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
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
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 86.4 | 62.23 |
| Share Capital | 7287600 | 7287600 |
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
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 4,830.92 | 20.00 | 288.46 | 288.46 | 4.0064 |
| 2024 | 6,358.44 | 843.48 | 732.81 | 732.51 | 8.6844 |
