GK Energy Limited files Addendum to DRHP amidst strong financial growth

PUNE, India, May 7, 2025 /PRNewswire/ -- Pune-based engineering, procurement, and commissioning (EPC) player of solar-powered pump systems, GK Energy Limited, has filed an addendum to DRHP with SEBI. The company is India's largest pure-play EPC provider of solar-powered agricultural water pump systems by installations.

GK Energy has reported remarkable growth across all key financial metrics over the past two fiscal years: • Revenue from operations surged 3.8x, rising from ₹285.03 crore in FY23 to ₹1,094.83 crore in FY25.

• Operating EBITDA witnessed an 11.6x jump from ₹17.18 crore in FY23 to ₹199.68 crore in FY25.

• Profit after tax (PAT) soared 13.2x from ₹10 crore in FY23 to ₹133.20 crore in FY25.

• Leveraging its asset-light business model, the Company has continued to deliver exceptional returns. Return on Equity (RoE) rose to 63.71% in Fiscal 2025 from 50.73% in Fiscal 2023, while Return on Capital Employed (RoCE) improved significantly to 55.65% in Fiscal 2025, up from 29.36% in Fiscal 2023.

Originally filed on December 13, 2024, the DRHP outlines an IPO with a face value of ₹2 per equity share. The issue comprises a fresh issue of shares worth ₹500 crore and offer for sale (OFS) of up to 84,00,000 equity shares by existing shareholders. Of the net proceeds from the fresh issue, ₹422.46 crore will be allocated towards long-term working capital requirements and general corporate purposes.

As of September 30, 2024, 1,342,327 solar-powered pump systems were approved under Component B of the PM-KUSUM Scheme, a key initiative of the Government of India. Of the 499,319 installations completed by empanelled providers, GK Energy fulfilled 42,778 units, accounting for 8.56% of the executed orders.

The company's order book for solar-powered pump systems stood at ₹714.28 crore as of March 31, 2025, underlining sustained demand and execution capability.

IIFL Capital Services Limited and HDFC Bank Limited are acting as the book-running lead managers to the issue. Link Intime India Private Limited has been appointed as the registrar.

For More Information, Please Visit: https://gkenergy.in/ (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.).

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