Mumbai, Sept. 23 -- The initial public offer of GK Energy received bids for 1,98,77,70,946 shares as against 2,21,80,828 shares on offer, according to stock exchange data at 17:30 IST on Tuesday (23 September 2025). The issue was subscribed 89.62 times.

The issue opened for bidding on 19 September 2025 and it will close on 23 September 2025. The price band of the IPO is fixed between Rs 145 and 153 per share. An investor can bid for a minimum of 98 equity shares and in multiples thereof.

The issue comprises both a fresh issue of equity shares upto 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 Kabra and 2,00,000 equity shares by Mehul Ajit Shah.

Of the ne...