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SME IPO Status: Listed [14th Jun 2024 to 19th Jun 2024]
GPES Solar IPO, a SME IPO of ₹30.79 Cr was launced on 14-06-2024 to 19-06-2024 and the shares got listed on NSE SME on 24-06-2024.
The public issue of GPES Solar IPO (GPECO) was offered at ₹94.00 per share and the ipo was listed at ₹375.00. It has delivered listing gain of 298.94%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 337200.00 per lot return on listing.
| SME IPO Issue Opening Date: | 14th Jun 2024 |
| SME IPO Issue Closing Date: | 19th Jun 2024 |
| SME IPO Issue Price: | ₹90.00-94.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹30.79 Cr |
| Fresh Issue: | ₹30.79 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 86.4% |
| Promoter Holding Post IPO: | 62.23% |
| Allotment Status: | Allotment Status |
| NSE Code: | GPECO |
Get important updates regarding GPES Solar SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 20th Jun 2024 |
| Refunds Initiation* | 21st Jun 2024 |
| Credit of Shares to Demat* | 21st Jun 2024 |
| SME IPO Listing Date* | 24th Jun 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹90.00-94.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹112800 |
| Min HNI Lots: | 2400 shares (2 lots)- ₹225600 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 24-06-2024 | 94.00 | 181 | 165100 | ₹275 (192.55%) | 24-Jun-2024 10:23 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
GP Eco Solutions India Limited was founded in July 2010. The company distributes a wide range of solar inverters and solar modules. The company also acts as an integrated solar energy solutions provider, offering comprehensive engineering, procurement and construction ("EPC") services to its commercial and residential customers. However, the contribution of this segment is comparatively lower than that of the distribution of solar inverters and solar modules.
The company also has its own brand called "Invergy". Hybrid solar inverters and lithium ferro-phosphate (LFP) batteries are sold under the Invergy brand. Invergy is involved in the OEM production of hybrid and LFP products. Invergy has its own high-quality and reliable protocol for contract manufacturing of these products. Invergy manages its own supply chain to enable easy and convenient transitions.
This refers to a business arrangement where one company (Invergy) outsources the manufacturing of its products to another company. In this context, Invergy has developed its own policies and procedures, often referred to as a protocol, to ensure that products manufactured by contractors meet certain quality and reliability standards.
| Incorporation | Sector | IPO Issue Size | Website |
| 2010 | Other Electrical Equipment | ₹30.79 Cr | https://www.gpecosolutions.com/ |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 589,200 (28.53%) | 444,000 (21.5%) | 1,032,000 (49.97%) | 2,065,200 | |
| 1 | 14th Jun 2024 19:31 | 2.95x | 76.14x | 89.46x | 61.92x |
| 2 | 18th Jun 2024 19:31 | 9.48x | 392.32x | 365.30x | 269.59x |
| 3 | 19th Jun 2024 18:21 | 236.64x | 1,824.87x | 793.20x | 856.21x |
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 Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,728.75 | 4,715.19 | 1,904.89 | 1,429.81 |
| Revenue | 7,858.88 | 10,447.63 | 8,352.99 | 4,652.91 |
| Profit After Tax | 473.27 | 369.82 | 277.17 | 96.94 |
| Net Worth | 1,298.08 | 824.81 | 454.98 | 177.81 |
| Reserves and Surplus | 578.08 | 804.81 | 434.98 | 157.81 |
| Total Borrowing | 1,544.79 | 1,316.52 | 517.55 | 351.37 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| GP Eco Solutions India Limited | 5.14 | 5.14 | 11.46 | 57.79 | Standalone | |
| Sungarner Energies Limited | 6.35 | 6.35 | 19.1 | 59.14 | 23.18 | Standalone |
Last Updated on 28-Jun-2024 07:02:45
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase GPES Solar SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply GPES Solar SME IPO with Zerodha.
Alternate approch to apply in GPES Solar SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
GPES Solar SME IPO Review and Important Updates
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To subscribe or apply in GPES Solar SME IPO, you can use the following methods:
| GPES Solar SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in GPES Solar SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in GPES Solar SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in GPES Solar SME IPO. Most of the Syndicate Banks provide access to apply in GPES Solar IPO via ASBA process. You must have your net banking access, DP ID information to apply in GPES Solar SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in GPES Solar SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
GPES Solar SME IPO Review and Important Updates
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GPES Solar SME IPO is going to be list on 24-06-2024. NSE Code for GPES Solar is GPECO.
Other relevant questions:
When GPES Solar SME IPO will be listing? GPES Solar SME IPO NSE listing date?GPES Solar SME IPO date of listing
GPES Solar SME IPO Allotment Date is 20-06-2024.
Other relevant questions:
GPES Solar SME IPO share allotment date?GPES Solar SME IPO allotment date?
