If you’re considering investing in an IPO, here’s important news for you. This week, GP Eco Solutions India, a solar company based in Noida, is set to open its IPO for investment.
IPO Details
Investors can participate in this IPO from June 14 to June 19, with the opening for anchor investors scheduled on June 13. The price band for the IPO is fixed at Rs 90 to Rs 94 per share.
The company aims to raise Rs 30.79 crore through this IPO, offering a fresh issue of 32,76,000 equity shares with a face value of Rs 10 per share.
Company Overview and Management
GP Eco Solutions India, headquartered in Noida, is focused on solar solutions. The company is led by Deepak Pandey, who serves as both the promoter and managing director.
Deepak is also the founder of Invergy India Private Limited, a subsidiary of GP Eco, engaged in hybrid solar inverter distribution.
Allocation of Shares
Market Makers: 3.27 lakh equity shares reserved
Anchor Investors: 8.83 lakh equity shares reserved
Non-Institutional Investors (NII): 4.44 lakh equity shares reserved
Qualified Institutional Buyers (QIB): 5.89 lakh equity shares reserved
Retail Investors (RII): 10.32 lakh equity shares reserved
IPO Management
Corporate Capital Ventures is the book running lead manager for the IPO, while Bigshare Services Private Limited is appointed as the registrar to the offer.
Corporate Capital Ventures Private Limited has a track record of successfully managing SME IPOs, including companies like Creative Graphics, Trust Fintech, Alpex Solar, and others.
Promoter Information
Deepak Pandey is the promoter and managing director of GP Eco Solutions India. He also serves as the founder of Invergy India Private Limited, a subsidiary of GP Eco, engaged in the distribution business of hybrid solar inverters.
This encapsulates the key details surrounding the GP Eco Solutions India IPO, providing insight into its offering and allocation of shares.
