GK Energy IPO subscribed 2.69x on Day 1
The GK Energy IPO witnessed strong investor interest, getting subscribed around 2.69 times on the first day of bidding, as of 5:00 PM on 19 September 2025.
By the end of day one, the company received bids for 5,70,78,826 shares compared to the total offer size of 2,12,40,655 shares.
Founded in 2008, GK Energy Limited is a prominent provider of engineering, procurement, and commissioning (EPC) services for solar-powered agricultural water pump systems. The company plays a vital role in the PM-KUSUM Scheme (Component B), a key Central Government initiative to promote renewable energy in agriculture.
Between January 1, 2022, and July 31, 2025, GK Energy has emerged as one of the fastest-growing installers of solar pump systems under this scheme. Their business model is asset-light, meaning they focus on survey, design, supply, installation, testing, commissioning, and maintenance while sourcing solar panels, pumps, and other components from trusted suppliers to maintain flexibility and cost efficiency.
As of August 30, 2025, GK Energy operates 12 strategically located warehouses across three states, ensuring timely supply and service. Their workforce includes 90 permanent employees and 709 skilled workmen, enabling smooth operations in five Indian states and supporting further expansion.
The company has also strengthened its partnerships with state nodal agencies and private players to ensure scalability and long-term growth, aligning with India’s push toward renewable energy.
As of Friday, 19 September 2025, the grey market premium for GK Energy IPO stands at ₹37. This suggests that the IPO shares are trading at ₹190 in the unofficial market, reflecting a ₹37 premium over the issue price of ₹153.
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