GK Energy IPO
IPO Listing Details
- Listing Date
26 Sep 2025
- Listing Price
₹165.00
- Listing Change
7.84%
- Last Traded Price
₹153.86
GK Energy IPO Details
-
Open Date
19 Sep 2025
-
Close Date
23 Sep 2025
-
Listing Date
26 Sep 2025
- IPO Price Range
₹ 145 to ₹153
- IPO Size
₹ 464.26 Cr
- Listing Exchange
BSE NSE
GK Energy IPO Timeline
GK Energy IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 19-Sep-25 | 2.40 | 2.74 | 2.83 | 2.69 |
| 22-Sep-25 | 3.00 | 10.53 | 7.17 | 6.70 |
| 23-Sep-25 | 193.01 | 128.56 | 21.78 | 93.58 |
Last Updated: 23 September 2025 5:45 PM by 5paisa
Incorporated in 2008, GK Energy Limited delivers engineering, procurement and commissioning (EPC) services for solar-powered agricultural pump systems, mainly under Component B of the PM-KUSUM Scheme. It provides farmers with end-to-end services covering survey, design, supply, assembly, installation, testing, commissioning, and maintenance of solar-powered pump systems.
GK Energy operates an asset-light model, sourcing panels, pumps and other system components under the “GK Energy” brand from specialist vendors. As of 30 November 2024, the company leased 13 warehouses across three states and employed 60 staff members.
Established in: 2008
Managing Director: Mr. Gopal Rajaram Kabra
Peers:
| Name of the company | GK Energy Limited |
Shakti Pumps (India) Ltd. |
Oswal Pumps Limited |
| EPS (Basic) (₹) | 7.86 | 33.97 | 28.21 |
| EPS (Diluted) (₹) | 7.86 | 33.97 | 28.18 |
| NAV (₹ per share) | 12.35 | 96.59 | 44.56 |
| P/E (x) | [●] | 24.11 | 29 |
| RoNW (%) | 63.71 | 35.2 | 93 |
| P/BV Ratio | [●] | 8.53 | 18.57 |
| Financial Statements | Restated | Consolidated | Consolidated |
GK Energy IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹464.26 Cr |
| Offer For Sale | ₹64.26 Cr |
| Fresh Issue | ₹400.00 Cr |
GK Energy IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 98 | 14,210 |
| Retail (Max) | 13 | 1,274 | 1,84,730 |
| S-HNI (Min) | 14 | 1,372 | 1,98,940 |
| S-HNI (MAX) | 66 | 6,468 | 9,37,860 |
| B-HNI (Min) | 67 | 6,566 | 9,52,070 |
GK Energy IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 193.01 | 60,68,759 | 1,17,13,23,342 | 17,921.25 |
| NII (HNI) | 128.56 | 45,51,569 | 58,51,41,928 | 8,952.67 |
| bNII (bids above ₹10L) | 144.08 | 30,34,379 | 43,71,96,620 | 6,689.11 |
| sNII (bids below ₹10L) | 97.51 | 15,17,190 | 14,79,45,308 | 2,263.56 |
| Retail Investors | 21.78 | 1,06,20,327 | 23,12,98,522 | 3,538.87 |
| Total** | 93.58 | 2,12,40,655 | 1,98,77,63,792 | 30,412.79 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 285.03 | 411.09 | 1094.83 |
| EBITDA | 17.18 | 53.83 | 199.69 |
| PAT | 10.08 | 36.09 | 133.21 |
| Particulars (in Rs. Crores)] | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 142.82 | 214.08 | 583.62 |
| Share Capital | 1.30 | 1.30 | 34.03 |
| Total Borrowings | 42.61 | 62.28 | 217.78 |
| Particulars (in Rs. Crores | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -11.57 | 1.04 | -48.67 |
| Net Cash Generated From / (used in) investing activities | -0.34 | -9.74 | -53.02 |
| Net Cash Generated From / (used in) financing activities | 15.45 | 14.62 | 152.06 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.17 | 0.013 | 0.43 |
Strengths
1. Specialised EPC provider for solar water pumps.
2. Strong association with the PM-KUSUM scheme.
3. Asset-light business model.
4. Rapid growth in revenue and profitability.
Weaknesses
1. Reliance on government schemes.
2. High working capital requirements.
3. Limited workforce base.
4. High trade receivables
Opportunities
1. Expanding solar adoption in agriculture.
2. Rising demand for renewable solutions.
3. Potential diversification beyond pumps.
4. Expansion potential in Tier-2 & 3 markets across India.
Threats
1. Competition from established pump and solar companies.
2. Policy/regulatory risks.
3. Supply chain disruptions and raw material volatility.
4. Harder to compete with solar panel manufacturers.
1. Strong revenue and profit growth over recent years.
2. Clear use of proceeds for long-term working capital.
3. Strategic role in India’s PM-KUSUM scheme.
4. Asset-light model enabling scalability.
5. Industry tailwinds from renewable energy adoption.
India’s renewable energy sector is witnessing accelerated growth, with government schemes such as PM-KUSUM encouraging adoption in agriculture. The solar water pump market offers significant potential due to increasing demand for sustainable irrigation solutions. Rising rural electrification, government subsidies, and farmers’ push for lower energy costs create a favourable business environment.
GK Energy, with its strong focus on EPC solutions and a scalable asset-light model, is strategically positioned to capture opportunities as solar adoption expands. However, continued dependence on government-backed schemes and rising competition remain key risks.
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FAQs
The GK Energy IPO opens on September 19, 2025 and closes on September 23, 2025.
The GK Energy IPO size is ₹464.26 crore.
The GK Energy IPO has a price band fixed at ₹145 to ₹153 per share.
To apply for GK Energy IPO, follow the steps given below:
- Log in to your 5paisa account and select the issue in the current IPO section
- Enter the number of lots and the price at which you wish to apply for the GK Energy IPO.
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
- You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of GK Energy IPO is 98 shares, requiring an investment of ₹14,210.
The Allotment of GK Energy IPO is expected on September 24, 2025.
Tentative listing of GK Energy IPO is expected at September 26, 2025
IIFL Capital Services Ltd. is the book-running lead manager, and MUFG Intime India Pvt. Ltd. is the registrar.
GK Energy plans to utilize the raised capital from the IPO for:
- Funding long-term working capital requirements: ~₹322.46 crore
- General corporate purposes
GK Energy Contact Details
Office No. 802,
CTS No. 97-A-1/57/2,
Suyog Center,
Pune, Maharashtra, 411037
Phone: 020 - 24268111
Email: investors@gkenergy.in
Website: http://www.gkenergy.in/
GK Energy IPO Register
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: gkenergy.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
GK Energy IPO Lead Manager
IIFL Capital Services Ltd.
HDFC Bank Ltd