June 24, 2024
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GPES Solar IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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GPES Solar IPO Listing Review
On 24 June 2024, the scrip is listing at Rs.375, premium of 298.74% over the listing price. The valuation appears to be on very higher side. So if you have been allotted shares, profit booking may be done.
What is the latest GMP of GPES Solar IPO?*
Latest GMP & Subject to rates: Click
Check Subscription status of GPES Solar IPO
On 19 June 2024 @ 5.00 (Day 3) (Closed)
Review: Overall impressive trend
QIB: 236.64 T
NII: 1824.87 T
RII: 793.20 T
Total: 856.21 T
Application: 6,82,151 (793.20X)
Amount wise Subscription: Rs. 16619.04 Crore
What is the business of GPES Solar?
GPES Solar is involved in the distribution of a wide range of solar inverters and solar panels. The company is an authorized distributor of Sungrow India Pvt Ltd or “Sungrow” for Solar Inverters in North India, and it is also authorized distributors for Saatvik Green Energy Private Limited or “Saatvik” and LONGi Solar Technology Co. Ltd or “LONGi” for solar panels in North India.
Additionally, it serves as an integrated solar energy solutions provider, delivering comprehensive engineering, procurement, and construction (“EPC”) services to its commercial and residential customers, however the contribution of this segment is comparatively less as compared to business of distribution of solar inverters and solar panels.
The company also has its own brand called “Invergy”. Under the Invergy brand, we sell hybrid solar inverters and lithium ferro phosphate (LFP) batteries. Invergy deals in OEM manufacturing for hybrid and LFP products. Invergy has its own quality and reliable protocol for contract manufacturing of these products. Invergy manages its own supply chain stream to provide easy and comfortable transitions.
Get more information about the company @ https://www.gpecosolutions.com/
| GPES Solar IPO Details | |
| IPO opens on | 14 June 2024 |
| IPO closes on | 19 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3276000 Shares / Rs 30.79 Crore |
| * Fresh Issue | 3276000 Shares / Rs 30.79 Crore |
| * Offer for Sale | – Shares / Rs – Crore |
| Market Maker Portion | 327600 Shares |
| Net offer to Public | 2948400 Shares / Rs 36.29 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.90-94 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | BSE SME |
| Shares offered in GPES Solar IPO | ||
| Shares | Rs. (Crore) | |
| QIB (0%) | 1474200 | 13.86 |
| NII (50%) | 442260 | 4.15 |
| RII (50%) | 1031940 | 9.70 |
| Total Shares | 2948400 | 36.29 |
| Retail portion will be oversubscribed by | 860 | |
| Forms | ||
| How much Shares to Apply in GPES Solar IPO? | ||
| Min Retail Application | 1200 Shares | Rs. 112800 |
| Min HNI Application | 2400 Shares | Rs.225600 |
Who are the Promoters of GPES Solar IPO?
Mr. Deepak Pandey, Mrs. Anju Pandey, and Mr. Astik Mani Tripathi are the promoters of the company.
What are the Objects of GPES Solar IPO?
The Offer comprises of a Fresh Issue of Equity shares
The company intends to utilize the proceeds of the Offer to meet the following objects: –
1.To Meet Working Capital requirements of the Company;
2.Investment in the 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; and
3.General Corporate Expenses.
| GPES Solar IPO Tentative timetable | |
| IPO opens on | 14 June 2024 |
| IPO Closes on | 19 June 2024 |
| IPO Allotment on | 20 June 2024 |
| Refund Initiation | 21 June 2024 |
| Credit of Shares | 21 June 2024 |
| Listing on | 24 June 2024 |
| Registered Office of the Company GP Eco Solutions India Limited B-39, Sector-59, Gautam Buddha Nagar, Noida – 201301 |
| Who is the Lead Manager of GPES Solar IPO? Corporate Capitalventures Pvt Ltd |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
| GPES Solar IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2020-21 | 46.53 | 0.97 | 1.35 | 80.55 |
| 2021-22 | 83.53 | 2.77 | 3.85 | 87.60 |
| 2022-23 | 104.48 | 3.69 | 5.14 | 57.79 |
| Book Value of the Share on | 31.12.2023 | Rs 18.03 | ||
| BV of the Share at cap price | after the IPO | Rs. 42.65 | ||
| Offer Price/upper band | Rs. 94 | |||
| GPES Solar IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 18.29 |
| Price/BV Ratio | 5.21 |
| Upper price/BV after IPO | 2.20 |
How GPES Solar IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| GPES Solar | 10 | 104.48 | 18.29 |
| Sungarner Energies | 10 | 17.65 | 59.54 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
GPES Solar IPO To the point Guidance
GPES Solar is involved in the distribution of a wide range of solar inverters and solar panels. The company is an authorized distributor of Sungrow India Pvt Ltd or “Sungrow” for Solar Inverters in North India, and it is also authorized distributors for Saatvik Green Energy Private Limited or “Saatvik” and LONGi Solar Technology Co. Ltd or “LONGi” for solar panels in North India.
Additionally, it serves as an integrated solar energy solutions provider, delivering comprehensive engineering, procurement, and construction (“EPC”) services to its commercial and residential customers.
Size: The size of the IPO is 3276000 Shares/Rs. 30.79 crore. The retail portion is of Rs. 9.70 crore and HNI portion is of Rs. 4.15 Crore. The retail portion can get one time subscribed by just 860 applications. Considering overall investors fancy towards the market, getting oversubscribed will not be an issue.
Financial Analysis: The company has shown sharp rise in the topline and bottomline in the year prior to the IPO. Topline has increased to Rs. 104.48 crore from Rs. 46.53 crore in the year 2020-21. The net profit has increased to Rs. 3.69 crore from just Rs. 97 lacs in the year 2020-21. Such sharp rise in the net profits raises the eyebrows and we are not sure, whether the company will maintain such profits in the coming years. Not so attractive. May Avoid
Quicklinks
GPES Solar IPO GMP today details
GPES Solar IPO
GPES Solar IPO FAQs
What is GPES Solar IPO?
GPES Solar IPO is a SME IPO of 3276000 equity shares of the face value of Rs. 10 aggregating up to Rs.30.79 Crores. The issue is priced at Rs.94 per share. The minimum order quantity is 1200 Shares.
When will GPES Solar IPO open?
GPES Solar IPO opens on June 14, 2024, and closes on June 19, 2024.
What is the lot size of GPES Solar IPO?
GPES Solar IPO lot size is 1200 Shares, and the minimum amount required is Rs.112800.
How to apply for GPES Solar IPO?
You can apply in GPES Solar IPO IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is GPES Solar IPO allotment?
The finalization of Basis of Allotment for GPES Solar IPO will be done on 20 June, 2024, and the allotted shares will be credited to your demat account by June 21, 2024.
When is GPES Solar IPO listing date?
GPES Solar IPO listing date is June 24, 2024.
