Valuequest, 360 One (formerly IIFL Wealth) and Kotak AIF invested around ₹100 crores in IPO-bound GK Energy Limited in Pre-IPO round.

The Company, in consultation with the Book Running Lead Managers to the IPO, has undertaken a private placement of 65,35,947 equity shares for cash consideration at a price of ₹153 per equity share, representing 3.70% of the Company’s pre-offer Equity Share capital.

Valuequest India G.I.F.T. Fund, was allocated 22,87,582 equity shares of the Company for ₹ 153 per equity share aggregating to ₹ 35 crore. VQ FasterCap Fund II, was  allotted 19,60, 784 equity share at ₹ 153 per equity share aggregating to ₹ 30 crore,  360 One High Growth Companies Fund, was allotted 9, 80, 392 equity share at ₹ 153  per equity share aggregating to ₹  15 crore,  360 One Equity Opportunities Fund – Series 4 was  allotted 6,53,595 equity share at ₹ 153  per equity share aggregating to ₹ 10 crore,   Kotak Iconic Fund was allotted 3, 26, 797 equity share at ₹ 153  per equity share aggregating to ₹ 5 crore and  Kotak Iconic Fund II 3,26,797 equity share at ₹ 153  per equity share aggregating to ₹ 5 crore.

GK Energy’s IPO with a face value of Rs 2 per equity share, comprises a fresh issue of up to Rs 500 crore, and an offer for sale up to 84,00,000 equity shares by promoter selling shareholders.