GK Energy IPO Details
The key details of GK Energy’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹464.26 Cr |
| Price Range | ₹145 - ₹153 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 98 |
| Investment (cut-off price) | ₹14,994 |
| Pre IPO Promotor Holding | 93.29% |
| Post IPO Promotor Holding | 78.64% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
GK Energy IPO Timelines
The IPO process for GK Energy includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
19/09/2025
Start Date23/09/2025
End Date25/09/2025
Refund Initiation25/09/2025
Credit of Shares to Demat Ac26/09/2025
Listing DateGK Energy IPO Lot Size
The GK Energy IPO has a fixed lot size of 98 shares, at an upper price band of ₹153 per share. For retail investors, the minimum application is 98 shares (1 lot) amounting to ₹14,994, while the maximum is 1,274 shares (13 lots) worth ₹1,94,922. For Small HNI (S-HNI) investors, the minimum application is 1,372 shares (14 lots) worth ₹2,09,916, while the maximum is 6,468 shares (66 lots) amounting to ₹9,89,604. Big HNI (B-HNI) investors need to apply for at least 6,566 shares (67 lots), totaling ₹10,04,598.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 98 | ₹14,994 |
| Retail Maximum | 13 | 1274 | ₹1,94,922 |
| S-HNI Minimum | 14 | 1372 | ₹2,09,916 |
| S-HNI Maximum | 66 | 6468 | ₹9,89,604 |
| B-HNI Minimum | 67 | 6566 | ₹10,04,598 |
GK Energy IPO Subscription Status
The subscription status for GK Energy IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 193.01x | 128.56x | 21.78x | -- | 93.58x |
IPO Performance on Listing Day
On the listing day (September 26, 2025), GK Energy made a strong debut on the stock exchange. The stock opened at ₹171, securing an impressive premium of 11.8% over its issue price of ₹153. The energy company gained further momentum during early trading, reaching a day high of ₹174.70, before some profit-booking brought the stock down to a low of ₹165.00. The shares concluded their first trading day at ₹167.74, delivering a solid gain of 9.6% over the issue price, reflecting positive investor confidence in the energy sector and strong market appetite for energy solutions providers despite some intraday consolidation.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹171.00 | ₹167.74 | ₹174.70 | ₹165.00 |
GK Energy IPO Company Financials
GK Energy reports robust performance in FY2025 with Total Income of ₹1,099.18 crores, managing expenses at ₹918.91 crores, and achieving a strong PAT (Profit After Tax) of ₹133.21 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹70.63 | ₹68.53 | ₹1.56 |
| FY 2023 | ₹285.45 | ₹271.98 | ₹10.08 |
| FY 2024 | ₹412.31 | ₹364.04 | ₹36.09 |
| FY 2025 | ₹1,099.18 | ₹918.91 | ₹133.21 |
About Company
GK Energy Limited, incorporated in 2008, specializes in providing engineering, procurement, and commissioning (EPC) services for solar-powered agricultural water pump systems under Component B of the Central Government’s PM-KUSUM Scheme. Between January 1, 2022, and December 3, 2024, the company emerged as a leading installer of such systems under the scheme. It offers farmers a comprehensive, end-to-end solution encompassing survey, design, supply, assembly, installation, testing, commissioning, and maintenance of solar pump systems.
Operating under an asset-light business model, GK Energy sources solar panels, pumps, and other system components under its own brand from specialized vendors. As of November 30, 2024, the company leased 13 warehouses across three states and employed 60 staff members. This model allows it to efficiently manage operations while maintaining flexibility and scalability.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2008 | Energy | Gopal Kabra |
Know Before Investing
GK Energy IPO Strengths
- GK Energy is India’s leading pure-play EPC provider for solar-powered agricultural water pump systems, holding a 15% installation share in Maharashtra under the PM-KUSUM scheme.
- The company directly benefits from substantial government incentives (e.g., PM-KUSUM scheme) and state-level programs promoting solar irrigation, driving stable and recurring demand.
- Offers design, installation, commissioning, and maintenance of solar-powered pumps, providing turnkey solutions for both direct-to-farmer and institutional clients.
- Operates with decentralised infrastructure, 13 warehouses, and a workforce trained and sourced locally for high efficiency and customer responsiveness across five states.
- Positioned in a fast-growing sector focused on green energy and water efficiency, which aligns with climate change and sustainability goals.
- Empanelled under India’s Ministry of New and Renewable Energy, which increases credibility and access to government contracts.
GK Energy IPO Risks
- Despite high revenue and profit growth, the company faced negative cash from operating activities in recent periods due to a sharp rise in total expenses and working capital needs.
- Significant revenue derived from top customers; losing or delaying orders from a few key clients can impact overall financial performance.
- Large advance procurement of components and delayed project payment cycles require substantial working capital, potentially straining liquidity.
- The asset-light business depends on third-party vendors for solar components; disruption in supply chain, price volatility, or quality issues can affect project delivery.
- Very high growth rates and a ₹1,028 crore order book could put strain on systems, logistics, and quality control, leading to project delays or cost overruns.
- Business operations are exposed to monsoon patterns and region-specific government orders, creating uneven revenue and utilization in different quarters.
Swot Analysis for GK Energy IPO
Strengths
Rapid Revenue Growth, Robust Order Book, Asset-Light Model
Weaknesses
Supplier Dependency, Geographic Concentration, Order Cyclicality
Opportunities
Geographic Diversification, Sustainability & ESG Positioning, PM-KUSUM Scheme Expansion
Threats
Policy Volatility, Supply and Price Risks, Payment Delays
Company Details
GK Energy Ltd.
Office No. 802, CTS No. 97-A-1/57/2, Suyog Center, Pune-411037, Maharashtra, India
Phone: 020 – 24268111
Email: investors@gkenergy.in
Website: http://www.gkenergy.in/
IPO Registar Details
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: gkenergy.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
FAQs
The key objectives of GK Energy IPO are:
- Funding their long term working capital requirements
- General corporate purposes
IIFL Capital Services Ltd. , HDFC Bank Ltd. are the book-running lead managers for the GK Energy IPO.
GK Energy IPO shows strong growth potential with over 62,559 solar pump installations securing 7.37% market share under PM KUSUM. A robust order book of ₹1,028.96 crore ensures revenue visibility, while integration into panel manufacturing and supportive renewable policies enhance long term scalability and profitability.
The issue price for the GK Energy IPO is set between ₹145 to ₹153 per share.
To invest in one lot of GK Energy IPO, you need ₹14,210 at the lower price band (₹145 per share) or ₹14,994 at the upper price band (₹153 per share) for a lot size of 98 shares.
GK Energy IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on September 26, 2025.
Refund/unblocking of funds for GK Energy IPO will begin on September 25, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your GK Energy IPO shares on listing day (September 26, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.