New Delhi, Sep 26 (PTI) Shares of GK Energy Ltd, a solar-powered agricultural water pump systems provider, on Friday listed with a premium of nearly 12 per cent against the issue price of Rs 153.

The stock started trading at Rs 165, a jump of 7.84 per cent from the issue price on the BSE.

At the NSE, the stock was listed at Rs 171, a premium of 11.76 per cent.

The company’s market valuation stood at Rs 3,448.91 crore.

The initial public offer of GK Energy Ltd received a whopping 89.62 times subscription as it drew to a close on Tuesday.

The Rs 464 crore IPO had a price band of Rs 145-153 per share.

The Pune-based firm’s offering was 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 upper end, by

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