New Delhi, Sept. 16 -- GK Energy has fixed the price band for its upcoming initial public offering (IPO) at Rs.145 to Rs.153 per equity share of face value of Rs.2 each. The mainboard offer is set to hit the Indian stock market on Friday, September 19 and will remain open till Tuesday, September 23.

At the upper end of the price band, GK Energy is looking to raise Rs.464 crore. The IPO is a combination of fresh issue of 2.61 crore shares amounting to Rs.400 crore. Meanwhile, the offer for sale component amounts to 0.42 crore shares worth Rs.64.26 crore. Gopak Rajaram Kabra and Mehul Ajit Singh are the promoter selling shareholders.

Ahead of the issue, GK Energy IPO's anchor book will open on September 18. Meanwhile, the allotment of the...