GK Energy IPO GMP, Allotment Status Live Updates: All eyes are on the GK Energy IPO GMP ahead of the likely IPO allotment later today. The Rs 464.26 crore IPO allotment is all set to be finalised. The issue has been subscribed 93.58 times.
The GK Energy IPO GMP has seen some wild swings. While the GMP was surging as high as 30% on Day 1, it cooled off significantly by the final day of the IPO to 14-16% levels. However, again ahead of the listing, the grey market premium for the IPO has started gaining momentum.
3 reasons why GK Energy IPO GMP is surging ahead of allotment
Here is a look at the key highlights of the GK Energy IPO –
1. Subscription steady
The subscription of the GK Energy IPO may not be as massive as a few of its peers in recent weeks, but it’s been striking nevertheless. The issue has been subscribed 93.58 times overall at the end of Day 3 of bidding. The retail portion was subscribed 21.78 times while QIB segment saw a whopping 193.01 times subscription.
The NII category was subscribed 128.56 times
2. Valuation buzz
Geojit Investments has a ‘long-term Subscribe’ on the IPO. They see the issue fairly priced compared to its listed peers. “Its leadership in solar pump installations under the PM-KUSUM scheme, combined with expansion into rooftop solar and water infrastructure projects, positions it well to benefit from India’s renewable energy push. With strong execution capabilities and government-backed demand, GK Energy is poised for sustained growth,” they added.
3. Beneficiary of Government push
GK Energy is empanelled under the PM-KUSUM scheme in Maharashtra, Rajasthan, Haryana, Uttar Pradesh, and Madhya Pradesh, which contributed 44%, 13%, 16%, 8%, and 5% of the total project sanctions.
Live Updates
GK Energy IPO Allotment Status Live: Follow Live Coverage on GK Energy IPO GMP, Allotment Status, Grey Market Premium, Listing Date, Review and More
GK Energy IPO: Solar pump industry
The Indian solar pump industry is expected to witness robust growth, driven by supportive government policies such as the PM-KUSUM scheme and various state-level solar initiatives. As of July 31, 2025, the five states of Maharashtra, Haryana, Rajasthan, Uttar Pradesh, and Madhya Pradesh accounted for 86% of approved solar pump systems, reflecting the strong concentration of opportunities in GK Energy’s core markets
GK Energy IPO: About the company
GK Energy is India’s leading pure-play engineering, procurement and commissioning (EPC) provider for solar-powered agricultural water pump systems. The company offers end-to-end solutions, covering survey, design, supply, installation, commissioning, and maintenance. GEL also undertakes rooftop solar and water infrastructure projects under the Jal Jeevan Mission and supplies solar products to government agencies.
