GP Eco Solutions India Limited 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.
GP Eco Solutions India IPO – Details
| IPO Opening Date | 14 June 2024 |
| IPO Closing Date | 19 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 32,76,000 Shares Worth ₹30.79 Crore Fresh Issue: 32,76,000 Shares Worth ₹30.79 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹90 – ₹94 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
GP Eco Solutions India IPO – Date Schedule
| IPO Open Date | 14 June 2024 |
| IPO Close Date | 19 June 2024 |
| Basis of Allotment | 20 June 2024 |
| Initiation of Refund | 21 June 2024 |
| Credit of Shares to Demat Account | 21 June 2024 |
| IPO Listing Date | 24 June 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 19, 2024 |
GP Eco Solutions India IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | ₹1,12,800 |
| Retail (Maximum) | 1 | 1200 | ₹1,12,800 |
| HNI (Minimum) | 2 | 2400 | ₹2,25,600 |
Competitive Strengths
- Experienced Promoter and management team with strong industry expertise and successful track record;
- The company has long term relationships with marquee brands supported by the committed strategy on engagement with customers;
- Good track record for the last 3 years; and
- Distributorship of Sungrow, Saatvik, Longi in Northern India.
Company Promoters
- Mr. Deepak Pandey
- Mrs. Anju Pandey
- Mr. Astik Mani Tripathi
Object Of The 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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 46.52 | 45.17 | 0.96 | 3.51 |
| 31 March 2022 | 83.52 | 79.78 | 2.77 | 5.17 |
| 31 March 2023 | 104.47 | 99.41 | 3.69 | 13.16 |
| 31 December 2023 | 78.58 | 72.19 | 4.73 | 15.44 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 44.59% |
| ROCE | 26.51% |
| Debt/Equity | 1.11 |
| RoNW | 42.70% |
| P/BV | 5.21 |
| PAT Margin (%) | 8.15 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.38 | 5.39 |
| P/E (x) | 21.44 | 17.44 |
GP Eco Solutions India IPO Promoter Holding
| Pre Issue Share Holding | 86.40% |
| Post Issue Share Holding | 62.23% |
GP Eco Solutions India IPO Prospectus
Company Contact Information
| 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/ |
GP Eco Solutions India IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
GP Eco Solutions India IPO Lead Manager(s)
| 1. Corporate Capitalventures Pvt Ltd |
GP Eco Solutions India IPO FAQs
| What is GP Eco Solutions India IPO? GP Eco Solutions India IPO is a SME IPO. The issue is priced at ₹90 – ₹94 per equity share. The IPO is to be listed on NSE SME. |
| When GP Eco Solutions India IPO will open? The IPO is to open on 14 June 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to GP Eco Solutions India IPO? You can apply for GP Eco Solutions India IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the GP Eco Solutions India IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “GP Eco Solutions India”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the GP Eco Solutions India IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “GP Eco Solutions India”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is GP Eco Solutions India IPO Size? GP Eco Solutions India IPO size is ₹30.79 crores. |
| What is GP Eco Solutions India IPO Price Band? GP Eco Solutions India IPO Price Band is ₹90 – ₹94. |
| What is GP Eco Solutions India IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹1,12,800 amount while the maximum bid is 1200 shares with ₹1,12,800. |
| What is the GP Eco Solutions India IPO Allotment Date? GP Eco Solutions India IPO allotment date is 20 June 2024. |
| What is the GP Eco Solutions India IPO Listing Date? GP Eco Solutions India IPO listing date is 24 June 2024. The IPO is to list on NSE SME. |
