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TCS, HDFCBANK, SBI Liquid Fund (G)
GP Eco Solutions India Ltd.

GPECO

Equity

NSE

Min. Investment

90,000.00

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IPO Details

Bidding Dates

14 Jun 24 - 19 Jun 24

Price Range ₹

90 - 94

Total Equity

30.79Cr

Lot Size

1200

Exchange Status

NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

0.00×

Qualified Institutional Buyers

0.00×

Employees

0.00×

Retail Investors

0.00×

Total subscription Rate

0.00×

IPO Timeline

Offer start

14 Jun 2024

Offer end

19 Jun 2024

Allotment

20 Jun 2024

Refund initiation

21 Jun 2024

Demat transfer

21 Jun 2024

Listing

24 Jun 2024

About Company

GP Eco Solutions India Limited, founded in 2010, specializes in solar inverters and solar panels. The company provides comprehensive solar energy solutions through engineering, procurement, and construction (EPC) services for both commercial and residential customers. Additionally, it distributes hybrid solar inverters and lithium ferro-phosphate (LFP) batteries under its own brand, Invergy, which is also involved in the OEM manufacturing of hybrid and LFP products. GP Eco Solutions India Limited is an authorized dealer of Sungrow India Pvt Ltd (Sungrow) for solar inverters in North India and of Saatvik Green Energy Private Limited (Saatvik) and LONGi Solar Technology Co Ltd (LONGi) for solar panels in North India.

Year Founded

30-07-2010

Promotor Details

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage86.462.23
Share Capital72876007287600

Offer to Public

32,76,000.00 Cr

Highlights

  • The company boasts an experienced promoter and management team with strong industry expertise and a successful track record.
  • Long-term relationships with marquee brands, supported by a committed strategy for customer engagement, highlight the company's strong industry connections.
  • The company has demonstrated a good track record over the last three years, showcasing consistent performance and reliability.
  • Holding distributorships for renowned brands like Sungrow, Saatvik, and LONGi in Northern India positions the company as a key player in the region.
  • The company is actively exploring initiatives to strengthen control over its supply chain and increase its geographical presence, indicating a forward-looking growth strategy.

Challenges

  • A significant portion of the company's revenue comes from its top ten clients, and a major portion of its sales is concentrated in regions like Rajasthan, Haryana, Uttar Pradesh, and Delhi. Any adverse developments affecting these clients or regions could significantly impact its revenue and profitability.
  • The company relies heavily on third-party suppliers for its products and has not entered into any long-term agreements with these vendors. Any failure by suppliers to meet their obligations or any shifts in vendor decisions could adversely affect the company's business operations, cash flow, and profitability.
  • The company has experienced negative cash flows in the past and relies on unsecured loans that can be recalled at any time. This financial instability could adversely affect its operations, cash flow, and financial condition.
  • The company faces potential legal proceedings involving its promoters, discrepancies in corporate records, and a reliance on timely renewal of necessary approvals and licenses. Any adverse legal decisions or regulatory issues could negatively impact the company’s business operations and financial health.
  • The company’s operations are susceptible to fluctuations in regional economic conditions, technology changes, and evolving customer requirements. Additionally, any disruption in logistics and transportation, failure to manage inventory, or inability to maintain effective internal controls could impair the company’s operations and profitability.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20246,358.44843.48732.81732.518.6844
20234,830.9220.00288.46288.464.0064
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