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.
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 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 | |||
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: [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/
One Response
Please apply this IPO as soon as possible