GK Energy IPO GMP Rattles Markets Ahead of Listing: What Every Investor Should Know

The GK Energy IPO is creating quite a stir.As the subscription window closes today (September 23, 2025), all eyes are on the Grey Market Premium (GMP), subscription figures, and how things will unfold when it eventually lists. If you can’t decide whether to leap in or sit this one out, keep reading. There are many of nuggets here.

GMP: From Sky-High to Cooling Down

When GK Energy originally launched its IPO, the GMP was up around 30%, indicating that interest was off the charts.

But as time went, that premium dwindled. On Day 2, reports put the GMP at approximately 14-15% over the issue price.

As of this morning, Investorgain and other grey-market trackers show the GMP at ₹20 a share over the upper limit of the price band (₹153), working out to a listing expectation around ₹173—about a 13% gain if all goes well.

While the GMP has decreased from its initial high, it still indicates that the market believes there is meat on the bones here. Investors that invested early may have seen greater potential, but there is still perceived upside.

Subscription Figures: Demand Has Been Anything but Tepid Moneycontrol

GK Energy’s ₹464.26 crore IPO has received robust investor support across all categories.

By Day 3, the issue had been subscribed to 12.4 times over.

Retail individual investors account for around 10.17 percent.

Non-Institutional Investors (NIIs) are very powerful, with some reports indicating a ratio of approximately 29.43×.

Qualified Institutional Buyers:Although low, the subscription rate remains solid at approximately 3.4×.

So demand exists; not everyone will win, but this isn’t like riding bare skin on a cold day. Investors have clearly demonstrated faith and momentum.

Key IPO Details & What They Mean Moneycontrol+2mint+2

Here are some of the nuts and bolts you want under your belt before making any bets:

• Price Band: ₹145 to ₹153 per share.

• Lot Size (Retail): Minimum 98 shares, which at the top end of the band comes to about ₹14,994.

• Fresh vs Offer-for-Sale (OFS): The IPO includes a fresh issue of about 2.61 crore shares amounting to ~₹400 crore, and an OFS of ~42 lakh shares (around ₹64 crore).

• Funds Use: Most of the proceeds will go toward long-term working capital needs (≈ ₹322.5 crore), with the remaining for corporate purposes.

• Allotment & Listing: Allotment is expected on September 24, with listing planned for September 26 on both the NSE and BSE.

Analyst Views: High Risk, Longer-Term Potential

This one has experts bringing out their magnifying glasses. Some argue that GK Energy is priced “fairly” at the upper end, particularly when compared to peers, citing growth tailwinds in renewable energy, solar pump programs such as PM-KUSUM, and government support.

That said, there are warnings: execution risk, supply chain dependencies, margin pressures, and the grand question of whether demand will hold once the stock starts trading. If you’re in it for a quick flip, the turbulence in GMP suggests things could be bumpy. But for those with a medium- to long-term mindset, this IPO may be worth a hard look.

Should You Subscribe?

If you ask me, GK Energy appears to be a solid ship to ride—but only if you don’t mind some waves along the way. The GMP supports listing gains, but the dip from 30% to ~13% indicates the opportunity for outsized profits is decreasing.

If I were in your shoes:

Go in if you believe in India’s push for solar agriculture and want to invest in a sector that is expected to flourish under government guidance.

If you expect quick returns and no risk, think twice—IPOs are rarely easy, especially in potentially dark markets.

Final Word

The IPO of GK Energy offers an image of a healthy corporation riding the renewables sector’s favorable winds. The cooling GMP is analogous to the end of the honeymoon period: realism has set in. But there’s still enough excitement in the air to imply a decent listing rise, if not chart-topping, but certainly not to be overlooked.

If you subscribe, set clear expectations: look for longer holds, monitor limits, recognize that GMP is not gospel, and assess your risk tolerance. As always, avoid putting all of your eggs in one basket.