GPES Solar IPO Date, Allotment, Details, Review

GPES Solar IPO Date, Allotment, Details, Review

GPES Solar IPO Date: GP Eco Solutions India Limited IPO opens for subscription on June 14, 2024, and closes on June 19, 2024. The allotment for the GPES Solar IPO is expected on June 20, 2024. GPES Solar IPO going to be listed on NSE SME with a tentative listing date fixed as June 24, 2024.

GPES Solar IPO is a fresh issue of 32.76 lakh shares with a fixed price of ₹90 to ₹94 per share. The value of the total fresh issue is Rs 30.79 crores.

To apply, retail investors must purchase at least 1200 shares, requiring an investment of at least ₹112,800. For High Net Worth Individuals (HNIs), the minimum investment is 2 lots, totalling 2,400 shares, amounting to ₹225,600.

Source – GPES Solar IPO RHP

GPES Solar IPO Details

Open DateJune 14, 2024
Close DateJune 19, 2024
IPO Size32.76 Lakh Shares
(aggregating up to ₹30.79 Cr)
Fresh Issue3276000 Shares of ₹10 Face Value
Face Value₹10 per share
IPO Price Band₹90 to ₹94 Per Share
IPO Listing onNSE SME
Lot Size1200 Shares
OFSN.A.
Share Offered to Retail35% of the total issue share
Share Offered to QBI50% of the total issue share
Share Offered to HNI15% of the total issue share

GPES Solar IPO Dates

EventDate
IPO Open Date
Friday, June 13, 2024
IPO Close DateWednesday, June 19, 2024
AllotmentThursday, June 20, 2024
RefundsFriday, June 21, 2024
Shares Credit to DematFriday, June 21, 2024
Listing DateMonday, June 24, 2024

GPES Solar IPO Lot Size

ApplicantsLotsSharesAmount
Retail (Min)11200₹112,800
Retail (Max)11200₹112,800
HNI (Min)22400₹225,600

GPES Solar IPO GMP Today

The Grey Market Premium (GMP) for GPES Solar NSE SME IPO has commenced from the first session. We’ll be providing daily updates on the GMP and additional details.
Stay tuned to stay informed about the daily performance of the GP Eco Solutions India Limited IPO’s Gray Market Premioum and the expected listing price. See IPO GMP Live >>

GP Eco Solutions India IPO Subscription Status

For updates on the subscription status of the GP Eco Solutions India Limited IPO, kindly navigate to our “IPO Subscription Status” section in the menu or click the given link. The subscription window for the GPES Solar IPO opens on June 14, 2024.

GPES Solar IPO Allotment Status

You can check the allotment status for the GPES Solar IPO by following these steps. First, click the link Link – ” IPO Allotment Status” Then, select the IPO Name from the options. After that, enter either your Application Number or PAN Number. The allotment can be checked on June 20, 2024.

Know About Company

GP Eco Solutions India Limited, founded in 2010, provides solar inverters and panels, along with engineering, procurement, and construction services for solar energy solutions to both commercial and residential clients.

They also distribute hybrid solar inverters and lithium ferro-phosphate batteries under their brand, Invergy, and manufacture OEM hybrid and LFP products. Additionally, they are authorized dealers for Sungrow, Saatvik, and LONGi for solar inverters and panels in North India.

Promoters Holding

The company’s promoters are Mr. Deepak Pandey, Mrs. Anju Pandey, and Mr. Astik Mani Tripathi. Before the issue, they held 86.4% of shares, which reduced to 62.23% after the issue.

Objects of the Issue IPO

The funds will be used for:

  • Covering the Company’s working capital needs.
  • Investing in its subsidiary, Invergy India Private Limited (“IIPL”), for purchasing plant and machinery, miscellaneous assets, and construction/civil works for its facility.
  • Meeting general corporate expenses.

GP Eco Solutions India Limited Financial Report (Restated)

Here’s the table based on the provided data:

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,728.754,715.191,904.891,429.81
Revenue7,858.8810,447.638,352.994,652.91
Profit After Tax473.27369.82277.1796.94
Net Worth1,298.08824.81454.98177.81
Total Borrowing1,544.791,316.52517.55351.37

KPI Of GP Eco Solutions India Limited

Data for the period ended on December 31, 2023.

ParticularsAmount
Revenue from Operations7,840.37
EBITDA784.38
EBITDA margin (%)10.00
EBIT753.56
EBIT Margin (%)9.61
PBT638.98
PBT Margin (%)8.15
PAT473.27
PAT margin (%)6.02
NAV18.03
EPS6.57
ROCE (%)26.51
ROE (%)44.59
Current Ratio (x)1.31x
Debt to Equity Ratio1.11
Working Capital Days32 days

Peer Group

  1. Sungarner EnergiesLimited

GPES Solar IPO Registrar

BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6- 2, 6th Floor, Pinnacle Business Park, Next to Ahura
Centre, Mahakali Caves Road, Andheri (East), Mumbai – 400093, India.
Tel No.: +91 – 22 – 6263 8200;
Fax No.: +91 – 22 – 6263 8299
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com

GPES Solar IPO Book Running Lead Manager

CORPORATE CAPITALVENTURES PRIVATE LIMITED
B1/E13, First Floor, Mohan Co-operative Industrial Estate,
Mathura Road, New Delhi – 110044,
Tel: +91 11 – 41824066;
Email: smeipo@ccvindia.com
Investor Grievances Email id- investor@ccvindia.com
Website: www.ccvindia.com

GP Eco Solutions India Contact

GP Eco Solutions India Limited
B-39, Sector-59,
Gautam Buddha Nagar,
Noida – 201301
Phone: +91 – 8960095217
Email: cs@gpecosolutions.com
Website: https://www.gpecosolutions.com/

GPES Solar IPO Application Form PDF

To download the GPES Solar IPO application form click on Application Form Download ASBA IPO Forms PDF.

Review

GP Eco Solutions India Limited show good performance in pest and low competition. May Conider. But before investment do your analyses, or get advice from SEBI registered advisory.

FAQs

When does the GPES Solar IPO open for subscription?

The GPES Solar IPO opens for subscription on June 14, 2024.

How can retail investors apply for the GPES Solar IPO?

Retail investors must purchase at least 1200 shares, requiring an investment of at least ₹112,800.

How can I check the allotment status for the GPES Solar IPO?

You can check the allotment status by visiting the official website and entering either your Application Number or PAN Number after the allotment date, which is June 20, 2024.

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