By Priya Raghuvanshi

Copyright timesnownews

GK Energy opened its Initial Public Offering (IPO) on September 19, and today, September 23, is the last day to subscribe to the issue. The IPO has received a great response from the stock market investors. The issue was subscribed 9.90 times till September 23, 11:00 am. The IPO aims to raise Rs 464.26 crores through a combination of fresh issuance and an offer for sale. The fresh issue comprises 2.61 crore shares worth Rs 400 crores, while the offer for sale includes 0.42 crore shares valued at Rs 64.26 crores. The IPO is structured as a book-building issue, with shares priced at ₹153 each and a minimum lot size of 98 shares, requiring a retail investment of at least Rs 14,994. The IPO opened on September 19, 2025, and will close on September 23, 2025. The allotment results are expected by September 24, with shares slated to list on both the BSE and NSE around September 26, 2025. GK Energy IPO GMP GK Energy IPO’s last GMP stands at Rs 20 as of September 23, 2025, 10:00 am, according to the grey market tracking website, Investorgain. With a price band of Rs 153, the estimated listing price is Rs 173 (cap price plus today’s GMP), indicating an expected gain of approximately 13.07 per cent per share. Subscription and Share Allocation Breakdown GK Energy is allocating a total of 3.03 crore shares in this issue. Half of these shares (50 per cent) are reserved for Qualified Institutional Buyers (QIBs), 20 per cent for other QIBs excluding anchors, 15 per cent for Non-Institutional Investors (NIIs), and 35 per cent for Retail Individual Investors (RIIs). Anchor investors will take up 30 per cent of the total shares, amounting to 91 lakh shares, with an anchor portion valued at Rs 139.28 crores. Anchor bids closed on September 18, 2025, and the lock-in period for these shares ranges from 30 to 90 days. IIFL Capital Services Ltd. is managing the book-running process, while MUFG Intime India Pvt. Ltd. serves as the registrar. Company Background And Promoter Details Founded in 2008, GK Energy Ltd. specialises in providing engineering, procurement, and commissioning (EPC) services for solar-powered agricultural water pump systems. The company operates primarily under the Central Government’s PM-KUSUM scheme, which supports solar irrigation solutions for farmers. GK Energy offers an integrated service model, handling everything from design to installation and maintenance of solar-powered pump systems. Promoters Gopal Rajaram Kabra and Mehul Ajit Shah currently hold a combined 93.29 per cent stake in the company, which is expected to dilute to 78.64 per cent post-IPO. (Disclaimer: This article is meant solely for informational and educational purposes. The views and opinions expressed are those of individual analysts or brokerage firms and do not reflect the stance of Times Now. Readers are advised to consult certified financial experts before making any investment decisions.) Get Latest News live on Times Now along with Breaking News and Top Headlines from Business, Companies and around the world.