GP Eco Solutions India IPO, GPES Solar IPO Allotment Today: The share allotment of the initial public offering of GP Eco Solutions India Ltd is going to be finalised today, June 20. Investors will start receiving bank debit messages once they are allotted shares. The IPO allotment status can be checked Bigshare Services’ portal.
The GP Eco Solutions India IPO was open for public subscription between June 14 and June 19. The Rs 30.79-crore SME IPO received a blockbuster response from investors, receiving a whopping 856 times subscription, garnering bids for 1,76,82,48,000 shares as against 20,65,200 shares on offer.
The retail category received a 793 times subscription, while the non-institutional investor (NII) category got an 1,824 times subscription. The QIB category received a 236.64 times subscription.
As the GP Eco Solutions India IPO allotment is going to be finalised today, the listing will take place on June 24 on the NSE SME.
GP Eco Solutions India IPO: How To Check Allotment Status
Step 1: Visit Bigshare Services Pvt Ltd’s portal
Step 2: Select IPO Name ‘GP Eco Solutions India Limited’ from the drop-down menu
Step 3: In the ‘Selection Type’ drop-down, choose any one among — ‘application number/ CAF number’, ‘beneficiary id’ or ‘PAN number’.
Step 4: Enter PAN number, application number or beneficiary id
Step 5: Enter Captcha
Step 6: Click on ‘Search’ Button
Now, your GP Eco Solutions India IPO allotment status will be displayed on the screen.
GP Eco Solutions India IPO GMP Today
According to market observers, unlisted shares of GP Eco Solutions India Limited are trading Rs 180 higher in the grey market as compared with its issue price. The Rs 180 grey market premium or GMP means the grey market is expecting a strong 191.49 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
The price band of the GP Eco Solutions India IPO was fixed at Rs 90-Rs 94 per share.
GP Eco Solutions India IPO Details
The GPES Solar IPO was entirely a fresh issue of 32.76 lakh shares.
The price band of the GPES Solar IPO was fixed at Rs 90 to Rs 94 per share. The minimum lot size for an application was 1,200 shares. The minimum amount of investment required by retail investors was Rs 1,12,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to Rs 2,25,600.
Corporate Capitalventures Pvt Ltd is the book running lead manager of the GPES Solar IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for GPES Solar IPO is Ss Corporate Securities.
GP Eco Solutions India Limited’s revenue rose 25.08 per cent and its profit after tax (PAT) increased 33.43 per cent in the financial year 2022-23.
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.
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