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GK Energy IPO: On the very first day, GK Energy IPO’s share of retail investors and non-institutional investors (NII) has been fully filled. At the same time, the share of qualified Institutional Buyers (QIB) has been subscribed to 1 percent. In the gray market too, GK Energy is trading on the IPO share premium.
There is also tremendous enthusiasm in the gray market about the shares of GK Energy.GK Energy IPO: GK Energy IPO has been taken by investors. Today, within an hour of opening, this issue was full. By the time the news is written, about 2.23 crore shares have been bid against 2.22 crore shares. On the very first day, GK Energy IPO has proved that the investers are very excited about the possibilities of the renewable energy sector. In the gray market too, GK Energy’s analysted shares have tied a good tie and are trading on 24 % (GK Energy IPO GMP) premium. Experts say that due to the renewable energy sector fast, the company’s strong order book and attractive valuation, investors are taking this IPO in hand.
How long is GK Energy IPO open?
GK Energy IPO is open today i.e. today. Investors can invest money in this issue till 23 September. After this, the process of allotment will be held on 24 September. Shares can be list on the stock exchange on 26 September. GK Energy has targeted to raise a total of Rs 464 crore through IPO. Out of this, 400 crore rupees will come in the form of fresh issue, while the remaining 42 lakh shares will be sold by promoters under the offer for sale. The price band of GK Energy IPO is ₹ 145- ₹ 153 per share. An IPO has 98 shares in a lot. Retail investors on the upper price band will have to invest at least ₹ 14,994 in this IPO.
GK Energy IPO GMP
There is also tremendous enthusiasm in the gray market about the shares of GK Energy. According to the website, the website that monitors the gray market, today the GMP of GK Energy IPO is Rs 37. This indicates that GK energy share can be list on premium in stock market.
Should you invest money in GK Energy IPO?
According to a report by Moneycontrol, brokerage house Angel One has advised investors to apply in GK Energy IPs in their latest note. He says that the Indian solar pump industry will make a big jump in the coming time.
The PM-Kusum scheme and solar power schemes of various states will give new pace to this industry. Talking about the evaluation, the price-to-earning (P/e) ratio of the company at the upper price band ₹ 153 sits 23.3 times, which is less than the industry average. This means that the company’s valuation is currently attractive.
(Disclaimer: Investment made in IPO is subject to market risks. If you want to invest in IPO then consult the first certified Investment Advisor. AyraNews24x7 will not be responsible for any kind of profit or loss.)
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