GK Energy IPO Subscription Status
GK Energy IPO closed on 23 September 2025 with an overall subscription of 93.58x based on shares applied. QIB demand came in at 193.01x, NII at 128.56x, and retail at 21.78x.
Allotment will be finalised on 24 September 2025. The stock is scheduled to list on NSE and BSE on 26 September 2025.
Issue Price
Rs 153.00
GMP Today
Rs 18.00 (+11.76%)
Overall Subscription
93.58x
Issue Size
₹464.26 Cr
Allotment Date
24 Sept 2025
Listing Date
26 Sept 2025
GK Energy IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 153.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 92.85 Cr | Rs 17,921.25 Cr | 193.01x |
| FII | - | Rs 4,698.76 Cr | - |
| DFI | - | Rs 7,233.86 Cr | - |
| Mutual Funds | - | Rs 391.58 Cr | - |
| Other | - | Rs 5,597.06 Cr | - |
| NII | Rs 69.64 Cr | Rs 8,952.71 Cr | 128.56x |
| bNII (above Rs 10L) | Rs 46.43 Cr | Rs 6,689.11 Cr | 144.08x |
| Corporate | - | Rs 64.28 Cr | - |
| Individual | - | Rs 6,319.25 Cr | - |
| Other | - | Rs 305.58 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 23.21 Cr | Rs 2,263.61 Cr | 97.51x |
| Corporate | - | Rs 5.13 Cr | - |
| Individual | - | Rs 2,152.19 Cr | - |
| Other | - | Rs 106.29 Cr | - |
| Retail | Rs 162.49 Cr | Rs 3,539.06 Cr | 21.78x |
| Cut-off price | - | Rs 2,848.81 Cr | - |
| Fixed price | - | Rs 690.25 Cr | - |
| Total | Rs 324.98 Cr | Rs 30,413.02 Cr | 93.58x |
GK Energy IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 60,68,759 | 1,309 | 0.00x |
| FII | - | 66 | - |
| DFI | - | 74 | - |
| Mutual Funds | - | 102 | - |
| Other | - | 1,067 | - |
| NII | 3,317 | 1,71,200 | 51.61x |
| bNII (above Rs 10L) | 2,211 | 65,886 | 29.80x |
| Corporate | - | 551 | - |
| Individual | - | 62,318 | - |
| Other | - | 3,017 | - |
| sNII (Rs 2L to Rs 10L) | 1,106 | 1,05,314 | 95.22x |
| Corporate | - | 239 | - |
| Individual | - | 1,00,074 | - |
| Other | - | 5,001 | - |
| Retail | 1,08,371 | 20,59,138 | 19.00x |
| Cut-off price | - | 16,43,020 | - |
| Fixed price | - | 4,16,118 | - |
| Total | 61,80,447 | 22,31,647 | 0.36x |
What Do These Subscription Numbers Mean?
A subscription of 93.58x by shares means the IPO received bids for 94 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 193.01x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 193.01x, it reflects serious institutional conviction.
NII at 51.61x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 29.80x and sNII at 95.22x by applications. Share subscription was 128.56x. Allotment uses application count, not share volume.
At 19.00x subscription by applications, approximately 1 in 19 retail applicants can expect an allotment (~5% per application). Retail allotment is done by lottery when oversubscribed. Share subscription was 21.78x. Allotment uses application count, not share volume.
GK Energy IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 19.00x.
- •Allotment odds: about 1 in 19 (~5% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •Share subscription was 21.78x. Allotment uses application count, not share volume.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 95.22x.
- •Allotment odds: about 1 in 95 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 97.51x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 29.80x.
- •Allotment odds: about 1 in 30 for a minimum-lot application (~3% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 144.08x. Allotment uses application count, not share volume.
Check the GK Energy IPO Allotment Status page from 24 September 2025 for your allotment result.
GK Energy IPO GMP After Subscription
GMP for GK Energy IPO stands at Rs 18.00 today, giving an estimated listing price of Rs 171.00 per share.
A subscription of 93.58x combined with a GMP of 11.76% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the GK Energy IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
GK Energy IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 19 Sept 2025 | 2.40x | 2.74x | 2.83x | 2.69x |
| Day 2 - 22 Sept 2025 | 3.00x | 10.53x | 7.17x | 6.70x |
| Day 3 - 23 Sept 2025 | 193.01x | 128.56x | 21.78x | 93.58x |
GK Energy IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 19 September 2025 |
| IPO Close Date | 23 September 2025 |
| Allotment Date | 24 September 2025 |
| Refund Initiation | 25 September 2025 |
| Share Credit to Demat | 25 September 2025 |
| Listing Date | 26 September 2025 |
| Minimum Investment | Rs 14,994.00 |
| Lot Size | 98 shares |
About GK Energy IPO
GK Energy is India's largest pure-play provider of EPC (engineering, procurement and commissioning) services for solar-powered agricultural water pump systems under the PM-KUSUM scheme. The company provides end-to-end EPC for solar power systems, including installation of its brand's solar-powered pump systems for farmers, and the supply of solar dual water pump systems to government bodies. It also provides other EPC services for water storage and distribution facilities under the Jal Jeevan Mission, supply of solar products to government agencies, and rooftop solar solutions.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
GK Energy IPO Subscription FAQs
What is GK Energy IPO IPO subscription status today?
GK Energy IPO IPO subscription closed on 23 September 2025 with overall subscription of 93.58x (by shares) as of 27 June 2026, 3:17 AM IST. QIB 193.01x, NII 51.61x, Retail 19.00x.
What is the overall subscription of GK Energy IPO IPO?
GK Energy IPO IPO is subscribed 93.58x overall by shares at close on 23 September 2025. QIB 193.01x, NII 51.61x, and Retail 19.00x.
What is GK Energy IPO IPO QIB subscription?
GK Energy IPO IPO QIB (Qualified Institutional Buyers) subscription is 193.01x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is GK Energy IPO IPO Retail subscription?
GK Energy IPO IPO Retail subscription is 19.00x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is GK Energy IPO IPO NII subscription?
GK Energy IPO IPO NII (Non-Institutional Investors) subscription is 51.61x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in GK Energy IPO IPO for retail?
At 19.00x subscription by applications, approximately 1 in 19 retail applicants can expect an allotment (~5% per application). Allotment is done by lottery. Share subscription was 21.78x. Allotment uses application count, not share volume.
When is GK Energy IPO IPO allotment date?
GK Energy IPO IPO allotment date is 24 September 2025. Check GK Energy IPO Allotment Status on IPOwiz from that day using your PAN.
When does GK Energy IPO IPO subscription close?
GK Energy IPO IPO subscription closed on 23 September 2025. No new applications are accepted after the close.
What is GK Energy IPO IPO GMP today?
GK Energy IPO IPO GMP is ₹18 today (+11.76% over issue price ₹153). See live GMP on the GK Energy IPO GMP Today page.
What is GK Energy IPO IPO issue price and lot size?
GK Energy IPO IPO issue price is ₹153 per share. Lot size is 98 shares. Minimum investment is ₹14,994 per lot. Issue size: ₹464.26 Cr.
When is GK Energy IPO IPO listing date?
GK Energy IPO IPO listing date is 26 September 2025 on NSE and BSE. Allotment is on 24 September 2025.
How does subscription affect GK Energy IPO IPO allotment?
Allotment odds in GK Energy IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 51.61x by applications means roughly 1 in 52 for minimum-lot bids; bNII at 29.80x (~1 in 30). At 93.58x overall, competition is very high.
For allotment results from 24 September 2025, visit the GK Energy IPO Allotment Status page. For listing day updates on 26 September 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.