GP Eco Solutions India Limited
Book Built Issue IPO · NSE
- Price band
- ₹90 - ₹94
- Lot size
- 1,200 shares
- Issue amount
- ₹30.79 cr
- Total subscription
- 856.37×
- Opens
- 14 Jun 2024
- Closes
- 19 Jun 2024
- Allotment
- 20 Jun 2024
- Listing
- 24 Jun 2024
Offer at a glance
Issue overview
- Issue size
- 32,76,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,08,000
- Fresh issue
- ₹30.79 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,12,800
- Issue type
- Book Built Issue IPO
- Shares before issue
- 84,34,800
- Shares after issue
- 1,17,10,800
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,12,800 |
| HNI | 2 | 2,400 | ₹2,25,600 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 5.54 | 1,310.6 |
| RETAIL | 9.7 | 7,694.66 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 6.57 | 5.14 | 3.85 |
| ROE | 44.59 | 57.79 | 87.6 |
| ROCE | 26.51 | 14.24 | 44.15 |
| RONW | 42.7 | 57.79 | 87.6 |
| PRE IPO(PE) | 21.44 | 0 | 0 |
| POST IPO(PE) | 17.44 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
GP Eco Solutions India Limited, established in 2010, provides solar energy solutions for homes and businesses. The company offers end-to-end solar services, including design, supply, and installation. Under its own "Invergy" brand, it sells hybrid solar inverters and lithium ferro-phosphate (LFP) batteries, along with OEM manufacturing of these products. As an authorized dealer for Sungrow India (solar inverters), Saatvik Green Energy, and LONGi Solar (solar panels), the company brings high-quality solar technology to customers across North India. GP Eco Solutions is dedicated to promoting clean energy with innovative and reliable solar solutions.
Strengths
- Experienced Leadership: Our promoters and management team bring solid industry knowledge with a history of success.
- Trusted Partnerships: Long-term collaborations with top brands, backed by a customer-first approach.
- Proven Performance: Consistently delivering reliable results over the past three years.
Risk factors
- Secured Assets: The company’s properties and outstanding payments are used as security for loans, which may limit its financial freedom.
- Supply Chain Dependence: The company depends on outside suppliers, and any failure from their side could disrupt operations.
- Geographical Concentration: Most of the company's income comes from Rajasthan, Haryana, Uttar Pradesh, and Delhi, making it vulnerable to changes in these regions' economy or regulations.
Promoters
Mr. Deepak Pandey
Mrs. Anju Pandey
Mr. Astik Mani Tripathi
Registrar & documents
Lead manager
Corporate Capitalventures Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
B-39, Sector-59, Gautam Buddha Nagar, Noida - 201301
+91 - 8960095217
[email protected]Company website ↗Understanding GPECO IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.