Summary
The much-awaited GK Energy IPO Day 3 LIVE update brings exciting news for investors as the issue closes today, September 23. Backed by robust demand, attractive valuations, and strong grey market activity, this IPO has captured investor attention. With its solid financial performance and growth potential in the renewable energy sector, GK Energy Initial public offering is being hailed as a powerful investment opportunity for both retail and institutional investors.
GK Energy IPO Day 3 Subscription Status
On the final day of bidding, the GK Energy Initial public offering witnessed an impressive overall subscription of 7.99 times. Here’s the detailed breakdown:
- Retail Investors: Subscribed 7.93 times
- Non-Institutional Investors (NII): Subscribed 15.51 times
- Qualified Institutional Buyers (QIBs): Subscribed 2.92 times
Such a strong subscription trend highlights investor confidence in the company’s future growth prospects, particularly in the solar energy sector.
GK Energy IPO Grey Market Premium (GMP) Today
As of the last update, shares of GK Energy Initial public offering are commanding a GMP (Grey Market Premium) of ₹20, according to investorgain.com.
- IPO Price Band: ₹153 per share
- Estimated Listing Price: ₹173 per share
- Premium Gain: ~13.07% over the issue price
This premium indicates strong listing expectations, reflecting positive market sentiment and strong demand among investors.
GK Energy IPO Review: Should You Subscribe?
Top brokerage firms and analysts have given positive recommendations for the GK Energy IPO:
- Angel One Review: Recommended “Subscribe”, citing attractive valuations, a robust order book, and the company’s strong growth prospects under government-backed solar programs.
- Geojit Investments: Also rated the IPO as “Subscribe” for medium- to long-term investors, highlighting GK Energy’s strong execution capabilities and fair valuation compared to industry peers.
At the upper price band of ₹153, GK Energy’s post-IPO P/E ratio stands at 23.3x, which is lower than several listed peers, making the stock attractively priced.
GK Energy Business Overview
Founded in 2008, GK Energy Limited is a leading EPC services provider specializing in solar-powered agricultural water pumping systems under the PM-KUSUM scheme. The company follows an asset-light model, procuring solar panels, pumps, and related components from specialized suppliers, which are then marketed under the “GK Energy” brand.
Its comprehensive solutions include:
- Survey & Design
- Installation & Commissioning
- Maintenance & Support
With strong government initiatives promoting renewable energy adoption, GK Energy is positioned to benefit from the surging demand for solar water pumping systems across India.
GK Energy IPO Details
- IPO Size: ₹464.26 crore
- Fresh Issue: 2.61 crore shares worth ₹400 crore
- Offer for Sale (OFS): 42 lakh shares worth ₹64.26 crore
- Price Band: ₹153 per share
- Face Value: ₹2 per share
- Minimum Retail Application: 98 shares (₹14,994 at upper price band)
- Issue Closing Date: September 23, 2025
- Basis of Allotment: September 24, 2025
- Listing Date: September 26, 2025 (NSE & BSE)
- Lead Manager: IIFL Capital Services Ltd.
- Registrar: MUFG Intime India Pvt. Ltd.
GK Energy IPO Utilization of Funds
The company plans to utilize IPO proceeds as follows:
- ₹322.5 crore for long-term working capital requirements
- Remaining for general corporate purposes
This allocation indicates a focus on strengthening operations and driving long-term growth.
Final Verdict: Is GK Energy IPO a Good Bet?
The GK Energy IPO offers a rare combination of strong fundamentals, government-backed demand, attractive pricing, and positive grey market momentum. With robust financial performance in FY2024, an impressive order book, and a promising outlook in India’s growing renewable energy sector, the company looks well-positioned for sustained growth.
For investors seeking exposure to the booming clean energy market, this IPO presents a compelling investment opportunity with short-term listing gains as well as long-term growth potential.
Key Takeaway
The GK Energy IPO Day 3 LIVE update makes it clear — with high subscription rates, strong GMP, and positive broker reviews, this IPO stands out as one of the most powerful investment opportunities of 2025 in the renewable energy space.
Note: All information and images used in this content are sourced from Google. They are used here for informational and illustrative purposes only.
Frequently Asked Questions (FAQ) on GK Energy IPO
Q1. When does the GK Energy IPO close?
The GK Energy IPO closes for bidding today, Tuesday, September 23, 2025.
Q2. What is the size of the GK Energy IPO?
The total issue size is ₹464.26 crore, which includes a fresh issue worth ₹400 crore and an offer for sale (OFS) of ₹64.26 crore by promoters.
Q3. What is the price band of the GK Energy IPO?
The IPO price band has been fixed at ₹153 per equity share with a face value of ₹2.
Q4. What is the minimum investment required for retail investors?
Retail investors need to apply for at least 98 shares, which amounts to ₹14,994 at the upper price band.
Q5. What is the grey market premium (GMP) of GK Energy IPO today?
As per investorgain.com, the grey market premium (GMP) is ₹20, indicating an expected listing price of around ₹173 per share, about 13.07% above the issue price.
Q6. How many times has the GK Energy IPO been subscribed?
On the last day of bidding, the IPO was subscribed 7.99 times overall. Retail investors subscribed 7.93 times, NIIs 15.51 times, and QIBs 2.92 times.
Q7. What is the basis of allotment date for GK Energy IPO?
The basis of share allotment is likely to be finalized on September 24, 2025.
Q8. When will GK Energy IPO shares be listed on stock exchanges?
The shares are scheduled to be listed on NSE and BSE on September 26, 2025.
Q9. How will GK Energy utilize the IPO proceeds?
Out of the net proceeds, ₹322.5 crore will be used for long-term working capital requirements, and the balance will go towards general corporate purposes.
Q10. Should investors subscribe to the GK Energy IPO?
Brokerages like Angel One and Geojit Investments have given a “Subscribe” rating. Analysts highlight the company’s strong financial performance, attractive valuation, and growth potential in the renewable energy sector, particularly under government-backed schemes like PM-KUSUM.