Issue Price
₹90- ₹94
per equity share
Issue Size
23.93 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
1200
equity share
Please note
Listing at NSE
GP Eco Solutions India Limited
Important Dates
IPO Open Date
14 Jun 2024
IPO Close Date
19 Jun 2024
Allotment Date
20 Jun 2024
Initiation of Refunds
21 Jun 2024
Credit of Shares to Demat Account
21 Jun 2024
IPO Listing Date
24 Jun 2024
UPI Mandate Expiry Date
19 Jun 2024
IPO Details
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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Check Allotment StatusAbout 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.
Parent Organisation
-
Founded
2010
Managing Director
Mr. Deepak Pandey
IPO Objectives
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.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
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PAN Card | Aadhaar Card | Bank Account Number
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