By Martin Shwenk Leade
Copyright indiatimes
AgenciesGK Energy shares climbed 6.6% to ₹175.95, taking total IPO listing gains to nearly 15%.
Shares of GK Energy extended their post-listing gains on Friday, surging 6.6% to hit an intraday high of Rs 175.95 on the BSE. This fresh upmove comes after the stock listed with an 11.8% premium over its issue price of Rs 153 earlier in the day, taking total listing gains for IPO investors to nearly 15%.GK Energy’s robust debut reflects strong investor appetite, with its Rs 464 crore IPO subscribed 93.6 times overall, led by high institutional demand. The company had priced its IPO at Rs 153 per share, valuing it at a market capitalization of around Rs 3,103 crore at the upper end of the price band.The company intends to utilise the proceeds from the IPO to primarily fund working capital requirements amounting to Rs 322 crore, with the rest allocated for general corporate purposes.Analysts previously noted that despite being fully priced, GK Energy’s strong fundamentals, visible earnings trajectory, and healthy order book provide support for further upside potential.Financially, the company reported revenue of Rs 1,099 crore and profit after tax of Rs 133 crore in FY25, translating into a healthy PAT margin of 12.1%. EBITDA stood at Rs 200 crore, with strong return ratios — 63.7% ROE and 55.7% ROCE — underlining the company’s operational efficiency.Live EventsGK Energy is India’s largest pure-play provider of EPC services for solar-powered agricultural water pump systems under the PM-KUSUM scheme. Its asset-light business model and solid order book — valued at over Rs 1,028 crore as of August 2025 — have boosted investor confidence.Around 10:30 am, the shares of GK Energy were trading with overall gains of 13.4% at Rs 173.45 over its IPO price.Also read: Sun Pharma, Cipla & other pharma stocks crack up to 5% as Trump announces 100% tariff on imported patented drugs(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)Add as a Reliable and Trusted News Source Add Now!
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