58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

GP Eco Solutions India Limited IPO (GP Eco Solutions India IPO) Detail

GP Eco Solutions India IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in New Delhi and caters to Solar sector. Corporate Capital Ventures Private is the merchant banker of GP Eco Solutions India IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 4th March 2024.

GP Eco Solutions India IPO open date is 14th June 2024 and close date is 19th June 2024. IPO Allotment Date is 20th June 2024 and Listing date is 24th June 2024.

IPO Category : SME
Exchange : NSE EMERGE
Issue Type : Book Building

GP Eco Solutions India IPO Date

Date of DRHP:
4th March 2024
IPO Allotment Date:
20th June 2024
IPO Open Date:
14th June 2024
Initiation of Refund:
21st June 2024
IPO Closing Date:
19th June 2024
IPO Listing Date:
24th June 2024

GP Eco IPO Info, Size, Subscription

GP Eco Solutions India IPO size is Rs 30.79 Cr. crores with IPO price of Rs 94.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 30.79 Cr.

Issue Price:
₹ 94.00

Market Capitalisation :
₹ 110.08 Cr.

PE multiple :
17.44

Subscription :
856.21 times

Pre Issue Promoter Holding :
86.40 %

Post Issue Promoter Holding :
62.23%

GP Eco Solutions India IPO Information

Sub Sector : Solar energy solutions by providing comprehensive engineering, procurement, and construction ("EPC") services to commercial and residential customers.
GP Eco Solutions India Limited is involved in the distribution of a wide range of solar inverters and solar panels. It is an authorized distributor for Sungrow India Pvt Ltd, Saatvik Green Energy Private Limited, and LONGi Solar Technology Co. Ltd, for solar inverters and panels in North India. Additionally, the company provides integrated solar energy solutions, offering engineering, procurement, and construction (EPC) services to both commercial and residential customers, although this segment contributes less compared to the distribution business. The company also has its own brand, "Invergy," under which it sells hybrid solar inverters and lithium ferro phosphate (LFP) batteries. Invergy manages OEM manufacturing and maintains its own quality and reliable protocols for contract manufacturing, ensuring efficient and comfortable supply chain management.

Object of Issue (GP Eco IPO Objectives)

  • To Meet Working Capital requirements of the Company
  • Investment in the subsidiary, Invergy India Private Limited
  • General Corporate Expenses

Corporate Capital Ventures Private Limited is the book-running lead manager of the GP Eco Solutions India IPO. Skyline Financial Services Private Limited is the Registrar and Market Maker is Ss Corporate Securities Limited for GP Eco Solutions India IPO.

GP Eco IPO Market Maker

Ss Corporate Securities Limited

GP Eco IPO Registrar (RTA)

Skyline Financial Services Private Limited

GP Eco IPO Lead Manager (BRLM)

Corporate Capital Ventures Private Limited

GP Eco Solutions India IPO anchor investors are the below investors. The number of anchor investors in this IPO is 5.

Anchor Investors in GP Eco IPO

No. of Anchor Investors: 5

Anchor Investor Name   No. of shares Allotted Offer Price (in Rs.) Amount Invested (in Rs.)
CCV EMERGING OPPORTUNITIES 349,200.00 ₹94.00 ₹32,824,800.00
Persistent Growth Fund- 213,600.00 ₹94.00 ₹20,078,400.00
FINAVENUE CAPITAL TRUST 106,800.00 ₹94.00 ₹10,039,200.00
Vikasa India EIF 106,800.00 ₹94.00 ₹10,039,200.00
Acintyo Investment Fund 106,800.00 ₹94.00 ₹10,039,200.00

GP Eco Solutions India IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is GP Eco Solutions India IPO?

GP Eco Solutions India IPO, based in New Delhi, operates in the   Solar sector with a focus on Solar energy solutions by providing comprehensive engineering, procurement, and construction ("EPC") services to commercial and residential customers.. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. GP Eco Solutions India IPO size is ₹ 30.79 Cr. Crores with fresh issue size of Rs 30.79 Cr. Crores and Offer for sale being Nil.

When is GP Eco IPO allotment?

The IPO allotment date for GP Eco Solutions India IPO is expected to be 20th June 2024, after the finalization of basis of allotment. Investors can check GP Eco Solutions India IPO allotment status on the registrars website, Skyline Financial Services Private Limited. GP Eco Solutions India IPO refund dates are 21st June 2024.

When is GP Eco Solutions India IPO listing date?

GP Eco Solutions India IPO is expected to be listed on 24th June 2024.

What is the price band for GP Eco IPO?

The upper price band for the GP Eco Solutions India IPO is set at ₹ 94.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is GP Eco Solutions India IPO Review?

For IPO analysis on GP Eco Solutions India IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for GP Eco Solutions India IPO?

To apply for the GP Eco Solutions India IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 19th June 2024. After submission, funds are blocked until the basis of allotment of GP Eco Solutions India IPO is finalised.

Who is the merchant banker of GP Eco IPO?

The merchant banker for GP Eco Solutions India IPO is Corporate Capital Ventures Private Limited . Corporate Capital Ventures Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the GP Eco Solutions India IPO RHP for further details.

Who is the Registrar of GP Eco Solutions India IPO?

The registrar for GP Eco Solutions India IPO is Skyline Financial Services Private Limited. Investors can go to Skyline Financial Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to GP Eco Solutions India IPO through their official website or helpline.

What is the GP Eco Solutions India IPO subscription?

GP Eco Solutions India IPO was subscribed 856.21 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

  • IPO Size: ₹ 30.79 Cr. Avg IPO Size (Sector Based) : ₹ 36.07 Cr.
  • Sector: Solar SME IPO so far: 11
  • Merchant Banker: Corporate Capital SME IPO by BRLM so far: 47
  • City: New Delhi SME IPO so far: 152
  • Revenue (annualised): ₹ 104.53 cr.
            PAT: (annualised): ₹ 6.31 cr.
  • PE Ratio: 17.44x Average Sector PE Ratio: 20.25x
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FAQs

GP Eco Solutions India IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on GP Eco Solutions India Financial Review Page

GP Eco Solutions India IPO subscription was 856.21 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

GP Eco Solutions India IPO listed at a listing price of 393.75 against the offer price of 94.00.

The current market price of GP Eco Solutions India is 300.80.

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