GPES Solar IPO GMP, Review, Price, Allotment

Last updated on June 18, 2024

GPES Solar IPO description – GP Eco Solutions India is a leading distributor of solar inverters and solar panels in North India. The company provides comprehensive solar energy solutions, including engineering, procurement, and construction (EPC) services for both commercial and residential clients. 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 holds authorized distributorships with Sungrow India Pvt Ltd for solar inverters ‘Sungrow‘, Saatvik Green Energy Private Limited ‘Saatvik‘, and LONGi Solar Technology Co. Ltd ‘LONGi‘ for solar panels. GP Eco Solutions India business vertical:

• Distributor of Solar Inverters and solar panel
  A. On-grid Solar Inverter
  B. Hybrid Solar Inverter & Batteries
  C. Solar Panel
• Solar EPC
• Operation and maintenance of Solar plant

Additionally, the company is an authorized distributor serving a wide range covering regions such as Jammu & Kashmir, Himachal Pradesh, Punjab, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh etc.

Promoters of GP Eco Solutions India – Mr. Deepak Pandey, Mrs. Anju Pandey and Mr. Astik Mani Tripathi

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GP Eco Solutions India IPO Details

GPES Solar IPO Dates	14 – 19 June 2024
GP Eco Solutions India IPO Price	INR 90 – 94 per share
Fresh issue	32,76,000 shares (INR 29.48 – 30.79 crore)
Offer For Sale	NIL
Total IPO size	32,76,000 shares (INR 29.48 – 30.79 crore)
Minimum bid (lot size)	1,200 shares (INR 1,12,800 crore)
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	NSE Emerge

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GPES Solar Financial Performance

	FY 2021	FY 2022	FY 2023	9M FY 2024
Revenue	46.47	83.45	101.21	78.40
Expenses	45.18	79.78	99.42	72.20
Net income	0.97	2.77	3.70	4.73

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GP Eco Solutions India IPO News

• GPES Solar RHP
• GPES Solar Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• Highest SME IPO Subscription in 2024

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GPES Solar Valuations & Margins

	FY 2021	FY 2022	FY 2023
EPS	1.35	3.85	5.14
PE ratio	–	–	17.51 – 18.29
RONW (%)	80.55	87.60	57.79
NAV	2.47	6.32	11.46
ROCE (%)	30.16	44.15	14.24
EBITDA (%)	3.43	5.15	3.01
Debt/Equity	1.98	1.14	1.60

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GPES Solar IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
18 June 2024	155	–	1,48,000
17 June 2024	148	–	1,43,000
15 June 2024	132	–	1,26,000
14 June 2024	125	–	1,21,000
13 June 2024	100	–	1,05,000

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GPES Solar IPO Subscription – Live Updates

The market maker reservation portion of 3,27,600 shares is not included in the above calculations.

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GPES Solar IPO Allotment Status

GPES Solar IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

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GP Eco Solutions India IPO Dates & Listing Performance

IPO Opening Date	14 June 2024
IPO Closing Date	19 June 2024
Finalization of Basis of Allotment	20 June 2024
Initiation of refunds	20 June 2024
Transfer of shares to demat accounts	21 June 2024
IPO Listing Date	24 June 2024
Opening Price on NSE SME	Coming soon
Closing Price on NSE SME	Coming soon

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GPES Solar Offer Lead Manager

CORPORATE CAPITALVENTURES PRIVATE LIMITED
B1/E13, First Floor, Mohan Co-operative Industrial Estate,
Mathura Road, New Delhi – 110044
Phone: +91 11 – 41824066
Email: [email protected]
Website: www.ccvindia.com

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GPES Solar Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  [email protected]
Website: www.bigshareonline.com

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GPES Solar IPO Contact Details

GP ECO SOLUTIONS INDIA LIMITED
B-39, Sector-59, Gautam Buddha Nagar,
Noida, Uttar Pradesh, India, 201301
Phone: +91 – 8960095217
E-mail: [email protected]
Website: www.gpecosolutions.com

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GP Eco Solutions India IPO FAQs