Mumbai, Sept. 24 -- The initial public offer of GK Energy received bids for 1,98,77,78,982 shares as against 2,21,80,828 shares on offer. The issue was subscribed 89.62 times.

The Qualified Institutional Buyers (QIB) category was subscribed 186.29 times, the Non-Institutional Investors category was subscribed 122.73 times and the Retail Individual Investors category was subscribed 20.79 times.

The issue opened for bidding on 19 September 2025 and it closed on 23 September 2025. The price band of the IPO is fixed between Rs 145 and 153 per share.

The issue comprised both a fresh issue of equity shares up to Rs 400 crore and an OFS of up to 42,00,000 equity shares. The OFS comprises the sale of 4,000,000 equity shares by Gopal Rajaram Ka...