GK Energy Ltd IPO – Details & Insights
- aditya hujband
- Sep 23, 2025
- 2 min read
Company Overview:
Incorporated in 2008, GK Energy Limited is an Engineering, Procurement & Commissioning (EPC) service provider specializing in solar-powered agricultural water pump systems under Component B of the PM-KUSUM Scheme.
The company offers end-to-end single-source solutions covering:
Survey & design
Supply, assembly & installation
Testing & commissioning
Maintenance services
Operating on an asset-light model, GK Energy procures panels, pumps, and other components under the “GK Energy” brand from specialized vendors.
As of Nov 30, 2024, the company had 12 warehouses across 3 states, a localized workforce of 90 employees and 709 workmen (as of Mar 31, 2025), ensuring efficient pan-India operations across 5 states. Objects of the Issue:
Working Capital Requirements: ₹322.46 Cr (80.61%)
General Corporate Purposes: ₹77.54 Cr (19.38%)
Strengths:
Leading EPC player in solar agri pumps under PM-KUSUM.
Strong execution track record – 42,778 installations (2022–2025).
Asset-light, scalable business model.
Robust growth – FY25 revenue ₹1,094.83 Cr.
Healthy order book of ₹714.28 Cr.
Experienced management team.
Backed by govt. push for renewables.
Wide geographic presence with warehouses & workforce.
Weaknesses / Risks:
Heavy reliance on PM-KUSUM scheme.
Vulnerable to policy/regulatory changes.
Thin margins due to rising costs & supplier dependence.
Supply chain & working capital intensive.
Revenue concentration in agri pumps segment.
Strong competition from established players.
Execution challenges in large-scale projects.
GK Energy Ltd IPO: Key Details
- IPO Dates: 19 – 23 September 2025
- Price Band: ₹145 to ₹153 per share
- Lot Size: 98 Shares
- Total Issue Size: ₹464.26 Cr
- Retail Quota: 50%
- GMP (for reference only): 12%
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matters published here are purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on the information published here. Any reader making decisions based on any information published here does so entirely at their own risk. Investors should bear in mind that any investment in the stock market is subject to unpredictable market-related risks. The author has no plans to invest in this offer and also the author does not recommend investing in any offer published on this website.
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