Gp Eco Solutions India Limited IPO opens today. Check the GMP & other details here
Gp Eco Solutions India Limited (GPECO) focuses on propelling India towards a sustainable future through its solar business. The company distributes “High Quality and Technologically Advanced Solar Energy Products” to consumers via a network of Solar System Integrators, Channel Partners, and Installers. As an exporter and distributor/channel partner, GPES also engages in additional business activities as a manufacturer, wholesaler, trader, service provider, importer, and supplier.
IPO Details
This IPO is categorised under SME. The other details are :
| Description | Details |
|---|---|
| Open Date | 14 Jun, 2024 |
| Close Date | 19 Jun, 2024 |
| Allotment Date | 20 Jun, 2024 |
| Listing Date | 24 Jun, 2024 |
| Issue Price | ₹90-94 per equity share |
| Face Value | ₹10 Per Equity Share |
| Market Lot | 1200 Shares (₹112,800/-) |
| Listing at | NSE |
| Registrar | Bigshare Services Pvt Ltd |
| Lead Manager | Corporate Capitalventures Pvt Ltd |
| Retail Portion | 35% |
| Issue Size | 3,276,000 shares (aggregating up to ₹30.79 Cr) |
Company Financials (Values are in ₹ Lakh)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 4,715.19 | 1,904.89 | 1,429.81 |
| Revenue | 10,447.63 | 8,352.99 | 4,652.91 |
| Profit After Tax | 369.82 | 277.17 | 96.94 |
The Promoters of the Co. :
- Mr. Deepak Pandey
- Mrs. Anju Pandey
- Mr. Astik Mani Tripathi
Currently the Promoters are holding 86.40% shares of the company which will be reduced to 62.23% Post IPO.
Objectives of issuing IPO :
- To finance the Working Capital of the Company
- Investment in their subsidiary {Invergy India Private Limited (IIPL) } in order to purchase Plant & Machineries and other Miscellaneous Assets and also towards Construction / Civil Works for its facility.
- General Corporate Expenses.
READ More: Transformers and Rectifiers Ltd Announces ₹500 Crore Share Issuance via QIP.
Grey Market Premium (GMP) Today :
The current GMP of the company is around Rs.110-130 which is around 117% of the Issue price . It is expected that investors can get a profit of 117% per lot if the stock lists at such GMP price.
Note: The GMP fluctuates on the basis of market demand.
Disclaimer:
The recommendations made above are by market analysts and are not advised by either the author, nor FinTrend 24. The author, nor the brokerage firm nor FinTrend 24 would be liable for any losses caused as a result of decisions based on this write-up. FinTrend 24 advises users to consult with certified experts before making any investment decision.