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Gensol Engineering IPO is a book built issue of Rs 17.93 crores.
Gensol Engineering IPO bidding started from September 30, 2019 and ended on October 4, 2019. The allotment for Gensol Engineering IPO was finalized on Thursday, October 10, 2019. The shares got listed on BSE SME on October 15, 2019.
Gensol Engineering IPO price band is set at ₹81 to ₹83 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹132,800.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Gensol Engineering IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Gensol Engineering IPO RHP for detailed information.
IPO Date | September 30, 2019 to October 4, 2019 |
Listing Date | October 15, 2019 |
Face Value | ₹10 per share |
Price Band | ₹81 to ₹83 per share |
Lot Size | 1600 Shares |
Total Issue Size | 2,160,000 shares (aggregating up to ₹17.93 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 6,042,737 |
Share holding post issue | 8,202,737 |
Market Maker portion | 108,800 shares |
Gensol Engineering IPO offers 2,160,000 shares. 1,025,600 (47.48%) to NII, 1,025,600 (47.48%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 108,800 (5.04%) |
NII (HNI) Shares Offered | 1,025,600 (47.48%) |
Retail Shares Offered | 1,025,600 (47.48%) |
Total Shares Offered | 2,160,000 (100%) |
Gensol Engineering IPO opens on September 30, 2019, and closes on October 4, 2019.
IPO Open Date | Monday, September 30, 2019 |
IPO Close Date | Friday, October 4, 2019 |
Basis of Allotment | Thursday, October 10, 2019 |
Initiation of Refunds | Friday, October 11, 2019 |
Credit of Shares to Demat | Monday, October 14, 2019 |
Listing Date | Tuesday, October 15, 2019 |
Cut-off time for UPI mandate confirmation | 5 PM on October 4, 2019 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1600 | ₹132,800 |
Retail (Max) | 1 | 1600 | ₹132,800 |
Lot Size Calculator |
Anmol Singh Jaggi and Puneet Singh Jaggi are the promototers of the company.
Share Holding Pre Issue | 96% |
Share Holding Post Issue | 70.72% |
� Dedicated employee base � Strong client base � Dominative presence as compared to competitors � Technically equipped engineering teams � On time project completion
Particulars | For the year/period ended (in Rs. Lakhs) | ||||
---|---|---|---|---|---|
31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |||
Total Assets | 4,288.66 | 2,643.71 | 996.80 | ||
Total Revenue | 8,385.43 | 6,964.42 | 6,231.77 | ||
Profit After Tax | 649.68 | 533.66 | 118.90 |
Objects of the issue are:
1. Funding the working capital requirements of the Company:
2. General corporate purposes
[Dilip Davda] As investors have burnt their fingers with investment in solar projects, this issue may face the music. However, GEL is engaged in advisory and O & M services for Solar projects and as such, it differs from others and is poised for bright prospects going forward. Considering financial data and fully priced issue, moderate investment for the long term may be considered. Read detail review...
The Gensol Engineering IPO is subscribed 1.32 times on October 4, 2019 6:50:02 PM. The public issue subscribed 0.37 times in the retail category, times in the QIB category, and 2.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
NII | 2.27 |
Retail | 0.37 |
Total | 1.32 |
Listing Date | October 15, 2019 |
BSE Script Code | 542851 |
NSE Symbol | GENSOL |
ISIN | INE06H201014 |
Final Issue Price | ₹83 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹83.00 |
₹85.40 |
₹83.50 |
₹89.50 |
₹86.25 |
Gensol Engineering Limited
156-157 Sector 9C,
Madhya Marg
CH 160031 IN
Phone: 079 4006 8236
Email: communications@gensol.in
Website: https://gensolsolar.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: gensol.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Gensol Engineering IPO is a SME IPO of 2,160,000 equity shares of the face value of ₹10 aggregating up to ₹17.93 Crores. The issue is priced at ₹81 to ₹83 per share. The minimum order quantity is 1600 Shares.
The IPO opens on September 30, 2019, and closes on October 4, 2019.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Gensol Engineering IPO opens on September 30, 2019 and closes on October 4, 2019.
Gensol Engineering IPO lot size is 1600 Shares, and the minimum amount required is ₹132,800.
You can apply in Gensol Engineering IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Gensol Engineering IPO will be done on Thursday, October 10, 2019, and the allotted shares will be credited to your demat account by Monday, October 14, 2019. Check the Gensol Engineering IPO allotment status.
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