GP Eco Solutions India Ltd

GP Eco Solutions India Ltd IPO

GP Eco Solutions India Ltd IPO Price Range is ₹90 - 94, with a minimum investment of ₹1,12,800 for 1200 shares.

₹1,12,800

/ 1200 shares

Minimum Investment

View GP Eco Solutions India Ltd IPO details including price range, minimum investment, lot size, financials, and IPO timeline. Get subscription updates, peer comparison, and key insights to help you make an informed decision.

IPO Status

Closed

Price Band

₹90 - 94

Open Date

2024-06-14

Close Date

2024-06-19

IPO Size

₹30.79 Cr

Lot Size

1200 shares

Min Investment

₹1,12,800

Listing Exchange

NSE

GP Eco Solutions India Ltd IPO Application Timeline

passed
Open Date14 Jun 2024
passed
Close Date19 Jun 2024
passed
Allotment Date20 Jun 2024
passed
Listing Date24 Jun 2024

Strengths and Risks

Strengths

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.


Risks

Risks

  • 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.

  • The company has not entered into any long-term agreements with its vendors and any shift in their decisions could adversely affect its business. Additionally, the company is dependent upon its vendors for fulfilment of needs of the company customers. Its inability to maintain relationships with the company vendors or deficiency in the goods provided by such vendors may adversely affect its business, results of operations, cashflow and profitability.

  • Its top ten clients contribute approximately 33.20%, 57.01%, and 51.76% of its revenues from operations for the year ended March 31, 2023, March 31, 2022 and March 31, 2021 respectively. Any loss of business from one or more of them may adversely affect its revenues and profitability.

  • A significant portion of its revenue is derived from Rajasthan, Haryana, Uttar Pradesh, and Delhi, and any adverse developments in these states could adversely affect its business.

  • Its results of operations and financial condition are subject to fluctuations in regional economic conditions due to the geographic concentration of our sales in the northern region of India.

  • Significant portion of its revenues is dependent upon sale of Solar Inverters. The loss of the company product or a decrease in the supply or volume of such product, will materially and adversely affect its revenues and profitability.

  • The company does not own the premises in which its registered office is located and the same is on lease arrangement. Any termination of such lease/license and/or non-renewal thereof and attachment by Property Owner could adversely affect its operations.

  • The company has experienced negative cash flows in the past. Any such negative cash flows in the future could adversely affect its business, results of operations and prospects.

How to Apply for GP Eco Solutions India Ltd IPO on INDmoney

1

Download the INDmoney app and complete your KYC to open an account.

2

Go to the INDstocks section and tap on IPO, or search for ‘IPO’.

3

Select GP Eco Solutions India Ltd IPO from the list of live IPOs.

4

View key details like price band, lot size, and dates, then tap ‘Apply Now’.

5

Choose the number of lots and place your order via UPI.

6

Your funds will be blocked until the share allotment is finalized.

About 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.

Frequently Asked Questions of GP Eco Solutions India Ltd IPO

What is the size of the GP Eco Solutions India Ltd IPO?

The size of the GP Eco Solutions India Ltd IPO is ₹30.79 Cr.

What is the allotment date of the GP Eco Solutions India Ltd IPO?

GP Eco Solutions India Ltd IPO allotment date is Jun 20, 2024 (tentative).

What are the open and close dates of the GP Eco Solutions India Ltd IPO?

The GP Eco Solutions India Ltd IPO will open on Jun 14, 2024 and close on Jun 19, 2024

What is the lot size of GP Eco Solutions India Ltd IPO?

The lot size for the GP Eco Solutions India Ltd IPO is 1200.

When will my GP Eco Solutions India Ltd IPO order be placed?

Your GP Eco Solutions India Ltd IPO order will be placed on Jun 14, 2024

Can we invest in GP Eco Solutions India Ltd IPO?

Yes, once GP Eco Solutions India Ltd IPO opens, you can invest in the shares of the company.

What would be the listing gains on the GP Eco Solutions India Ltd IPO?

The potential listing gains on the GP Eco Solutions India Ltd IPO will depend on various market factors and cannot be predicted with certainty.

What is 'pre-apply' for GP Eco Solutions India Ltd IPO?

'Pre-apply' for GP Eco Solutions India Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.