Overview

• The Rs 464 crore offering comprises a Rs 400 crore fresh issue and a promoter offer-for-sale of 42 lakh shares.
• Bidding runs Sept. 19–23 in the Rs 145–153 range with a minimum lot of 98 shares (Rs 14,994 at the top end), allotment is due Sept. 24 and listing is planned on BSE and NSE on Sept. 26.
• Anchor investors ValueQuest, 360 One and Kotak AIF were allotted 65.36 lakh shares at Rs 153, raising Rs 100 crore.
• Of the fresh issue, Rs 422.4 crore is earmarked for long-term working capital and the balance for general corporate purposes; the issue is split 50% QIB, 15% NII and 35% retail with IIFL Capital and HDFC Bank as bookrunners.
• GK Energy provides EPC services for solar-powered agricultural pump systems and water infrastructure, and reports a Rs 759 crore order book that is about 99.8% concentrated in Maharashtra under the PM-KUSUM scheme.