GK Energy raises Rs 100 crore from 3 investors via pre-IPO round at Rs 3,100-crore valuation- Moneycontrol.com
Summary
GK Energy raised Rs 100 crore from three institutional investors in a pre-IPO placement. The company sold shares at Rs 153 each and reached a valuation of a little more than Rs 3,100 crore. It reduced the fresh issue size in its planned IPO to Rs 400 crore from Rs 500 crore after the placement. GK Energy uses EPC services to install solar-powered pump systems and also works on water storage, solar products, and rooftop solar projects.
Funding
Amount
$12.1M
Total raised
Date
August 26, 2024
Announcement date
Investors
Kotak Investment Advisors
Lead investors
Company
-
Funded company
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