Mumbai, September 16, 2025: GK Energy Limited, India’s largest solar-powered agricultural water pump solutions provider, has announced its Initial Public Offering (IPO). The issue will open for subscription on September 19, 2025, and close on September 23, 2025, with a price band set at ₹145–₹153 per equity share of face value ₹2. The IPO comprises a fresh issue of up to ₹4000 million and an Offer for Sale (OFS) of 42,00,000 equity shares. Investors can apply for a minimum of 98 shares and in multiples thereafter.
The proceeds from the fresh issue, after covering expenses, will primarily be used for the company’s long-term working capital requirements and other general corporate purposes. Out of this, ₹3224.58 million has been earmarked to strengthen operations and expansion.
GK Energy is a leading EPC (Engineering, Procurement, and Commissioning) company offering end-to-end solutions for solar-powered agricultural water pump systems. It is empanelled under the Ministry of New and Renewable Energy’s PM-KUSUM Scheme and has emerged as the largest installer of solar-powered pump systems in India between January 2022 and July 2025, according to a CRISIL report.
With strong government support, empanelment under multiple state schemes, and rising demand for renewable energy in agriculture, the GK Energy IPO is expected to draw strong interest from retail and institutional investors alike.
