The mainboard IPO was open for subscription from Friday, September 19, to Tuesday, September 23. GK Energy IPO allotment date is likely today, September 24, Wednesday, and the IPO listing date is September 26, Friday. GK Energy IPO shares will be listed on BSE and NSE. GK Energy IPO price band was ₹145 to ₹153 per share. The company raised ₹464.26 crore from the IPO which was a combination of fresh issue of 2.61 crore equity shares worth ₹400 crore, and an offer-for-sale (OFS) of 42 lakh shares amounting to ₹64.26 crore. GK Energy IPO was subscribed by 89.62 times in total, NSE data showed. The Retail Investors category was booked 20.79 times, while the Non Institutional Investors (NII) segment was subscribed 122.73 times. The Qualified Institutional Buyers (QIBs) category received 186.29 times subscription. IIFL Capital Services Ltd. is the book running lead manager and MUFG Intime India Pvt. Ltd. is the GK Energy IPO registrar.
The GK Energy IPO grey market is buzzing like crazy right now 
. In the unofficial market, shares are changing hands at a solid premium, and that’s got traders super excited about listing day. With the IPO oversubscribed nearly 90x, no wonder everyone’s eyeing the GMP as an early signal of where this stock could open. For many, it’s less about allotment now and more about what kind of quick pop they can ride once the bell rings. Locally, the chatter among traders is simple – “listing mein dhamaka hoga ya phir profit booking se pressure?” Retail folks are watching GMP to decide if they should stay put or cash out fast, while bigger players are weighing if this rally has legs beyond day one. Either way, GK Energy is looking set to deliver some serious listing-day fireworks on Dalal Street
While the IPO hype is strong, a few traders are also pointing out the downside risks with GK Energy. The company’s growth relies heavily on government schemes and subsidies, which means any policy changes could directly hit revenues.