Valuequest, 360 One (formerly IIFL Wealth) and Kotak AIF invested around ₹100 crores in IPO-bound GK Energy Limited in Pre-IPO round.
Mumbai 1 st September 2025 ( TGN ): The Company, in consultation with the Book Running Lead Managers to the IPO, has undertaken a private placement of 65,35,947 equity shares for cash consideration at a price of ₹153 per equity share, representing 3.70% of the Company’s pre-offer Equity Share capital.
Valuequest India G.I.F.T. Fund, was allocated 22,87,582 equity shares of the Company for ₹ 153 per equity share aggregating to ₹ 35 crore. VQ FasterCap Fund II, was allotted 19,60, 784 equity share at ₹ 153 per equity share aggregating to ₹ 30 crore, 360 One High Growth Companies Fund, was allotted 9, 80, 392 equity share at ₹ 153 per equity share aggregating to ₹ 15 crore, 360 One Equity Opportunities Fund – Series 4 was allotted 6,53,595 equity share at ₹ 153 per equity share aggregating to ₹ 10 crore, Kotak Iconic Fund was allotted 3, 26, 797 equity share at ₹ 153 per equity share aggregating to ₹ 5 crore and Kotak Iconic Fund II 3,26,797 equity share at ₹ 153 per equity share aggregating to ₹ 5 crore.
GK Energy’s IPO with a face value of Rs 2 per equity share, comprises a fresh issue of up to Rs 500 crore, and an offer for sale up to 84,00,000 equity shares by promoter selling shareholders.
GK Energy Ltd is India’s largest pure play provider of engineering, procurement, and commissioning (EPC) services for solar-powered agricultural water pump systems. These systems, also known as solar-powered pump systems, are offered under Component B of the Central Government’s Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan (PM-KUSUM) scheme. It is measured by the number of solar-powered pump systems installed under the PM-KUSUM scheme between January 1, 2022, and December 3, 2024, as per the CRISIL Report mentioned in the DRHP.
