GK Energy is scheduled to finalize the basis of allotment of its shares on Wednesday, September 23. Bidders will get the messages, alerts or emails for debit of their funds or revocations of their IPO mandate either on weekend or latest by Thursday, September 23. The EPC solutions player for solar pumps saw a strong response from the investors during the bidding process. Advertisement

The IPO of GK Energy was open for bidding between September 19 and September 23. It had offered its shares in the price band of Rs 145-153 per share with a lot size of 98 shares. The company raised a total of Rs 464.26 crore from its IPO, which included a fresh share sale of Rs 400 crore and an offer-for-sale (OFS) of up to 42,00,000 equity shares.

The issue was overall subscribed a solid 89.62 times, fetc

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