GP Eco Solutions (GPECO) India Limited, or GPES, specializes in solar energy solutions.
Established: 2010
Headquartered in Noida, Uttar Pradesh,
Nature of Business Exporter, Distributor / Channel Partner
IPO date: June 14th–19th, 2024
Listing date: June 24, 2024
Type: SME
Business Profile: GP Eco Solutions (GPECO) India Limited
The company provides a variety of goods and services, such as solar panels, solar inverters, and full engineering, procurement, and construction (EPC) services for businesses and homeowners.
Under the trademark “Invergy,” the firm is well-known for its lithium ferrophosphate (LFP) batteries and hybrid solar inverters.
In North India, GPES is also a licensed distributor for LONGi Solar Technology, Saatvik Green Energy, and Sungrow India.
IPO - GP Eco Solutions (GPECO) India Limited
To obtain money for its initial public offering (IPO) and to invest in its subsidiary, Invergy India Private Limited, GPES recently submitted its Draft Red Herring Prospectus (DRHP) with NSE Emerge.
The pricing range for the GPES Solar IPO is ₹90 to ₹94 per share. An application needs to have a minimum lot size of 1200 shares. Retail investors are needed to invest a minimum of ₹112,800. For HNI, a minimum investment of two lots (2,400 shares) of ₹225,600 is required.
With the money generated from the IPO, the company intends to build a new Noida plant to construct solar inverters. Commercial manufacturing of the devices is anticipated to begin in the third quarter of FY 2024–2025.
Financials - GP Eco Solutions (GPECO) India Limited
In terms of finances, GPES has expanded significantly. The firm declared a profit after tax of INR 4.73 crore and sales of INR 104.48 crore for the fiscal year that concluded on March 31, 2023.
With a face value of INR 10, 32.76 lakh equity shares would be issued as part of the IPO, to raise about INR 30.79 crore.
Financial Snapshot
Financial Year Ended | March 2021 | March 2022 | March 2023 | December 2023 |
Total Assets | 142.98 | 190.48 | 471.51 | 472.87 |
Revenue | 465.29 | 835.29 | 1,044.76 | 785.88 |
Profit After Tax | 9.69 | 27.71 | 36.98 | 47.32 |
EPS | 1.35 | 3.85 | 5.14 | 6.57 |
*All figures except EPS are in ₹ Crores
Management: GP Eco Solutions (GPECO) India Limited
The company’s core team comprises management experts and engineers from various fields, ensuring a strong foundation for its operations and growth.
Mr. Deepak Pandey, Mrs. Anju Pandey, and Mr. Astik Mani Tripathi are the promoters of the company.
GPES also engages in the operations and maintenance (O&M) of solar plants, further expanding its service offerings in the renewable energy sector.
Know more about the company – https://www.gpecosolutions.com/
Apply for IPO – https://zerodha.com/ipo/380910/gp-eco-solutions-india
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