GPES Solar IPO Details: GP Eco Solutions India Limited has announced the date for its much-anticipated Initial Public Offering (IPO). The IPO is scheduled to commence on June 14 and conclude on June 19. This NSE SME IPO aims to raise ₹30.79 crores. Investors will have the opportunity to subscribe to GPES Solar shares within a price band of ₹90 to ₹94, with a market lot comprising 1200 shares.
GP Eco Solutions India Limited specializes in the distribution of a diverse array of solar inverters and solar panels. As an authorized distributor of Sungrow India Pvt Ltd, Saatvik Green Energy Private Limited, and LONGi Solar Technology Co. Ltd in North India, the company maintains a strong foothold in the market. In addition to distribution, GP Eco Solutions offers comprehensive engineering, procurement, and construction (EPC) services for solar energy solutions, catering to both commercial and residential clients. Although the EPC segment contributes less compared to the distribution business, it remains a significant aspect 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 hybrid and LFP products, ensuring stringent quality control through its established protocols. The company meticulously manages its supply chain to facilitate seamless transitions and deliver reliable products to customers.
Contract Manufacturing, a pivotal aspect of Invergy’s operations, involves outsourcing manufacturing processes to trusted partners. Invergy has developed its own set of guidelines and protocols to uphold quality and reliability standards across all contracted manufacturing endeavors.
GPES Solar IPO Objectives:
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
- 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 Review (Apply or Not)
- 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 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
GPES Solar IPO Lot Size:
The minimum market lot for the GPES Solar IPO consists of 1200 shares, requiring an application amount of ₹112,800.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹112,800 |
| Retail Maximum | 1 | 1200 | ₹112,800 |
| S-HNI Minimum | 2 | 2400 | ₹225,600 |
GPES Solar IPO Timeline:
The GPES Solar IPO is scheduled to commence on June 14, with the IPO closing on June 19. Following this, the IPO allotment date is set for June 20. If all goes as planned, the IPO is expected to list 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 stands at ₹121. With the IPO’s price band set at ₹94.00, the estimated listing price is anticipated to be ₹215 (the cap price of ₹94.00 plus today’s GMP of ₹121). This implies an expected percentage gain of approximately 128.72% per share.
GPES Solar Company Financial Report
| ₹ in Crores | |||
| 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 |
GPES Solar IPO Valuation – FY2023
Check GPES Solar IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹5.14 per Equity Share |
| Price/Earning P/E Ratio: | 17.51 |
| Return on Net Worth (RoNW): | 57.79% |
| Net Asset Value (NAV): | ₹11.46 per Equity Share |
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 GPES Solar IPO allotment status on Bigshare website URL. Click Here
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 will 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.
