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GK Energy IPO is a bookbuilt issue of ₹464.26 crore. It combines a fresh issue of 2.61 crore shares, aggregating to ₹400.00 crore, and an offer for sale of 0.42 crore shares, aggregating to ₹64.26 crore.
The IPO opens for subscription on September 19, 2025, and closes on September 23, 2025. The allotment is expected to be finalized on Wednesday, September 24, 2025. The price band for the IPO is set at ₹145 to ₹153 per share, and the minimum lot size for an application is 98 shares.
Company Summary
Incorporated in 2008, GK Energy Limited provides engineering, procurement, and commissioning (“EPC”) services for solar-powered agricultural water pump systems under Component B of the Central Government’s Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan scheme (the “PM-KUSUM Scheme”) as measured by the number of solar-powered pump systems installed under the PM-KUSUM Scheme in the period from January 1, 2022, to July 31, 2025.
The company offers farmers an end-to-end single-source solution for the survey, design, supply, assembly and installation, testing, commissioning, and maintenance of solar-powered pump systems.
GK Energy currently operates an asset-light business model. The company sources solar panels, pumps, and various other components of solar-powered pump systems under the “GK Energy” brand from different specialised vendors.
As of November 30, 2024, The company has 12 warehouses in three states as at August 30, 2025, and a localised workforce of 90 employees and 709 workmen as at March 31, 2025, which enable us to efficiently operate across broad geographic areas in five states.
Company Strengths
- Leading EPC provider for solar-powered agricultural pumps in India.
- Significant market share under the PM-KUSUM scheme with 42,778 installations.
- The company provides end-to-end services for solar-powered pump systems with an easily reachable customer contact centre and a free smartphone application for system operation and manufacturing.
- The company follows an Asset-light business model, which ensures scalability and cost efficiency.
Company Financials
| Period Ended | 31 Mar 2025 | 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 |
| Amount in ₹ Crore | |||
Objectives of IPO
- Funding our long-term working capital requirements
- General corporate purposes
Promoters of the company
Gopal Rajaram Kabra and Mehul Ajit Shah are the company promoters.
IPO Details
| IPO Date | September 19, 2025 to September 23, 2025 |
| Listing Date | September 26, 2025 |
| Face Value | ₹2 per share |
| Price Band | ₹145 to ₹153 per share |
| Lot size | 98 shares |
| Total Issue size | 3,03,43,790 shares (aggregating upto ₹464.26 Cr ) |
| Fresh Issue | 2,61,43,790 shares (aggregating upto ₹400.00 Cr ) |
| Offer for Sale | 42,00,000 shares of ₹2 (aggregating upto ₹64.26 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 17,66,73,476 shares |
| Share Holding Post Issue | 20,28,17,266 shares |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 98 | ₹14,994.00 |
| Retail (Max) | 13 | 1,274 | ₹1,94,922.00 |
| S-HNI (Min) | 14 | 1,372 | ₹2,09,916.00 |
| S-HNI (Max) | 66 | 6,468 | ₹9,89,604.00 |
| B-HNI (Min) | 67 | 6,566 | ₹10,04,598.00 |
Allotment Schedule
| Basis of Allotment | Wed, 24 Sep, 2025 |
| Initiation of Refunds | Thu, 25 Sep, 2025 |
| Credit of Shares to Demat | Thu, 25 Sep, 2025 |
| Tentative Listing Date | Fri, 26 Sep, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 23, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
To check allotment, click here
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