GP Eco Solutions India Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,472,400 (45%) | — | ₹1,384 Cr |
| NII (HNI) | — | 444,000 (14%) | — | ₹417 Cr |
| Retail | — | 1,032,000 (32%) | — | ₹970 Cr |
| Market Maker | — | 327,600 (10%) | — | ₹308 Cr |
| Σ Total | — | 3,276,000 (100%) | — | ₹30,794 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 | 1,200 | ₹112,800 |
| Retail (Max) | 13 | 15,600 | ₹1,466,400 |
| S-HNI (Min) | 14 | 16,800 | ₹1,579,200 |
| B-HNI (Min) | 67 | 80,400 | ₹7,557,600 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 7,859 | 10,448 | 8,353 |
| Profit After Tax | 473 | 370 | 277 |
| Net Worth | 1,298 | 825 | 455 |
| Total Assets | 4,729 | 4,715 | 1,905 |
| Reserves & Surplus | 578 | 805 | 435 |
| Total Borrowing | 1,545 | 1,317 | 518 |
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
- 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. –
Company Overview
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.