GK Energy IPO GMP, Allotment Status Live Updates: All eyes are on the GK Energy IPO GMP ahead of the listing. The Rs 464.26 crore IPO allotment is out. The issue has been subscribed 93.58 times.
The GK Energy IPO GMP has seen some wild swings. While the GMP was surging as high as 30% on Day 1, it cooled off significantly by the final day of the IPO to 14-16% levels. However, again ahead of the listing, the grey market premium for the IPO is slipping lower after a big surge on allotment day.
Here is a look at the key highlights of the GK Energy IPO –
1. Subscription steady
The subscription of the GK Energy IPO may not be as massive as a few of its peers in recent weeks, but it’s been striking nevertheless. The issue has been subscribed 93.58 times overall at the end of Day 3 of bidding. The retail portion was subscribed 21.78 times while QIB segment saw a whopping 193.01 times subscription.
The NII category was subscribed 128.56 times
2. Valuation buzz
Geojit Investments has a ‘long-term Subscribe’ on the IPO. They see the issue fairly priced compared to its listed peers. “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,” they added.
3. Beneficiary of Government push
GK Energy is empanelled under the PM-KUSUM scheme in Maharashtra, Rajasthan, Haryana, Uttar Pradesh, and Madhya Pradesh, which contributed 44%, 13%, 16%, 8%, and 5% of the total project sanctions.
GK Energy IPO Allotment Status Live: Follow Live Coverage on GK Energy IPO GMP, Allotment Status, Grey Market Premium, Listing Date, Review and More
GK Energy IPO Allotment Status, GMP Live: Listing on September 26
Gk Energy will be listing on the exchanges, NSE and BSE, on September 26. The allotment of the share were finalsed to the eligible bidders on September 24. The company raised a sum of Rs 464.26 crore from the primary markets. The investors showed enthusiasm in the IPO, booking the issue to a total of 93.58 times.
GK Energy IPO Allotment Status, GMP Live: Business model
Gk energy currently operate an asset-light business model. The company source solar panels, pumps and various other components of solar-powered pump systems under the 'GK Energy' brand from different specialised vendors. As of August 2025, the company rented, leased and/or licensed 12 warehouses located in three states. The company had 90 employees as of March 2025. The company conducted EPC projects by engaging third-party installation and commissioning service providers. As of March 2025, GK Energy’s third party installation and commissioning service providers comprised 709 workmen, which enables us to operate across broad geographic areas in five states and soon six states.
As of August 2025, the company had an order book of Rs 1,028.96 crore consisting of an SPPS order book of Rs 1,008.88 crore and orders for rooftop solar systems of Rs 20.08 crore. Before entering into providing EPC services for solar-powered pump systems, GK had been providing EPC services for rooftop solar powered solutions, solar fencing, solar water heaters and solar-powered street lights.
GK Energy IPO Allotment Status, GMP Live: Objectives of issue
GK Energy is raising approximately Rs 464.26 crore through its IPO, comprising a fresh issue of Rs 400 crore and an Offer for Sale of Rs 64.26 crore, with proceeds primarily allocated to long-term working capital requirements of RS 322.46 crore and the balance for general corporate purposes, to support its operational expansion and growth plans.
GK Energy IPO Allotment Status, GMP Live: Successful completion of past projects
As of July 2025, GK Energy had successfully installed 97,098 solar pump systems across Maharashtra, Haryana, Rajasthan, Uttar Pradesh, Chhattisgarh, and Madhya Pradesh. It commands a 15% market share in Maharashtra under PM-KUSUM and has completed 62,559 systems nationwide under the scheme, representing a 7.4% share of total installations.
GK Energy IPO Allotment Status, GMP Live: Company's promoters
Gopal Rajaram Kabra and Mehul Ajit Shah are the company promoters.
GK Energy IPO Allotment Status, GMP Live: Significant dates
GK Energy IPO opened for subscription on September 19, 2025, and will close on September 23, 2025. The allotment for the IPO is expected to be finalized on September 24, 2025. GK Energy’s shares are scheduled to be listed on the BSE and NSE with a tentative listing date of September 26, 2025.
GK Energy IPO Allotment Status, GMP Live: Subscription details
As of 5:04:34 PM on September 23, 2025 (Day 3), the GK Energy IPO has been subscribed 93.58 times. The public offering saw strong demand across categories: 21.78 times in the retail category, 193.01 times in the Qualified Institutional Buyers (QIB) category, and 128.56 times in the Non-Institutional Investors (NII) category.
GK Energy IPO Allotment Status, GMP Live: Anchor investors
GK Energy IPO has raised Rs. 139.28 crore from anchor investors, with the anchor bid date set for September 18, 2025.
GK Energy IPO Allotment Status, GMP Live: Industry overview
The Indian solar pump industry is expected to witness robust growth, driven by supportive government policies such as the PM-KUSUM scheme and various state-level solar initiatives. As of July, 2025, the five states of Maharashtra, Haryana, Rajasthan, Uttar Pradesh, and Madhya Pradesh accounted for 86% of approved solar pump systems, reflecting the strong concentration of opportunities in GK Energy’s core markets.
GK Energy IPO Allotment Status, GMP Live: Promoters of the company
Gopal Rajaram Kabra and Mehul Ajit Shah are the company promoters.
GK Energy IPO Allotment Status, GMP Live: Updated GMP
The last GMP for the GK Energy IPO is RS 28, as of the latest update on September 24, 2025, at 4:11 PM. With the price band set at RS 153.00, the estimated listing price for the GK Energy IPO is RS 181.
GK Energy IPO Allotment Status, GMP Live: Important dates
GK Energy IPO opened for subscription on September 19, 2025, and will close on September 23, 2025. The allotment for the IPO is expected to be finalized on September 24, 2025. GK Energy's shares are scheduled to be listed on the BSE and NSE with a tentative listing date of September 26, 2025.
GK Energy IPO Allotment Status, GMP Live: About the company
Founded in 2008, GK Energy specializes in providing engineering, procurement, and commissioning (EPC) services for solar-powered agricultural water pump systems. These projects are part of Component B of the Central Government’s Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan (PM-KUSUM) scheme. From January 1, 2022, to July 31, 2025, the company has been actively involved in installing a significant number of solar-powered pump systems. GK Energy manages the entire process for farmers, including survey and design, supply, assembly, installation, testing, commissioning, and ongoing maintenance of the solar pump systems.
GK Energy IPO Allotment Status, GMP Live: Govt schemes to increase sales
India’s broader renewable energy push, including the target of 500 GW of non-fossil fuel capacity by 2030, coupled with programs like the Jal Jeevan Mission, is expected to accelerate adoption of decentralized solar solutions for agriculture and rural water supply. This creates a favorable long-term growth environment for EPC providers like GK Energy.
GK Energy IPO Allotment Status, GMP Live: Industry overview
The Indian solar pump industry is expected to witness robust growth, driven by supportive government policies such as the PM-KUSUM scheme and various state-level solar initiatives. As of July, 2025, the five states of Maharashtra, Haryana, Rajasthan, Uttar Pradesh, and Madhya Pradesh accounted for 86% of approved solar pump systems, reflecting the strong concentration of opportunities in GK Energy’s core markets.
GK Energy IPO Allotment Status, GMP Live: Objective of raising funds
GK Energy is raising approximately Rs 464.26 crore through its IPO, comprising a fresh issue of Rs 400 crore and an offer for sale of Rs 64.26 crore, with proceeds primarily allocated to long-term working capital requirements of Rs 322.46 crore and the balance for general corporate purposes, to support its operational expansion and growth plans.
In FY 2024–25, GK Energy delivered robust financial performance, reporting revenue of Rs 1,094.8 crore, EBITDA of Rs 199.7 crore (18.2% margin), ner profit of Rs 133.2 crore (12.1% margin), RoE of 63.7%, RoCE of 55.7%, and a debt-to-equity ratio of 0.74, underscoring strong growth, healthy profitability, and operational efficiency.
GK Energy IPO Allotment Status, GMP Live: Solar Pump market growth
GK Energy's solar-powered pump systems market grew from about Rs 19.3 billion in FY19 to nearly Rs 39 billion in FY24. Industry estimates suggest the market may touch Rs 300–320 billion by FY29.
GK Energy IPO Allotment Status, GMP Live: How to check your GK Energy IPO allotment status on NSE
To check your GK Energy IPO allotment on NSE, Visit the NSE IPO application tracking page. Next, navigate to the section titled ‘Equity and SME IPO Bid Details’ and select ‘GK Energy’ from the dropdown list. Enter your application number and PAN, then submit the details to see your allotment status.
GK Energy IPO Allotment Status, GMP Live: Role in PM-KUSUM scheme
GK Energy is empanelled under the PM-KUSUM scheme in states such as Maharashtra, Rajasthan, Haryana, Uttar Pradesh, and Madhya Pradesh. According to company data, Maharashtra contributed 44% of project sanctions, Rajasthan 13%, Haryana 16%, Uttar Pradesh 8%, and Madhya Pradesh 5%.
GK Energy IPO Allotment Status, GMP Live: How to check your GK Energy IPO allotment status on BSE
Want to know if you got shares in the GK Energy IPO? Follow these simple steps on the BSE website:
Visit the BSE IPO allotment status page.
Under Issue Type, select Equity.
From the dropdown menu, pick GK Energy.
Enter your application number or PAN.
Tick the “I’m not a robot” box and hit Search.
GK Energy IPO Allotment Status, GMP Live: Revenue and net profit growth
GK Energy’s revenue grew at a CAGR of 96% reaching Rs 1,094.8 crore between FY23 and FY25m while the EBITDA grew at 241% to Rs 200 crore, and net profit at 264% to Rs 133.2 crore during the same time frame, supported by government-backed solar projects, efficient execution, and geographic expansion.
GK Energy IPO Allotment Status, GMP Live: Order book status
As of August 15, GK Energy’s order book stood at Rs 1,029 crore. Out of this, Rs 1,008.9 crore was linked to solar-powered agricultural water pump systems and Rs 20.1 crore to rooftop solar projects. GK Energy’s order book to sales ratio was reported at 0.93x, providing near-term visibility.
GK Energy IPO Allotment Status, GMP Live: About the company
Founded in 2008, GK Energy is engaged in providing engineering, procurement, and commissioning (EPC) services for solar-powered agricultural water pump systems. These projects fall under Component B of the Central Government’s Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan (PM-KUSUM) scheme. Between January 1, 2022 and July 31, 2025, the company has been active in installing a significant number of these solar-powered pump systems.
The company’s role covers the entire process for farmers—right from survey and design to supply, assembly, installation, testing, commissioning, and ongoing maintenance of the solar pump systems.
Read more: GK Energy IPO subscribed 89.62 times on final day, shows strong investor demand
GK Energy IPO live updates: Subscription status
The IPO of GK Energy was subsribed to a total of 93.58 times. The retail buyers booked the issue 21.78 times. The non-institutional investors subscribed the IPO 128.56 times, while the QIBs booked it 193 times.
GK Energy IPO: Angel One on GK Energy's IPO valuation
"At the upper price band of Rs 153, GK Energy is attractively valued, trading at a post-IPO P/E of 23.3x, lower than its industry peers. The company has demonstrated strong financial performance, with significant revenue and PAT growth in FY 2024. Its robust order book and presence in the growing renewable energy sector further support its growth prospects. Considering these factors, the stock merits a 'Subscribe' recommendation," said Angel One in an IPO note.
GK Energy IPO: Solar pump industry
The Indian solar pump industry is expected to witness robust growth, driven by supportive government policies such as the PM-KUSUM scheme and various state-level solar initiatives. As of July 31, 2025, the five states of Maharashtra, Haryana, Rajasthan, Uttar Pradesh, and Madhya Pradesh accounted for 86% of approved solar pump systems, reflecting the strong concentration of opportunities in GK Energy’s core markets
GK Energy IPO: About the company
GK Energy is India’s leading pure-play engineering, procurement and commissioning (EPC) provider for solar-powered agricultural water pump systems. The company offers end-to-end solutions, covering survey, design, supply, installation, commissioning, and maintenance. GEL also undertakes rooftop solar and water infrastructure projects under the Jal Jeevan Mission and supplies solar products to government agencies.