Loading...

GP Eco Solutions India Limited IPO (GPES Solar IPO) Detail

June 14, 2024 - June 19, 2024

GPES Solar IPO is a book built issue of Rs 30.79 crores. The issue is entirely a fresh issue of 32.76 lakh shares.

GPES Solar IPO bidding started from June 14, 2024 and ended on June 19, 2024. The allotment for GPES Solar IPO was finalized on Thursday, June 20, 2024. The shares got listed on NSE SME on June 24, 2024.

GPES Solar IPO price band is set at ₹90 to ₹94 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹112,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹225,600.

Corporate Capitalventures Pvt Ltd is the book running lead manager of the GPES Solar IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for GPES Solar IPO is Ss Corporate Securities.

Refer to GPES Solar IPO RHP for detailed information.

GPES Solar IPO Details

IPO Date June 14, 2024 to June 19, 2024
Listing Date June 24, 2024
Face Value ₹10 per share
Price Band ₹90 to ₹94 per share
Lot Size 1200 Shares
Total Issue Size3,276,000 shares
(aggregating up to ₹30.79 Cr)
Fresh Issue3,276,000 shares
(aggregating up to ₹30.79 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue8,434,800
Share holding post issue11,710,800
Market Maker portion327,600 shares
Ss Corporate Securities

GPES Solar IPO Reservation

GPES Solar IPO offers 3,276,000 shares. 589,200 (17.99%) to QIB, 444,000 (13.55%) to NII, 1,032,000 (31.50%) to RII and 883,200 (26.96%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered883,200 (26.96%)
Market Maker Shares Offered327,600 (10.00%)
QIB Shares Offered589,200 (17.99%)
NII (HNI) Shares Offered444,000 (13.55%)
Retail Shares Offered1,032,000 (31.50%)
Total Shares Offered3,276,000 (100%)

GPES Solar IPO Anchor Investors Details

GPES Solar IPO raises Rs 8.30 crore from anchor investors. GPES Solar IPO Anchor bid date is June 13, 2024. GPES Solar IPO Anchor Investors list

Bid Date June 13, 2024
Shares Offered 883,200
Anchor Portion Size (In Cr.) 8.30
Anchor lock-in period end date for 50% shares (30 Days) July 20, 2024
Anchor lock-in period end date for remaining shares (90 Days) September 18, 2024

GPES Solar IPO Timeline (Tentative Schedule)

GPES Solar IPO opens on June 14, 2024, and closes on June 19, 2024.

IPO Open Date Friday, June 14, 2024
IPO Close Date Wednesday, June 19, 2024
Basis of Allotment Thursday, June 20, 2024
Initiation of Refunds Friday, June 21, 2024
Credit of Shares to Demat Friday, June 21, 2024
Listing Date Monday, June 24, 2024
Cut-off time for UPI mandate confirmation 5 PM on June 19, 2024

GPES Solar IPO Lot Size

Investors can bid for a minimum of 1200 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 1200 ₹112,800
Retail (Max) 1 1200 ₹112,800
HNI (Min) 2 2,400 ₹225,600
Lot Size Calculator

GPES Solar IPO Promoter Holding

Mr. Deepak Pandey, Mrs. Anju Pandey, and Mr. Astik Mani Tripathi are the promoters of the company.

Share Holding Pre Issue 86.4%
Share Holding Post Issue 62.23%

About GP Eco Solutions India Limited

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.

GP Eco Solutions India Limited Financial Information (Restated)

GP Eco Solutions India Limited's revenue increased by 25.08% and profit after tax (PAT) rose by 33.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,728.754,715.191,904.891,429.81
Revenue7,858.8810,447.638,352.994,652.91
Profit After Tax473.27369.82277.1796.94
Net Worth1,298.08824.81454.98177.81
Reserves and Surplus578.08804.81434.98157.81
Total Borrowing1,544.791,316.52517.55351.37
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of GPES Solar IPO is Rs 110.08 Cr.

KPI as of December 31, 2023.

KPI Values
ROE44.59%
ROCE26.51%
Debt/Equity1.11
RoNW42.70%
P/BV5.21
PAT Margin (%)8.15
Pre IPO Post IPO
EPS (Rs) 4.385.39
P/E (x) 21.4417.44
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.

Objects of the Issue (GPES Solar IPO Objectives)

The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:

  1. To Meet Working Capital requirements of the Company;
  2. 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
  3. General Corporate Expenses.

GPES Solar IPO Review (May apply)

[Dilip Davda]  The company is in distribution of solar inverters and panels which is a highly competitive and fragmented segment. The company posted steady growth in its top and bottom lines for FY21 to FY23, but its bottom line boosted for 9M-FY24 that raise eyebrows and concern over its sustainability. Based on FY24 annualized super earnings, the issue appears fully priced. Well-informed/cash surplus investors may park moderate funds for long term rewards. Read detail review...


GPES Solar IPO Subscription Status (Bidding Detail)

The GPES Solar IPO is subscribed 856.21 times on June 19, 2024 6:19:57 PM. The public issue subscribed 793.20 times in the retail category, 236.64 times in the QIB category, and 1,824.87 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB236.64
NII1,824.87
Retail793.20
Total856.21

Total Application : 682,151 (793.20 times)

GPES Solar IPO Prospectus

GPES Solar IPO Rating

2
3.0
Rating:Rated 3.0 stars
Vote Here ...

GPES Solar IPO Listing Details

Listing Date June 24, 2024
BSE Script Code
NSE Symbol GPECO
ISIN INE0S7E01015
Final Issue Price ₹94 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹94.00
₹375.00
₹375.00
₹393.75
₹393.75

Check IPO Performance…

GP Eco Solutions India Limited Contact Details

GP Eco Solutions India Limited
B-39, Sector-59,
Gautam Buddha Nagar,
Noida - 201301
Phone: +91 - 8960095217
Email: cs@gpecosolutions.com
Website: https://www.gpecosolutions.com/

GPES Solar IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

GPES Solar IPO - Buy or Not

GPES Solar IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Contact us Today

Check our SME IPO Guide New

GPES Solar IPO FAQs

GPES Solar IPO is a SME IPO of 3,276,000 equity shares of the face value of ₹10 aggregating up to ₹30.79 Crores. The issue is priced at ₹90 to ₹94 per share. The minimum order quantity is 1200 Shares.

The IPO opens on June 14, 2024, and closes on June 19, 2024.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in GPES Solar IPO using UPI as a payment gateway. Zerodha customers can apply in GPES Solar IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in GPES Solar IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'GPES Solar IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The GPES Solar IPO opens on June 14, 2024 and closes on June 19, 2024.

GPES Solar IPO lot size is 1200 Shares, and the minimum amount required is ₹112,800.

You can apply in GPES Solar 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 GPES Solar IPO will be done on Thursday, June 20, 2024, and the allotted shares will be credited to your demat account by Friday, June 21, 2024. Check the GPES Solar IPO allotment status.

The GPES Solar IPO listing date is on June 24, 2024.
Open an Instant Account with Zerodha

GPES Solar IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

Loading...

312 Comments

142. Anas khan |   Link |  Bookmark |June 29, 2024 7:13:27 PM
Got 1 lot, nice listing but now it has fall to 368. Should we hold it or sell. Any guidance from the community would really be appreciated🙏🏻
141. RPSM |   Link |  Bookmark |June 26, 2024 8:41:38 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Might be LC today
141.3. Ankur kejriwal |   Link |  Bookmark |June 26, 2024 11:57:25 PM
Hi, how do u know MM exited fully today ??
141.4. IPOLearning |   Link |  Bookmark |June 27, 2024 9:08:56 AM
You can refer to block deals on the NSE website. Please don't panic if you have bought this. HNIs can absorb the selling pressure as it is just around 2L quantity bought by flipper, and there are many who have already invested in Preipo. You should see the volumes and then decide accordingly.
140. IPOGainers |   Link |  Bookmark |June 24, 2024 11:00:51 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Seems much more upside is left in this
139. Vikajay |   Link |  Bookmark |June 24, 2024 9:30:33 AM
Is there any lock in period for pre IPO shares or it can be sold in preopen?
139.1. MuStrFc |   Link |  Bookmark |June 24, 2024 11:21:20 AM
IPO Guru IPO Guru (3000+ Posts, 2300+ Likes)
6 months lock-in for Mainboard, 1 year lock-in for SME IPOs @Vikajay
139.2. Vikajay |   Link |  Bookmark |June 24, 2024 1:50:39 PM
Thanks @MuStrFc
138. RoyaL Rajasthan |   Link |  Bookmark |June 24, 2024 11:25:04 AM
Angle one per GPES ke share sell nahi ho rahe he
oreder limit set 5 Lacs, current 1440000 bata raha he jabki order 5 Lacs ke andar hi
anyone please guide to sell
138.1. Nevin |   Link |  Bookmark |June 24, 2024 12:12:38 PM
Ready to buy at todays rate
137. Gurav |   Link |  Bookmark |June 24, 2024 11:05:19 AM
Superb Listing @ 375, Only Buyers @ 393.75, Sitting on one lot :) I'm looking forward to adding more profit in the coming days...
137.1. Anas khan |   Link |  Bookmark |June 29, 2024 7:08:21 PM
Listing has fall to 368, do you think we should hold it or sell?
136. SaurabhJogi |   Link |  Bookmark |June 24, 2024 11:02:49 AM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
Bumper listing and strong UC after that!
Unbelievable 😳
135. ARJUN'S EYE |   Link |  Bookmark |June 24, 2024 10:11:46 AM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
GP Eco Solutions India Ltd NSE SME IPO.
NSE Code:-24113                        
Symbol:-GPECO
Group:-ST
ISIN:-INE0S7E01015      
Issue Price:-94/-
Market Lot:-1200 Shares
Face Value:-10/-
Listing At:-NSE SME
134. IPO Electrifying |   Link |  Bookmark |June 24, 2024 9:30:27 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
All the best to allottees.
Dhamakedar listing...
Figure cross.
133. Nevin |   Link |  Bookmark |June 23, 2024 9:09:42 PM
Dear experts,
I have Zerodha demat account and applying for IPOs recently, but not got any allotment so far.
My question is can I more than once from a single demat account for a single IPO and how to apply under HNI category.

Thanks in advance for your time and advice.
133.1. Vimal Garodia |   Link |  Bookmark |June 23, 2024 10:51:06 PM
IPO Guru IPO Guru (3500+ Posts, 3900+ Likes)
​No, it is a simple rule, one PAN one application..

In SME IPOs, 2 lots and above is HNI
and in Mainboard IPOs above 2 lakhs value worth of lots is HNI..

Each bank or broker has different menu, some clearly have an HNI option some do not. You have to check that with your broker or bank customer care..
133.2. Nevin |   Link |  Bookmark |June 24, 2024 9:25:19 AM
Thanks Vimalji for your reply
132. SonuP |   Link |  Bookmark |June 22, 2024 7:32:55 PM
Somehow I have a feeling, This script will rewrite history on listing Day. But would like to know from @diwan kapoor @Chhote Lal @lokes @Noorul @newgen consultancy @KING VINOD @Vimal Garodia and other experts/esteemed members here, with so much of premium riding, Is there more rise after listing expected ? Can we buy for long term? Pls share views.TIA
132.2. SonuP |   Link |  Bookmark |June 23, 2024 10:55:40 AM
@diwan kapoor Thanks for letting know your views!
With market being so boyant and positivity in this Solar sector- be it trading or own manufacturing, we can expect super duper listing. Will take a call seeing Monday mkt sentiment and if availability is around 200-225, else in doubt is always good to give a skip as the current premium is high.
132.3. Vimal Garodia |   Link |  Bookmark |June 23, 2024 7:20:48 PM
IPO Guru IPO Guru (3500+ Posts, 3900+ Likes)
@SonuP  I agree wih @diwan kapoor bhai, not really comfortable about buying after listing!!
131. sumathi |   Link |  Bookmark |June 22, 2024 1:47:33 PM
Sir please suggest best Demat account for SME Ipos
131.1. KGSKIPO |   Link |  Bookmark |June 22, 2024 1:54:57 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Dhan. Little bit complicated user interface. Once familiar, it is easy. No delivery charge, no amc
130. Bambaiya |   Link |  Bookmark |June 22, 2024 12:22:30 PM
As usual....No Allotment.
looks like Bumper listing....missed the Bus :(
129. Ankur kejriwal |   Link |  Bookmark |June 22, 2024 12:13:36 AM
Hi everyone, got 1 lot of it. What should be its listing strategy. ? Can we hold it for short/ medium for further gains & can expect something on the lines of Alpex solar?
128. M.Patel Gujju |   Link |  Bookmark |June 21, 2024 11:54:29 PM
0/17....😭
127. Sandapaul |   Link |  Bookmark |June 21, 2024 8:53:46 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@Rakcyt @CASuraj @Jsca @Tejas Pandya @GrayIsTheNewBlack @newgen consultancy 

Now subscriotion has gone up by 3 to 5 times on an average,,,,, if you were getting allocation in 10 IPO in an year, now you will get in 2-3..
If your IPO return was 50% yearly one year back, now you will get 10% nd it will be lower going forward with even more people coming.... 1880X in 34cr IPO was never heard of before,, though 1000X was seen in 5-10cr issue.

So need to change strategy, no point giving this much when secondary market is on fire.
I have sensed this, when market fall on 4th,, i deployed 80% of IPO money in secondary market,,, earlier i used to apply 5bhni in mainboard, now having just money for 1 bhni as rest is deployed and given 20% resturn on average in just 20 days... Had i been struck to IPO only,, this return would not have been possible in entire year in current subscription times..

All have to think now, as returns are not interesting anymore and returns will fall further with new demat entering everyday coupled with few social media iPO handle doing lot of advertising.. Those people just want clicks and make video as if 1 lot lagate hi unko gauranteed SME mil Jaayega... 🤣

Any suggestion from all of you is welcome, but i am finding returns going forward subdued
127.8. Ascension |   Link |  Bookmark |June 22, 2024 3:39:14 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
well summarized , after reading this I think need to quit retail app in sme and shni in mainboard for me its merely block- unblock game for a long time.
127.9. Shubham Rana |   Link |  Bookmark |June 22, 2024 11:54:58 PM
@Sandapaul Sir please suggest some share for 2 year investment view
126. Vnrao |   Link |  Bookmark |June 21, 2024 1:09:13 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Bigshare is late in unblocking funds.
126.1. Heathslayer |   Link |  Bookmark |June 21, 2024 1:32:01 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Not even a message of unblocking of funds yet. pathetic from bigshare
125. Heathslayer |   Link |  Bookmark |June 21, 2024 11:54:11 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
When is Big share going to unblock the amount? are they always this slow?
124. vikas uniyal |   Link |  Bookmark |June 21, 2024 11:14:46 AM
0/7 Retail, Not Allotment, GPES Solar IPO Message Board
123. Unknown Man |   Link |  Bookmark |June 21, 2024 3:16:08 AM
200% pe list karke 400% tak le jayenge... Fir retail FD Tod ke Paisa lagayega.

😀😁😆