GK Energy IPO GMP, Allotment Status Highlights: 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.
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.