 78.64% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Gk Energy IPO was a ₹464.26 crore book-built issue, comprising a fresh issue of ₹400 crore and an offer for sale of ₹64.26 crore. It was priced at ₹145–₹153 per share with a lot size of 98 shares (₹14,994). The IPO was open from September 19 to September 23, 2025 and was subscribed 93.58x. Shares listed on BSE and NSE on September 26, 2025 at ₹171, a 11.8% premium to the issue price of ₹153. MUFG Intime India Pvt. Ltd.
is the registrar. IIFL Capital Services Ltd and HDFC Bank Ltd. are the book running lead managers.
The price band of Gk Energy IPO is ₹145 to ₹153 per share.
The lot size of Gk Energy IPO is 98 shares.
The minimum investment for Gk Energy IPO is approximately ₹14,994 based on the upper price band.
The allotment date of Gk Energy IPO is Sep 24, 2025.
Gk Energy IPO's final recorded GMP before listing was ₹19 per share (a 12% premium over the ₹153 upper price band). The shares listed at ₹171. GMP is unofficial and does not forecast or guarantee the actual listing price.
Gk Energy IPO listed on Sep 26, 2025. It was issued at ₹171.00(NSE) and is currently around ₹97.80 as on 2-Nov-2026 3:30 PM, which is approximately -36.1% versus issue price. The 52-week high is ₹222.00.
You can check Gk Energy IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Gk Energy IPO allotment status on Rupix for quick and easy access.
₹145 to ₹153 per share, against a face value of ₹2. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 98 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,994.
₹14,994, for one lot of 98 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 19 September 2025 and closed on 23 September 2025.
The basis of allotment was published on 24 September 2025 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 26 September 2025 on BSE, NSE.
The issue size was ₹464.26 crore. The fresh issue was 2,61,43,790 shares (aggregating up to ₹400 crore). The offer for sale was 42,00,000 shares (aggregating up to ₹64.26 crore).