New Delhi, Sep 23 (PTI) The initial public offer of GK Energy Ltd, a solar-powered agricultural water pump systems provider, received a whopping 89.62 times subscription as it drew to a close on Tuesday.

The Rs 464-crore IPO got bids for 1,98,77,78,982 shares against 2,21,80,828 shares on offer, as per data available with the NSE.

The portion for Qualified Institutional Buyers (QIBs) got subscribed a huge 186.29 times. The component meant for non-institutional investors attracted 122.73 times subscription. Retail Individual Investors (RIIs) category received 20.79 times subscription.

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

The price band has been fixed at Rs 145-153 per share.

The Pune-based firm’s offering is a combination of fresh issue o

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