GK Energy IPO
GK Energy IPO — date, price band, lot size & details 2025
GK Energy listed on 26 Sep 2025 at ₹171, 11.8% above the ₹153 issue price.
GK Energy provides EPC services for solar-powered agricultural water pump systems under Component B of the PM-KUSUM Scheme. It reported total income of Rs 1,099.18 crore in FY2025.
Stock price
GK Energy is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 19 Sep 2025
- Close 23 Sep 2025
- Allotment 24 Sep 2025
- Refund/credit 25 Sep 2025
- Listing 26 Sep 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 19 to 23 Sep, 2025 |
|---|---|
| Price Band | ₹145 – ₹153 |
| Face Value | ₹2 |
| Lot Size | 98 Shares |
| Issue Size | ₹464.26 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,994 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 98 shares at the ₹153 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 98 | ₹14,994 |
| Retail (max) | 13 | 1,274 | ₹1,94,922 |
| S-HNI (min) | 14 | 1,372 | ₹2,09,916 |
| S-HNI (max) | 66 | 6,468 | ₹9,89,604 |
| B-HNI (min) | 67 | 6,566 | ₹10,04,598 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income was Rs 1,099.18 crore and profit after tax was Rs 133.21 crore in FY2025.
- 02The PAT margin was 12.12% and the EBITDA margin was 18.24%.
- 03Return on equity was 63.71% and return on capital employed was 55.65%.
- 04Rs 400.00 crore of the Rs 464.26 crore issue was fresh capital.
- 05The P/E was 23.3 at the upper band of Rs 153, based on post-issue EPS of Rs 6.57.
Risks · 6
- 01The source gives financials only for FY2025, so growth over earlier years cannot be read from these figures.
- 02Income depends on Component B of the PM-KUSUM Scheme, so a change in that scheme would hurt income of Rs 1,099.18 crore.
- 03Rs 322.46 crore of the proceeds was for working capital, which shows how much cash government-linked work ties up.
- 04Return on equity of 63.71% is high partly because net worth was small, at Rs 209.09 crore on 31 March 2025.
- 05Total borrowing was Rs 217.79 crore on 31 March 2025, above net worth, and debt to equity was 0.74 on the source figures.
- 06Promoters held 93.29% before the issue and held 78.64% after it.
The numbers
All figures in ₹ crore, as reported in the GK Energy offer document.
| Metric | 31 Mar 2025 |
|---|---|
| Assets | 583.62 |
| Total Income | 1,099.18 |
| Profit After Tax | 133.21 |
| EBITDA | 199.69 |
| NET Worth | 209.09 |
| Reserves and Surplus | 175.07 |
| Total Borrowing | 217.79 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the GK Energy RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
GK Energy IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹7.54 | ₹6.57 |
| P/E Ratio (x) | 20.29 | 23.30 |
| Market Cap at Offer Price (₹ Cr) | ₹2,703.07 | ₹3,102.15 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹153 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹404.99 Cr of the issue is earmarked to named objects.
GK Energy IPO Anchor Investors
13 anchor investors across 12 fund houses committed ₹139.25 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Pinebridge Global Funds-Pinebridge India Equity Fund | Pinebridge | 1,470,686 | 22.50 | 16.16% |
| 360 One Flexicap Fund | 360 One Mutual Fund | 1,470,686 | 22.50 | 16.16% |
| HSBC Flexi Cap Fund | HSBC Mutual Fund | 1,470,686 | 22.50 | 16.16% |
| 3P India Equity Fund 1M | 3P India | 1,470,686 | 22.50 | 16.16% |
| Motilal Oswal Large Cap Fund | Motilal Oswal Mutual Fund | 443,453 | 6.78 | 4.87% |
| Bandhan Small Cap Fund | Bandhan Mutual Fund | 443,453 | 6.78 | 4.87% |
| Edelweiss Equity Savings Fund | Edelweiss Mutual Fund | 221,727 | 3.39 | 2.44% |
| Edelweiss Recently Listed Ipo Fund | Edelweiss Mutual Fund | 221,726 | 3.39 | 2.44% |
| Vq Fastercap Fund Ii | Vq Fastercap | 443,455 | 6.78 | 4.87% |
| Nuvama Multi Asset Strategy Return Fund | Nuvama | 466,088 | 7.13 | 5.12% |
| Citigroup Global Markets Mauritius Pvt.ltd. | Citigroup | 326,830 | 5.00 | 3.59% |
| Societe Generale-Odi | Societe General | 326,830 | 5.00 | 3.59% |
| Aaa India Equity Fund - Scheme 1 | Aaa India Equity | 326,830 | 5.00 | 3.59% |
| Total anchor allocation | 139.25 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
The company offers farmers a single-source solution covering survey, design, supply, assembly, installation, testing, commissioning and maintenance.
It runs an asset-light model and sources solar panels, pumps and other components from suppliers.
The IPO was Rs 464.26 crore, with Rs 400.00 crore of fresh issue and Rs 64.26 crore of offer for sale. Rs 322.46 crore was planned for long-term working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
GK Energy IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
IIFL Capital Services Limited
50 issues handledBest listing: Tonbo Imaging India (+65.7%). Weakest: Acevector (-11.5%).
Hdfc Bank Limited
6 issues handledBest listing: Indo-MIM (+44.3%). Weakest: Aegis Vopak Terminals (-6.4%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of GK Energy?
The current Grey Market Premium is ₹19, or 12% over the issue price.
What is the GK Energy IPO price band?
₹145 to ₹153, on a face value of ₹2.
When is the allotment?
The basis of allotment is 24 September 2025, with listing on 26 September 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
