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What is the story about?
Pune-based GK Energy is set to finalise the allotment of shares for its ₹464.26 crore Initial Public Offering (IPO) on Wednesday, September 24, following overwhelming investor interest.
The IPO consisted of a fresh issue of ₹400 crore and an offer for sale of ₹64.26 crore by the promoters. The subscription window was open from September 19 to 23.
By the close of bidding, the issue was subscribed 89.62 times, with applications for 198.77 crore shares against 2.22 crore shares on offer.
The Qualified Institutional Buyers (QIB) segment witnessed 186.3 times subscription, the Non-Institutional Investors (NII) portion was subscribed 123 times, and the retail quota recorded a subscription of 20.8 times. The price band for the issue was set at ₹145–153 per share.
How to check IPO allotment status
On BSE:
1. Visit the BSE allotment page at
https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
2. Select ‘Equity’ under issue type.
3. Choose ‘GK Energy’ from the dropdown.
4. Enter your Application Number or PAN.
5. Click ‘Search’ to view allotment details.
On MUFG Intime India Private Limited:
1. Go to https://in.mpms.mufg.com/Initial_Offer/public-issues.html
2. Select one of the available links.
3. Choose ‘GK Energy’ from the dropdown.
4. Enter your PAN, Application Number, or DP/Client ID.
On NSE:
Investors can also check the allotment status on the NSE website using their PAN and application number.
Refunds and credits of allotted shares to demat accounts will begin on September 25, while GK Energy stock is scheduled to list on the exchanges on September 26.
About the Company
GK Energy is a focused EPC provider of solar-powered agricultural water pump systems. Its sales are divided between direct-to-beneficiary channels and sales to other customers.
The company is among the largest players in the government’s PM-Kusum solar water pump scheme, having installed over 62,000 solar-powered pumps across five states.
GK Energy reported revenues of ₹1,095 crore in FY25, up from ₹285 crore in FY23, with profits surging to ₹133 crore during the same period.
The IPO consisted of a fresh issue of ₹400 crore and an offer for sale of ₹64.26 crore by the promoters. The subscription window was open from September 19 to 23.
By the close of bidding, the issue was subscribed 89.62 times, with applications for 198.77 crore shares against 2.22 crore shares on offer.
The Qualified Institutional Buyers (QIB) segment witnessed 186.3 times subscription, the Non-Institutional Investors (NII) portion was subscribed 123 times, and the retail quota recorded a subscription of 20.8 times. The price band for the issue was set at ₹145–153 per share.
How to check IPO allotment status
On BSE:
1. Visit the BSE allotment page at
https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
2. Select ‘Equity’ under issue type.
3. Choose ‘GK Energy’ from the dropdown.
4. Enter your Application Number or PAN.
5. Click ‘Search’ to view allotment details.
On MUFG Intime India Private Limited:
1. Go to https://in.mpms.mufg.com/Initial_Offer/public-issues.html
2. Select one of the available links.
3. Choose ‘GK Energy’ from the dropdown.
4. Enter your PAN, Application Number, or DP/Client ID.
On NSE:
Investors can also check the allotment status on the NSE website using their PAN and application number.
Refunds and credits of allotted shares to demat accounts will begin on September 25, while GK Energy stock is scheduled to list on the exchanges on September 26.
About the Company
GK Energy is a focused EPC provider of solar-powered agricultural water pump systems. Its sales are divided between direct-to-beneficiary channels and sales to other customers.
The company is among the largest players in the government’s PM-Kusum solar water pump scheme, having installed over 62,000 solar-powered pumps across five states.
GK Energy reported revenues of ₹1,095 crore in FY25, up from ₹285 crore in FY23, with profits surging to ₹133 crore during the same period.
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