The initial public offering of GK Energy Ltd , a solar-powered agricultural water pump systems provider, garnered 6.41 times subscription on the second day of share sale on Monday. The IPO received bids for 14,22,08,192 shares against 2,21,80,828 shares on offer, as per NSE data.

The portion for non-institutional investors fetched 10.05 times subscription while the quota for retail individual investors got subscribed 6.84 times. Qualified institutional buyers quota received 2.90 times subscription. GK Energy on Thursday said it has collected over Rs 139 crore from anchor investors.

What is the fixed share price?

The Rs 464-crore IPO will conclude on Tuesday. The price band has been fixed at Rs 145-153 per share. The Pune-based firm’s offering is a combination of fresh issue of sha

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