GK Energy, a Pune-based engineering, procurement, and construction (EPC) provider for renewable energy projects, made a positive debut on the Indian stock exchanges on Friday, September 26, 2025. GK Energy shares listed at ₹171 on the National Stock Exchange (NSE), representing a premium of 11.76% over the IPO price of ₹153. On the Bombay Stock Exchange (BSE), shares debuted at ₹165, reflecting a 7.8% premium.
GK Energy IPO Performance
The company’s ₹464.26 crore IPO attracted strong investor interest, closing with an overall subscription of 93.6 times. The offering consisted of a fresh issue of ₹400 crore and an offer-for-sale of ₹64.26 crore. Institutional and anchor investors played a significant role in the subscription, contributing to the strong market response.
IPO Details
GK Energy IPO ran from September 19 to September 23, 2025, with a fixed price band of ₹145–₹153 per share and a lot size of 98 shares. Ahead of the public issue, GK Energy raised ₹139 crore from anchor investors, including Pinebridge and Prashant Jain’s 3P India Equity Fund. Notable institutions participating in the anchor book included HSBC Flexicap Fund, Citigroup Global Markets Mauritius, Motilal Oswal Large Cap Fund, Bandhan Small Cap Fund, Edelweiss Equity Savings Fund, and others.
The net proceeds from the IPO will primarily be used to meet long-term working capital requirements, estimated at around ₹322 crore, with the remaining funds allocated for general corporate purposes.
About GK Energy
Founded as a focused EPC provider, GK Energy specialises in solar-powered agricultural water pump systems. The company’s sales are divided between direct-to-beneficiary channels and other customer segments. GK Energy is one of the largest participants in the government’s PM-Kusum solar water pump scheme, having installed over 62,000 solar-powered pumps across five states.
Financial Performance
The company has demonstrated substantial growth in recent years. Revenue increased to over ₹1,095 crore in FY25 from ₹285 crore in FY23, while profits rose sharply to ₹133 crore in FY25. This growth reflects GK Energy’s expanding market presence and operational efficiency in the renewable energy sector.
Market Outlook and Conclusion
The strong listing of GK Energy’s IPO underscores investor confidence in the company’s business model and its role in the growing renewable energy infrastructure segment. With a focus on solar-powered agricultural solutions and continued financial performance, GK Energy is well-positioned to sustain its market presence.
The IPO provides investors with exposure to a high-growth enterprise in the renewable energy sector, combining steady revenue growth with a strong project portfolio and government-backed initiatives.
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