IPO of GK Energy was fully subscribed on its first day of bidding, showing strong retail interest.
Investors bid 1.5x of the shares on offer in the retail segment.
The success reflects confidence in energy sector themes amid global demand and policy support.
IPO pricing, valuations and future order flow will matter for post-listing performance.
Market watchers see this as another indicator of strength in primary markets.
GK Energy’s business model and earnings visibility will be under scrutiny once listed.
Investors allocated based on sector belief and growth prospects.
Strong subscription often leads to sharp listing gains—something
to watch for.
High investor participation despite macro uncertainties.
This IPO adds to a recent streak of strong primary issuan
ce in India.