GP Eco Solutions India Limited

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
Email	cs@gpecosolutions.com
Website	https://www.gpecosolutions.com/

Offer Documents

GPES Solar IPO DRHP

GPES Solar IPO RHP

Registrar Details

Name	Bigshare Services Pvt Ltd
Phone	+91-22-6263 8200
Email	ipo@bigshareonline.com
Website	https://ipo.bigshareonline.com/ipo_status.html

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%