GK Energy IPO Subscription Status

The GK Energy IPO witnessed strong investor interest, being subscribed 6.70 times on its second day of bidding as of 5:00 PM on 22 September 2025.

• Qualified Institutional Buyers (QIB): 3.00x
• Non-Institutional Investors (NII): 10.53x
• Retail Individual Investors (RII): 7.17x

By the end of Day 2, the company received bids for 14,22,87,670 shares against the total issue size of 2,12,40,655 shares.

Daily Subscription Trend:

• Day 2: 6.70x
• Day 1: 2.69x

About GK Energy Limited

Founded in 2008, GK Energy Limited is a leading provider of engineering, procurement, and commissioning (EPC) services for solar-powered agricultural water pump systems, operating under Component B of the Central Government’s PM-KUSUM Scheme.

Between January 1, 2022, and July 31, 2025, GK Energy emerged as one of the fastest-growing companies in terms of solar pump system installations under this initiative.

The company offers farmers an end-to-end solution, including survey, design, supply, installation, testing, commissioning, and maintenance of solar-powered pumps. Following an asset-light business model, GK Energy procures solar panels, pumps, and other components from suppliers to assemble and deploy complete solar pump systems efficiently.

As of August 30, 2025, the company operates 12 warehouses across three states, enabling smooth supply-chain management. With a team of 90 employees and 709 skilled workmen, GK Energy provides reliable operations across five states, ensuring timely project execution and after-sales support.

Financial Highlights

• Revenue: ₹412.31 crores in FY2024, up from ₹285.45 crores in FY2023
• Net Profit: ₹36.09 crores in FY2024, compared to ₹10.08 crores in FY2023
• Growth Drivers: The sharp rise in revenue and profit reflects increasing demand for solar irrigation solutions and successful execution of large-scale projects under government schemes.

Grey Market Premium (GMP)

As of Monday, 22 September 2025, the GK Energy IPO GMP stood at ₹23, indicating that shares were trading in the grey market at ₹176, representing a ₹23 premium over the issue price of ₹153.

Market analysts note that the robust subscription numbers, strong financial growth, and the government’s push for renewable energy highlight the long-term potential of GK Energy’s business.