GP Eco Solutions India Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

14 Jun 2024

Close Date

19 Jun 2024

Allotment

20 Jun 2023

Listing Date

24 Jun 2024

Exchange

NSE SME

Price Band

₹94

Listing Price

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Allotment Status

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Price Band

₹94

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

32,76,000 shares (aggregating up to ₹30.79 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹112,800

1 lot

Pre-IPO Holding

84,34,800 shares

Promoters

Post-IPO Holding

1,17,10,800 shares

Promoters

P/E (Pre)

21.44x

P/E (Post)

17.44x

EPS (Pre)

₹4.38

EPS (Post)

₹5.39

UPI Deadline

2024-06-19

Mandate

Anchor AllotmentThu, 13 Jun 2024

Basis of AllotmentTue, 20 Jun 2023

Refund InitiationFri, 21 Jun 2024

Demat CreditFri, 21 Jun 2024

Listing DayMon, 24 Jun 2024

UPI Mandate Deadline2024-06-19

Sale TypeFresh Capital

Net Offer to Public29,48,400 shares (aggregating up to ₹27.71 Cr)

Market Maker Quota3,27,600 shares (aggregating up to ₹3.08 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

GP Eco Solutions India Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 19 Jun 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	327,600	—	₹3.08
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,276,000	100%	₹30.79

IPO Shares Offered

GP Eco Solutions India Ltd IPO total issue size: ₹30.79 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	327,600	₹3.08	10.00%
Total	3,276,000	₹30.79	100.00%

* Based on upper price band ₹94 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹94.00

Upper Band

Min Investment

₹112,800

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹225,600
Retail (Max — 13 Lots)	13	15,600	₹1,466,400
S-HNI (Min — 14 Lots)	14	16,800	₹1,579,200
B-HNI (Min — 68 Lots)	68	81,600	₹7,670,400

* Issue Price ₹94 × Lot Size 1,200 shares

IPO Schedule

Anchor

13 Jun 2024

✓ Done

IPO Open

14 Jun 2024

✓ Done

IPO Close

19 Jun 2024

✓ Done

Allotment

20 Jun 2023

✓ Done

Refunds

21 Jun 2024

✓ Done

Demat Credit

21 Jun 2024

✓ Done

Listing Day

24 Jun 2024

✓ Done

₹94.00

INR · NSE

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Issue ₹94.00 Live Price

About GP Eco Solutions India Ltd

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.

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.

GP Eco Solutions India Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹8,353.0

31 Mar 2022

₹10,447.6

31 Mar 2023

₹7,858.9

31 Dec 2023

Profit After Tax (PAT)

₹277.2

31 Mar 2022

₹369.8

31 Mar 2023

₹473.3

31 Dec 2023

Particulars	31 Dec 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	7858.88	10447.63	8352.99
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	473.27	369.82	277.17
Net Worth	1298.08	824.81	454.98
Total Assets	4728.75	4715.19	1904.89
Reserves & Surplus	578.08	804.81	434.98
Borrowings	1544.79	1316.52	517.55
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	8.15%	—	—

P/BV Ratio

5.21

RoE

44.59%

RoCE

26.51%

RoNW

42.70%

PAT Margin

8.15%

Debt/Equity

1.11

Issue Structure & Shareholding

Total Shares Offered32,76,000 (100.00%)

Net Offer to Public29,48,400 shares (aggregating up to ₹27.71 Cr)

Reserved for Market Maker3,27,600 shares (aggregating up to ₹3.08 Cr)

Pre-Issue Promoter Holding84,34,800 shares

Post-Issue Promoter Holding1,17,10,800 shares

P/BV Ratio5.21

RoE44.59%

RoCE26.51%

Debt / Equity1.11

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

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Book Running Lead Managers

Corporate Capitalventures Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much GP Eco Solutions India Ltd IPO subscribed? ▲

GP Eco Solutions India Ltd IPO is subscribed 1.00 times by Jun 19, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is GP Eco Solutions India Ltd IPO retail subscription status? ▼

The GP Eco Solutions India Ltd IPO retail category is subscribed 1.00 times as of 19 Jun 2024. The retail portion is oversubscribed.

How to subscribe GP Eco Solutions India Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 14 Jun 2024 and closes 19 Jun 2024. Min investment: ₹112,800 (1 lot = 1,200 shares). UPI mandate: 2024-06-19.

How many times GP Eco Solutions India Ltd IPO subscribed? ▼

The GP Eco Solutions India Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check GP Eco Solutions India Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 20 Jun 2023. Refunds: on 21 Jun 2024.

When GP Eco Solutions India Ltd IPO will be listed? ▼

The GP Eco Solutions India Ltd IPO listing date is 24 Jun 2024, Monday. Listed on: NSE SME. Issue price: ₹94. Estimated listing: ₹94. GMP: NIL.

When GP Eco Solutions India Ltd IPO close? ▼

The GP Eco Solutions India Ltd IPO closes on 19 Jun 2024, Wednesday. UPI mandate: 2024-06-19. Allotment: 20 Jun 2023. Listing: 24 Jun 2024.

Quick Actions

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Live Price LIVE

Last Price₹94.00

Change—

Issue Price₹94.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹94

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹112,800

GMPNIL

Est. Listing₹94

Subscribed1.00x

Open Date14 Jun 2024

Close Date19 Jun 2024

Allotment20 Jun 2023

Listing Date24 Jun 2024

ExchangeNSE SME

UPI Deadline2024-06-19