GK Energy IPO: The initial public offering (IPO) of GK Energy Limited concluded with strong demand from investors on the final day of bidding today, September 23. The issue closed with an oversubscription of 89.62 times, according to provisional exchange data. The company aims to raise Rs 464.26 crore from the public offering.

GK Energy IPO subscription status:

Investors made a bumper bid for 198.77 crore shares against the total of 2.21 crore shares offered, with Qualified Institutional Buyers (QIBs) subscribing 186.29 times, Non-Institutional Investors (NIIs) subscribing 122.72 times, and Retail Individual Investors (RIIs) subscribing 20.79 times.

Specifically, QIBs bid 117.13 crore shares against 62.87 lakh shares reserved, NIIs bid for 58.51 crore shares against the allotted 47.67

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