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GP Eco Solutions IPO
GP Eco Solutions India Ltd
₹1,08,000 /1200 sharesMinimum Investment
GP Eco Solutions IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 14 Jun ‘24 - 19 Jun ‘24 | ₹1,08,000 | 1,200 | ₹90 - ₹94 |
| Issue Size | IPO Doc |
|---|---|
| 30.79Cr | RHP PDF |
About GP Eco Solutions
Founded in
2010
Managing director
Mr. Deepak Pandey
Parent organisation
GP Eco Solutions India Ltd
Strengths & Financials of GP Eco Solutions
Strengths
Risks
For financial years ending March 31, 2021, 2022, and 2023, the company’s total revenues have risen consistently from Rs 46.47 crore to Rs. 83.45 crore and Rs 101.21 crore, while the profit after tax (PAT) moved up from Rs 0.97 crore to Rs 2.77 crore to Rs 3.70 crore, respectively.
The company has been in existence since 2010. This makes it possible for investors to study the past performance of the company and make estimations for its future.
The company holds ISO 9001:2015 certification in Quality Management Systems.
GPES Solar has implemented a dual-source energy system at its facility, combining solar energy with its traditional grid connection. This has reduced its reliance on traditional electricity.
The company has working agreements with Safexpress, Blue Dart, and DTDC for logistics services to transport the solar products.
The company’s top 10 clients accounted for about 33.20%, 57.01%, and 51.76% of its revenues for the years ending March 31, 2023, 2022, and 2021, respectively. Any disruption in business from them could be detrimental to the company.
For the nine months ended December 2023 and for the years ended March 31, 2023, March 31, 2022, and March 31, 2021, the company’s top 10 suppliers accounted for about 89.94%, 67.35%, 76.76%, and 92.96% of its purchase of raw materials. Any disruption in supply of these raw materials could hurt the company’s business prospects.
The company is entering into a new line of business involving assembly of solar hybrid inverters through its subsidiary, Invergy India Private Limited. Since the company has no prior experience in this field, any adverse developments could negatively impact its business.
About 50% of the company’s revenue comes from sale of just one product – solar inverters. Any disruption to the sale of solar inverters could negatively impact the company’s business.
The company had total indebtedness of Rs 12.45 crore as of April 30, 2024. Any inability to service this debt could hurt the company’s operations.
GP Eco Solutions Financials
*All values are in Rs. Cr
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Application Details of GP Eco Solutions IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹90 - 94 | ₹2 - 5 Lakh |
| High Networth Individual | ₹90 - 94 | ₹2 - 5 Lakh |
For GP Eco Solutions IPO, eligible investors can apply as Regular.