Open Account Now
GPES Solar IPO
GP Eco Solutions India Limited
GPES Solar IPO Details
GP Eco Solutions India Limited is coming up with an IPO to raise Rs30.79 crores. The IPO will open on 14 June 2024 with a price band of Rs.90 to Rs.94 per share and will close on 19 June 2024. The offer is entirely a fresh issue of 32.76 lakh shares.
Funds Utilization
To meet working capital requirements of the company “GP Eco Solutions”.
Investment in our subsidiary, Invergy India Private Limited (“IIPL”) in relation to the purchase of plant & machinery and other miscellaneous assets and also towards construction/civil works for its facility.
General corporate expenses.
Company Business
The company operates its business in the solar energy solutions industry.
Distribution of solar inverters and solar panels.
Authorized dealer for Sungrow India Pvt Ltd (“Sungrow”) for solar inverters in North India.
Authorized distributor for Saatvik Green Energy Private Limited (“Saatvik”) and LONGi Solar Technology Co Ltd (“LONGi”) for solar panels in North India.
Comprehensive engineering, procurement, and construction ("EPC") services to commercial and residential customers.
Hybrid solar inverters and lithium ferro-phosphate (LFP) batteries under the "Invergy" brand, including OEM manufacturing for hybrid and LFP products.
GPES Solar Strengths
- Consistent rise in the revenue for past 3 years
- Profit growth for past 3 years
- ISO 9001:2015 certification in Quality Management System
GPES Solar Weaknesses
- Company through its subsidiary, Invergy India Pvt. Ltd. is venturing into its new line of business without any previous experience which is associated with the assembly of solar hybrid inverters.
- High dependence on one product i.e solar invertors which constitutes around 50% of total revenue.
- Debts around 12.45 crores
GPES Solar Revenue & Profit
+0.465 | +0.013 |
+0.835 | +0.037 |
+1.045 | +0.051 |
10
8
6
4
2
0
GPES Solar IPO Dates
| Open Date | 14 June , 2024 |
| Close Date | 19 June , 2024 |
| Allotment Date | 20 June , 2024 |
| Initiation of Refunds | 21 June 2024 |
| Credit of Shares to Demat Account | 21 June 2024 |
| Listing Date | 24 June 2024 |
GPES Solar IPO Lot Size
| Minimum Lot Size | 1 |
| Maximum Lot Size | To be announced |
Seize the Opportunity! Apply for GPES Solar IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Advisory
GPES Solar IPO Subscription Breakup
| QIBs | 50% |
| Non Institutional Investors | 15% |
| Retail Investors | 35% |
How to Apply for GPES Solar IPO?
Step 1
First, you need to visit the IPO section on our website.
Step 2
Then, click on the 'IPO Listing' option to view the IPO.
Step 3
Open the GPES Solar IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the GPES Solar IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.