GK Energy Raises Rs 100 Cr In Pre-IPO Round From Valuequest, 360 One and Kotak Funds Ahead of Rs 500 Cr Issue

Valuequest, 360 One (formerly IIFL Wealth) and Kotak AIF invested around Rs 100 crores in IPO-bound GK Energy Limited in a pre-IPO round.

The Valuequest India G.I.F.T. Fund was given 22,87,582 company shares for a total of Rs 35 Cr at Rs 153 per equity share. VQ FasterCap Fund II received 19,60, 784 equity shares at a price of Rs 153 each, worth a total of Rs 30 Cr; 360 One High Growth Companies Fund received 9,80,392 equity shares at a price of Rs 153 each, worth Rs 15 Cr; 360 One Equity Opportunities Fund - Series 4 received 6,53,595 equity shares at a price of Rs 153 each, worth Rs 10 Cr; Kotak Iconic Fund received 3,26,797 equity shares at a price of Rs 153 per share, worth Rs 5 Cr; and Kotak Iconic Fund II received 3,26,797 equity shares at a price of Rs 153 per share, worth Rs 5 Cr.

The company has conducted a private placement of 65,35,947 equity shares for cash consideration at a price of Rs 153 per equity share, which represents 3.70% of the company's pre-offer equity share capital, after consulting with the book-running lead managers for the IPO. It is proposed that the net proceeds of the new issue be used to fund the company's working capital needs as well as other company goals.

A fresh issue of up to Rs 500 crore and an offer for sale of up to 84,00,000 equity shares by promoter selling shareholders are included in GK Energy's initial public offering (IPO), which has a face value of Rs 2 per equity share.

On April 3, 2025, SEBI authorized GK Energy Ltd.'s initial public offering (IPO). Subject to market circumstances and other clearances, the company will go on with the subsequent procedures in order to undertake the Initial Public Offer (IPO). It is proposed that the equity shares be listed on the BSE and NSE. The issue's registrar is MUFG Intime India Pvt.Ltd., and the book running lead manager is IIFL Capital Services Ltd.

There is a distinct reservation procedure for several investor groups in the GK Energy IPO. The company has reserved up to 50% of the offered net shares for Qualified Institutional Buyers (QIBs). At least 35% of the net offer is guaranteed to retail investors, which includes individual investors. Finally, a minimum of 15% of the net shares are reserved for Non-Institutional Investors (NIIs), a group that comprises high-net-worth individuals and other sizable investors. The goal of this allocation approach is to guarantee involvement from a wide spectrum of investors, including both small and major institutions.

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