GP Eco Solutions India IPO (GPES Solar IPO) Review

 
GPES Solar IPO Review

IPO Open Date: June 14, 2024

IPO Close Date: June 19, 2024

IPO Price: ₹90 to ₹94 per share

Lot Size: 1200 Shares

Listing: June 24, 2024

GPES Solar is scheduled to hit the market on June 14, 2024 and close on June 19, 2024. GPES Solar plans to raise around ₹30.79 Cr through an IPO with a sale of up to 3,276,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

GP Eco Solutions India Limited, established in 2010, specializes in providing solar energy solutions through solar inverters and panels. Their services include engineering, procurement, and construction for both commercial and residential clients. Additionally, the company distributes hybrid solar inverters and lithium ferro-phosphate batteries under their own brand, “Invergy,” and is actively involved in the original equipment manufacturing (OEM) of hybrid and LFP products.

As an authorized dealer, GP Eco Solutions represents Sungrow India Pvt Ltd (“Sungrow”) for solar inverters and Saatvik Green Energy Private Limited (“Saatvik”) along with LONGi Solar Technology Co Ltd (“LONGi”) for solar panels in North India. This strategic partnership enables GP Eco Solutions to offer a comprehensive range of high-quality solar products to meet the diverse needs of their customers in the region.

GPES Solar



GPES Solar IPO Details

GPES Solar IPO opens on June 14, 2024, and closes on June 19, 2024. The Listing date for GPES Solar IPO is on June 24, 2024. The price band for IPO is ₹90 to ₹94 per share and lot size of 1200 Shares.

IPO DateJune 14, 2024 to June 19, 2024
Listing DateJune 24, 2024
Price₹90 to ₹94 per share
Lot Size1200 Shares
Issue Size₹30.79 Cr
Face Value₹10 per share

GPES Solar IPO Tentative Timetable

GPES Solar opening date is June 14, 2024 and close date is June 19, 2024. The IPO allotment date is June 20, 2024. The refund initiation of IPO is on June 21, 2024. The credit of shares in demat account is on June 21, 2024. The listing date is on June 24, 2024.

EventDate
IPO OpeningJune 14, 2024
IPO ClosingJune 19, 2024
IPO Allotment DateJune 20, 2024
Refund InitiationJune 21, 2024
Shares Credit to DematJune 21, 2024
Lisiting DateJune 24, 2024

GPES Solar IPO Lot Size

Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹112,800).

CategoryLotsSharesAmount
Retail(Minimum)11200₹112,800
Retail(Maximum)11200₹112,800
HNI (Minimum)22400₹225,600

GPES Solar IPO Promoter Holding

Pre Issue Share Holding86.4%
Post Issue Share Holding62.23%

GPES Solar IPO Review

GP Eco Solutions India Limited is launching its IPO, aiming to offer 883,200 shares to anchor investors and raising a substantial Rs 8.30 crore. This IPO emerges as an enticing investment avenue within the renewable energy realm. Boasting a dominant pre-issue shareholding of 86.4% and a post-issue shareholding of 62.23%, GP Eco Solutions plans to deploy the net fresh proceeds for diverse purposes, including catering to working capital necessities and making strategic investments in subsidiaries like Invergy India Private Limited.

Prospective investors are presented with the chance to bid for a minimum of 1200 shares and multiples thereof, ensuring inclusivity across retail and high net-worth individuals. Founded in 2010, GP Eco Solutions specializes in solar inverters and panels, delivering comprehensive engineering, procurement, and construction services to commercial and residential clientele. The company's robust financial performance, marked by a commendable revenue growth of 25.08% and a notable 33.43% surge in profit after tax between March 2022 and March 2023, underscores its growth trajectory and allure to investors eyeing long-term sustainability.

Key performance indicators as of December 31, 2023, unveil a stout market capitalization of Rs 110.08 Cr for GPES Solar IPO. Noteworthy metrics such as a Return on Equity (ROE) of 44.59% and Return on Capital Employed (ROCE) of 26.51% underscore the company's operational prowess and profitability potential. With a steadfast commitment to renewable energy solutions and strategic collaborations with industry stalwarts like Sungrow and LONGi Solar, GP Eco Solutions stands primed for success in India's burgeoning renewable energy landscape. In essence, GP Eco Solutions' IPO stands out as a compelling prospect for investors seeking exposure to the dynamic and promising renewable energy sector in the country.

GPES Solar IPO Subscription Status (Bidding Details)

Table not found

GPES Solar IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

GPES Solar IPO FAQs

What is GPES Solar IPO?

GPES Solar is issuing 3,276,000 equity shares with a face value of 10 each, totaling up to ₹30.79 Cr. The shares are being offered at a price of ₹90 to ₹94 each, with a minimum order quantity of 1200 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When GPES Solar IPO will open?

GPES Solar will open on June 14, 2024 for QIB, NII, and Retail Investors.

When GPES Solar IPO will end?

GPES Solar will end on June 19, 2024.

What is GPES Solar IPO Size?

GPES Solar IPO size is 30.79 Cr.

What is GPES Solar IPO Price Band?

GPES Solar price band is ₹90 to ₹94 per share.

What is the GPES Solar IPO Allotment Date?

GPES Solar allotment date is June 20, 2024.

What is the GPES Solar IPO Listing Date?

GPES Solar listing date is June 24, 2024. The IPO is to be listed on BSE and NSE.

How to GPES Solar IPO through Zerodha?

To apply for the IPO “GPES Solar” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply GPES Solar IPO through Upstox?

To apply for the IPO “GPES Solar” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check GPES Solar IPO Allotment Status?

For GPES Solar IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is GPES Solar IPO GMP?

You can check out here: GPES Solar IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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