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
Table of Contents
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 |
GPES Solar Financial Performance
| Â | 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 |
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
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 |
GPES Solar IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 22 June 2024 | 165 | – | 1,63,000 |
| 21 June 2024 | 167 | – | 1,70,000 |
| 20 June 2024 | 160 | – | 1,51,000 |
| 19 June 2024 | 164 | – | 1,55,000 |
| 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 |
GPES Solar IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 5,89,200 | 4,44,000 | 10,32,000 | 20,65,200 |
| 19 Jun 2024 | 236.64 | 1825.61 | 793.20 | 856.37 |
| 18 Jun 2024 | 9.48 | 390.36 | 356.46 | 264.75 |
| 14 Jun 2024 | 2.95 | 75.05 | 85.56 | 59.73 |
The market maker reservation portion of 3,27,600 shares is not included in the above calculations.
GPES Solar IPO Allotment Status
GPES Solar IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
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 | INR 375 per share (up 298.94%) |
| Closing Price on NSE SME | INR 393.75 per share (up 318.88%) |
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:Â [email protected]
Website:Â www.ccvindia.com
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:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
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
GP Eco Solutions India IPO FAQs
What is the GPES Solar offer size?
GPES Solar’s offer size is INR 29.48 – 30.79 crores.
What is the GPES Solar offer price band?
GPES Solar’s public offer price is INR 90 – 94 per share.
What is the lot size of the GPES Solar IPO?
GPES Solar offers a lot size of 1,200 shares.
What is GPES Solar IPO GMP today?
GPES Solar IPO GMP today is INR 165 per share.
What is the GPES Solar kostak rate today?
GPES Solar kostak rate today is INR NA per application.
What is GPES Solar Subject to the Sauda rate today?
GPES Solar is Subject to the Sauda rate today, which is INR 1,63,000 per application.
