The IPO received bids for 5,70.51,092 shares at 2.21,80.828 shares that are offered, according to NSE data.
Retail Individual Investors Part received 2.70 times subscription, while the category for non-institutional investors was subscribed to 2.61 times. The part that was intended for qualified institutional buyers attracted 2.32 times subscription.
GK Energy said on Thursday that it has collected more than RS 139 Crore from Anker investors.
The IPO of RS 464 Crore will be closed on September 23. The price band is set at RS 145-153 per share.
The range of the Pune-based company is a combination of a new issue of shares worth RS 400 Crore and an offer for sale (OFS) of 42 shares of Lakh, worth RS 65 crore at the top, by selling shareholders. The proceeds from the new issue to the degree of RS 322.5 Crore will be used to finance the company’s long -term requirements and the balance for general business purposes. The company is India’s largest pure play provider of Engineering, Procurement and Commissioning (EPC) services for Solar-driven agricultural water pump systems. It offers farmers an end-to-end single source solution for the survey, design, delivery, assembly and installation, testing, commissioning and maintenance of pumping systems with solar energy.
as a reliable and trusted news sourceIIFL Capital Services and HDFC Bank are the book that lead managers for the offer.
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