GP Eco Solutions India Limited (GPES Solar IPO) has announced the dates for its highly anticipated Initial Public Offering (IPO), set to open on June 14 and close on June 19. This NSE SME IPO aims to raise ₹30.79 crores. Investors can subscribe to GPES Solar shares within a price range of ₹90 to ₹94, with each market lot comprising 1200 shares.
GP Eco Solutions India Limited specializes in distributing a wide range of solar inverters and solar panels. The company is an authorized distributor for Sungrow India Pvt Ltd, Saatvik Green Energy Private Limited, and LONGi Solar Technology Co. Ltd in North India, establishing a strong presence in the market. Alongside distribution, GP Eco Solutions offers comprehensive engineering, procurement, and construction (EPC) services for solar energy solutions, catering to both commercial and residential clients. While the EPC segment contributes less than the distribution business, it remains an essential part of the company’s operations.
Under its proprietary brand, “Invergy,” the company offers hybrid solar inverters and lithium ferro phosphate (LFP) batteries. Invergy engages in original equipment manufacturing (OEM) for these hybrid and LFP products, ensuring stringent quality control through its established protocols. The company meticulously manages its supply chain to ensure seamless transitions and reliable product delivery.
Contract manufacturing, a crucial aspect of Invergy’s operations, involves outsourcing manufacturing processes to trusted partners. Invergy has developed its own guidelines and protocols to maintain quality and reliability standards across all contracted manufacturing endeavors.
GPES Solar IPO Objectives
The company plans to use the net proceeds from the fresh issue for the following purposes:
To meet the company’s working capital requirements.
To invest in its subsidiary, Invergy India Private Limited (IIPL), for the purchase of plant and machinery, other miscellaneous assets, and construction/civil works for its facility.
To cover general corporate expenses.
GPES Solar IPO Review (Apply or Not)
Review and recommendation: Update soon
GPES Solar IPO Date & Price Band Details:
| IPO Open: | June 14, 2024 |
| IPO Close: | June 19, 2024 |
| IPO Size: | Approx ₹30.79 Crores, 3,276,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹90 to ₹94 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
GPES Solar IPO Lot Size
The minimum market lot for the GPES Solar IPO is 1200 shares, requiring an application amount of ₹112,800.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹ 1,12,800 |
| Retail Maximum | 1 | 1200 | ₹ 1,12,800 |
| S-HNI Minimum | 2 | 2400 | ₹ 2,25,600 |
GPES Solar IPO Timeline
The GPES Solar IPO will open on June 14 and close on June 19. The allotment date is scheduled for June 20, and the shares are expected to be listed on June 24.
| IPO Open Date: | June 14, 2024 |
| IPO Close Date: | June 19, 2024 |
| Basis of Allotment: | June 20, 2024 |
| Refunds: | June 21, 2024 |
| Credit to Demat Account: | June 21, 2024 |
| IPO Listing Date: | June 24, 2024 |
GPES Solar IPO GMP Today
The Grey Market Premium (GMP) for the GPES Solar SME IPO is currently ₹121. With the IPO price band set at ₹94, the estimated listing price is projected to be ₹215 (the cap price of ₹94 plus today’s GMP of ₹121). This suggests an anticipated gain of approximately 128.72% per share.
| In Crore | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹ 46.53 | ₹ 45.18 | ₹ 0.97 |
| 2022 | ₹ 83.53 | ₹ 79.78 | ₹ 2.77 |
| 2023 | ₹ 104.48 | ₹ 99.42 | ₹ 3.70 |
| December 2023 | ₹ 78.59 | ₹ 72.20 | ₹ 4.73 |
Peer Group
Sungarner Energies Limited
Company Promoters
- Mr. Deepak Pandey
- Mrs. Anju Pandey
- Mr. Astik Mani Tripathi
GPES Solar IPO Registrar
- Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://ipo.bigshareonline.com/ipo_status.html
GPES Solar IPO Allotment Status
- Check the GPES Solar IPO allotment status on the Bigshare website.
- GPES Solar IPO Lead Managers aka Merchant Bankers
- Corporate Capitalventures Pvt Ltd
Company Address
- 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/
GPES Solar IPO FAQs
What is the GPES Solar IPO?
The GPES Solar IPO refers to the Initial Public Offering launched by GP Eco Solutions India Limited to raise capital from the public market for its solar energy-related business operations.
When will the GPES Solar IPO open and close?
The GPES Solar IPO is scheduled to open on June 14 and close on June 19, providing investors with a limited window to subscribe to the shares.
What is the price band for the GPES Solar IPO?
The price band for the GPES Solar IPO is set at ₹90 to ₹94 per share, offering investors flexibility in their investment decisions.
What is the minimum market lot for the GPES Solar IPO?
The minimum market lot for the GPES Solar IPO comprises 1200 shares, with an application amount of ₹112,800.
What does GPES Solar specialize in?
GP Eco Solutions India Limited specializes in the distribution of solar inverters and solar panels. Additionally, the company provides comprehensive engineering, procurement, and construction (EPC) services for solar energy solutions.
What are the brands associated with GPES Solar?
GPES Solar operates under its proprietary brand, “Invergy,” which offers hybrid solar inverters and lithium ferro phosphate (LFP) batteries.
When is the IPO allotment date for GPES Solar?
The IPO allotment date for GPES Solar is scheduled for June 20, following the closure of the IPO subscription period.
When is the expected listing date for GPES Solar shares?
GPES Solar shares are expected to be listed on the stock exchange on June 24, subject to regulatory approvals and market conditions.
What is the Grey Market Premium (GMP) for GPES Solar IPO?
The last reported GMP for GPES Solar IPO was ₹121, indicating investor sentiment towards the IPO ahead of its listing.
What is the estimated listing price for GPES Solar shares?
Based on the price band and the Grey Market Premium, the estimated listing price for GPES Solar shares is ₹215, reflecting a potential percentage gain of approximately 128.72% per share.
