GK Energy IPO: GK Energy IPO fully subscribed on day 1, here’s what you should know

The initial public offering (IPO) of GK Energy Ltd witnessed an overwhelming response from investors, with the issue fully subscribed on the first day of bidding. The IPO opened on September 19.

As per NSE data, the issue was oversubscribed 1.03 times at 1:30 pm. Investors have bid for 2.29 crore shares against 2.21 crore shares on offer. The company aims to raise Rs 464.26 crore from the public offering.

GK Energy IPO subscription status:

The GK Energy IPO saw an oversubscription of 1.03 times on the first day of bidding, with Qualified Institutional Buyers (QIBs) subscribing 0.01 times, Non-Institutional Investors (NIIs) subscribing 1.15 times, and Retail Individual Investors (RIIs) subscribing 1.56 times. 

Specifically, QIBs took 42,434 shares out of 62.87 lakh reserved shares. NIIs took 54.99 lakh shares out of the 47.67 lakh allotted shares, and RIIs took 1.73 lakh shares out of the 1.11 lakh portion.

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GK Energy IPO details:

The GK Energy IPO has a three-day bidding window starting from today, September 19, 2025, and will close on September 23, 2025. The IPO aims to raise Rs 464.26 crore through a fresh issue of Rs 400 crore and an offer for sale of Rs 64.26 crore. The price band is Rs 145 to Rs 153 per share, with a lot size of 98 shares requiring a minimum investment of Rs 14,994. 

IPO size: Rs 464.26 crore, comprising a fresh issue of Rs 400 crore and an offer for sale of Rs 64.26 crore by promoters.

Price band: Rs 145 to Rs 153 per share.

Lot size: 98 shares.

Allotment date: September 24, 2025 (tentative)

Listing date: September 26, 2025, on BSE and NSE (tentative)

The company plans to use the funds for working capital and general corporate purposes.

Company profile:

GK Energy Limited specialises in engineering, procurement, and construction (EPC) for renewable energy projects, specifically solar-powered agricultural water pump systems under the PM-KUSUM Scheme. The company reported revenues of over Rs 1,095 crore in FY25, up from Rs 285 crore in FY23, with profits growing to Rs 133 crore in FY25.