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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹30.79 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹30.79 Cr |
| Fresh Issue | ₹27.71 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹90.00-94.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | GPECO |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Corporate Capital Ventures Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
Minimum bid: 1,200 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
| 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 | ||||
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 44.59% |
| ROCE | 26.51% |
| Debt / Equity | 1.11% |
| RoNW | 42.70% |
| PAT Margin | 8.15% |
| Price to Book Value | 5.21 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.38 | 5.39 |
| P/E (x) | 21.44 | 17.44 |
| Promoter Holding | 86.4% | 62.23% |
| Market Cap | ₹110.08 Cr. | |
