GK Energy IPO Day 2: Strong 2.57x Subscription, But GMP Weakens

GK Energy IPO Day 2: On the second day of the GK Energy Initial Public Offering (IPO), strong demand led to the issue being oversubscribed 2.57 times. However, despite the healthy investor interest, the Grey Market Premium (GMP) has weakened, suggesting that the expected profit on the first day of listing is decreasing.

GK Energy IPO Day 2: IPO Subscription Status (Day 2)
By the end of the second day, the IPO had been subscribed 2.57 times overall. The strong interest was witnessed across all investor categories, with the retail investor portion being subscribed 2.7 times, the Non-Institutional Investors (NIIs) portion 2.61 times, and the Qualified Institutional Buyers (QIBs) portion 2.32 times.

GK Energy IPO Day 2: Weakening Grey Market Premium (GMP)
Although many investors were interested in the IPO, its GMP—an unofficial indicator of the opening day price—has dropped. The premium slipped sharply from an earlier Rs 36 to Rs 25 per share. According to Chittorgarh.com, the unofficial market price as of September 21 suggests the share might list at Rs 22 above its issue price. This drop has lowered the expected listing gain from a projection of 23 percent to a range of 14.38 to 16.3 percent. This revised expectation signals cautious short-term sentiment despite the healthy demand, and investors are advised to consider this before investing.

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Disclaimer: The Grey Market Premium (GMP) is not an official indicator of a stock's performance and is subject to market conditions and price volatility.

GK Energy IPO Day 2: Details
GK Energy Limited, a solar energy company and India's leading solar pump provider, launched its Rs 464.26 crore IPO on September 19, 2025, and it will close on September 23, 2025.

GK Energy IPO Day 2 Total Issue Size: Rs 464.26 crores

GK Energy IPO Day 2 Price Band: Rs 145 to Rs 153 per share

GK Energy IPO Day 2 Lot Size: 98 shares

GK Energy IPO Day 2 Allotment Date: September 24, 2025

GK Energy IPO Day 2 Listing Date (Tentative): September 26, 2025

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GK Energy IPO Day 2 About the Company and IPO Objectives
GK Energy's primary business is the Engineering, Procurement, and Commissioning (EPC) of solar-powered agricultural water pumps, helping farmers switch from expensive fuel to free solar power. The IPO consists of a fresh issue of Rs 400 crore, which will go to the company, and an offer for sale (OFS) of Rs 64.26 crore, where existing owners will sell some of their shares. A large portion of the proceeds will be used for working capital, as the company's short-term debt currently exceeds its cash reserves. The remaining funds will be used to pay off loans, expand the business, and for general corporate purposes.