GPES Solar IPO

    GPES Solar IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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    The company will enter the market on June 14 and listing is expected to be on 24 June 2024.



    What is the latest GMP of GPES SolarIPO?*
    Latest GMP & Subject to rates: Click

    Check Subscription status of GPES Solar IPO
    On 14 June 2024 @ 5.00 (Day 1) 
    Review: good trend in RII
    QIB:           2.95 T
    NII:         76.14 T
    RII:         89.46 T
    Total:     61.92 T

    Application: 76938 (89.46X)
    Amount wise Subscription: Rs. 1717.10 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.

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