The initial public offering of GK Energy Ltd , a solar-powered agricultural water pump systems provider, garnered 89.62 times subscription on the last day of share sale on Tuesday

The IPO received bids for 1,98,77,78,982 shares against 2,21,80,828 shares on offer, as per NSE data.

The portion for non-institutional investors fetched 122.72 times subscription while the quota for retail individual investors got subscribed 6.84 times. Qualified institutional buyers quota received 20.79 times subscription.

GK Energy on Thursday said it has collected over Rs 139 crore from anchor investors.

GK Energy IPO size

The Pune-based firm’s offering is a combination of fresh issue of shares worth Rs 400 crore and an offer-for-sale (OFS) of 42 lakh equity shares, worth Rs 64.26 crore at the upp

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