Shares of GK Energy Ltd, a provider of solar-powered agricultural water pump systems, debuted on the stock exchange on Friday with an approximate 12% premium over its issue price of ₹153. The stock commenced trading at ₹165, reflecting a surge of 7.84% from the issue price on the Bombay Stock Exchange (BSE). Meanwhile, on the National Stock Exchange (NSE), it was listed at ₹171, marking a premium of around 11.76%.
The initial public offering (IPO) of GK Energy Ltd garnered significant interest, attracting subscriptions totaling 89.62 times over the offering. The ₹464 crore IPO featured a price band set between ₹145 and ₹153 per share. The offering comprised a fresh issue of shares valued at ₹400 crore, along with an Offer For Sale (OFS) involving 42 lakh equity shares, estimated to be worth ₹64.26 crore at the upper limit.
The proceeds from the fresh issue, amounting to ₹322.5 crore, are designated for long-term working capital needs, while the remainder will be allocated for general corporate purposes. As India’s largest dedicated provider of Engineering, Procurement, and Commissioning (EPC) services for solar-powered agricultural water pump systems, GK Energy Ltd delivers comprehensive solutions for farmers, including all aspects from survey and design to supply, assembly, installation, testing, commissioning, and maintenance of solar-powered pump systems.
The company’s market valuation is currently pegged at ₹3,448.91 crore.
Published on September 26, 2025.
