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2d ago

GK Energy Raises Rs 100 Crore From Anchor Investors Ahead of Sept. 19 IPO

Fresh proceeds target long-term working capital, reflecting a push to scale beyond a Maharashtra-heavy order book.

GK Energy IPO GMP
Saatvik Green Energy IPO GMP
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Overview

  • The IPO is priced at Rs 145–153 per share for a total offer of about Rs 464–465 crore, comprising a Rs 400 crore fresh issue and an offer for sale of 42 lakh shares by promoters.
  • Public subscription runs from September 19 to 23, with allotment on September 24 and listing on the BSE and NSE on September 26.
  • Anchor investors ValueQuest, 360 One and Kotak AIF took 65.36 lakh shares at Rs 153 each for Rs 100 crore.
  • Investor allocation is set at 50% for QIBs, 15% for NIIs and 35% for retail, with a minimum bid of 98 shares costing Rs 14,994 at the upper band.
  • The Pune-based company says it is India’s largest pure-play EPC provider for solar-powered agricultural pump systems and reports a Rs 759 crore order book, 99.8% linked to Maharashtra under the PM-Kusum scheme.