GK Energy IPO allotment today: How to check status online on BSE, NSE, MUFG Intime India; listing date here

GK Energy IPO allotment status: The basis of allotment of the GK Energy IPO is expected to be finalised on Wednesday, September 24, after the company received a robust response during the subscription period. The bidding details will be available on the websites of the NSE, the BSE and MUFG Intime India.

The initial public offer of the solar-powered agricultural water pump systems provider secured a massive 89.62 times subscription, with bids for 1,98,77,78,982 shares compared to 2,21,80,828 shares on offer, according to the data available on the NSE website.

The part reserved for qualified institutional buyers (QIBs) was subscribed a whopping 186.29 times. The quota meant for non-institutional investors (NIIs) fetched 122.73 times subscription. The retail investors' portion was booked 20.79 times subscription.

The Pune-based company's ₹464.26 crore IPO, with a price band of ₹145 to ₹153 per share, was a mix of fresh issuance of shares valued at ₹400 crore and an offer-for-sale (OFS) component of 42 lakh equity shares totalling ₹64.26 crore.

The money generated will be utilised for long-term working capital needs and general corporate purposes.

GK Energy is India's largest pure-play provider of EPC (engineering, procurement and commissioning) services for solar-powered agricultural water pump systems.

GK Energy IPO allotment date and time

The GK Energy IPO allotment will likely be finalised on Wednesday, September 24. The details are expected to be out by late evening.

How to check GK Energy IPO allotment status on NSE

• Go to the IPO allotment page of NSE at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose ‘Equity & SME IPO bid details’
• Pick 'GKENERGY' from the 'Select Symbol' dropdown
• Fill in mandatory details like PAN and application number
• Click on 'Submit'

Steps to check GK Energy IPO allotment status on BSE

• Visit BSE's IPO allotment page at https://bseindia.com/investors/appli_check.aspx
• Keep 'Equity' as the issue type
• Choose 'GK Energy Limited' from the 'Issue Name' list
• Add PAN or application number
• Press the 'Search' button

GK Energy IPO allotment status on MUFG Intime India

• Go to the registrar's IPO page: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select ‘GK Energy Limited’ from the issue names list
• Mention Application No, DP/Client ID, PAN, or Account No / IFSC
• Hit the ‘Submit’ button

GK Energy IPO listing date and time

Shares of the GK Energy IPO will be listed on the NSE and the BSE on Friday, September 26, at 10 am.

GK Energy IPO latest GMP

According to investorgain.com and media reports, GK Energy's unlisted shares are trading at ₹184 per share, reflecting a grey market premium (GMP) of 20.26% over the upper price band of ₹153.