GK energy, a pune-based solar-powered Agricultural Water Pump Systems Provider, Has Reserved 35% of the IPO For Retail Investors, 50% For Institutional Buyers, and 15% HNNIS. Proceeds from the fresh issue will fund long-term working capital and general corporate purposes.
The rs 465-crore iPo of GK Energy will be open for public subscription from today and end on tuesday (September 23). The price band has been fixed at Rs 145-153 per share, and the market lot is 98 shares.
Solar-Powered Agricultural Water Pump Systems Provider GK Energy has reserved 35 per cent for retill investors, 50 per cent for Qualified Institutional Buyers and 15 per cent for HNIS.
The pune-based firm’s iPo is a combination of fresh issue worth Rs 400 and an offer-forward (ofs) of 42 lakh equity shares, Worth Rs 65 Crore, by Selling Sharehole-Gopak Rajaram Kabra and Mehl Ajit Singh (Promoters).
Ahead of the issue, it has collected over Rs 139 Crore from Anchor Investors, Such as HSBC Mutual Fund (MF), Citigrup Global Markets Mauritius, Motilal Oswalf, Bandhan MF, Bandhan MLOBAL Funds and Societe General.
The company has allotted 91.03 Lakh Equity Shares to 13 Funds at Rs 153 Apiece.
Proceeds from the fresh issue to the extent of Rs 322.5 will be utilized for funding the company’s long-term working capital requires, and the balance for general corporate purposes.
EPC Solar Pumps under PM-Kusum; Strong Growth Outlook
GK Energy Ltd is one of India’s Larges Pure Play Providers of Engineering, Procurement, and Commission (EPC) Services for Solar-Powered Agricultural Water Pump Systems. These Systems, also Known as Solar-Powered Pump Systems, are offered under component b of the Central Government’s Pradhan Mantri Kisan Mantri Kisan Uraja Suraksha Evam utthan Mahabhiyan (PM-Kusum) Scheme. It is measured by the number of Solar-Pump Systems Installed under the PM-Kusum Scheme Between January 1, 2022, and December 3, 2024, December 3, 2024, as per the crisil report mentioned in the DRHP.
IIFL Capital Services and HDFC Bank are the Book-Running Lead Manners to the offer.
According to angelone, at the upper price band of ₹ 153, GK Energy Ltd is attractively valued, Trading at a post -po p/e of 23.3x, Lower Than Its Industry Peers. The company has demonstrated strong financial performance, with significant reverene and pat growth in fy 2024. Its Robust Order Book and Presence in the Growing in the Growing Renewable Energy Sector Furious Support Growth Prospects. Considering these facts, the stock merits a “subscribe” recommendation.
Published on September 19, 2025