The IPO of RS 464-Crore received bids for 1,98,77,78,982 shares against 2.21,828 shares that are offered, according to data available at the NSE.
The part for qualified institutional buyers (QIBS) was subscribed to a huge 186.29 times. The component intended for non-institutional investors withdrew 122.73 times. Retail Individual Investors (RIIS) category received 20.79 times subscription.
GK Energy said on Thursday that it has collected more than RS 139 Crore from Anker investors.
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 64.26 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 lead managers of the book for the offer.
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