GP Eco Solutions India (GPES Solar IPO): All You Need To Know

GPES Solar IPO is open for subscription starting Friday, June 14, 2024, and closing on Wednesday, June 19, 2024. The price of this upcoming IPO is decided at Rs 90 to Rs 94 per share. The minimum lot size set for the retail category is 1200 shares.  Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum investment required for retail category investors is Rs 1,12,800 (94 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,25,600 (94 x 2400 shares). GPES Solar IPO is a fixed price issue of Rs 30.79 crores. This upcoming IPO is an entirely fresh issue of 32.76 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, June 20, 2024. GPES Solar IPO will be listed on NSE SME, and the listing date is fixed on Monday, June 24, 2024. Corporate Capital Ventures Private Limited is the book-running lead manager of GPES Solar IPO. The registrar for this IPO is Bigshare Services Private Limited. The market maker of this issue is SS Corporate Securities.

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About GP Eco Solutions India Limited

GP Eco Solutions India Limited was founded in 2010, engaged in the business of providing solar energy solutions. The company offers solar inverters and solar panels. They offer energy solutions by providing comprehensive engineering, procurement and construction to commercial and residential customers. GP Eco Solutions also distributes hybrid solar inverters and lithium ferro-phosphate through its own Invergy brand. The Invergy is active in OEM manufacturing of Hybrid and LFP products. Invergy manages its supply chain stream to provide an easy and comfortable transition. Invergy has developed its own set of guidelines and procedures, often referred to as a protocol, to ensure that the products manufactured by the contract manufactures meet specific quality and reliability standards. GP Eco Solutions has an authorised dealer of Sungrow India Private Limited for Solar Inverters in North India and LongI Solar Technology Company Limited for Solar Panels in North India.

Objectives Of GPES Solar IPO

The funds received from the public issue will be used to meet the company's day-to-day capital requirements. The money will also be used to invest in a subsidiary, Invergy India Private Limited, to purchase plant and machinery and other important assets. Additionally, general corporate purposes will be fulfilled. 

Financials of GP Eco Solutions India Limited (Amt in Rs Lakhs)

GPES Solar posted revenue of Rs 7,858.88 lakhs and net profit of Rs 473.27 lakhs for the period ending 31 December 2023. At the period ending on 31 March 2023, the company reported a revenue of 10,447.63 lakhs and net profit of 369.82 lakhs. The revenue increased by 25.08% and PAT of 33.43% between the FY ending 31 March 2023 and 31 March 2022.

Other Important Details of GPES Solar IPO

Time-Table of GPES Solar IPO

Lot Size of GPES Solar IPO

IPO Reservation of GP Eco Solutions India Limited

Key Performance Indicator of GP Eco Solutions India Limited IPO

The market capitalization of GPES Solar is Rs 110.08 crore.

EPS and P/E Ratio Post IPO

Promoters of GP Eco Solutions India Limited and Their Holdings

The promoters of GPES Solar company are Deepak Pandey, Anju Pandey, and Astik Mani Tripathi. 

Lead Manager(s) of GPES Solar IPO

The lead manager for GPES Solar IPO is Corporate Capital Ventures Private Limited.

How do you apply for the GPES Solar IPO?

Wait for the public issue to open for subscription, then click here to apply for the GPES Solar Limited IPO with Bigul.

How do you check the allotment status of GPES Solar IPO?

Bigshare Services Private Limited is the registrar for GPES Solar IPO. To check your allotment status, please click here.

FAQs

1. What are the details of the GPES Solar IPO?

GPES Solar IPO is a fixed price issue of Rs 30.79 crores. This upcoming IPO is an entirely fresh issue of 32.76 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, June 20, 2024. 

2. Who are the lead managers for the GP Eco Solutions India Limited IPO?

Corporate Capital Ventures Private Limited is appointed as the lead manager for the IPO.

3. What is the role of Bigshare Services Private Limited in this IPO?

Bigshare Services Private Limited is the registrar for GP Eco Solutions India Limited, handling the IPO's administrative aspects.

4. How can I apply for the GPES Solar IPO?

The public subscription of this new IPO will open on June 14, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The funds received from the public issue will be used to meet the company's day-to-day capital requirements. The money will also be used to invest in a subsidiary, Invergy India Private Limited, to purchase plant and machinery and other important assets. Additionally, general corporate purposes will be fulfilled. 

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the GP Eco Solutions India Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of GPES Solar Limited?

GPES Solar posted revenue of Rs 7,858.88 lakhs and net profit of Rs 473.27 lakhs for the period ending 31 December 2023. The revenue increased by 25.08% and PAT of 33.43% between the FY ending 31 March 2023 and 31 March 2022.

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