September IPO Carnival 2025: GK Energy, Saatvik Green Energy & Jinkushal Industries IPO Details
The Indian primary market is all set for a blockbuster September 2025 with multiple companies coming up with their Initial Public Offerings (IPOs). Among the most awaited are GK Energy IPO, Saatvik Green Energy IPO, and Jinkushal Industries IPO. Investors are gearing up for a fully loaded IPO season, and IPO Ji brings you all the essential details—dates, price bands, lot sizes, issue sizes, business models, and competitive strengths.
Whether you are a retail investor applying for the minimum lot or an HNI looking for larger bids, here’s everything you need to know.
GK Energy IPO Details
- IPO Date: September 19 – September 23, 2025
- Price Band: ₹145 – ₹153 per share
- Lot Size: 98 Shares
- Issue Size: ₹464.26 Crores
- Listing at: NSE, BSE
- Tentative Listing Date: September 26, 2025
- Book Running Lead Manager: IIFL Capital Services Ltd.
- Registrar: MUFG Intime India Pvt. Ltd.
GK Energy IPO Structure
- Fresh Issue: 2.61 crore shares worth ₹400 Cr
- Offer for Sale (OFS): 0.42 crore shares worth ₹64.26 Cr
Minimum Investment
- Retail Investors: ₹14,994 (98 shares at upper band)
- sNII (Small HNI): 14 lots (1,372 shares) = ₹2,09,916
- bNII (Big HNI): 67 lots (6,566 shares) = ₹10,04,598
About GK Energy Limited
Incorporated in 2008, GK Energy Limited provides EPC services for solar-powered agricultural water pump systems under the PM-KUSUM Scheme. The company offers farmers end-to-end solutions—from survey and design to supply, installation, and maintenance of solar pump systems.
GK Energy operates on an asset-light business model, sourcing panels and pumps from vendors under the “GK Energy” brand. With 12 warehouses across three states, 90 employees, and 709 workmen, the company has built a strong geographical footprint in five states.
Competitive Edge: Government-backed projects, asset-light operations, and proven expertise in the solar pump EPC segment.
Saatvik Green Energy IPO Details
- IPO Date: September 19 – September 23, 2025
- Price Band: ₹442 – ₹465 per share
- Lot Size: 32 Shares
- Issue Size: ₹900 Crores
- Listing at: NSE, BSE
- Tentative Listing Date: September 26, 2025
- Book Running Lead Manager: Dam Capital Advisors Ltd.
- Registrar: KFin Technologies Ltd.
Saatvik Green Energy IPO Structure
- Fresh Issue: 1.51 crore shares worth ₹700 Cr
- Offer for Sale (OFS): 0.43 crore shares worth ₹200 Cr
Minimum Investment
- Retail Investors: ₹14,880 (32 shares at upper band)
- sNII (Small HNI): 14 lots (448 shares) = ₹2,08,320
- bNII (Big HNI): 68 lots (2,176 shares) = ₹10,11,840
About Saatvik Green Energy Limited
Founded in 2015, Saatvik Green Energy Limited is among India’s leading solar module manufacturers and EPC service providers. The company manufactures:
- Mono PERC modules
- N-TopCon solar modules (mono-facial & bifacial)
Its products are used across residential, commercial, and utility-scale solar projects.
From a modest 125 MW capacity in 2017, Saatvik has scaled to 3.80 GW capacity by June 2025. The company runs two large facilities in Ambala, Haryana, spread over 724,225 sq. ft.
Competitive Strengths:
- Large customer base & order book
- Among the top solar module makers in India
- Cutting-edge technology solutions
- Multiple sales channels
- Positioned to benefit from India’s renewable energy boom
Jinkushal Industries IPO Details
- IPO Date: September 25 – September 29, 2025
- Price Band: ₹115 – ₹121 per share
- Lot Size: 120 Shares
- Issue Size: ₹116.11 Crores
- Listing at: NSE, BSE
- Tentative Listing Date: October 3, 2025
- Book Running Lead Manager: GYR Capital Advisors Pvt. Ltd.
- Registrar: Bigshare Services Pvt. Ltd.
Jinkushal Industries IPO Structure
- Fresh Issue: 0.86 crore shares worth ₹104.49 Cr
- Offer for Sale (OFS): 0.10 crore shares worth ₹11.61 Cr
Minimum Investment
- Retail Investors: ₹14,520 (120 shares at upper band)
- sNII (Small HNI): 14 lots (1,680 shares) = ₹2,03,280
- bNII (Big HNI): 69 lots (8,280 shares) = ₹10,01,880
About Jinkushal Industries Limited
Founded in 2007, Jinkushal Industries Limited is a global export trading company for construction machinery. It operates in 30+ countries, including the UAE, Mexico, South Africa, Australia, and the UK.
The company operates across three verticals:
- Export of customised & accessorised new construction machines
- Export of used & refurbished machines
- Export under its own brand HexL backhoe loaders
By Dec 2024, the company had already supplied over 1,500 machines globally, supported by an in-house refurbishment facility with 48 skilled employees.
Competitive Strengths:
- Strong global presence in 30+ countries
- Focus on refurbishment & circular economy
- Efficient supply chain & robust procurement network
- Trusted exporter in UAE & USA markets
IPO Ji Takeaway
The September IPO Carnival 2025 is packed with opportunities for investors:
- GK Energy IPO targets India’s growing solar irrigation needs under government schemes.
- Saatvik Green Energy IPO taps into the booming renewable energy and solar module market.
- Jinkushal Industries IPO strengthens India’s presence in global construction machinery exports.
Stay tuned with IPO Ji for the latest updates on IPO price bands, subscription status, allotment dates, listing gains, and grey market premiums (GMPs).
📲 Download the IPO Ji App to track live IPO updates and never miss an opportunity!
