GPES Solar - GP Eco Solutions India SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the GPES Solar - GP Eco Solutions IPO. Explore GPES Solar - GP Eco Solutions IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
GP Eco Solutions India Limited, also known as GPES SOLAR, is a prominent distributor of solar inverters and solar panels in North India. The company is an authorized distributor for Sungrow India Pvt Ltd, Saatvik Green Energy Private Limited, and LONGi Solar Technology Co. Ltd. Besides distribution, GPES SOLAR provides integrated solar energy solutions, including engineering, procurement, and construction (EPC) services for both commercial and residential clients. The company also markets products under its own brand "Invergy," which includes hybrid solar inverters and lithium ferro phosphate (LFP) batteries.
Key Points:
- Authorized Distribution:
- GPES SOLAR is an authorized distributor of Sungrow for solar inverters and Saatvik and LONGi for solar panels in North India.
- The company caters to regions including Jammu & Kashmir, Himachal Pradesh, Punjab, Uttarakhand, Haryana, Delhi, Rajasthan, and Uttar Pradesh.
- Product Range:
- Sungrow Solar Inverters:
- Residential Inverters: Ranging from 2kW to 20kW.
- Commercial and Industrial Inverters: Ranging from 20kW to 125kW.
- Utility-Scale Inverters: Ranging from 500kW to 6.8MW.
- Invergy Brand:
- Hybrid solar inverters and LFP batteries, produced through OEM manufacturing with stringent quality protocols.
- Sungrow Solar Inverters:
- Integrated Solar Solutions:
- GPES SOLAR provides comprehensive EPC services to ensure seamless project execution from design to commissioning.
- They also offer operation and maintenance services for solar plants.
Objects of the Issue
- To Meet Working Capital requirements of the Company “GP Eco Solutions”
- Investment in our 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
- General Corporate Expenses.
IPO Details
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| Fields | Details |
|---|---|
| IPO Dates | 14 Jun - 19 Jun 2024 |
| IPO Price Band | ₹ 90 - 94 per share |
| Fresh Issue | Upto 32,76,000 Shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 30.79 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 14 Jun 2024 |
| IPO Closing Date | 19 Jun 2024 |
| Basis Of Allotment | 20 Jun 2024 |
| Refunds | 20 Jun 2024 |
| Demat Transfer | 21 Jun 2024 |
| IPO Listing Date | 24 Jun 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| Total Income | 46.53 | 83.53 | 104.48 | 78.59 |
| Total Expenses | 45.18 | 79.78 | 99.42 | 72.20 |
| Net Profit/Loss | 0.97 | 2.77 | 3.70 | 4.73 |
| NPM (*) | 2.08 | 3.32 | 3.54 | 6.02 |
| Total Assets | 14.30 | 19.05 | 47.15 | 47.29 |
| Total Liabilities | 12.52 | 14.50 | 38.90 | 34.31 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| EPS | 1.35 | 3.85 | 5.14 | 6.57 |
| ROE (%) | 80.55 | 87.60 | 57.79 | 44.59 |
| ROCE (%) | 30.16 | 44.15 | 14.24 | 26.51 |
| D/E Ratio | 1.98 | 1.14 | 1.60 | 1.11 |
| Current Ratio | 0.64 | 1.21 | 1.11 | 1.31 |
| EBITDA MARGIN (%) | 3.75 | 5.46 | 3.38 | 10.0 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| GP Eco Solutions India Limited | 101.21 | 18.29 | 5.14 | 57.79 | 11.46 |
| Sungarner Energies Limited | 17.32 | 59.14 | 6.35 | 23.18 | 19.10 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 236.64 |
| Non-Institutional Investor (NII/HNI) | 1824.87 |
| Retail Individual Investor (RII) | 793.2 |
| Total | 856.21 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- MR. DEEPAK PANDEY
- MRS. ANJU PANDEY
- MR. ASTIK MANI TRIPATHI
Lead Managers
- CORPORATE CAPITALVENTURES PRIVATE LIMITED
Company Address
GP Eco Solutions India Private Limited
B-39, Sector-59, Gautam Buddha Nagar, Noida, Uttar Pradesh, India, 201301
Phone: +91 - 8960095217
Email:cs@gpecosolutions.com
Website: www.gpecosolutions.com
FAQs
- What is the issue size of the GPES Solar - GP Eco Solutions SME IPO?The GPES Solar - GP Eco Solutions SME IPO has an issue size of Approx ₹ 30.79 crore. This includes a fresh issue of Upto 32,76,000 Shares and an offer for sale (OFS) of NIL.
- What is the price band of the GPES Solar - GP Eco Solutions IPO?The price band for the GPES Solar - GP Eco Solutions IPO is ₹ 90 - 94 per share.
- What are the bidding dates for the GPES Solar - GP Eco Solutions IPO?The GPES Solar - GP Eco Solutions IPO will open for bidding on 14 Jun 2024 and close on 19 Jun 2024.
- What is the allotment date for the GPES Solar - GP Eco Solutions IPO?The allotment date for the GPES Solar - GP Eco Solutions IPO is 20 Jun 2024.
- What is the listing date for the GPES Solar - GP Eco Solutions IPO?The listing date for the GPES Solar - GP Eco Solutions IPO is 24 Jun 2024.
- What is the GPES Solar - GP Eco Solutions IPO grey market premium?The grey market premium (GMP) for the GPES Solar - GP Eco Solutions IPO is currently at ₹181, with an expected listing gain of approximately 192.55%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.