GK Energy IPO Allotment Today: Check Your Status, Listing Details & GMP Updates!

The moment of truth has arrived for investors who participated in the GK Energy Ventures Ltd IPO! The highly anticipated share allotment for this SME IPO is expected to be finalized today, March 20, 2024. Participants are eagerly awaiting to see if their bids were successful in this oversubscribed offering.

For those fortunate enough to receive an allotment, the process will swiftly move forward.

The initiation of refunds for unsuccessful applicants is slated for March 21, with the shares being credited to the demat accounts of allottees on the very same day. The journey culminates on March 22, when GK Energy Ventures Ltd makes its official debut on the NSE SME platform.

A Look Back at the IPO Performance

The GK Energy Ventures IPO, which opened for subscription from March 15 to March 19, saw enthusiastic participation from investors.

The company offered its shares at a fixed price of Rs 65 per equity share, with a lot size of 2,000 shares. The IPO aimed to raise Rs 23.10 crore by issuing 35.54 lakh equity shares.

The initial public offering was oversubscribed by a remarkable 15.36 times overall. Retail investors showed significant interest, with their portion subscribed 28.53 times.

Non-institutional investors (NIIs) also bid robustly, subscribing 9.38 times, while qualified institutional buyers (QIBs) saw a subscription of 2.12 times. This strong demand indicates considerable market confidence in GK Energy Ventures.

How to Check Your GK Energy IPO Allotment Status

Investors can easily verify their allotment status through several official channels.

Here’s a step-by-step guide:

1. Via the Registrar's Website (Bigshare Services Pvt Ltd)

• Visit the official website of the IPO registrar: https://ipo.bigshareonline.com/ipo_status.html
• Select "GK Energy Ventures Limited" from the dropdown menu in the "Company Selection" tab.
• Choose one of the following options: "Application No", "DPID/Client ID", or "PAN".
• Enter the relevant detail (Application Number, DPID/Client ID, or PAN number) in the provided field.
• Complete the captcha verification.
• Click on "Search" to view your allotment status.

2.

Via the BSE Website

• Go to the BSE's dedicated IPO status page: https://www.bseindia.com/investors/appli_check.aspx
• Under "Issue Type," select "Equity."
• From the "Issue Name" dropdown, choose "GK Energy Ventures Limited."
• Enter your Application Number.
• Input your PAN card number.
• Click on "I'm not a robot" to verify.
• Submit to see your allotment details.

3.

Via the NSE Website

• Visit the official NSE website and navigate to the IPO section.
• Look for a link titled "Check IPO Allotment Status" or similar.
• Select "GK Energy Ventures Limited" from the list of companies.
• Enter your Application Number and PAN details.
• Submit to view your allotment status.

Grey Market Premium (GMP) Update

The Grey Market Premium (GMP) offers an unofficial indication of how the market expects an IPO to perform upon listing.

For GK Energy Ventures, the latest available Grey Market Premium stands at Rs 0, as of March 20, 2024. This indicates that shares are trading at par with the issue price in the unofficial market. Investors should note that GMP is not an official indicator and can fluctuate significantly, not necessarily reflecting the final listing performance.

What Comes Next?

Following today's allotment, investors should mark their calendars for March 21 for refunds and demat credit.

The grand finale will be on March 22, when GK Energy Ventures Ltd officially lists on the NSE SME platform, marking its exciting entry into the public market. Good luck to all applicants!