GP Eco Solutions India Limited

Company Profile
Company Name GP Eco Solutions India Limited
Open Date 14-06-2024
Close Date 19-06-2024
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹90 to ₹94 per share
Issue Size 32,76,000 shares
Application Amount ₹1,12,800
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
GP Eco Solutions India Limited was originally incorporated on July 30, 2010 having its registered office as well as the warehouse in Noida, Uttar Pradesh. The Company is an authorized distributor of Sungrow India Pvt Ltd for Solar Inverters, and authorized distributor for Saatvik Green Energy Private Limited and LONGi Solar Technology Co. Ltd for solar panels. Business Verticals- Distributor of Solar Inverters and solar panel, Solar EPC, Operation and maintenance of Solar Plant As on date of the Prospectus, the Company had 16 employees on its payroll in various departments.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 1,429.81 1,904.89 4,715.19 4,728.74
Net Assets 177.81 454.98 824.81 1,298.08
Total Borrowings 351.37 517.55 1,316.52 1,544.79
Total Revenue 4,652.91 8,352.99 10,447.63 7,858.88
Profit After Tax 96.94 277.17 369.82 473.25

Tentative Timeline

Opening Date 14-06-2024
Closing Date 19-06-2024
Basis of Allotment 20-06-2024
Initiation of Refunds 21-06-2024
Credit of Shares to Demat 21-06-2024
Listing Date 24-06-2024

Objects of the Issue

To meet the working capital requirements
Investment in subsidiary Invergy India Private Limited in relation to purchase of plant & machinery and other miscellaneous assets and also towards construction for its facility
General Corporate Expenses

Contact Information

Registered Office GP Eco Solutions India Limited B-39, Sector-59, Gautam Buddha Nagar, Noida - 201301
Phone +91 - 8960095217

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35.00% of the Offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 86.40%
Share Holding Post Issue (Promoters) 62.23%

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