GPES Solar IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jun 14 to Jun 19 2024
Price Band
₹90 - 94
Current GMP
₹375(298.93%)
Subscription
856.21 times
IPO Details
| IPO Date | June 14, 2024 to June 19, 2024 |
| Listing Date | Monday, June 24, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹90 to ₹94 per share |
| Lot Size | 1200 Shares |
| Total 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 |
IPO Date
June 14, 2024 to June 19, 2024
Listing Date
Monday, June 24, 2024
Face Value
₹10 per share
Price Band
₹90 to ₹94 per share
Lot Size
1200 Shares
Total 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
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 236.64 |
| Non-Institutional Buyers*** | 1,824.87 |
| Retail Investors | 793.20 |
| Total ** | 856.21 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
236.64
Non-Institutional Buyers***
1,824.87
Retail Investors
793.20
Total **
856.21
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Jun 14, 2024 | 2.95 | 76.14 | 89.46 | 61.92 |
| Day 2 Jun 18, 2024 | 9.48 | 392.32 | 365.30 | 269.59 |
| Day 3 Jun 19, 2024 | 236.64 | 1,824.87 | 793.20 | 856.21 |
DayDay 1
Jun 14, 2024
QIB2.95
NII*76.14
Retail89.46
Total61.92
DayDay 2
Jun 18, 2024
QIB9.48
NII*392.32
Retail365.30
Total269.59
DayDay 3
Jun 19, 2024
QIB236.64
NII*1,824.87
Retail793.20
Total856.21
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 24-06-2024 | 94.00 | 181(192.55%) | 275 |
| 23-06-2024 | 94.00 | 181(192.55%) | 275 |
| 22-06-2024 | 94.00 | 180(191.49%) | 274 |
| 21-06-2024 | 94.00 | 165(175.53%) | 259 |
| 20-06-2024 | 94.00 | 175(186.17%) | 269 |
| 19-06-2024 | 94.00 | 180(191.49%) | 274 |
| 18-06-2024 | 94.00 | 168(178.72%) | 262 |
| 17-06-2024 | 94.00 | 168(178.72%) | 262 |
| 16-06-2024 | 94.00 | 156(165.96%) | 250 |
| 15-06-2024 | 94.00 | 156(165.96%) | 250 |
| 14-06-2024 | 94.00 | 156(165.96%) | 250 |
| 13-06-2024 | 94.00 | 130(138.3%) | 224 |
| 12-06-2024 | 94.00 | 125(132.98%) | 219 |
| 11-06-2024 | 94.00 | 121(128.72%) | 215 |
| 10-06-2024 | 94.00 | 0(0.0%) | 94 |
Date24-06-2024
Price94.00
GMP181(192.55%)
Estimate List Price275
Date23-06-2024
Price94.00
GMP181(192.55%)
Estimate List Price275
Date22-06-2024
Price94.00
GMP180(191.49%)
Estimate List Price274
Date21-06-2024
Price94.00
GMP165(175.53%)
Estimate List Price259
Date20-06-2024
Price94.00
GMP175(186.17%)
Estimate List Price269
Date19-06-2024
Price94.00
GMP180(191.49%)
Estimate List Price274
Date18-06-2024
Price94.00
GMP168(178.72%)
Estimate List Price262
Date17-06-2024
Price94.00
GMP168(178.72%)
Estimate List Price262
Date16-06-2024
Price94.00
GMP156(165.96%)
Estimate List Price250
Date15-06-2024
Price94.00
GMP156(165.96%)
Estimate List Price250
Date14-06-2024
Price94.00
GMP156(165.96%)
Estimate List Price250
Date13-06-2024
Price94.00
GMP130(138.3%)
Estimate List Price224
Date12-06-2024
Price94.00
GMP125(132.98%)
Estimate List Price219
Date11-06-2024
Price94.00
GMP121(128.72%)
Estimate List Price215
Date10-06-2024
Price94.00
GMP0(0.0%)
Estimate List Price94
IPO Important Dates
| IPO Open Date | Friday, June 14, 2024 |
| IPO Close Date | Wednesday, June 19, 2024 |
| Basis of Allotment | Thursday, June 20, 2024 |
| Initiation of Refunds | Friday, June 21, 2024 |
| Credit of Shares to Demat | Friday, June 21, 2024 |
| Listing Date | Monday, June 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 19, 2024 |
IPO Open Date
Friday, June 14, 2024
IPO Close Date
Wednesday, June 19, 2024
Basis of Allotment
Thursday, June 20, 2024
Initiation of Refunds
Friday, June 21, 2024
Credit of Shares to Demat
Friday, June 21, 2024
Listing Date
Monday, June 24, 2024
Cut-off time for UPI mandate confirmation
5 PM on June 19, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹112,800 |
| Retail (Max) | 1 | 1200 | ₹112,800 |
| HNI (Min) | 2 | 2,400 | ₹225,600 |
ApplicationRetail (Min)
Lots1
Shares1200
Amount₹112,800
ApplicationRetail (Max)
Lots1
Shares1200
Amount₹112,800
ApplicationHNI (Min)
Lots2
Shares2,400
Amount₹225,600
Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 4,728.75 | 4,715.19 | 1,904.89 |
| Revenue | 7,858.88 | 10,447.63 | 8,352.99 |
| Profit After Tax | 473.27 | 369.82 | 277.17 |
| Net Worth | 1,298.08 | 824.81 | 454.98 |
| Reserves and Surplus | 578.08 | 804.81 | 434.98 |
| Total Borrowing | 1,544.79 | 1,316.52 | 517.55 |
Period EndedPeriod Ended
31 Dec 202331 Dec 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Dec 20234,728.75
31 Mar 20234,715.19
31 Mar 20221,904.89
Period EndedRevenue
31 Dec 20237,858.88
31 Mar 202310,447.63
31 Mar 20228,352.99
Period EndedProfit After Tax
31 Dec 2023473.27
31 Mar 2023369.82
31 Mar 2022277.17
Period EndedNet Worth
31 Dec 20231,298.08
31 Mar 2023824.81
31 Mar 2022454.98
Period EndedReserves and Surplus
31 Dec 2023578.08
31 Mar 2023804.81
31 Mar 2022434.98
Period EndedTotal Borrowing
31 Dec 20231,544.79
31 Mar 20231,316.52
31 Mar 2022517.55
Key Performance Indicator
| ROE | 44.59% |
| ROCE | 26.51% |
| Debt/Equity | 1.11 |
| RoNW | 42.70% |
| P/BV | 5.21 |
| PAT Margin (%) | 8.15 |
| EPS (Rs) | 4.38 |
ROE
44.59%
ROCE
26.51%
Debt/Equity
1.11
RoNW
42.70%
P/BV
5.21
PAT Margin (%)
8.15
EPS (Rs)
4.38
IPO Reservation
| Anchor Investor Shares Offered | 883,200 (26.96%) |
| Market Maker Shares Offered | 327,600 (10.00%) |
| QIB Shares Offered | 589,200 (17.99%) |
| NII (HNI) Shares Offered | 444,000 (13.55%) |
| Retail Shares Offered | 1,032,000 (31.50%) |
| Total Shares Offered | 3,276,000 (100%) |
Anchor Investor Shares Offered
883,200 (26.96%)
Market Maker Shares Offered
327,600 (10.00%)
QIB Shares Offered
589,200 (17.99%)
NII (HNI) Shares Offered
444,000 (13.55%)
Retail Shares Offered
1,032,000 (31.50%)
Total Shares Offered
3,276,000 (100%)
Information about company
GP Eco Solutions India Limited was founded in 2010 and offers solar inverters and solar panels.
The company offers solar energy solutions by providing comprehensive engineering, procurement, and construction ("EPC") services to commercial and residential customers. 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 is an authorized dealer of Sungrow India Pvt Ltd or "Sungrow" for Solar Inverters in North India, as well as for Saatvik Green Energy Private Limited or "Saatvik" and LONGi Solar Technology Co Ltd or "LONGi" for solar panels in North India.
Objectives of IPO
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
To Meet Working Capital requirements of the Company;
Investment in the subsidiary, Invergy India Private Limited ("IIPL") in relation to Purchase of Plant & Machineries and other Miscellaneous Assets and also towards Construction / Civil Works for its facility; and
General Corporate Expenses.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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