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GK Energy IPO_ GMP, Subscription, and Should You Apply

GK Energy IPO is generating considerable buzz in the market. The issue opened on September 19 and will close on September 23, with a price band fixed at u20b9145u2013153 per share. The company is looking to raise u20b9464.26 crore, which will primarily fund working capital and other corporate needs.<br>

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GK Energy IPO_ GMP, Subscription, and Should You Apply

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  1. GKEnergyIPO: GMP, Subscription,and ShouldYouApply? • GKEnergyIPOisgeneratingconsiderablebuzzinthemarket.Theissueopened onSeptember19andwillcloseonSeptember23,withapricebandfixedat₹145–153pershare. Thecompanyislookingtoraise₹464.26crore,whichwillprimarilyfundworkingcapitalandothercorporateneeds. • SubscriptionStatus–Day1Recap • BytheendofDay1,theIPOhadalreadyseenstronginvestorinterest.Theissuewas • subscribedto2.69times, with: • RetailInvestors:2.83xsubscribed • NII(HNI)quota:2.74xsubscribed • QIBs (institutionalinvestors):2.40xsubscribed • 👉Thisearlyenthusiasmindicateshealthydemandacrosscategories. • GreyMarketPremium(GMP)Today • TheGKEnergyIPOGMPishoveringaround₹22.Thatmeanssharesarecommandinga premiumovertheissuepriceandareexpectedtolistaround₹175. • Ifthisholds,investorscouldseea14–15%listinggaincomparedtotheupperpricebandof • ₹153. • AboutGKEnergyLimited • Foundedin2008,GKEnergyoperatesintherenewableenergyEPCspace,focusingon • solar-poweredwaterpumpsystemsunderthegovernment’sPM-KUSUMscheme. • Businessmodel:Asset-light–theysourcepanelsandcomponentsfromvendorsand marketthemunderthe“GKEnergy”brand. • Strengths:Strongorderbook,scalableoperations,andalignmentwithIndia’ssolar energypush. • Useoffunds:Outofthefreshissue,₹322.5crorewillgointolong-termworkingcapital, whiletherestwillsupportgeneralcorporatepurposes.

  2. KeyIPODetails • IssueSize:₹464.26crore • FreshIssue:₹400crore • OfferforSale:₹64.26crore(by promoters) • LotSize:98shares(mininvestment:₹14,994atupperband) • AllotmentDate:September 24 • ListingDate:September26(NSE&BSE) • LeadManager:IIFLCapitalServicesLtd. • Registrar:MUFGIntimeIndiaPvt.Ltd. • ShouldYouApplyforGKEnergyIPO? • Here’swhereitgetsinteresting.Analystsarelargelypositive: • AngelOne:Subscribe–CitingstrongrevenueandPATgrowth,attractivevaluation(P/E • ~23.3x),androbustdemandfromgovernment-backedschemes. • GeojitInvestments:Subscribe(mediumtolongterm)–TheyhighlightGK’sexecution strengthandfavorableindustryoutlook. • OurTake • Ifyou’reaninvestorseekinglistinggains,theGMPsuggestsapotential14%upside.Forlong-terminvestors,GKEnergyispositionedinasectorwheregovernmentpolicies (PM-KUSUM,statesolarprograms)arestrongtailwinds.Valuationseemsfaircomparedto peers,makingitareasonablypricedbetonIndia’srenewableenergygrowthstory.

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