GK Energy IPO
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Schedule of GK Energy
| Issue open date | 19 Sep 2025 |
| Issue close date | 23 Sep 2025 |
| UPI mandate deadline | 23 Sep 2025 (5 PM) |
| Allotment finalization | 24 Sep 2025 |
| Refund initiation | 25 Sep 2025 |
| Share credit | 25 Sep 2025 |
| Listing date | 26 Sep 2025 |
| Mandate end date | 08 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 24 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 24 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About GK Energy
GK Energy, established in 2008 and headquartered in Pune, Maharashtra, is a leading Indian renewable energy company specializing in engineering, procurement, and construction (EPC) services for solar-powered agricultural water pump systems. The company plays a pivotal role in India’s sustainable agriculture initiatives, particularly under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme. With an asset-light business model, GK Energy sources components from third-party suppliers and focuses on efficient installation and maintenance services. As of September 30, 2024, the company had completed 42,778 installations under PM-KUSUM, holding an 8.56% market share. GK Energy is preparing for an IPO to fund its expansion and working capital needs.
Financials of GK Energy
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹ 464.26 crores |
| Fresh Issue | ₹ 400 crores |
| Offer for sale | ₹ 64.26 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 322.46 (80.61%) |
| General corporate purposes | 77.54 (19.38%) |
Strengths
- Leading EPC provider for solar-powered agricultural pumps in India.
- Significant market share under the PM-KUSUM scheme with 42,778 installations.
- Asset-light business model enabling scalability and cost efficiency.
- Robust financial growth with revenue reaching ₹1,094.83 crore in FY25.
- Strong order book of ₹714.28 crore as of March 31, 2025, indicating future revenue visibility
Risks
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- High dependence on government schemes like PM-KUSUM for revenue.
- Exposure to policy changes and regulatory risks in the renewable energy sector.
- Rising operational costs are impacting profitability, as seen in increased expenses in FY25.
- Reliance on third-party suppliers for key components may affect supply chain stability.
- Competition from established players in the solar energy sector could impact market share.
Allotment Status for GK Energy
To check your allotment status – click here.