GK Energy IPO opens today with robust GMP. Should you bid?

GK Energy’s IPO, opening Friday with a price band of Rs 145-153, aims to raise Rs 464.26 crore. As India’s largest solar-powered agricultural pump EPC provider under PM-KUSUM, it boasts strong revenue and profit growth. While analysts see potential, reliance on government subsidies and negative cash flows pose risks, advising long-term subscription for high-risk investors.