GK Energy IPO
Bookbuilding IPO | ₹464.00 Cr | Listing at BSE, NSE
IPO Open
Fri, Sep 19, 2025
IPO Close
Tue, Sep 23, 2025
Price Band
₹145.00 to ₹153.00
Market Cap (Pre-IPO)
₹3,103.10 Cr
IPO Details
| IPO Date | Sep 19, 2025 to Sep 23, 2025 |
| Listing Date | Tentative: Sep 26, 2025 |
| Face Value | ₹2.00 per share |
| Price Band | ₹145.00 to ₹153.00 |
| Lot Size | 98 Shares (Minimum: ₹14,994.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹464.00 Crores |
| Total Shares Offered | 30,343,790 shares |
| Fresh Issue | 26,143,790 shares |
| Offer For Sale | 4,200,000 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 193.01x |
| NII | 128.56x |
| RII | 21.78x |
| Total | 93.58x |
GK Energy IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,51,71,894 (50.00%) |
| Retail Shares Offered | 1,06,20,327 (35.00%) |
| NII Shares Offered | 45,51,569 (15.00%) |
GK Energy IPO Lot Size
Investors can bid for a minimum of 98 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 98 | ₹14,994 |
| Retail (Max) | 13 | 1,274 | ₹194,922 |
| S-HNI (Min) | 14 | 1,372 | ₹209,916 |
| S-HNI (Max) | 66 | 6,468 | ₹989,604 |
| B-HNI (Min) | 67 | 6,566 | ₹1,004,598 |
GK Energy Financial Information (Restated Consolidated)
| Period Ended | 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 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 63.71% |
| ROCE (Return on Capital Employed) | 55.65% |
| Debt/Equity | 0.74 |
| RoNW (Return on Net Worth) | 63.71% |
| PAT Margin (Profit After Tax Margin) | 12.12% |
| EBITDA Margin | 18.24% |
| Price to Book Value | 12.39 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.54 | 6.57 |
| P/E (x) | 20.29 | 23.30 |
| Promoter Holding | 93.29% | 78.64% |
Company Promoters
- Gopal Rajaram Kabra and Mehul Ajit Shah are the company promoters.
Company Overview
Incorporated in 2008, GK Energy Limited provides engineering, procurement and commissioning (“EPC”) services for solar-powered agricultural water pump systems under Component B of the Central Government’s Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan scheme (the “PM-KUSUM Scheme”) as measured by the number of solar-powered pump systems installed under the PMKUSUM Scheme in the period from January 1, 2022 to July 31, 2025.
The company offer farmers an end-to-end single-source solution for the survey, design, supply, assembly and installation, testing, commissioning and maintenance of solar-powered pump systems.
GK Energy currently operate an asset-light business model. The company sources solar panels, pumps and various other components of solar-powered pump systems under the “GK Energy” brand from different specialised vendors.
As of November 30, 2024, The company has 12 warehouses in three states as at August 30, 2025, and a localised workforce of 90 employees and 709 workmen as at March 31, 2025, which enable us to efficiently operate across broad geographic areas in five states.
Use of Proceeds
| 1) | Funding our long term working capital requirements | 322.46 |
| 2) | General corporate purposes | 46.49 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
GK Energy IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| GK Energy Limited | 7.86 | 7.86 | 12.35 | 0.00 | 63.71 | 0.00 | - |
| Shakti Pumps (india) Ltd. | 33.97 | 33.97 | 96.59 | 24.11 | 35.20 | 8.53 | Consolidated |
| Oswal Pumps Limited | 28.21 | 28.18 | 44.56 | 29.00 | 93.00 | 18.57 | Consolidated |
Quick Info
| Sector | Renewable Energy/Power |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹3,103.10 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Sep 19, 2025 |
| IPO Close | Sep 23, 2025 |
| Allotment Date | Sep 24, 2025 |
| Credit to Demat | Sep 25, 2025 |
| Listing Date | Tentative: Sep 26, 2025 |
Lead Manager(s)
IIFL Capital Services Ltd.
Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
Description
- GK Energy Ltd. IPO is a book build issue of ₹464.26 crores. The issue is a combination of fresh issue of 2.61 crore shares aggregating to ₹400.00 crores and offer for sale of 0.42 crore shares aggregating to ₹64.26 crores.
- GK Energy IPO bidding started from Sep 19, 2025 and ended on Sep 23, 2025. The allotment for GK Energy IPO was finalized on Sep 24, 2025. The shares got listed on BSE, NSE on Sep 26, 2025.
- GK Energy IPO price band is set at ₹153.00 per share . The lot size for an application is 98. The minimum amount of investment required by an retail is ₹14,994 (98 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,372 shares), amounting to ₹2,09,916, and for bNII, it is 67 lots (6,566 shares), amounting to ₹10,04,598.