The GK Energy IPO closes today, September 23. Investors interested in purchasing shares should apply immediately. The IPO has a total value of ₹400 crore. GK Energy, established in 2008, specializes in manufacturing solar water pumps for farmers, managing everything from planning to installation and maintenance. The IPO price is set at ₹153 per share, with retail investors required to purchase a minimum of 98 shares, which totals approximately ₹14,994. The offering has garnered considerable interest, demonstrating strong demand. Shares are expected to list at around ₹173 on the NSE and BSE on September 26. The majority of the funds raised will be allocated for working capital, with the remainder designated for general corporate purposes.
