GK Energy Ltd. : GK Energy Limited IPO Book-build Issue, which has a total value of ₹ 464.26 crore. This includes a new issue of ₹ 400 crore and an offer for sale of ₹ 64.26 crore. It provides engineering, procurement and commissioning services for solar agricultural pump systems under the PM-KUSUM scheme.
GK Energy Ltd. IPO Overview
This IPO is a book build issue, which has a new issue of ₹ 400.00 crore and an offer of ₹ 64.26 crore. The company aims to use this amount for working capital requirements and general corporate purposes. The price band of the IPO is ₹ 145 to ₹ 153 per share.
| Details | Descriptions |
|---|---|
| IPO Date | September 19, 2025 to September 23, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Issue Price Band | ₹145 to ₹153 per share |
| Lot Size | 98 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 3,03,43,790 shares (aggregating up to ₹464.26 Cr) |
| Fresh Issue | 2,61,43,790 shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 42,00,000 shares of ₹2 (aggregating up to ₹64.26 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 17,66,73,476 shares |
| Share Holding Post Issue | 20,28,17,266 shares |
GK Energy Ltd. IPO Schedule
The IPO will open on September 19, 2025 and will close on 23 September 2025. The final decision of the allocation is expected to be held by September 24, 2025, and the shares will be submitted to the demat accounts by September 25, 2025.
| Details | Description |
|---|---|
| IPO Open Date | Fri, Sep 19, 2025 |
| IPO Close Date | Tue, Sep 23, 2025 |
| Tentative Allotment | Wed, Sep 24, 2025 |
| Initiation of Refunds | Thu, Sep 25, 2025 |
| Credit of Shares to Demat | Thu, Sep 25, 2025 |
| Tentative Listing Date | Fri, Sep 26, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 23, 2025 |
GK Energy Ltd. IPO Lot Size Details
The IPO has a lot size 98 shares. The minimum investment amount for retail investors is ₹ 14,994 (98 shares x ₹ 153). The maximum investment amount is ₹ 1,94,922 (13 lots).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 98 | ₹14,994 |
| Individual investors (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 |
GK Energy Ltd. IPO Allocation
According to IPO allocation, 35%for retail investors, 50%for qualified institutional buyers (QIB), and 15%quota for non-institutional investors (NII) have been prescribed.
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
GK Energy Ltd. IPO Promoter Holding
Prior to IPO, promoters have 100% stake in the company. After the IPO, this stake will be reduced to 73.1%. Promoters are Gopal Rajaram Kabra and Mehul Ajit Shah.
| Details | Promoter Holding (%) |
|---|---|
| Promoter Holding Pre Issue | 93.29% |
| Promoter Holding Post Issue | 78.64% |
Investor Category Reservations
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII | Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs) If applying as RII: Upto Rs. 2 lakhs If applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs | Yes for Employee and RII/NII |
About of GK Energy Ltd.
Incorporate in 2008, G.K. Energy Ltd. provides engineering, procurement and commissioning (“EPC”) services for solar-energy-operated agricultural water pump systems under the Central Government’s Prime Minister’s Prime Minister’s Farmers Energy Safety and Utthan Mahabhiyan Yojana (“PM-Kusum Yojana”). It has been evaluated by the number of solar-energy-operated pump systems installed under the PM-Kusum scheme in the period from January 1, 2022 to July 31, 2025.
The company offers farmers a complete, single-source solution for survey, design, supply, combination and installation, testing, commissioning and maintenance of solar-energy-powered pump systems. GK Energy currently operates an asset-light business model. The company receives various other components of solar panels, pumps and solar-energy-operated pump systems under the “GK Energy” brand from various specific sellers.
As of 30 November, 2024, the company had a local workforce of 12 warehouses in three states by 30 August, 2025 by 31 March 2025, which enables us to efficiently operate in broader geographical areas in five states.
Company Financials
GK Energy Ltd. Financial Information (Restated Standalone)
The company recorded a revenue of ₹ 356.12 crore in the financial year 2022-23 and a tax benefit (PAT) after a tax of ₹ 23.77 crore. In FY 2021-22, the revenue was ₹ 186.27 crore and after tax profit (PAT) ₹ 10.32 crore.
| Period Ended | 31-Mar-25 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 583.62 | 214.08 | 142.82 |
| Total Income | 1,099.18 | 412.31 | 285.45 |
| Profit After Tax | 133.21 | 36.09 | 10.08 |
| EBITDA | 199.69 | 53.83 | 17.18 |
| Net Worth | 209.09 | 55.96 | 19.87 |
| Reserves and Surplus | 175.07 | 54.66 | 18.57 |
| Total Borrowing | 217.79 | 62.29 | 42.61 |
Key Performance Indicator (KPI)
The market cap. of GK Energy Ltd. IPO is ₹3103.10 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 63.71 |
| ROCE | 55.65% |
| Debt/Equity | 0.74 |
| RoNW | 63.71% |
| PAT Margin | 12.12% |
| EBITDA Margin | 18.24 |
| Price to Book Value | 12.39 |
GK Energy Ltd. Contact Details
- GK Energy Ltd.
- 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 Ltd. IPO Registrar
MUFG Intime India Pvt.Ltd.
| Details | Descriptions |
|---|---|
| Phone: | +91-22-4918 6270 |
| Email: | gkenergy.ipo@linkintime.co.in |
| Website: | linkintime.co.in/Initial_Offer/public-issues.html |
GK Energy Ltd. IPO FAQs
When GK Energy Ltd. will open?
The VMS TMT Ltd. IPO will open on September 19, 2025.
What is the lot size of GK Energy Ltd.?
The lot size is 98 shares
How to apply for GK Energy Ltd.?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
When is GK Energy Ltd. allotment
The allotment is expected to be finalized on Tue, Sep 24, 2025.
When is GK Energy Ltd. listing date?
The tentative listing date is Thu, Sep 26, 2025
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