The initial public offering (IPO) of GK Energy Ltd, a solar-powered agricultural water pump systems provider, has garnered 8.69 times subscription so far on the third day of share sale on Tuesday. As per NSE data, the public issue received bids for 19,27,18,176 shares against 2,21,80,828 shares on offer. The portion for non-institutional investors fetched 17.15 times subscription, while the quota for retail individual investors got subscribed 8.32 times. According to the data available at the time of writing, the qualified institutional buyers quota received 2.92 times the number of subscriptions.
GK Energy IPO GMP Today
According to Investorgain, the shares of GK Energy IPO command a strong premium in the grey market, with its GMP trading at Rs 20. This means that the estimated listing price of GK Energy IPO is likely to be ₹173, which is 13.07 per cent.
GK Energy IPO Price Band
The price band for the GK Energy IPO has been fixed at Rs 145-153 per share. The Rs 464-crore IPO will conclude today.
Ahead of the IPO, GK Energy said it has collected over Rs 139 crore from anchor investors.
What Does The Company Do?
The company is India's largest pure play provider of engineering, procurement and commissioning (EPC) services for solar-powered agricultural water pump systems. It offers farmers an end-to-end single source solution for the survey, design, supply, assembly, installation, testing, commissioning and maintenance of solar-powered pump systems.
GK Energy IPO Allotment Date
As per the data available, the basis of share allotment is likely to be finalised on September 24, 2025.
GK Energy IPO Listing Date
The shares of GK Energy are set to be listed on both NSE and BSE with the expected listing date of September 26, 2025.
IIFL Capital Services Ltd. is the book-running lead manager of the IPO, and MUFG Intime India Pvt. Ltd. is the registrar of the issue.
