Gensol Engineering IPO description – Gensol Engineering is a Solar Design & Engineering company with team of more than 500 employees and an experience of providing technical expertise over 18,000 MW. As part of its consulting business, Gensol provides concept to commissioning solar advisory, engineering review, detailed engineering, construction supervision, quality control and technical due diligence services for projects in India and abroad.
Besides advising various stakeholders in Solar Projects, Gensol also undertakes turnkey Engineering, Procurement and Construction contracts under its EPC Business, with international footprints, with help of its team of 180+ engineers. So far, Gensol has erected solar power plants with a cumulative capacity of more than 188 MW on roofs as well as lands.
Gensol has also expanded wings in international market by providing Consulting Services in countries like Indonesia, Nepal, Afghanistan, Sierra Leone, Chad, Gabon, Philippines, Oman, Ukraine and , Kenya. It also has an ongoing EPC project in Egypt.
Gensol entered into a Joint Venture with Solarig N-Gage SA from Spain in March 2015, which has a global O&M experience to offer Operation & Maintenance Services (O&M Business) in India under Solarig Gensol Utilities Private Limited (SGUPL). SGUPL provides preventive, corrective & predictive maintenance, onsite & remote SCADA monitoring & reporting, modules cleaning & vegetation abatement, facility management, health analysis, vendor warranty coordination etc. through computerized maintenance management system by IBM Maximo and thermo-graphic inspection & on site IV Curve testing. SGUPL is maintaining over 2200+ MWp and has performed health diagnosis via IV-Curve, string testing and thermal imaging.
Gensol Engineering promoters – Anmol Singh Jaggi and Puneet Singh Jaggi
| Gensol Engineering – Upcoming IPO details | |
| Subscription Dates | 30 September – 4 October 2019 |
| IPO Price band | INR81 – 83 per share |
| Fresh issue | 2,160,000 shares (INR17.50 – 17.93 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,160,000 shares (INR17.50 – 17.93 crore) |
| Minimum bid (lot size) | 1,600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working Capital Requirements – INR13.50 crore
- General Corporate Purposes
- Issue Expenses
Gensol IPO Review: Should you invest in this solar play?
Interview with Gensol Engineering: Sun shining through clouds
| Gensol Engineering’s consolidated financial performance (in INR crore) | |||
| FY2017 | FY2018 | FY2019 | |
| Total revenue | 62.32 | 69.64 | 83.85 |
| Total expenses | 60.65 | 62.19 | 75.02 |
| Profit after tax | 1.19 | 5.34 | 6.50 |
Gensol Engineering Contact Detail
Gensol Engineering Limited
A-2, 12th Floor, Palladium Building
Opp. Vodafone House Corporate Road
Prahladnagar, Ahmedabad – 380015 Phone: +91 079 – 40068236
Email: [email protected]
Website: www.gensolsolar.com
Gensol Engineering IPO Subscription Details
| Day | Subscription (no. of times, at 5 PM) |
| Day 1 | 0.65 |
| Day 2 | 0.73 |
| Day 3 | 0.76 |
| Day 4 | 1.25 |
Gensol Engineering Valuation (For FY2019)
Earnings Per Share (EPS): INR10.75
Price/Earnings (P/E) ratio: 7.53 – 7.72
Return on Net Worth (RONW): 49.81%
Net Asset Value (NAV): INR21.58 per share
Registrar of Gensol Engineering IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083 Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in
Gensol Engineering IPO Allotment Status
Gensol Engineering IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing performance of Gensol Engineering
IPO Opening Date: 30 September 2019
IPO Closing Date: 4 October 2019
Finalisation of Basis of Allotment: 10 October 2019
Initiation of refunds: 11 October 2019
Transfer of shares to demat accounts: 14 October 2019
Listing Date: 15 October 2019
Listing Price on BSE SME: INR85.45 per share (up 2.95% from IPO price)
Closing Price on BSE SME: INR86.5 per share (up 4.22% from IPO price)
This looks promising. Any views from seniors and regular investors?
please update when is the IPO opening.
Genuine company on SME board after a long time
Profit of this company is around 7-8% similar to sterling and wilson. I don’t doubt these numbers as this is an established company which has worked with big guys in industry. But I wonder why the price has been kept so low…PE ratio is less than 8!!
Looks like people have forgot how much money they lost in Suich ipo
I’m not sure about the ipo but will invest because i trust these guys. It was good doing business with them.
Goblin India subject to rate is 6000 and GMP is 2000. Third luggage company after VIP and Safari going to list on the stock exchange. As per the news, one big investor of Safari is going to invest in a big chunck in the IPO of Goblin.
Highlights of Gensol Engineering IPO –
1. Company is into high end services – design, engineering, maintenance
2. Last 4 years Return on Equity has been above 60%
3. Profits have consistently grown, 6 times in 3 years
4. Great clients which include – Softbank, Adani Green, Brookfield (World’s largest asset company), NTPC, Shree Cement, Astral Pipes
5. Committed team, team has shares pre-IPO; so there is skin in the game for team also.
Sector of Renewable Energy is ripe for services company and shall have a great future.
Pricing of IPO is attractive at 7.5 P/E
Looks like a genuine IPO and genuine team.
I spoke to the team & promoters to do my research, all of you are also requested to do the same,
Melson