Gk Energy IPO Date, Review, Price and Key Informations

GK ENERGY LIMITED IPO is fully book build issue and total IPO size is ₹500.00 crores. The entire share offering is a fresh issue worth ₹500.00 crores.

The dates for the GK ENERGY LIMITED IPO have not been announced yet.

The allotment process is expected to be finalized by [.]. The GK ENERGY LIMITED IPO is scheduled to list on BSE, NSE, with a tentative listing date of [.].

The price band for the GK ENERGY LIMITED IPO has not been announced yet.

Registrar for this IPO is Link Intime India Private Limited and lead managers for GK ENERGY LIMITED IPO are IIFL Capital Services Limited (formerly known as IIFL Securities Limited), HDFC Bank Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹2 Per Equity Share
Total Issue Size	8,400,000 Shares + ₹500 Crores
Fresh Issue	₹500.00 Crores
OFS Issue	8,400,000 Shares
Issue Type	Fresh Issue and Offer for Sale
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	50%
Retail	35%
NII/HNI	15%

About Gk Energy Limited Company

GK Energy: Overview

GK Energy is India’s largest pure-play provider of EPC services for solar-powered agricultural water pump systems under Component B of the PM-KUSUM Scheme. The company provides end-to-end solutions, including survey, design, supply, installation, testing, commissioning, and maintenance.

Key Highlights:

Largest player in the solar-powered pump systems market under PM-KUSUM Scheme.
End-to-end EPC solutions for solar-powered pump systems.
Also offers EPC services for water storage under Jal Jeevan Mission, solar products for government agencies and rooftop solar solutions, as well as trading activities for PV cells and solar modules.

Operational Presence: The company has a significant presence in Maharashtra, Haryana, Rajasthan and Uttar Pradesh, which together comprise 81% of the total solar pump systems approved under the PM-KUSUM Scheme. As of September 30, 2024, the company has completed 42,778 solar pump system orders, representing 8.56% of total orders completed under the scheme.

Gk Energy Limited Financial Details

Period Ended	30 Sep 2024	30 Sep 2023	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	447.31	123.07	214.08	142.82	69.82
Revenue	421.93	175.98	411.09	285.03	70.44
Profit After Tax	51.08	6.10	36.09	10.08	1.56
Net Worth	107.03	25.97	55.96	19.87	9.12
Reserves and Surplus	105.73	24.67	54.66	18.57	8.12
Total Borrowing	202.94	39.38	62.29	42.61	24.38

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
2.14	64.49	3.31

Offer Objectives

The company's offer includes both an Offer for Sale and a Fresh Issue. The company will not receive any proceeds from the Offer for Sale; they will be received by the Promoter Selling Shareholders after deducting offer expenses and taxes. The Gross Proceeds from the Fresh Issue are estimated to be up to ₹500 crore, subject to full subscription.

The Net Proceeds from the Fresh Issue will be utilized for the following key purposes:

Funding long term working capital requirements: Estimated at ₹422.457 crore.
General corporate purposes: The amount will not exceed 25% of the Gross Proceeds of the Fresh Issue.

A Pre-IPO Placement of specified securities aggregating up to ₹100 crore (at company discretion) may be considered prior to filing the Red Herring Prospectus with the RoC. If undertaken, the amount raised will be reduced from the Fresh Issue and the amount to be utilized for general corporate purposes shall not exceed 25% of the Gross Proceeds of the Fresh Issue.