Gensol Engineering Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,025,600 (47%) | — | ₹851 Cr |
| Retail | — | 1,025,600 (47%) | — | ₹851 Cr |
| Market Maker | — | 108,800 (5%) | — | ₹9 Cr |
| Σ Total | — | 2,160,000 (100%) | — | ₹17,928 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹132,800 |
| Retail (Max) | 13 | 20,800 | ₹1,726,400 |
| S-HNI (Min) | 14 | 22,400 | ₹1,859,200 |
| B-HNI (Min) | 67 | 107,200 | ₹8,897,600 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Revenue | 8,385 | 6,964 | 6,232 |
| Profit After Tax | 650 | 534 | 119 |
| Total Assets | 4,289 | 2,644 | 997 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Funding the working capital requirements of the Company – 13.50
- 2 General corporate purposes – 2.44
Company Overview
Incorporated in 2012, Gensol Engineering Limited is a part of Gensol group of companies, which offer EPC and solar advisory services. The company is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India. Being a one-stop solution for a value chain of the solar industry, it provides advisory services to leading project developers, leading institutions, solar EPC companies, and government policymakers. Under EPC business, the company manages turnkey engineering, construction and procurement contracts, internationally, with a team of 180+ engineers. Collectively, Gensol has erected solar power plants of over 188 MW capacity on ground and rooftops so far. With international reach, it provides consulting services to Kenya, Ukraine, Oman, Gabon, Sierra Leone, Nepal, Afghanistan, Indonesia, Philippines and Chad. It is also working on an EPC project in Egypt. In March 2015, the company has entered into a Joint Venture with Solarig N-Gage SA, Spain, which operates, constructs and owns photovoltaic solar parks. Gensol has a subsidiary named Gensun Renewable Pvt Ltd established in 2018 to work on power production generation & sales related activities under RESCO business. Recently, Gensol Engineering has become a technical consultant to NTPC for EPC Vendors for Ground Mounted, Floating & Rooftop Solar PV Projects for two years from 25 Sept 2019 to 24th Sept 2021.
Competitive Strengths
• Dedicated employee base • Strong client base • Dominative presence as compared to competitors • Technically equipped engineering teams • On time project completion