GP Eco Solutions India Limited (NSE SME)

Jun 14, 2024 - Jun 19, 2024

Price ₹90 - ₹94
Premium ₹181
Lot size 1200
Allotment Jun 20, 2024
Listing Jun 24, 2024
Category Lot(s) Qty Amount Reserved
Retail 1 1200 112800 860
HNI 2 2400 225600 370

Last updated on 19-Jun-2024 17:01:03

CategoryOfferedAppliedTimes
QIB589200139425600236.64
NIB4440008105688001825.61
RETAIL1032000818581200793.2
Total20652001768575600856.37
Retail Apps682151© IPO Premium
HNI Interest Cost Per Share (7 Days)
@7%
₹230.38		@8%
₹263.29		@9%
₹296.2		@10%
₹329.11		@11%
₹362.02		@12%
₹394.93
About

GPES Solar IPO Reservation

Investor Category Shares Offered No. of Shares
Retail 31.50% 1032000
NII (HNI) 13.55% 444000
QIB  17.99% 589200
Anchor 26.96% 883200
Market Maker 10.00% 327600
Total  100.00% 3276000

GPES Solar IPO Details

Issue Size 3,276,000 shares
(aggregating up to ₹30.79 Cr)
Fresh Issue 3,276,000 shares
(aggregating up to ₹30.79 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue 8,434,800
Share holding post issue 11,710,800
Market Maker portion 327,600 shares
Ss Corporate Securities

Key Performance Indicator

  KPI     Dec-23     Mar-23     Mar-22  
  ROE     44.59%     57.79%     87.60%  
  ROCE     26.51%     14.24%     44.15%  
  D/E     1.11%     1.60%     1.14%  
  RONW     42.70%     57.79%     87.60%  
  EPS
(basic & diluted)  		   6.57     5.14     3.85  
  P/E
(Pre IPO)  		   21.44        
P/E
(Post IPO)		 17.44    

Company Financials

GP Eco Solutions India Limited Financial Information (Restated)

GP Eco Solutions India Limited's revenue increased by 25.08% and profit after tax (PAT) rose by 33.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Dec 2023 Mar 2023 Mar 2022 Mar 2021
Assets 4,728.75 4,715.19 1,904.89 1,429.81
Revenue 7,858.88 10,447.63 8,352.99 4,652.91
Profit 473.27 369.82 277.17 96.94
Net Worth 1,298.08 824.81 454.98 177.81
Reserves 578.08 804.81 434.98 157.81
Borrowing 1,544.79 1,316.52 517.55 351.37
Amount in ₹ Lakhs

About Company

GP Eco Solutions India Limited, founded in 2010, specializes in providing solar energy solutions through comprehensive engineering, procurement, and construction (EPC) services for both commercial and residential customers. The company distributes hybrid solar inverters and lithium ferro-phosphate (LFP) batteries under its own "Invergy" brand, and is active in the OEM manufacturing of these products. As an authorized dealer of Sungrow India Pvt Ltd for solar inverters and of Saatvik Green Energy Private Limited and LONGi Solar Technology Co Ltd for solar panels, GP Eco Solutions ensures access to top-tier solar technology for customers in North India. The company is committed to advancing renewable energy adoption through its innovative and reliable solar energy solutions.

Strength Factors

Experienced Leadership: Promoter and management team with strong industry expertise and a successful track record.

Strong Partnerships: Long-term relationships with marquee brands supported by a committed customer engagement strategy.

Proven Reliability: Consistent good track record over the last three years.

Risk Factors

Secured Assets: Lenders have charges over the company's fixed assets and book debts, impacting its financial flexibility.

Supply Chain Dependence: The company's reliance on third-party suppliers could lead to operational disruptions if these suppliers fail to meet their obligations.

Geographical Concentration: Revenue is heavily concentrated in Rajasthan, Haryana, Uttar Pradesh, and Delhi, making the company susceptible to regional economic or regulatory changes.

Lead Manager(s)

GPES Solar IPO Lead Manager(s)

  • Corporate Capitalventures Pvt Ltd
Strength
Weakness
Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html