GP Eco Solutions India Ltd

GP Eco Solutions India Limited 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 very 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.

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50years

GP Eco Solutions India Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
32.76 LTBA10.32 L71.86 LNSE₹ 30.79 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
14 Jun, 2419 Jun, 241200 ₹ 1,08,000 Book Building - SME24 Jun, 24

GP Eco Solutions India Ltd IPO Details

GP Eco Solutions India Ltd IPO Dates

  • 14 Jun 2024

    Opening date

  • 19 Jun 2024

    Closing date

  • 20 Jun 2024

    Basis of
    Allotment

  • 20 Jun 2024

    Initiation of
    Refunds

  • 21 Jun 2024

    Credit of
    Shares

  • 24 Jun 2024

    Listing date

Details

SectorType
SectorElectric Equipment
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB1.18x14724001740000
NII75.05x44400033320400
Retail85.56x103200088294800
Employee0x00
Total37.65x3276000123355200

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

GP Eco Solutions India Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations5.444.011.50
EBITDA5.824.281.65
PAT3.702.770.97
Total Assets42.2116.177.30
Share Capital0.200.200.20
Total Borrowings21.395.112.19
Operating Activities (Net Cash)4.083.041.12
Investing Activities (Net Cash)0.000.000.00
Financing Activities (Net Cash)21.395.112.19
Net Cashflow0.060.110.52

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About GP Eco Solutions India Ltd

GP Eco Solutions India Limited was originally incorporated on July 30, 2010 as a Private Limited Company as GP Eco Solutions India Private Limited vide Registration No. 041528 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Kanpur. Subsequently, pursuant to a special resolution passed by the Shareholders at their Extra ordinary General Meeting held on October 25, 2023, the Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed to GP Eco Solutions India Limited and a Fresh Certificate of Incorporation consequent to Conversion was issued on November 17, 2023 by the Registrar of Companies, Kanpur. The Corporate Identification Number of the Company is U31908UP2010PLC041528.

The Solar Inverter Market size was valued at USD 7.7 billion in 2022 and is expected to reach USD 17.9 billion by 2030, at a CAGR of 8.8% from 2022 to 2030. The Solar Inverter is an important device in the solar system, which converts the direct current flowing out of the solar panel into an alternating current. In addition to conversion, solar inverters track voltage, allow grid-tie communication, and shut down in emergency situations. Compared with off-grid inverters, grid-connected solar inverters generate pure sine wave AC power; therefore, increasing the use of grid-connected solar inverters can ensure the safety and efficiency of home appliances. Most commonly used in residential and utility applications, solar inverters are increasingly used in commercial and industrial projects around the world. Contrive Datum Insights has recently published the Solar Inverter Market to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static and dynamic aspects of the global Solar Inverter market. India Solar Power Industry Report 2023-2027 The India - solar power market size is estimated to grow at a CAGR of 34.24% between 2022 and 2027. The market size is forecast to increase by USD 273.82 billion. The report includes historic market data from 2017 to 2021. The market is witnessing a growing demand for increasing investments in renewable energy, favourable government regulations, and the increased adoption of microgrids.

Peer Comparison:

  • Sungarner Energies Ltd

GP Eco Solutions India Ltd IPO Key Points

Strengths

  • Experienced Promoter and management team with strong industry expertise and successful track record.
  • The Company has long term relationships with marquee brands supported by its committed strategy on engagement with customers.
  • Good track record for the last 3 years.
  • Distributorship of Sungrow, Saatvik, Longi in Northern India.

Risk

  • The Company has availed Bank Guarantees of Rs. 320.00 Lakh vide dated July 22, 2022 and Rs. 80.00 Lakh vide dated August 17, 2022 in favour of M/s Sungrow India Private Limited pertaining to facilities for the procurement and distribution of products obtained from M/S Sungrow India Private Limited. The company cannot assure that there will be no default done by the company in the future.
  • Its lenders have charged over the company fixed assets and book debts in respect of finance availed by it.
  • The company depends on third parties for the supply of its products and such third parties could fail to meet their obligations, which may have a material adverse effect on its business, results of operations and financial condition.

Strategy

  • Further explore initiatives to strengthen control over its supply chain.
  • Increase geographical presence.

GP Eco Solutions India Ltd IPO Key Points

  • Experienced Promoter and management team with strong industry expertise and successful track record.
  • The Company has long term relationships with marquee brands supported by its committed strategy on engagement with customers.
  • Good track record for the last 3 years.
  • Distributorship of Sungrow, Saatvik, Longi in Northern India.

How To Apply for GP Eco Solutions India Ltd Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

GP Eco Solutions India Ltd's IPO offers shares for up to ₹ 0 L It begins on Jun 14, 2024 and ends on Jun 19, 2024.

The price of GP Eco Solutions India Ltd IPO ranges between ₹90 to ₹94 per share.

The GP Eco Solutions India Ltd IPO opens on Jun 14, 2024 and closes on Jun 19, 2024.

The allotment for the GP Eco Solutions India Ltd IPO will be finalised on Jun 20, 2024. The shares will be listed on BSE and NSE on Jun 24, 2024.

The minimum lot size for GP Eco Solutions India Ltd IPO is 1200 shares, priced between ₹90 to ₹94 per share.

The GMP (Grey Market Premium) of GP Eco Solutions India Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of GP Eco Solutions India Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The GP Eco Solutions India Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jun 14, 2024, and closes on Jun 19, 2024. The allotment is finalised on Jun 20, 2024.

To apply for the GP Eco Solutions India Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.