GK Energy IPO is scheduled to open on September 19, 2025 and will close for subscription on September 23, 2025. The allotment of shares is expected to be finalized on September 24, 2025, with refunds initiated and credit to investors’ Demat accounts on September 25, 2025. The IPO is set to list on BSE and NSE on September 26, 2025, with the bidding cut-off time fixed at 5 PM on September 23, 2025.
This IPO is a book built issue aggregating up to ₹464.26 crores, comprising a fresh issue of ₹400 crores through 2.61 crore shares and an offer for sale of ₹64.26 crores through 0.42 crore shares. The price band is set between ₹145 and ₹153 per share, with a lot size of 98 shares, making the minimum investment for retail investors ₹14,994 (based on the upper price). The retail quota is 35%, QIB is 50%, and HNI is 15%.
The company reported a revenue of ₹412.31 crores in 2024, up from ₹285.45 crores in 2023, while profit after tax (PAT) increased from ₹10.08 crores in 2023 to ₹36.09 crores in 2024, indicating strong financial growth. Based on these fundamentals, long-term investors may consider applying for this IPO.
Overview of Contents
About GK Energy IPO
Incorporated in 2008, GK Energy Limited specializes in engineering, procurement, and commissioning (EPC) services for solar-powered agricultural water pump systems under Component B of the Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan (PM-KUSUM) Scheme. The company’s performance is measured by the number of solar-powered pump systems installed between January 1, 2022, and July 31, 2025.
The company provides farmers with a complete end-to-end solution, including survey, design, supply, assembly, installation, testing, commissioning, and maintenance of solar-powered pump systems. GK Energy operates an asset-light business model, sourcing solar panels, pumps, and other components under its “GK Energy” brand from specialized vendors.
As of November 30, 2024, GK Energy had 12 warehouses across three states and a local workforce of 90 employees and 709 workmen (as of March 31, 2025), enabling efficient operations across five states and ensuring timely delivery and maintenance of solar pump systems.
GK Energy IPO Overview
| Particulars | Details |
|---|---|
| IPO Type | Book Built Issue |
| Issue Size | 3,03,43,790 shares (₹464.26 Cr) |
| Fresh Issue | 2,61,43,790 shares (₹400.00 Cr) |
| Offer for Sale (OFS) | 42,00,000 shares (₹64.26 Cr) |
| Face Value | ₹2 per share |
| Issue Price Band | ₹145 – ₹153 per share |
| Lot Size | 98 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 17,66,73,476 shares |
| Shareholding Post-Issue | 20,28,17,266 shares |
GK Energy IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
GK Energy IPO Dates
| Event & Weekday | Date |
|---|---|
| IPO Open (Friday) | September 19, 2025 |
| IPO Close (Tuesday) | September 23, 2025 |
| Cut-off for UPI Mandate (Tuesday) | September 23, 2025 – 5 PM |
| Basis of Allotment (Wednesday) | September 24, 2025 |
| Refunds Initiation (Thursday) | September 25, 2025 |
| Credit to Demat Account (Thursday) | September 25, 2025 |
| IPO Listing (Friday) | September 26, 2025 |
GK Energy IPO Lot Size
| Investor Category | Shares Applied | Lots | Investment Amount |
|---|---|---|---|
| Retail (Minimum) | 98 | 1 | ₹14,994 |
| Retail (Maximum) | 1,274 | 13 | ₹1,94,922 |
| S-HNI (Minimum) | 1,372 | 14 | ₹2,09,916 |
| B-HNI (Minimum) | 6,566 | 67 | ₹10,04,598 |
| S-HNI (Maximum) | 6,468 | 66 | ₹9,89,604 |
GK Energy IPO Financial Performance
| Financial Parameter | Amount (₹ Crore) |
|---|---|
| Total Income | 1,099.18 |
| EBITDA | 199.69 |
| Profit After Tax (PAT) | 133.21 |
| Assets | 583.62 |
| NET Worth | 209.09 |
| Reserves & Surplus | 175.07 |
| Total Borrowings | 217.79 |
GK Energy IPO Promoter Holding
The promoters of GK Energy Ltd., Gopal Rajaram Kabra and Mehul Ajit Shah, hold a significant stake in the company. Before the IPO, their combined shareholding stood at 93.29%, which is expected to reduce to 78.64% after the public issue. This strategic reduction allows the company to raise capital while still keeping majority control with the promoters.
GK Energy IPO Key Valuation Metrics – FY2024
| KPI | Value |
|---|---|
| Earning Per Share (EPS) | ₹2.14 (Basic) |
| Net Asset Value (NAV) | ₹3.30 |
| Return on Net Worth (RoNW) | 64.49% |
| ROE | 64.49% |
| ROCE | 50.10% |
| PAT Margin | 8.75% |
| EBITDA Margin | 13.09% |
| Debt to Equity Ratio | 0.94 |
| Price/Earning (P/E) Ratio | N/A |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Shakti Pumps (India) Limited* | 11.79 | 64.81 | 18.75% | 62.86 | 1,374.30 Cr. |
Object of the Issue
- General corporate purposes
- Funding our long term working capital requirements
IPO Lead Managers / Merchant Bankers
- IIFL Capital Services Ltd.
- HDFC Bank Ltd.
Company Address
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: gkenergy.in
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: gkenergy.ipo@linkintime.co.in
Website: linkintime.co.in
GK Energy IPO FAQs
What is GK Energy IPO?
GK Energy IPO is a book-built issue to raise around ₹464.26 crores, consisting of a fresh issue of ₹400 crores and an offer for sale of ₹64.26 crores.
IPO Price Band and Lot Size
The price band is ₹145 to ₹153 per share, with a lot size of 98 shares per application.
IPO Open and Close Dates
The IPO opens for subscription on September 19, 2025, and closes on September 23, 2025.
Listing Details
The shares will list on BSE and NSE, with tentative allotment on September 24, 2025, and listing expected on September 26, 2025.
Who are the promoters?
Gopal Rajaram Kabra and Mehul Ajit Shah are the promoters of GK Energy Limited.
Investor Categories and Quotas
The IPO allocates 35% to retail investors, 50% to QIBs, and 15% to HNIs.
Minimum Investment Requirement
Retail investors need a minimum investment of ₹14,994 (32 shares × upper price ₹153).
Why should investors consider this IPO?
The company has shown consistent revenue and profit growth, operates in a growing renewable energy sector, and offers long-term investment potential.