GP Eco Solutions IPO Details ( GP Eco Solutions India Limited IPO Review )
(14 June 2024 – 19 June 2024)
GP Eco Solutions India Limited, founded in 2010, specializes in solar inverters and solar panels.
The company provides complete solar energy solutions, including engineering, procurement, and construction (EPC) services, for both commercial and residential customers. Additionally, it sells hybrid solar inverters and lithium ferro-phosphate (LFP) batteries under its own “Invergy” brand, which also manufactures OEM hybrid and LFP products.
GP Eco Solutions is an authorized dealer for Sungrow India Pvt Ltd for solar inverters in North India. It also partners with Saatvik Green Energy Private Limited and LONGi Solar Technology Co Ltd to offer solar panels in the region.
GP Eco Solutions India Limited Company Product
- Solar inverters
- Solar panels
- Hybrid solar inverters
GP Eco Solutions India IPO Competitive Strength
- Strategic Partnerships with Industry Leaders
- Experienced Promoter and management team with strong industry expertise and successful track record
- Quality Assurance and Standards
- Strong and long-standing customer relationships
GP Eco Solutions IPO Financials Performance ( Results )
GP Eco Solutions India Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 1,429.81 | 4,652.91 | 96.94 | 177.81 | 157.81 | 351.37 |
| 31-Mar-22 | 1,904.89 | 8,352.99 | 277.17 | 454.98 | 434.98 | 517.55 |
| 31-Mar-23 | 4,715.19 | 10,447.63 | 369.82 | 824.81 | 804.81 | 1,316.52 |
| 31-Dec-23 | 4,728.75 | 7,858.88 | 473.27 | 1,298.08 | 578.08 | 1,544.79 |
Objective of GPES Solar IPO Issue
- 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.
GPES Solar IPO Basic Details
| IPO Date | June 14, 2024 to June 19, 2024 |
| Listing Date | Monday, June 24, 2024 |
| Face Value | ₹10 per share |
| Price | ₹90 to ₹94 per share |
| Lot Size | 1200 Shares |
| Issue Size | 3,276,000 shares of ₹10 (aggregating up to ₹30.79 Cr) |
| Fresh Issue | 3,276,000 shares of ₹10 (aggregating up to ₹30.79 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,434,800 |
| Share holding post issue | 11,710,800 |
| Company Promoters | Mr. Deepak Pandey, Mrs. Anju Pandey, and Mr. Astik Mani Tripathi |
GPES Solar IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
| Total Shares Offered | 100% of the Net Issue |
GPES Solar IPO Timetable
GPES Solar IPO will open on June 14, 2024 and close on June 19, 2024. You can join GPES Solar IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 14 June 2024 (Friday) |
| Closing Date | 19 June 2024 (Wednesday) |
| Basis of Allotment | 20 June 2024 (Thursday) |
| Initiation of Refunds | 21 June 2024 (Friday) |
| Credit of Shares to Demat | 21 June 2024 (Friday) |
| Listing Date | 24 June 2024 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 19 June 2024 |
GPES Solar IPO Lot Size
For retail investors in GPES Solar IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹112,800. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹112,800.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹112,800 |
| Retail (Max) | 1 | 1200 | ₹112,800 |
| S-HNI (Min) | 2 | 2400 | ₹225,600 |
GP Eco Solutions IPO Promoter Holding
The company’s promoters include Mr. Deepak Pandey, Mrs. Anju Pandey, and Mr. Astik Mani Tripathi.
| Pre Issue Share Holding | 86.40% |
| Post Issue Share Holding | 62.23% |
GP Eco Solutions India Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 110.08 |
| Earning Per Share (EPS) | ₹5.14 per Equity Share |
| Net Asset Value (NAV) | ₹11.46 per Equity Share |
| P/E Ratio (P/E) (x) | 21.44 |
| Post P/E Ratio (P/E) (x) | 17.44 |
| Return on Net Worth (RoNW) (%) | 42.70 |
| Return on equity (ROE) (%) | 44.59 |
| Return on Capital Employed (ROCE) (%) | 26.51 |
| Debt/Equity Ratio | 1.11 |
| Price/Book Value Ratio | 5.21 |
GPES Solar IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹130 | – | – |
| 13 June 2024 | ₹130 | – | – |
GPES Solar IPO Detail Video:
GPES Solar IPO Subscription Status (Bidding Detail)
The GPES Solar IPO on June 19, 2024 at 7:02:00 PM was subscribed 856.21 times, with the retail category being subscribed 793.20 times, the NII (Non-Institutional Investor) category being subscribed 1,824.87 times, QIB (Qualified-Institutional Buyers) category being subscribed 236.64 times.
| Category | Subscription |
| QIB | 236.64x |
| NII | 1,824.87x |
| Retail | 793.20x |
| Total | 856.21x |
GPES Solar IPO Prospectus
| GPES Solar IPO DRHP | Download |
| GPES Solar IPO RHP | Download |
| GPES Solar IPO Anchor Investors Details PDF | Download |
GPES Solar IPO Rating
| Our Rating | 3.5/5.0 |
GPES Solar Company Contact Information
GP Eco Solutions India Limited
Registered Office: B-39, Sector-59, Gautam Buddha Nagar, Noida, Uttar Pradesh, India, 201301
Tel: +91 – 8960095217
E-mail: cs@gpecosolutions.com
Website: https://www.gpecosolutions.com/
Contact Person: Mrs. Tanushree, Company Secretary and Compliance Officer
Our Promoters: Mr. Deepak Pandey, Mrs. Anju Pandey and Mr. Astik Mani Tripathi
GPES Solar IPO Registrar
Bigshare Services Private Limited
Registered Office: 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
Investor Grievances Email Id: investor@bigshareonline.com
Website: www.bigshareonline.com
SEBI Registration No.: INR000001385
Contact Person: Babu Rapheal C
GPES Solar IPO Lead Manager
Corporate Capitalventures Private Limited
Registered Office: 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
SEBI Registration: INM000012276
Contact Person: Mrs. Harpreet Parashar
GPES Solar IPO FAQs
What is the lot size of GPES Solar IPO?
The total size of GPES Solar IPO is ₹30.79 crores and this is a complete fresh Issue.
When will GPES Solar IPO start?
GPES Solar IPO will open from 14 June 2024 and IPO will close on 19 June 2024.
What is the open date of GPES Solar IPO?
GPES Solar IPO will open date from 14 June 2024.
What is the last date ( close date ) of GPES Solar IPO?
GPES Solar IPO will close from 19 June 2024.
What is the price band of GPES Solar IPO?
GPES Solar IPO price band is ₹90 to ₹94. ( Upper Price Band: ₹94, Lower Price Band: ₹90 )
What is the minimum amount required to apply for GPES Solar IPO?
The minimum investment for retailers to apply for GPES Solar IPO is ₹112,800 and the maximum investment is ₹112,800.
What is going on gray market premium of GPES Solar IPO?
View gray market premium of GPES Solar IPO by Clicking Here
How much is the GMP of GPES Solar IPO?
Watch GPES Solar IPO GMP Today: Click Here
What is the allotment date of GPES Solar IPO?
The allotment date of GPES Solar IPO is 20 June 2024.
How to check allotment status in GPES Solar IPO?
To check the allotment status of GPES Solar IPO, first of all go to the registrar website by clicking here, select your bad GPES Solar IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of GPES Solar IPO?
The listing date of GPES Solar IPO is 24 June 2024.
How much will be the listing gain in GPES Solar IPO?
View listing gain of GPES Solar IPO by Clicking Here
How much time GPES Solar IPO is subscribed?
Total 856.21 times subscribed in GPES Solar IPO out of which 793.20 times subscription was done in retail quota, 1,824.87 times subscription in NII quota and 236.64 times subscription in QIB quota.
How to apply for GPES Solar IPO from Upstox?
Click Here to see how to apply for GPES Solar IPO from Upstox. (step by step)
How to apply for GPES Solar PO from Zerodha?
Click Here to see how to apply for GPES Solar IPO from Zerodha. (step by step)
How to apply for GPES Solar IPO from Angle One?
Click Here to see how to apply for GPES Solar IPO from Angle One. (step by step)
