GK Energy IPO Review: Price, Date & Share Details
16 September 2025 · Sachin Gadekar
A detailed look at the GK Energy IPO covering price band, subscription dates, lot size, financials, and shareholding insights for investors.
GK Energy IPO Overview
The Indian equity markets have seen a surge of new public issues across sectors, and one of the most anticipated offerings this September is the GK Energy IPO. Backed by a strong presence in solar-powered water pump solutions under the government’s PM-KUSUM Scheme, GK Energy Limited is tapping the capital markets with a ₹464.26 crore issue.
In this detailed GK Energy IPO review, we will explore the company’s business model, financial performance, IPO structure, price details, key dates, and whether investors should consider subscribing.
The GK Energy IPO is a book-built issue of ₹464.26 crore, comprising:
Fresh Issue: 2.61 crore shares aggregating to ₹400 crore
Offer for Sale (OFS): 0.42 crore shares aggregating to ₹64.26 crore
This structure indicates that while promoters will partially offload holdings, the fresh capital raised will be infused into the company for business operations and growth.
The IPO opens on September 19, 2025 and closes on September 23, 2025. Allotment is expected on September 24, 2025, and listing is tentatively scheduled for September 26, 2025 on both BSE and NSE.
GK Energy IPO Price
The GK Energy IPO price band has been fixed at ₹145 to ₹153 per share, with a face value of ₹2 per share.
Lot Size: 98 shares
Minimum Retail Investment: ₹14,994 (1 lot at upper band)
Retail Maximum: 13 lots (1,274 shares worth ₹1,94,922)
sNII Minimum: 14 lots (1,372 shares worth ₹2,09,916)
bNII Minimum: 67 lots (6,566 shares worth ₹10,04,598)
This makes the IPO accessible for retail investors while providing larger allocation opportunities for HNIs and institutional participants.
GK Energy IPO Date & Timeline
| Event | Date |
|---|---|
| IPO Open Date | September 19, 2025 |
| IPO Close Date | September 23, 2025 |
| Allotment Date | September 24, 2025 |
| Refunds Initiation | September 25, 2025 |
| Shares Credit to Demat | September 25, 2025 |
| Listing Date | September 26, 2025 |
| UPI Mandate Cut-Off | September 23, 2025, 5 PM |
About GK Energy Limited
Incorporated in 2008, GK Energy Limited specializes in engineering, procurement, and commissioning (EPC) services for solar-powered agricultural water pump systems. The company plays a significant role in the government’s Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan (PM-KUSUM) Scheme, helping farmers adopt clean energy for irrigation.
Key Highlights:
Provides end-to-end solutions including survey, design, assembly, installation, and maintenance of solar pump systems.
Operates through an asset-light model, sourcing components like solar panels and pumps from specialized vendors.
Presence across five states, supported by 12 warehouses and a large workforce of engineers and workmen.
Brand reputation under the “GK Energy” name, ensuring reliability and efficiency in solar solutions.
GK Energy Financial Performance
GK Energy’s financials highlight strong growth momentum and profitability:
Total Income (FY25): ₹1,099.18 crore
Profit After Tax (FY25): ₹133.21 crore
EBITDA (FY25): ₹199.69 crore
Net Worth (FY25): ₹209.09 crore
Borrowings: ₹217.79 crore
Market Cap (Post-Issue): ₹3,103.10 crore
Key Performance Ratios (FY25):
ROE: 63.71%
ROCE: 55.65%
Debt-to-Equity: 0.74
PAT Margin: 12.12%
EBITDA Margin: 18.24%
Price-to-Book Value: 12.39
These numbers suggest a company with healthy profitability, efficient capital utilization, and strong return ratios.
Strengths of GK Energy IPO
1. Government-backed demand: As a major EPC player in the PM-KUSUM Scheme, GK Energy is strategically positioned in a growing renewable energy market.
2. High return ratios: Exceptional ROE and ROCE reflect strong financial efficiency.
3. Asset-light model: Lower fixed costs allow scalability and flexibility.
4. Expanding presence: Warehouses and workforce across multiple states provide operational efficiency.
5. Sustainable sector growth: Renewable energy adoption in agriculture is a long-term trend.
Risks & Challenges
1. Dependency on government schemes: Heavy reliance on the PM-KUSUM scheme could pose risks if policy changes.
2. Competitive market: Other established EPC players and solar firms may challenge margins.
3. Working capital needs: Large-scale projects require consistent cash flow management.
4. Valuation concerns: At the upper band, valuation multiples appear stretched.
5. Debt levels: Though manageable, borrowings could impact flexibility if not reduced.
Should You Invest in GK Energy IPO?
The GK Energy IPO review indicates that the company operates in a niche, high-potential segment of renewable energy. Its strong financials, robust margins, and government-backed demand provide a solid foundation for growth.
However, investors should consider that the IPO’s valuation is on the higher side and the company’s reliance on government subsidies may affect long-term stability.
For long-term investors: This IPO can be a promising bet on renewable energy and agricultural sustainability.
For short-term investors: Listing gains may depend on market sentiment as grey market activity suggests moderate demand.
FAQs on GK Energy IPO
1. What is the GK Energy IPO price band?
The price band is ₹145 to ₹153 per share.
2. What is the GK Energy IPO date?
The IPO opens on September 19, 2025, and closes on September 23, 2025.
3. What is the GK Energy IPO lot size?
The lot size is 98 shares, requiring a minimum investment of ₹14,994.
4. When will GK Energy IPO allotment be finalized?
The allotment date is September 24, 2025.
5. On which exchanges will GK Energy IPO list?
The shares will list on both BSE and NSE on September 26, 2025.
6. Should I invest in the GK Energy IPO?
If you believe in the long-term growth of renewable energy and can hold through market fluctuations, this IPO could be a strong addition to your portfolio.