GP Eco Solutions India Limited IPO Detail
GP Eco Solutions India Limited was founded in 2010 and offers solar inverters and solar panels.
The company offers solar energy solutions by providing comprehensive engineering, procurement, and construction ("EPC") services to commercial and residential customers. The company also distributes hybrid solar inverters and lithium ferro-phosphate (LFP) batteries through its own "Invergy" brand. Invergy is active in the OEM manufacturing of hybrid and LFP products.
The company is an authorized dealer of Sungrow India Pvt Ltd or "Sungrow" for Solar Inverters in North India, as well as for Saatvik Green Energy Private Limited or "Saatvik" and LONGi Solar Technology Co Ltd or "LONGi" for solar panels in North India.
Company Promoters
Mr. Deepak Pandey, Mrs. Anju Pandey, and Mr. Astik Mani TripathiIPO Details
| IPO Opening Date | Jun 14, 2024 |
| IPO Closing Date | Jun 19, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹90 - 94 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹30.79 Cr |
| Fresh Issue | ₹30.79 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Tentative Timetable
The GP Eco Solutions India Limited IPO open date is Jun 14, 2024, and the close date is Jun 19, 2024. The issue may list on Jun 24, 2024.
| IPO Open Date | Jun 14, 2024 |
| IPO Close Date | Jun 19, 2024 |
| Basis of Allotment Date | Jun 20, 2024 |
| Initiation of Refunds | Jun 21, 2024 |
| Credit of Shares to Demat Account | Jun 21, 2024 |
| IPO Listing Date | Jun 24, 2024 |
IPO Lot Size
The GP Eco Solutions India Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹112800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹112800 |
| Maximum | 1 | 1200 | ₹112800 |
IPO Promoter Holding
| Pre Issue Share Holding | 86.4% |
| Post Issue Share Holding | 62.23% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1429.81 | 4652.91 | 96.94 |
| 31-Mar-22 | 1904.89 | 8352.99 | 277.17 |
| 31-Mar-23 | 4715.19 | 10447.63 | 369.82 |
| 31-Dec-23 | 4728.75 | 7858.88 | 473.27 |
Objects of the Issue:
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
- To Meet Working Capital requirements of the Company;
- Investment in the subsidiary, Invergy India Private Limited ("IIPL") in relation to Purchase of Plant & Machineries and other Miscellaneous Assets and also towards Construction / Civil Works for its facility; and
- General Corporate Expenses.
GP Eco Solutions India Limited IPO Registrar:
Bigshare Services Pvt Ltd
GP Eco Solutions India Limited IPO Lead Manager(s):
Corporate Capitalventures Pvt Ltd
Company Contact Information:
GP Eco Solutions India Limited
B-39, Sector-59,
Gautam Buddha Nagar,
Noida - 201301
