IPO

GP Eco Solutions India Limited IPO

NSE SME

Listed On: Jun 24, 2024 at ₹ 375.0

₹ 112800 /1200 Shares

Check Allotment

GP Eco Solutions India Limited IPO Details

14 Jun, 2024

Open Date

19 Jun, 2024

Close Date

20 Jun, 2024

Allotment Date

24 Jun, 2024

Listing Date

Issue Price

₹90-94 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

375.0

Listing Date

2024-06-24

Market Lot

1200 Shares (₹112,800/-)

Lead Manager

Corporate Capitalventures Pvt Ltd

Issue Size

3,276,000 shares(aggregating up to ₹30.79 Cr)

Retail Portion

35%

Subscription

856.37 times

IPO Docs

DRHP RHP

GP Eco Solutions India Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved589,200 / 444,0001,032,0002,065,200
Day 1 - 14-06-24 06:00 PM2.95 / 76.14 x89.46 x61.92 x
Day 2 - 18-06-24 06:00 PM9.48 / 390.36 x356.46 x264.75 x
Day 3 - 19-06-24 06:00 PM236.64 / 1825.61 x793.20 x856.37 x
Total No. of Applications: 6,82,151 (Approx)

GP Eco Solutions India Limited Valuations

EPS Pre IPO

₹4.38/-

EPS Post IPO

₹5.39/-

P/E Pre IPO

21.44

P/E Post IPO

17.44

RoNW

42.70%

GP Eco Solutions India Limited Company Financials All values are in ₹ Lakh

31-Mar-2331-Mar-2231-Mar-21
Assets4,715.191,904.891,429.81
Revenue10,447.638,352.994,652.91
Profit After Tax369.82277.1796.94

About The Company

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.

Read More

GP Eco Solutions India Limited - Promoter(s)

Pre Issue Share Holding: 86.40%

Post Issue Share Holding: 62.23%


Company Promoter(s)

  1. Mr. Deepak Pandey
  2. Mrs. Anju Pandey
  3. Mr. Astik Mani Tripathi

GP Eco Solutions India Limited IPO - Issue Objectives

  1. To Meet Working Capital requirements of the Company
  2. 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
  3. General Corporate Expenses.

Other Details

Company Contact Details

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/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

GP Eco Solutions India Limited IPO - FAQs

Ans. GP Eco Solutions India Limited IPO is a SME IPO. The issue is priced at ₹90-94 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Jun 14, 2024, and closes on Jun 19, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The GP Eco Solutions India Limited IPO opens on Jun 14, 2024 and closes on Jun 19, 2024.

Ans. The size of GP Eco Solutions India Limited IPO is 3,276,000 shares(aggregating up to ₹30.79 Cr).

Ans. The IPO price band is set between ₹90-94 per equity share.

Ans. To apply for GP Eco Solutions India Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find GP Eco Solutions India Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of GP Eco Solutions India Limited IPO is Jun 20, 2024.

Ans. The GP Eco Solutions India Limited IPO will be listed on Jun 24, 2024.

Ans. Follow the steps to check the allotment status for GP Eco Solutions India Limited IPO here.