GK Energy increases RS 139 crore from anchor investors prior to IPO

Supplier of solar energy -solutions GK Energy has raised RS 139 crore from anchor investors, including Pinebridge, Prashant Jain’s 3P India Equity Fund prior to his IPO. The issue will be opened on September 19 for the public subscription. The company said it has assigned 91.03 Lakh shares on the top of the price band – RS 153 per share – to the domestic and global institutions.

Other big names that came in via the anchor book include HSBC Flexicap Fund, Citigroup Global Markets Mauritius, Motilal Oswal Large Cap Fund, Bandhan Small Cap Fund, 1m, Edelweiss Equity Savings Fund.

From the total anchor all location, around 42.7 Lakh shares went to five domestic investment funds in six regulations, which underlined a strong institutional participation.

IPO -Details

The IPO from GK Energy, worth RS 464.26 CRORE, consists of a new number of RS 400 Crore and an offer for sale of RS 64.26 Crore.

The company, one of the biggest players in the PM-Kusum-Water water pump schedule of the government, has installed more than 62,000 on solar energy-driven pumps in five states and reported a turnover of more than RS 1.095 Crore in FY25, an increase in RS 285 Crore in FY23. The win also grew sharply to RS 133 Crore in FY25.

Market Buzz

The appetite of investors is clearly in the GMP, where the shares of GK Energy act with around 26% above the IPO price, signaling expectations of a healthy list. However, analyzes have marked risks around high dependence on the PM-KUSUM subsidy program, which will run in March 2026 and increasing revenue. An evening in Lal Qila, 27 September 2025 reserved for Times Black Icici Bank -credit card holders. Access to monumental experiences at Timesblack.com