GK Energy
IPO Timeline
Issue open date
19 Sep 2025Issue close date
23 Sep 2025UPI mandate deadline
23 Sep 2025Allotment finalization
24 Sep 2025Refund initiation
25 Sep 2025Share credit
25 Sep 2025Listing date
26 Sep 2025Mandate end date
8 Oct 2025Lock-in end date for anchor investors (50%)
24 Oct 2025Lock-in end date for anchor investors (remaining)
24 Dec 2025Grey Market Premium Trend
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 25 Sep | ₹18 | ₹171 | 11.76% |
| 24 Sep | ₹18 | ₹171 | 11.76% |
| 23 Sep | ₹25 | ₹178 | 16.34% |
| 22 Sep | ₹31 | ₹184 | 20.26% |
| 21 Sep | ₹20 | ₹173 | 13.07% |
| 20 Sep | ₹22 | ₹175 | 14.38% |
| 19 Sep | ₹22 | ₹175 | 14.38% |
| 18 Sep | ₹25 | ₹178 | 16.34% |
| 17 Sep | ₹36 | ₹189 | 23.53% |
| 16 Sep | ₹45 | ₹198 | 29.41% |
| 15 Sep | ₹0 | ₹153 | 0.00% |
| 14 Sep | ₹0 | ₹153 | 0.00% |
Key Dates
Quick Stats
Issue Details
Additional Resources
About the Company
GK Energy, established in 2008 and headquartered in Pune, Maharashtra, is a leading Indian renewable energy company specializing in engineering, procurement, and construction (EPC) services for solar-powered agricultural water pump systems. The company plays a pivotal role in India’s sustainable agriculture initiatives, particularly under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme. With an asset-light business model, GK Energy sources components from third-party suppliers and focuses on efficient installation and maintenance services. As of September 30, 2024, the company had completed 42,778 installations under PM-KUSUM, holding an 8.56% market share. GK Energy is preparing for an IPO to fund its expansion and working capital needs.
Strengths
- Leading EPC provider for solar-powered agricultural pumps in India.
- Significant market share under the PM-KUSUM scheme with 42,778 installations.
- Asset-light business model enabling scalability and cost efficiency.
- Robust financial growth with revenue reaching ₹1,094.83 crore in FY25.
- Strong order book of ₹714.28 crore as of March 31, 2025, indicating future revenue visibility
Risks
- High dependence on government schemes like PM-KUSUM for revenue. Exposure to policy changes and regulatory risks in the renewable energy sector. Rising operational costs are impacting profitability, as seen in increased expenses in FY25. Reliance on third-party suppliers for key components may affect supply chain stability. Competition from established players in the solar energy sector could impact market share.
- High dependence on government schemes like PM-KUSUM for revenue.
- Exposure to policy changes and regulatory risks in the renewable energy sector.
- Rising operational costs are impacting profitability, as seen in increased expenses in FY25.
- Reliance on third-party suppliers for key components may affect supply chain stability.
- Competition from established players in the solar energy sector could impact market share.
GK Energy IPO – Frequently Asked Questions
- The price band for the GK Energy IPO is set at ₹145 to ₹153 per share.
- The GK Energy IPO opens on September 19, 2025 and closes on September 23, 2025.
- The tentative listing date for the GK Energy IPO is September 26, 2025.
- You can apply for the GK Energy IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose GK Energy, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the GK Energy IPO is 98 shares. Investors must apply for at least one lot (i.e., 98 shares).