GK Energy IPO Day 3: Subscribed 56x, GMP Hints at 20% Listing Gains; Brokerages Recommend ‘Subscribe'

The GK Energy IPO saw a massive interest on the third day, September 23, recording an overall subscription of 55.91 times. The public issue garnered huge demand across investor categories with strong market interest ahead of the allotment and listing.

GK Energy IPO Subscription on Day 3

As per NSE data till 2:59 PM on the final day, the IPO received an overwhelming response across segments. The Qualified Institutional Buyers position saw a subscription of 84.72 times. While the Non-Institutional Investors subscribed to it 107.22 times imilarly, the retail investors subscribed to it 17.46 times.

GK Energy IPO GMP Today

The GK Energy IPO grey market premium was last reported at Rs. 30 per share on September 23, 2025. Considering the price band of Rs. 153 per share, the IPO's estimated listing price is around Rs. 183 per share, which means an expected gain of nearly 19.61% for investors upon listing.

All the Details of the GK Energy IPO

The GK Energy IPO comes with a total issue size of Rs. 464.26 crore, offering investors both fresh equity shares and an offer for sale (OFS) component. Out of this, the fresh issue comprises 2.61 crore equity shares worth Rs. 400 crore, while the offer for sale includes 0.42 crore shares amounting to Rs. 64.26 crore. The company has fixed the IPO price band at Rs. 153 per share. The issue opened for subscription on September 19th and closed on September 23rd. The basis of allotment is scheduled for September 24, while the tentative listing date has been set for September 26. Shares of GK Energy will be listed on both leading stock exchanges, the BSE and NSE.

About GK Energy Ltd

GK Energy Ltd. is India's largest pure-play engineering, procurement, and commissioning (EPC) provider of solar-powered agricultural water pump systems, primarily operating under the government's PM-KUSUM scheme. Founded in 2008, the company offers end-to-end solutions for farmers, including survey, design, installation, commissioning, and maintenance of solar pump systems branded as GK Energy.

Is this worth subscribing to?

GK Energy IPO received positive reviews from various brokerage firs about 80% of all the brokerage have given a subscribe rating to the IPO.

Geojit Financials research in its report said, "GK Energy operates an asset-light, scalable EPC model, enabling rapid expansion without heavy capital investment. Its leadership in solar pump installations under the PM-KUSUM scheme, combined with expansion into rooftop solar and water infrastructure projects, positions it well to benefit from India's renewable energy push. With strong execution capabilities and government-backed demand, GK Energy is poised for sustained growth. Therefore, we recommend a SUBSCRIBE rating for investors with a medium- to long-term horizon."

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