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GK Energy Limited IPO

GK Energy Limited IPO

IPO Date :
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Listed Price: ₹ 171.00 (+11.76%)

Following its successful public offering, GK Energy Limited's made its market debut on 26-09-2025 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 3,03,43,791 Shares in total capital, including 2,61,43,791 Shares in primary equity infusion and ₹64.26 Cr in secondary share sales.

The offering was structured with a price band of ₹145 to ₹153 and minimum investment lots of 98 shares. Investor participation during the subscription window from 19-09-2025 to 23-09-2025 demonstrated market confidence in the company's prospects.

The allotment process concluded on 24-09-2025, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.

GK Energy IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
GK Energy IPO Key Performance Indicator
Company Financials ( In Crores )

GK Energy IPO About Company

GK Energy primarily provides Engineering, Procurement, and Commissioning (EPC) services for solar-powered agricultural water pump systems, catering mainly to farmers in India. The company operates under Component B of the PM-KUSUM Scheme (Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan). Acting as a comprehensive one-stop solution, GK Energy manages the entire process, including surveying, designing, supplying, assembling, installing, testing, commissioning, and maintaining systems. Its business model is asset-light, as the company does not own major manufacturing facilities but instead focuses on project management, integration, and service delivery. All key components, such as solar panels and pumps, are procured from specialized third-party vendors and supplied under the “GK Energy” brand. To support its operations, the company leases 13 warehouses across three Indian states and employs a workforce of 60 people, as of November 30, 2024.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


GK Energy IPO Strength Factors

  1. Leading Position in Solar EPC – Commands approximately 15% share in Maharashtra’s solar pump market under PM-KUSUM.
  2. Robust Order Book – Secured projects worth ₹10,289.64 million across pump and rooftop solar segments, providing strong revenue visibility.
  3. Wide Operational Footprint – Decentralized operations with 12 warehouses, 90 employees, 709 workmen, and dedicated customer support systems for efficient execution.

GK Energy IPO Risk Factors

  1. High Revenue Dependence – More than 90% of revenue comes from solar pump EPC projects, increasing concentration risk.
  2. Cash Flow Pressure – Delays in receivables and recent net cash outflows from operations may strain liquidity.
  3. Reliance on External Financing – Business growth and daily operations are heavily dependent on working capital funding.

GK Energy IPO Lead Manager(s)

  • Hdfc Bank Limited
  • IIFL Securities Limited

GK Energy IPO Promoter(s)

  1. Gopal Rajaram Kabra
  2. Mehul Ajit Shah

GK Energy IPO Company Details

GK Energy Limited
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GK Energy IPO Registrar

Link Intime India Private Ltd (MUFG)
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GK Energy IPO FAQs