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gp eco solutions ipo

GP Eco Solutions India IPO

  • Status: Closed
  • RHP:
  • ₹ 108,000 / 1200 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    24 Jun 2024

  • Listing Price

    ₹ 375.00

  • Listing Change

    298.94%

  • Last Traded Price

    ₹ 280.00

IPO Details

  • Open Date

    14 Jun 2024

  • Close Date

    19 Jun 2024

  • IPO Price Range

    ₹ 90 to ₹ 94

  • IPO Size

    ₹ 30.79 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    24 Jun 2024

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IPO Timeline

GP Eco Solutions India IPO Subscription Status

Last Updated: 25 June 2024 4:38 PM by 5Paisa

Last Updated: 19th June, 2024 by 5paisa

GP Eco Solutions IPO is all set to open from 14th June to 19th June 2024. The company distributes a wide range of solar inverters and solar panels. The IPO includes a fresh issue of 3,276,000 shares worth ₹30.79 cr. The share allotment date is 20th June 2024, and the IPO will be listed on 24th June 2024 on the stock exchanges. The price band is ₹90 to ₹94 and the lot size is 1200 shares.    

Corporate Capital Ventures Private Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of GP Eco Solutions IPO:

GP Eco Solutions Limited plans to utilize the raised capital from the IPO to:

●    To invest in the subsidiary called Invergy India Private Limited ("IIPL") for buying plant & machinery, other Miscellaneous Assets, and Construction / Civil Works for its facility.
●    To fund the working capital requirement.
●    General corporate purposes. 
 

GP Eco Solutions distributes a wide range of solar inverters and solar panels. It operates as authorized distributor of Sungrow India “Sungrow” for Solar Inverters in North India, and Saatvik Green Energy Private Limited “Saatvik” and LONGi Solar Technology Co. Ltd “LONGi” for solar panels in North India. Additionally, the company also has its own brand called Invergy under which it sells hybrid solar inverters and lithium ferro phosphate (LFP) batteries.

The company offers engineering, procurement, and construction (EPC) services to commercial and residential customers.

Peer Comparison

●    Sungarner Energies Limited

For More Information:
Webstory on GP Eco Solutions IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 101.21 83.44 46.46
EBITDA 3.42 4.55 1.74
PAT 3.69 2.77 0.96
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 47.15 19.04 14.29
Share Capital 0.20 0.20 0.20
Total Borrowings 38.90 14.49 12.52
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -5.74 -6.00 3.79
Net cash from / (used in) investing activities -2.30 3.92 -6.22
Net cash flow from / (used in) financing activities 7.98 1.66 2.81
Net increase (decrease) in cash and cash equivalents -0.05 -0.41 0.38


Strengths

1.    The company has strategic Partnerships with Industry Leaders.
2.    It believes in the quality of processes and products. 
3.    The company has strong and long-standing customer relationships.
4.    Experienced management team.
 

Risks

1.    A large portion of revenue comes from Solar Inverters. 
2.    Its revenues are highly concentrated in Rajasthan, Haryana, Uttar Pradesh, and Delhi.
3.    It has reported negative cash flow in the past. 
4.    High working capital requirements. 
 

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FAQs

GP Eco Solutions IPO opens from 14th June to 19th June 2024.
 

The GP Eco Solutions IPO size is ₹30.79 cr. 
 

To apply for GP Eco Solutions IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for GP Eco Solutions IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The price band of GP Eco Solutions IPO is fixed at ₹90 to ₹94 per share. 
 

The minimum lot size of GP Eco Solutions IPO is 1200 shares and the investment required is ₹1,08,000.
 

The share allotment date of GP Eco Solutions IPO is 20th June 2024.
 

The GP Eco Solutions IPO will be listed on 24th June 2024.
 

Corporate Capital Ventures Private Limited is the book-running lead manager for GP Eco Solutions IPO.
 

GP Eco Solutions plans to utilize the raised capital from the IPO to:

●    To invest in the subsidiary called Invergy India Private Limited ("IIPL") for buying plant & machinery, other Miscellaneous Assets, and Construction / Civil Works for its facility.
●    To fund the working capital requirement.
●    General corporate purposes.