GP Eco Solutions India Limited SME IPO
Issue Size (Net)
up to ₹ 30.79 Cr
Price Band
₹ 90 to 94 per share
Issue Opens
Jun 14, 2024
Issue Closes
June 19, 2024
1.Company Information
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.
2. Objects of the Issue
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; and
3.General Corporate Purpose
GP Eco Solutions India Limited Financial Information (Restated Consolidated)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 4,728.75 | 4,715.19 | 1,904.89 | 1,429.81 |
| Revenue | 7,858.88 | 10,447.63 | 8,352.99 | 4,652.91 |
| Profit After Tax | 473.27 | 369.82 | 277.17 | 96.94 |
| Net Worth | 1,298.08 | 824.81 | 454.98 | 177.81 |
| Reserves and Surplus | 578.08 | 804.81 | 434.98 | 157.81 |
| Total Borrowing | 1,544.79 | 1,316.52 | 517.55 | 351.37 |
| Amount in ₹ Lakhs |
GP Eco Solutions India Limited Day-wise IPO GMP Trend
| GMP Date | IPO Price | GMP Movement | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 24-06-2024 Listing | 94.00 | ₹181 – No Change | ₹275 (192.55%) | 24-Jun-2024 10:23 |
| 23-06-2024 | 94.00 | ₹181 – Up | ₹275 (192.55%) | 24-Jun-2024 0:30 |
| 22-06-2024 | 94.00 | ₹180 – Up | ₹274 (191.49%) | 23-Jun-2024 0:24 |
| 21-06-2024 | 94.00 | ₹165 – Down | ₹259 (175.53%) | 22-Jun-2024 0:25 |
| 20-06-2024 Allotment | 94.00 | ₹175 – Down | ₹269 (186.17%) | 20-Jun-2024 10:26 |
| 19-06-2024 Close | 94.00 | ₹180 – Up | ₹274 (191.49%) | 19-Jun-2024 11:01 |
| 18-06-2024 | 94.00 | ₹168 – No Change | ₹262 (178.72%) | 18-Jun-2024 10:25 |
| 17-06-2024 | 94.00 | ₹168 – Up | ₹262 (178.72%) | 17-Jun-2024 10:28 |
| 16-06-2024 | 94.00 | ₹156 – No Change | ₹250 (165.96%) | 17-Jun-2024 0:31 |
| 15-06-2024 | 94.00 | ₹156 – No Change | ₹250 (165.96%) | 15-Jun-2024 10:00 |
| 14-06-2024 Open | 94.00 | ₹156 – Up | ₹250 (165.96%) | 14-Jun-2024 12:01 |
| 13-06-2024 | 94.00 | ₹130 – Up | ₹224 (138.3%) | 13-Jun-2024 13:57 |
| 12-06-2024 | 94.00 | ₹125 – Up | ₹219 (132.98%) | 13-Jun-2024 0:32 |
| 11-06-2024 | 94.00 | ₹121 – Up | ₹215 (128.72%) | 12-Jun-2024 0:29 |
| 10-06-2024 | 94.00 | ₹0 – No Change | ₹94 (0%) | 10-Jun-2024 16:01 |
GP Eco Solutions India Limited SME IPO Details
| SME IPO Issue Opening Date: | June 14, 2024 |
| SME IPO Issue Closing Date: | June 19, 2024 |
| SME IPO Issue Price: | Rs.90 to Rs.94 per share |
| Face Value | Rs.10 per share |
| Lot Size | 1200 Shares |
| Issue Size | 3,276,000 shares(aggregating up to Rs.30.79 Cr) |
| Fresh Issue | 3,276,000 shares(aggregating up to Rs.30.79 Cr) |
| Issue Type | Book Built Issue IPO |
| IPO Listing At: | NSE SME |
GP Eco Solutions India Limited SME IPO Timeline (Tentative Schedule)
| Event | Tentative Date |
|---|---|
| Opening Date | Friday, June 14, 2024 |
| Closing Date | Wednesday, June 19, 2024 |
| Basis of Allotment | Thursday, June 20, 2024 |
| Initiation of Refunds | Friday, June 21, 2024 |
| Credit of Shares to Demat | Friday, June 21, 2024 |
| Listing Date | Monday, June 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 19, 2024 |
