G K Energy IPO Details
GK Energy IPO will open on 19 September 2025 and close on 23 September 2025, with tentative listing on 26 September 2025 on NSE and BSE. The issue size is Rs.464.26 crore, comprising a fresh issue of 2.61 crore shares (Rs.400 crore) and an Offer for Sale of 0.42 crore shares (Rs.64.26 crore). The price band is fixed at Rs.145–153 per share, with a lot size of 98 shares. At the upper price band, the minimum investment for retail investors works out to Rs.14,994.
IIFL Capital Services Ltd. is the Book Running Lead Manager and MUFG Intime India Pvt. Ltd. is the Registrar to the issue.
🕗 Last Update: 17 September 2025, 8.00 AM
Table of Contents
GK Energy IPO Key Dates
| Anchor portion | |
| IPO opens on | 19 Sept 2025 |
| IPO Closes on | 23 Sept 2025 |
| IPO Allotment on | 24 Sept 2025 |
| Unblocking of Asba | 25 Sept 2025 |
| Credit of Shares | 25 Sept 2025 |
| Listing of Shares | 26 Sept 2025 |
Who are the promoters of GK Energy IPO?
Gopal Rajaram Kabra and Mehul Ajit Shah are the company promoters.
The promoters hold 93.29% shares in the post IPO capital of the company.
What are the Objects of GK Energy IPO?
The Offer comprises of fresh issue of capital and an offer for sale & the objects of the IPO are:
+Funding its long term working capital requirements- Rs. 422.46 Cr
+General Corporate Purposes
What is the business of GK Energy?
GK Energy IPO Details
| IPO opens on | 19 September 2025 |
| IPO closes on | 23 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 303,43,790 Shares / Rs 464.26 Crore |
| * Fresh Issue | Rs 400 Crore |
| * Offer for Sale | Rs 64.29 Crore |
| Face Value per share: | Rs. 2 |
| Price Band | Rs. 145-153 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. – per share |
| Retail Lot Size | 98 Shares |
| Listing will at | BSE, NSE |
How are the shares offered in GK Energy IPO?
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 50% of the Net Offer |
| Retail Shares Offered | Not more than 35% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
How can the shares be applied in GK Energy IPO?
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 98 | ₹14,994 |
| Retail (Max) | 13 | 1,274 | ₹1,94,922 |
| S-HNI (Min) | 14 | 1,372 | ₹2,09,916 |
| S-HNI (Max) | 66 | 6,468 | ₹9,89,604 |
GK Energy IPO allotment Status
Allotment of this IPO will be announced on 24 September 2025 and the link to check allotment is given below:
https://linkintime.co.in/Initial_Offer/public-issues.html
| Registered Office of the company GK Energy Ltd. Office No. 802, CTS No. 97-A-1/57/2, Suyog Center, Pune, Maharashtra, 411037 Email: investors@gkenergy.in |
|
| Who are the Lead Managers of GK Energy IPO? IIFL Capital Services Ltd HDC Bank Ltd |
|
| Registrar to IPO | |
| Mufg Intime India Pvt Limited |
GK Energy IPO Financial Snapshot
| Period Ended | 30-Sep-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Assets | 447.31 | 214.08 | 142.82 | 69.82 |
| Total Income | 423.63 | 412.31 | 285.45 | 70.63 |
| Profit After Tax | 51.08 | 36.09 | 10.08 | 1.56 |
| EBITDA | 78.29 | 53.83 | 17.18 | 5.01 |
| NET Worth | 107.03 | 55.96 | 19.87 | 9.12 |
| Total Borrowing | 202.94 | 62.29 | 42.61 | 24.38 |
| Amount in Rs. Crore | ||||
Key Performance Indicators
| KPI | Values |
| ROE | 63.71% |
| ROCE | 55.65% |
| Debt/Equity | 0.74 |
| RoNW | 47.72% |
| PAT Margin | 12.12% |
| EBITDA Margin | 18.24% |
| Price to Book Value | 24.17 |
| EPS | 7.86 |
| PER | 19.47 |
How GK EnergyIPO compares with the Peers?
Peer Comparison.
| Company Name | P/E (x) | RoNW (%) |
| GK Energy Limited | 63.71 | |
| Shakti Pumps (india) | 24.11 | 35.2 |
| Oswal Pumps Limited | 29 | 93 |
GK Energy IPO Concise Review by Paresh Gordhandas, CA & Research Analyst
GK Energy Ltd., a solar EPC company focused on agricultural water pump systems under the PM-KUSUM scheme, has shown strong growth with 3-year PAT rising from Rs.1.56 crore (FY22) to Rs.51.08 crore (Sep-24). Margins are healthy (PAT margin 12.12%, EBITDA margin 18.24%). Return ratios are very strong (ROE 63.71%, ROCE 55.65%) though valuation appears rich at P/E 19.47x and P/B 24.17x. Asset-light model, scalable operations and government-driven demand add positives, while rising borrowings (Rs.202.94 cr as of Sep-24) remain a key watch point.
GK Energy provides EPC services for solar-powered agricultural water pump systems under the Government’s PM-KUSUM scheme, offering end-to-end solutions from survey to maintenance.
The company has grown rapidly with PAT rising from Rs.1.56 crore in FY22 to Rs.51.08 crore (H1FY25). Margins are healthy with PAT margin at 12.12% and EBITDA margin at 18.24%.
At the upper price band, GK Energy is valued at P/E 19.47x and P/B 24.17x, which appear on the higher side compared to peers, though supported by strong return ratios (ROE 63.71%).
High dependence on government schemes (PM-KUSUM), rising debt (Rs.202.94 cr), and premium valuations are key risks.
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