GK Energy IPO, Sept. 22 -- The initial public offer (IPO) of GK Energy opened on September 19 and will close for subscription on September 23.

The Rs.464.26 crore IPO, had fixed a price band in the range of Rs.145-153 apiece.

By the end of Day 1, the issue was subscribed 2.69 times. It received bids for 5.70 crore shares as against 2.12 crore on offer. The retail portion was booked 2.83 times while the non-institutional investors (NII) category was subscribed 2.74 times. Finally, the qualified institutional buyers (QIBs) quota was bid 2.40 times.

GK Energy IPO is witnessing healthy interest in the grey market, with a grey market premium (GMP) of Rs.22. This suggests that the shares are trading above the issue price. At the current prem...