GP Eco Solutions India IPO Details
| IPO Size | 30.79 |
| Price Range | ₹90 to ₹94 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1200 |
| Investment (cut-off price) | ₹112,800 |
| Pre IPO Promotor Holding | 86.40% |
| Post IPO Promotor Holding | 62.23% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
GP Eco Solutions India IPO Timelines
14/06/2024
Start Date19/06/2024
End Date21/06/2024
Refund Initiation21/06/2024
Credit of Shares to Demat Ac24/06/2024
Listing DateGP Eco Solutions India IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹112,800 |
| Retail Maximum | 1 | 1200 | ₹112,800 |
| S-HNI Minimum | 2 | 2400 | ₹225,600 |
GP Eco Solutions India IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 2.95 x | 76.14 x | 89.46 x | -- | 61.92 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹375 | ₹393.75 | ₹393.75 | ₹375 |
GP Eco Solutions India IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹46.53 | ₹45.18 | ₹0.97 |
| FY 2022 | ₹83.53 | ₹79.78 | ₹2.77 |
| FY 2023 | ₹104.48 | ₹99.42 | ₹3.70 |
| FY 2024 (9M) | ₹78.59 | ₹72.20 | ₹4.73 |
About Company
GP Eco Solutions India Limited, originally founded as GP Eco Solutions India Private Limited on July 30, 2010, transformed a public limited company in November 2023. The company is a key player in the solar energy industry in North India. It is recognised for its distribution of solar inverters and solar panels and operates as an authorised distributor for Sungrow India Pvt Ltd, Saatvik Green Energy Private Limited, and LONGi Solar Technology Co. Ltd.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2010 | Energy | Deepak Pandey |
Know Before Investing
GP Eco Solutions India IPO Strengths
- Led by founder Mr Deepak Pandey, the company’s management team boasts over 13 years of industry expertise, ensuring knowledgeable leadership in solar energy project implementation across India.
- The company’s commitment to quality, demonstrated by its ISO 9001:2015 certification, ensures high standards in product delivery, fostering strong, long-term customer relationships and high retention rates.
GP Eco Solutions India IPO Risks
- The company’s heavy reliance on a few suppliers, with the top ten vendors accounting for up to 92.96% of raw material purchases, increases vulnerability to supply chain disruptions and quality issues.
- Dependency on key clients is high, with the top ten clients contributing up to 57.01% of revenues, posing a substantial risk if one or more of these relationships were to deteriorate or end.
Swot Analysis for GP Eco Solutions India IPO
Strengths
Weaknesses
Opportunities
Threats
Contact Details of IXIGO
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
Company Details
GP Eco Solutions India Limited
B-39, Sector-59,
Gautam Buddha Nagar,
Noida – 201301
Phone: +91 – 8960095217
Email: [email protected]
Website: https://www.gpecosolutions.com/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
FAQs
The key objectives of GP Eco Solutions India IPO are:
- To Meet Working Capital requirements of the Company “GP Eco Solutions”
- Investment in 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
Corporate Capital Ventures Pvt Ltd is the book-running lead managers for the GPES Solar IPO.