GK Energy IPO worth ₹464.26 Cr, will open for subscription from 19 to 23 Sep 2025. GK Energy IPO allotment is expected on 24 September, and shares are likely to be listed on BSE & NSE on 26 Sep. The price band is ₹145–₹153 per share. GK Energy IPO GMP today stands at flat.
GK Energy IPO GMP Live Rates Day by Day
GK Energy GMP today (16th Sep 2025) is zero, indicating no grey market activity and suggesting a possible listing near the IPO’s upper band of ₹153. GMP values change daily, and we’ll keep you updated with the latest figures.
Remember, Grey Market Premium (GMP) is the unofficial price at which an IPO trades before listing, offering an early hint of its performance. A positive GMP indicates potential gains, while a negative GMP signals a discount. However, since GMP is highly volatile, investors should not rely on it alone and must consider other factors before investing in GK Energy IPO.
GMP figures are for news purposes only. We neither trade nor recommend trading in the grey market.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit |
|---|---|---|---|---|
| 16-09-2025 | ₹ 153 | ₹ 0 | ₹153 (0%) | ₹ 0 |
GK Energy IPO Details
- GK Energy’s IPO is worth ₹464.26 Cr, which is a combination of fresh issue of 2.61 Cr shares aggregating to ₹400.00 Cr and OFS of 0.42 Cr shares aggregating to ₹64.26 Cr and the price band is set between ₹145 to ₹153.
- GK Energy’s IPO will open for subscription on 19 Sep 2025 and close on 23 Sep 2025.
- GK Energy’s IPO allotment is likely to take place on 24 Sep 2025 and the shares are expected to be listed on BSE and NSE on 26 Sep 2025.
- GK Energy’s promoters currently hold 93.29% of the company but after the IPO, their shareholding will come down to 78.64%.
- The issue aims to raise ₹322.46 crores to fund long-term working capital requirements and for general corporate purposes.
- MUFG Intime India Private Limited (Link Intime) will be the registrar for GK Energy's IPO..
GK Energy IPO Dates
Here are some important dates for GK Energy IPO.
| IPO Open Date | 19-Sep-25 |
| IPO Close Date | 23-Sep-25 |
| IPO Allotment Date | 24-Sep-25 |
| Initiation of Refunds | 25-Sep-25 |
| Demat Credits | 25-Sep-25 |
| Listing Date | 26-Sep-25 |
| Listing on | BSE, NSE |
GK Energy IPO Reservation
For GK Energy IPO, 35% has been reserved for retail investors.
| Investor Category | Shares Offered |
|---|---|
| QIB Investors | 50% |
| Retail Investors | 35% |
| NII (HNI) Investors | 15% |
GK Energy IPO Lot Size
Retail investors can apply for a minimum of 1 lot, which includes 98 shares costing ₹14,994. Maximum investment allowed for retail investors is 13 lots, which totals 1,274 shares and costs ₹1,94,922
| 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 |
About GK Energy IPO
Founded in 2008, GK Energy is India’s largest EPC service provider for solar-powered agricultural water pumps under the government’s PM-KUSUM Scheme. The company offers farmers complete solutions from survey and design to supply, installation, testing, and maintenance of solar pump systems.
GK Energy follows an asset-light model, sourcing solar panels, pumps, and other components from specialized vendors and branding them under “GK Energy.”
As of 2025, the company has 12 warehouses across 3 states, supported by a workforce of 90 employees and over 700 workmen, enabling operations across five states. GK Energy is also an approved vendor by the Ministry of New and Renewable Energy in Maharashtra, Haryana, Rajasthan, and Uttar Pradesh states that together account for 85% of the solar pumps eligible for subsidies under PM-KUSUM.
By 30 September 2024, around 13.42 lakh solar pumps had been approved under the PM-KUSUM scheme. Out of the nearly 5 lakh installations completed, GK Energy accounted for 42,778 pumps, representing about 8.56% share. Beyond the scheme, the company also set up 16,293 solar pump systems independently, catering to both farmers and government bodies.
GK Energy IPO Financial Performance
GK Energy reported a PAT of ₹133.21 Cr on 31 March 2025 and in FY24 reported ₹36.09 Cr. Over the past 3 years, the company has reported positive PAT. All financial details are provided in the table below.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹Cr) | 5,83.62 | 214.08 | 142.82 |
| Total income (₹Cr) | 10,99.18 | 412.31 | 285.45 |
| PAT (₹Cr) | 133.21 | 36.09 | 10.08 |
| EBITDA (₹Cr) | 1,99.69 | 53.83 | 17.18 |
| Net Worth | 2,09.09 | 55.96 | 19.87 |
| Reserves and Surplus (₹Cr) | 1,75.07 | 54.66 | 18.57 |
| Total Borrowing (₹Cr) | 2,17.79 | 62.29 | 42.61 |
| Debt/Equity | 0.74 | 0.94 | 1.93 |
| PAT Margin (%) | 12.12 | 8.75 | 3.53 |
| ROE (%) | 63.71 | 64.49 | 50.73 |
| ROCE (%) | 55.65 | 50.1 | 29.36 |
GK Energy IPO Peer Comparison from RHP
GK Energy IPO has the lowest EPS compared to its peers. Higher EPS is always considered better. Below is a quick comparison of GK Energy vs Shakti Pumps.
The table below shows peer comparison from RHP data.
| Company | EPS Diluted (₹) | P/E (x) |
|---|---|---|
| GK Energy | 7.86 | 22.07 – 23.29 |
| Shakti Pumps (India) | 33.97 | 24.11 |
| Oswal Pumps | 28.18 | 29 |
GK Energy IPO Strengths and Weaknesses
Knowing about the strengths and weaknesses of GK Energy IPO helps you make an informed decision.
- One of the leading EPC providers with about 15% share in Maharashtra’s 5 lakh+ PM-KUSUM pumps.
- Strong and growing order book worth ₹7.59 billion.
- Local warehouses and workforce in 5 states improve efficiency.
- Profit has grown rapidly (381% CAGR since 2022) with better margins.
- Almost all revenue (99.56%) comes from EPC, making the business highly dependent on it.
- Majority of revenue (78.40%) relies on PM-KUSUM scheme; any changes could impact operations.
- Losing the top customer (21.15% revenue) can impact cash flow.
- Heavy presence in Maharashtra, slowdown there could reduce demand.
- Operations are working-capital intensive, with high debtor and creditor days affecting liquidity.
GK Energy IPO GMP FAQs
What is GK Energy IPO GMP Today?
GK Energy IPO GMP today is ₹0.
What are GK Energy IPO Expected Returns?
GK Energy IPO Expected Returns are minimal, as of today, this may change in the coming days.
When will GK Energy IPO open and close?
GK Energy’s IPO will open for subscription on 19 Sep 2025 and close on 23 Sep 2025.
What is the lot size for GK Energy IPO?
Retail Investors can bid for a minimum of 1 lot, which includes 98 shares. And one lot will cost you around ₹14,994.
What is the share allotment date for GK Energy IPO?
The allotment of shares is expected to be completed by 24 Sep 2025.
Who is the registrar of GK Energy IPO?
MUFG Intime India Private Limited (Link Intime) is the registrar for GK Energy’s IPO.
Is GK Energy IPO good to buy?
GK Energy IPO may attract investors with its strong financials, healthy ROE and ROCE, and consistent positive PAT over the past three years.
Happy investing and thank you for reading!
Disclaimer:
This website content is only for educational purposes, not investment advice. Before making any investment, it’s important to do your own research and be fully informed. Investing in the stock market includes risks, and you should carefully read the Risk Disclosure documents before proceeding. Please remember that past performance doesn’t guarantee future results, and due to market fluctuations, your investment goals may not always be achieved.
