Other big names that came in through the anchor book include HSBC Flexicap Fund, Citigroup Global Markets Mauritius, Motilal Oswal Large Cap Fund, Bandhan Small Cap Fund, 1M, Edelweiss Equity Savings Fund among others.
Out of the total anchor allocation, about 42.7 lakh shares went to five domestic mutual funds across six schemes, underscoring strong institutional participation.
IPO details
GK Energy’s IPO, worth Rs 464.26 crore, comprises a fresh issue of Rs 400 crore and an offer for sale of Rs 64.26 crore.The issue will remain open till September 23, with shares scheduled to list on both the NSE and BSE on September 26. The IPO price band has been fixed at Rs 145–153 per share, with a lot size of 98 shares.
The company, one of the largest players in the government’s PM-Kusum solar water pump scheme, has installed more than 62,000 solar-powered pumps across five states and reported revenues of over Rs 1,095 crore in FY25, up from Rs 285 crore in FY23. Profits also grew sharply to Rs 133 crore in FY25.
Market buzz
Investor appetite is evident in the GMP, where GK Energy’s shares are trading at about 26% above the IPO price, signalling expectations of a healthy listing.Analysts have, however, flagged risks around high dependence on the PM-KUSUM subsidy programme, which is set to expire in March 2026, and rising receivables. An evening at Lal Qila, September 27, 2025 reserved for Times Black ICICI Bank Credit Card holders. Access monumental experiences at timesblack.com
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