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Open
14 Jun 2024
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Close
19 Jun 2024
3
Allotment
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Listing
Mon, Jun 24, 2024
Price Band
₹90 to ₹94
Issue Size
32,76,000 shares (agg. up to ₹31 Cr)
Lot Size
1,200 Shares
Listing Date
Mon, Jun 24, 2024
Latest GMP
₹181
Est. Gain
192.55%
✦ AI Insight
GMP Trend
24-06-2024₹181Est. ₹275+192.55%
23-06-2024₹181Est. ₹275+192.55%
22-06-2024₹180Est. ₹274+191.49%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 591.09x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 47.29 | 47.15 | 19.05 | 14.30 |
| Total Income | 78.59 | 104.48 | 83.53 | 46.53 |
| Profit After Tax | 4.73 | 3.70 | 2.77 | 0.97 |
| NET Worth | 12.98 | 8.25 | 4.55 | 1.78 |
| Reserves and Surplus | 5.78 | 8.05 | 4.35 | 1.58 |
| Total Borrowing | 15.45 | 13.17 | 5.18 | 3.51 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Alpex Solar Ltd. | SME | ₹74.52 Cr | ₹115 | 54.66 | ₹345.45 | +200.39% | ₹862.45 (-2.88%) |
| Australian Premium Solar (India) Ltd. | SME | ₹28.08 Cr | ₹54 | 23.58 | ₹147.00 | +172.22% | ₹295.00 (+0.53%) |
| Akanksha Power & Infrastructure Ltd. | SME | ₹27.49 Cr | ₹55 | 24.02 | ₹65.10 | +18.36% | ₹90.10 (-2.22%) |
| Supreme Power Equipment Ltd. | SME | ₹46.67 Cr | ₹65 | 10.69 | ₹102.90 | +58.31% | ₹217.85 (+3.00%) |
| Electro Force (India) Ltd. | SME | ₹80.68 Cr | ₹93 | 20.22 | ₹105.00 | +12.90% | ₹24.40 (+3.39%) |
| Saakshi Medtech & Panels Ltd. | SME | ₹45.16 Cr | ₹97 | 10.18 | ₹153.30 | +58.04% | ₹292.60 (-2.47%) |
| Sungarner Energies Ltd. | SME | ₹5.31 Cr | ₹83 | 13.07 | ₹262.35 | +216.08% | ₹222.50 (-4.93%) |
| Oriana Power Ltd. | SME | ₹59.66 Cr | ₹118 | 20.7 | ₹317.10 | +168.73% | ₹1,476.35 (-0.13%) |
| Rishabh Instruments Ltd. | Mainboard | ₹490.78 Cr | ₹441 | null | ₹443.15 | +0.49% | ₹659.50 (+2.44%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital requirements of our Company “GP Eco Solutions” | 12.45 |
| 2 | Investment in our 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 | 7.60 |
| 3 | General Corporate Expenses | 7.06 |
About GP Eco Solutions IPO
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.+ Read More
Contact Details
GP Eco Solutions India Ltd. AddressB-39, Sector-59Gautam Buddha NagarNoida, Uttar Pradesh, 201301+91 - 8960095217cs@gpecosolutions.comVisit Website