• Price band of Rs 145/- – Rs 153/- per Equity Share bearing face value of Rs 2 each (“Equity Shares”)
  • Bid/Offer Opening Date – Friday, September 19, 2025 and Bid/Offer Closing Date – Tuesday, September 23, 2025.
  • Minimum Bid Lot is 98 Equity Shares and in multiples of 98 Equity Shares thereafter

Mumbai : GK Energy Limited (the “Company”) has fixed the price band of ₹ 145/- to ₹153/- per Equity Share of face value ₹ 2/- each for its initial public offer (“IPO” or “Offer”). The Offer is a combination of a fresh issue of Equity Shares of up to Rs. 4000 million (the “Fresh Issue”) and an offer for sale of 42,00,000 equity shares.

The Offer will open on Friday, September 19, 2025, for subscription and close on Tuesday, September 23, 2025. Investors can bid for a minimum of 98Equity Shares and in multiples of 98Equity Shares thereafter.

The proceeds from the Fresh Issue, after meeting issue related expenses, to the extent of Rs 3224.58 million will be utilised for funding the Company’s long term working capital requirements, and balance for general corporate purposes

The Company is India’s largest pure play provider of engineering, procurement and commissioning (“EPC”) services for solar-powered agricultural water pump systems (which are also referred to as solar-powered pump systems) under Component B of the Central Government’s Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan scheme (the “PM-KUSUM Scheme”) as measured by the number of solar-powered pump systems installed under the PM-KUSUM Scheme in the period from January 1, 2022 to July 31, 2025 (source: CRISIL Report).

The Company offers farmers an end-to-end single source solution for the survey, design, supply, assembly and installation, testing, commissioning and maintenance of solar-powered pump systems. The Company has been empanelled as a vendor under the Ministry of New and Renewable Energy for the PM-KUSUM Scheme in Maharashtra, Haryana, Rajasthan, Uttar Pradesh and Madhya Pradesh.

As at July 31, 2025, Maharashtra, Haryana, Rajasthan, Uttar Pradesh and Madhya Pradesh comprised 86% of the total number of solar-powered pump systems approved for subsidies under Component B of the PM-KUSUM Scheme (source: CRISIL Report).

The Company is also empanelled under various state government schemes such as Maharashtra’s Magel Tyala Saur Krushi Pump Yojana, Madhya Pradesh’s Pradhan Mantri Krishak Mitra Surya Yojana and Chhattisgarh’s Saur Sujala Yojana.