GP Eco Solutions India Limited-SME | Globe Capital Market LTD.
GP Eco Solutions India Limited-SME
Closed
Price Band
₹90 to ₹94 per share
IPO Issue Period
June 14, 2024 to June 19, 2024
Issue Size
₹30.79 Cr
Face value
₹10 per share
Fresh issue
₹30.79 Cr
Minimum Shares for Retail
1200 Shares
Listing on
NSE SME
Issue Type
Book Built Issue IPO
Registrar to the Issue
Bigshare Services Pvt Ltd
Tentative Listing Date
Monday, June 24, 2024
QIB
50%
NII
15%
Retail
35%

GP Eco Solutions India Limited was founded in 2010 and offers solar inverters and solar panels. The company offers solar energy solutions by providing comprehensive engineering, procurement, and construction (“EPC”) services to commercial and residential customers. The company also distributes hybrid solar inverters and lithium ferro-phosphate (LFP) batteries through its own “Invergy” brand. Invergy is active in the OEM manufacturing of hybrid and LFP products.

The company is an authorized dealer of Sungrow India Pvt Ltd or “Sungrow” for Solar Inverters in North India, as well as for Saatvik Green Energy Private Limited or “Saatvik” and LONGi Solar Technology Co Ltd or “LONGi” for solar panels in North India.

For year/ period ended ( in Lakhs.)

H1FY23 FY22 FY21
Total Revenue 10,447.63 8,352.99 4,652.91
Profit After Tax 369.82 277.17 96.94
EPS 5.14 3.85 1.35
OPM (%) 3.01% 5.15% 3.43%
PATM (%) 3.54% 3.32% 2.08%

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY23
Net Profits(Cr.)
FY23

 

 

  • It has experienced Promoter and management team with strong industry expertise and successful track record;
  • The Company has long term relationships with marquee brands supported by our committed strategy on engagement with customers;
  • Good track record for the last 3 years; and

Distributorship of Sungrow, Saatvik, Longi in Northern India

  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

General Corporate Expenses.

The company is in distribution of solar inverters and panels which is a highly competitive and fragmented segment. Well informed investors may park moderate funds for long term rewards.

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