Here are the details for GK Energy’s IPO (India, September 2025) — when it’s open, how it’s structured, pros & cons etc. If you want, I can also pull up the full prospectus.
Key Facts & Dates
| Item | Detail |
|---|---|
| Company | GK Energy Ltd (EPC provider for solar-powered agricultural water pump systems under government schemes) |
| IPO Open Date | 19 September 2025 |
| IPO Close Date | 23 September 2025 |
| Allotment Date | 24 September 2025 |
| Refunds & Demat Credit | 25 September 2025 |
| Listing Date | 26 September 2025 on NSE & BS |
Issue Size & Price
| Item | Detail |
|---|---|
| Total Issue Size | ~ ₹ 464.26 crore |
| Fresh Issue | ~ ₹ 400 crore |
| Offer for Sale (OFS) | ~ ₹ 64.26 crore |
| Price Band | ₹ 145 to ₹ 153 per equity share (face value ₹ 2) |
| Minimum Application Lot | 98 shares, so at upper band approx ₹ 14,994 |
Allocation / Share Reservation
| Investor Category | % of Net Offer |
|---|---|
| QIB (Qualified Institutional Buyers) | 50% |
| HNI / NII (Non-Institutional Investors) | 15% |
| Retail Investors | 35% |
Company Financials (Recent)
| Period | Revenue | Profit After Tax |
|---|---|---|
| FY 2022-23 | ~ ₹285.45 crore | ~ ₹10.08 crore |
| FY 2023-24 | ~ ₹412.31 crore | ~ ₹36.09 crore |
Use of Proceeds
- Primarily for long-term working capital requirements.
- General corporate purposes.
Strengths & Risks (My Take)
Strengths
- Operating in a government-backed subsidy scheme (PM-KUSUM etc) for solar agriculture pumps, which gives predictable demand.
- Strong recent growth in revenue & profit.
- Decent issue size, good access for retail.
Risks
- Heavy dependence on government schemes/subsidies — any change or delay in subsidy policy could hurt earnings.
- Concentration in certain states may mean regional policy or execution risk.
- Margin risks (input cost, logistics) etc.
GK Energy IPO — Numbered Frequently Asked Questions
1. What is GK Energy’s business?
GK Energy Ltd is an EPC (Engineering, Procurement, & Construction) provider for solar-powered agricultural water pump systems. It works under government schemes such as PM-KUSUM and also does installations under the Jal Jeevan Mission, does solar rooftop, trading of solar modules etc.
2. What is the IPO size (issue size) of GK Energy?
Initially, the IPO was proposed with a fresh issue of ₹500 crore and an Offer for Sale (OFS) of 84 lakh equity shares. The Economic Times+2mint+2 However, because of a pre-IPO placement of ₹100 crore, the fresh issue got reduced to ₹400 crore.
3. What is the price band and lot size?
- Price band: ₹145 – ₹153 per share.
- Lot size (minimum application for retail): 98 shares, which corresponds to about ₹14,994 at the upper band.
4. How is the IPO allocated among investor types?
- Qualified Institutional Buyers (QIBs): 50% of the net offer
- Non-Institutional / High Net Worth Individuals (NIIs / HNIs): 15%
- Retail Individual Investors: 35%
5. What is the purpose/use of the IPO proceeds?
- A major portion (≈ ₹422.46 crore before pre-IPO adjustment) from the fresh issue is earmarked for long-term working capital requirements.
- The rest will be used for general corporate purposes.
