About GK Energy:
The company is primarily a pure-play engineering, procurement, and commissioning (EPC) provider of solar-powered agricultural water pump systems, delivered through direct-to-beneficiary sales and sales to other customers. Under the PM-KUSUM Scheme and state government programs, it supplies GK Energy brand solar pump systems to farmers via state nodal or implementing agencies, and solar dual pump systems to local bodies. Additionally, it executes direct customer orders. Farmers select vendors based on cost, service, quality, and brand, with payments routed through SNAs/SIAs and government subsidies.
About the Industry in which GK Energy operates:
The company operates in the EPC segment of solar-powered agricultural water pump systems in India, where 118 million farmers rely heavily on groundwater for irrigation. Of 30 million pumps, 8 million are diesel-based and 22 million grid-powered. Solar pumps offer a sustainable, cost-effective alternative. The PM-KUSUM Scheme, launched in 2019 with ₹344 billion outlay, targets 1.4 million solar pump installations by March 2026. The domestic market, valued at ₹39 billion in FY 2024, is projected to reach ₹300–320 billion by FY 2029, largely driven by PM-KUSUM Components B and C.
| Important Information and Timelines of the IPO of GK Energy: | |
|---|---|
| Open Date | 19 September 2025 |
| Close Date | 23 September 2025 |
| Total Issue Size – Number of Shares | 30343790 |
| Minimum Bid Price | 145 |
| Maximum Bid Price | 153 |
| Lot Size | 98 |
| Basis of Allotment | 24 September 2025 |
| Initiation of Refunds and Credit of Shares to Demat | 25 September 2025 |
| Listing Date | 26 September 2025 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of GK Energy:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 98 | 14994 |
| Retail – Maximum | 13 | 1274 | 194922 |
| sHNI – Minimum | 14 | 1372 | 209916 |
| sHNI – Maximum | 66 | 6468 | 989604 |
| bHNI – Minimum | 67 | 6566 | 1004598 |
Objective of the IPO of GK Energy:
The objectives of the Offer are:
1.Funding long-term working capital requirements.
- General corporate purposes.
Financials of GK Energy:
| Particulars | FY ended March 31, 2025 (Consolidated) | FY ended March 31, 2024 (Standalone) | FY ended March 31, 2023 (Standalone) |
|---|---|---|---|
| Equity share capital (₹ million) | 340.28 | 13.00 | 13.00 |
| Net Worth (₹ million) | 2,090.93 | 559.58 | 198.68 |
| Revenue from operations (₹ million) | 10,948.27 | 4,110.89 | 2,850.26 |
| Profit for the year (₹ million) | 1,332.09 | 360.90 | 100.80 |
| EPS – Basic (₹) | 7.86 | 2.14 | 0.66 |
| EPS – Diluted (₹) | 7.86 | 2.14 | 0.66 |
| Net asset value per equity share – Basic (₹) | 12.35 | 3.31 | 1.30 |
| Net asset value per equity share – Diluted (₹) | 12.35 | 3.31 | 1.30 |
| Total Borrowings (₹ million) | 2,177.89 | 622.87 | 426.13 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for GK Energy. You will receive a UPI mandate after 10:00 AM on 19 September 2025.
###1. How to apply for the IPO of GK Energy on Dhan?
You can apply for the IPO of GK Energy from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of GK Energy be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 25 September 2025. However, you will be able to see the shares of GK Energy on Dhan before the market starts on the listing date which is 26 September 2025.