GK Energy IPO
GK Energy Limited (GKENERGY) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 26 September 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +39.8% (likely range +34% to +55%), day's high +45.0%, chance of a gain 92%. Actual: +11.8% at the open, +14.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 62,87,724 | 1,17,13,23,342 | 186x | |
| NII (HNI) total | 47,67,931 | 58,51,44,672 | 123x | |
| Big NII (above ₹10 lakh) | 31,78,621 | 43,71,96,620 | 138x | |
| Small NII (₹2-10 lakh) | 15,89,310 | 14,79,48,052 | 93.1x | |
| Retail | 1,11,25,173 | 23,13,10,968 | 20.8x | |
| Total | 2,21,80,828 | 1,98,77,78,982 | 89.6x |
Bids on NSE and BSE together, as published by NSE, as of 23 Sep 2025, 07:00 PM. Shares offered exclude the anchor portion. 9% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to GK Energy's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Interarch Building ProductsAug 2024 | 205x | 128x | 19.1x | 93.5x | ₹595 Cr | +44.3% | +46.1% |
| Stanley LifestylesJun 2024 | 222x | 120x | 19.2x | 97.0x | ₹534 Cr | +34.1% | +38.0% |
| DEE Development EngineersJun 2024 | 202x | 144x | 23.4x | 99.6x | ₹431 Cr | +67.0% | +80.2% |
| SanstarJul 2024 | 146x | 136x | 24.2x | 83.0x | ₹510 Cr | +14.7% | +35.6% |
| Enviro Infra EngineersNov 2024 | 157x | 154x | 24.5x | 89.9x | ₹650 Cr | +48.6% | +57.9% |
| Azad EngineeringDec 2023 | 180x | 87.6x | 23.8x | 80.7x | ₹751 Cr | +37.4% | +38.7% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| IIFL Capital Services | 94 | +19.3% | 71% |
| HDFC Bank | 16 | +15.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the GK Energy IPO price band and lot size? ₹145–153 per share, with a lot of 98 shares, so the smallest retail bid is ₹14,994.
How many times has it been subscribed? 89.6x overall: QIB 186x, NII 123x, retail 20.8x.
How did it list? It opened at ₹171, +11.8% against the issue price of ₹153, and closed its first day +9.6%.
