Issue Price
₹94
Per Share
GMP
NIL
Grey Market
Est. Listing
₹94
Expected Price
Min. Application
₹225,600
2 lots × 1200 shares
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 Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 327,600 | — | ₹3.08 Cr | — |
| TOTAL | 3,276,000 | 100.00% | ₹30.79 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹112,800 |
| Retail (Max) | 13 | 15,600 | ₹1,466,400 |
| sNII (Min) | 14 | 16,800 | ₹1,579,200 |
| bNII (Min) | 68 | 81,600 | ₹7,670,400 |
| 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 |
| Total Borrowings | 1544.79 | 1316.52 | 517.55 |