GPES Solar (GP Eco) IPO Date, Review, Price, Allotment Details

GPES Solar IPO Details: GPES Solar aka GP Eco IPO date is fixed, The IPO will open on June 14 and will close on June 19. GP Eco is a NSE SME IPO to raise ₹30.79 crores via IPO. The GPES Solar IPO price band is fixed at ₹90 to ₹94 with a market lot of 1200 shares.

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GP Eco Solutions India Limited is involved in the distribution of a wide range of solar inverters and solar panels. Their company is an authorized distributor of Sungrow India Pvt Ltd or “Sungrow” for Solar Inverters in North India, and they are also authorized distributors for Saatvik Green Energy Private Limited or “Saatvik” and LONGi Solar Technology Co. Ltd or “LONGi” for solar panels in North India. Additionally, they serve as an integrated solar energy solutions provider, delivering comprehensive engineering, procurement, and construction (“EPC”) services to their commercial and residential customers, however, the contribution of this segment is comparatively less as compared to the business of distribution of solar inverters and solar panels.


Their company also has its brand called “Invergy”. Under the Invergy brand, they sell hybrid solar inverters and lithium ferro phosphate (LFP) batteries. Invergy deals in OEM manufacturing for hybrid and LFP products. Energy has its own quality and reliable protocol for contract manufacturing of these products. Invergy manages its supply chain stream to provide easy and comfortable transitions.

Contract Manufacturing refers to a business arrangement where one company (Invergy) outsources the manufacturing of its products to another company. In this context, Invergy has developed its own set of guidelines and procedures, often referred to as a protocol, to ensure that the products manufactured by the contracted partners meet specific quality and reliability standards.


Objects 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
  • General Corporate Expenses

GPES Solar IPO Review

  • Apply

GPES Solar (GP Eco) 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 Market Lot

The GPES Solar IPO minimum market lot is 1200 shares with a ₹112,800 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum11200₹112,800
Retail Maximum11200₹112,800
S-HNI Minimum22400₹225,600

GPES Solar IPO Dates

The GPES Solar IPO date is June 14 and the IPO close date is June 19. The IPO allotment date is June 20 and the IPO might 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

You can check IPO subscription status and IPO allotment status on their respective pages.

GPES Solar IPO Form

How to apply GPES Solar IPO? You can apply GPES Solar IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the GPES Solar IPO in the Invest section. The other option you can apply GPES Solar IPO via IPO forms download via the NSE website. Check out the GPES Solar forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.


GPES Solar Company Financial Report

₹ in Crores
YearRevenueExpensePAT
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: [email protected]
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: [email protected]
Website: https://www.gpecosolutions.com/

GPES Solar IPO FAQs


What is GPES Solar IPO?

GPES Solar IPO is an NSE SME IPO. They are going to raise ₹30.79 Crores via IPO. The issue is priced at ₹90 to ₹94 per equity share. The IPO is to be listed on NSE.

When GPES Solar IPO will open?

The IPO is to open on June 14, 2024 for QIB, NII, and Retail Investors.

What is GPES Solar IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the GPES Solar IPO?

You can apply GPES Solar 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 GPES Solar IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “GPES Solar”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the GPES Solar IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “GPES Solar”. Click on 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 Upstox.

How to Apply the GPES Solar IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “GPES Solar”. Click on 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 Paytm Money.

What is GPES Solar IPO Size?

GPES Solar IPO size is ₹30.79 crores.

What is GPES Solar IPO Price Band?

GPES Solar IPO Price Band is ₹90 to ₹94 per equity share.

What is GPES Solar IPO Minimum and Maximum Lot Size?

The IPO bid is 1200 shares with ₹112,800.

What is GPES Solar IPO Allotment Date?

GPES Solar IPO allotment date is June 20, 2024.

What is GPES Solar IPO Listing Date?

GPES Solar IPO listing date is June 24, 2024. The IPO to list on NSE SME.

Note: The GPES Solar IPO details are announced officially. The IPO grey market premium (GPES Solar IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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