GK Energy IPO Oversubscribed on Day 2 Amid Robust Retail and Institutional Demand

New Delhi, September 22, 2025: The Initial Public Offering (IPO) of GK Energy Limited is witnessing strong investor demand on day 2 of its bidding. As of 11:30 AM, the issue has been oversubscribed by a total of 4.06 times.

GK Energy Limited is an Indian company that provides engineering, procurement, and construction (EPC) services for solar-powered agricultural water pump systems. The company was established in 2008 and has its headquarters in Pune, Maharashtra, India.

NIIs Lead The Subscription, Followed By Retail Investors

Qualified Institutional Buyers (QIBs) subscribed 2.41 times, bidding for 1.46 crore shares against 60.68 lakh offered, worth ₹223.71 crore. Non-Institutional Investors (NIIs) subscribed 5.14 times, applying for 2.33 crore shares against 45.51 lakh, worth ₹357.76 crore.

Within NIIs, big investors (bNII, bids above ₹10 lakh) subscribed 3.55 times with 1.07 crore bids, while small investors (sNII, bids below ₹10 lakh) subscribed 8.32 times with 1.26 crore bids. Retail investors provided strong demand, subscribing 4.53 times, applying for 4.81 crore shares against 1.06 crore offered, worth ₹736.64 crore.

Raised ₹139.28 Crore from Anchor Investors

Ahead of GK Energy IPO, the company raised ₹139.28 crore from anchor investors by allocating them 91,03,136 shares at ₹153 per share. Key investors included Pinebridge India, 360 ONE Flexicap, HSBC Flexi Cap, Motilal Oswal Large Cap, Bandhan Small Cap, Edelweiss Equity Savings, Edelweiss Recently Listed IPO Fund, Citigroup Global Markets Mauritius, Société Générale, and AAA India Equity Fund – Scheme I.

Issue Size Of ₹464 Crore

The issue size of the IPO is ₹464 crore, and the company has set a price band of ₹145-₹153. The lot size is 98 shares, which amounts to a minimum investment of ₹14,994 by a retail investor at the upper price band. The shares are expected to list on September 26, 2025. IIFL Securities Limited and HDFC Bank Limited are the book running lead managers for the issue.

The strong investor interest on Day 2 showcases that the investors are subscribing to the issue with improved interest. It remains to be seen how many applications are received tomorrow, on the final bidding day.

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