GK Energy IPO: Price Band Set at Rs 145–153, Issue Opens September 19

New Delhi, September 16, 2025 — GK Energy, a top supplier of solar-powered agricultural water pump systems, has set its initial public offering (IPO) price band at ₹145 to ₹153 per share. The IPO will raise ₹464.26 crore and is available for subscription from September 19 to 23, 2025. The company will allot shares on September 24, 2025, and the share listing on the BSE and NSE will take place on September 26, 2025.

Headquartered in Pune, GK Energy is the largest engineering, procurement, and commissioning (EPC) service provider for solar-powered agricultural water pumps, specializing solely in EPC services. GK Energy’s services comprise survey, design, supply, assembly, installation, testing, commissioning, and maintenance, which provide farmers with a complete end-to-end solution to their solar water pump needs.

Structure of the Issue

The initial public offering includes a fresh issue of 2.61 crore shares, totaling ₹400 crore, and an offer for sale of 0.42 crore shares totaling ₹64.26 crore. This combined structure is designed to provide fresh growth capital to the company while enabling at least partial exit opportunities for existing shareholders.

Use of Proceeds

GK Energy is planning to utilize ₹322.5 crore from the fresh issue for long-term working capital requirements. At the same time, the balance will be earmarked for corporate purposes, generally to enhance the company’s balance sheet and operational flexibility.

IPO Allocation and Lot Size

The company’s IPO has allocated 50 percent of shares for Qualified Institutional Buyers, 35 percent for retail investors, and 15 percent for non-institutional investors. Investors can subscribe to a minimum of 98 shares and in multiples thereafter.

IIFL Capital Services and HDFC Bank are book-running lead managers to the issue, and they offer good market experience to the process.

Outlook

The IPO provides investors with exposure to the Indian agriculture sector, powered by renewable energy. High demand potential and rising trend of rural adoption of solar energy may make the offering of GK Energy interesting in the medium to long run.

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