GK Energy is an EPC (Engineering, Procurement, and Commissioning) company specializing in solar-powered agricultural water pump systems. Below are the key facts, numbers, and timeline for their IPO.
GK Energy IPO Live GMP 2025
the IPO’s Grey Market Premium (GMP) is reflecting a potential listing gain of 23.53%.
Considering the upper price band of ₹153 per share, this translates to an estimated premium of ₹36 per share. Should the shares debut at a price reflecting this premium, the expected listing price would be approximately ₹189 per share.
1. Basic IPO Details
| Parameter | Detail |
|---|---|
| IPO Name | GK Energy Ltd |
| IPO Type | Fresh Issue + Offer for Sale (OFS) |
| Price Band | ₹ 145 to ₹ 153 per equity share (face value ₹ 2) |
| Face Value | ₹ 2 per share |
| Total Issue Size | ≈ ₹ 464.26 crore |
| Fresh Issue Amount | ₹ 400 crore |
| Offer for Sale (OFS) | Selling shareholders offering ≈ 42-84 lakh equity shares (≈ ₹ 64.26-₹ 65 crore at upper band) |
2. Important Dates & Timeline
| Event | Date |
|---|---|
| IPO opens (Subscription Starts) | 19 September 2025 |
| IPO closes | 23 September 2025 |
| Allotment Finalised | 24 September 2025 |
| Listing on BSE/NSE | 26 September 2025 |
3. Reservation / Allocation & Lot Sizes
| Investor Category | Minimum Shares / Lot | Reserved (%) or Total Shares |
|---|---|---|
| Retail Investors | 98 shares minimum lot; investment ~₹ 14,994 at upper price band (98 × ₹ 153) | ~ 35% of issue reserved for Retail Investors |
| Non-Institutional Investors (NIIs / HNIs) | Lot sizes above retail minimum | ~ 15% for NIIs |
| Qualified Institutional Buyers (QIBs) | — | ~ 50% of the net offer reserved for QIBs |
4. Financials Snapshot
| Fiscal Period | Revenue / Operations | Profit After Tax (PAT) | Other Highlights |
|---|---|---|---|
| FY 2023-24 vs FY 2022-23 | Revenue grew to ₹ 411.09 crore from ~₹ 285.03 crore (~44.23% growth) | PAT rose to ~₹ 36.09 crore from ~₹ 10.08 crore in previous year | Order book ~₹ 759.18 crore (as of October 2024), provides visibility on future work. |
| Six months ended Sep 30, 2024 | Revenue from operations ~₹ 421.90 crore (vs ~₹ 175.98 crore same period year before) | Net profit ~₹ 51.08 crore (vs ~₹ 6.1 crore previous corresponding period) | Costs & expenses rising steeply; operating losses or cash flow stresses reported for the same half year. |
5. Strengths & Risks
Strengths
- GK Energy has a high-growth industry (solar pumps, renewable energy) with good government schemes support behind it (e.g., PM-KUSUM, Jal Jeevan Mission) which is an add-on of policy support.
- Good recent revenue growth and profitability enhancements, particularly in the six months ended September 2024 versus the corresponding earlier period.
- Good order book (~₹ 759 crore), which provides some guarantee of future business.
Risks
- Costs and operating expenses have risen sharply, which could squeeze margins.
- Cash-flow issues: cash deployed in operations has fallen steeply; high working capital requirements.
- Reliance on policy initiatives (such as PM-KUSUM etc.) which can be vulnerable to regulatory & implementation risks.
- Similar to all IPOs, market sentiment, valuation multiples, and investor expectations will play a crucial role in defining listing performance.
6. What Investors Should Note
- Pricing (₹ 145-153) is moderate but investors must compare to peers in renewable / solar EPC space to verify valuation.
- With such a high fresh issue component (~₹ 400 crore) compared to OFS, company is also raising capital for growth and working capital, which is a good sign.
- Watch allotment ratios and oversubscription amounts on IPO days; retail investors’ allotment may be dependent on demand.
- Monitor for changes in the complete prospectus, particularly with regards to governance, contracts, vendor reliance, and asset / liability makeup.
Tips Before Applying
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Check allotment chances: Retail portion and QIB interest will affect how many shares you might actually get
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Understand your risk tolerance: Cyclical sector, regional concentration.
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Track peer comparisons: How do metrics like P/E, RoNW compare with other TMT/steel bar makers?
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Watch external factors: Steel raw material costs, government infrastructure policy, real estate demand.
Disclaimer:
- IPO Grey Market Premium (Dev Accelerator IPO GMP) mention is valid for the specific date as mentioned in the header.
- We are not buying and selling IPO forms on IPO Grey Market.
- Do not subscribe for IPO by just seeing the premium Price as it may change anytime before listing. Subscribe only considering the fundamentals of the companies.