GK Energy IPO: The initial public offering (IPO) of GK Energy Limited continues to receive bids on the second day of bidding today, September 22. The issue has been oversubscribed 6.41 times at the end of the session, as per provisional exchange data. The company aims to raise Rs 464.26 crore from the public offering.

GK Energy IPO subscription status:

Investors have bid for 14.22 crore shares against the total of 2.21 crore shares offered, with Qualified Institutional Buyers (QIBs) subscribing 2.90 times, Non-Institutional Investors (NIIs) subscribing 10.05 times, and Retail Individual Investors (RIIs) subscribing 6.84 times.

In simpler terms, QIBs bid 1.82 crore against 62.87 lakh shares, NIIs bid for 4.79 crore against 47.67 lakh shares and RIIs bid for 7.60 crore against 1.11 crore

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