Subscription Status – Day 1 Recap
By the end of Day 1, the IPO had already seen strong investor interest. The issue was subscribed to 2.69 times, with:
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Retail Investors: 2.83x subscribed
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NII (HNI) quota: 2.74x subscribed
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QIBs (institutional investors): 2.40x subscribed
👉 This early enthusiasm indicates healthy demand across categories.
Grey Market Premium (GMP) Today
The GK Energy IPO GMP is hovering around ₹22. That means shares are commanding a premium over the issue price and are expected to list around ₹175.
If this holds, investors could see a 14–15% listing gain compared to the upper price band of ₹153.
About GK Energy Limited
Founded in 2008, GK Energy operates in the renewable energy EPC space, focusing on solar-powered water pump systems under the government’s PM-KUSUM scheme.
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Business model: Asset-light – they source panels and components from vendors and market them under the “GK Energy” brand.
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Strengths: Strong order book, scalable operations, and alignment with India’s solar energy push.
Use of funds: Out of the fresh issue, ₹322.5 crore will go into long-term working capital, while the rest will support general corporate purposes.
