The IPO got quotes for 5, 70, 51, 092 shares versus 2, 21, 80, 828 shares on offer, according to NSE information.
Retail specific investors component obtained 2 70 times membership while the classification for non-institutional financiers obtained subscribed 2 61 times. The section suggested for qualified institutional customers drew in 2 32 times registration.
GK Power on Thursday claimed it has gathered over Rs 139 crore from anchor financiers.
The Rs 464 -crore IPO will certainly end on September 23 The price band has been repaired at Rs 145 – 153 per share.
The Pune-based company’s offering is a mix of fresh problem of shares worth Rs 400 crore and an offer-for-sale (OFS) of 42 lakh equity shares, worth Rs 65 crore at the top end, by marketing investors. Earnings from the fresh issue to the extent of Rs 322 5 crore will certainly be used for moneying the company’s long-term functioning capital needs, and the balance for general corporate purposes. The company is India’s biggest pure play supplier of engineering, purchase and appointing (EPC) services for solar-powered agricultural water pump systems. It provides farmers an end-to-end solitary resource option for the survey, design, supply, setting up and installment, testing, appointing and maintenance of solar-powered pump systems.
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