GK Energy Sets ₹465-Crore IPO Price Band at ₹145-153 Per Share

GK Energy, a leading provider of solar-powered agricultural water pump systems, has announced its ₹465-crore initial public offering (IPO) with a price band of ₹145 to ₹153 per share. The IPO will open for public subscription from September 19 to 23, with anchor investor bidding scheduled for September 18.

The Pune-based company's offering comprises a fresh issue of shares worth ₹400 crore and an offer-for-sale (OFS) of 42 lakh equity shares, aggregating to ₹465 crore. Proceeds will primarily fund long-term working capital requirements, with the remainder allocated for general corporate purposes.

As India's largest pure-play EPC services provider for solar-powered agricultural pumps, GK Energy delivers end-to-end solutions from survey to maintenance. The IPO allocation reserves 50% for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.