31 Mar 2021
Assets14.30
Total Income46.53
Profit After Tax0.97
NET Worth1.78
Reserves and Surplus1.58
Total Borrowing3.51
At a glance
Updated 2026-08-24The shares listed at ₹375.00, a 298.94% move from the issue price. GPES Solar is a SME IPO with an issue size of ₹30.79 crore, proposed for listing on NSE SME. The offer opens on 14th Jun 2024 and closes on 19th Jun 2024. The issue structure includes a fresh issue of ₹27.71 crore. The current listing schedule points to 24th Jun 2024.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹30.79 Cr
Fresh issue₹27.71 Cr
Face value₹10
Price band₹90.00–₹94.00
Allotment20th Jun 2024
Listing24th Jun 2024
Listing performance
Full performance ↗Issue price₹94.00
Listing price₹375.00
Current price—
Listing gain298.94%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹181.00
GMP / upper price192.55%
Est. listing₹275.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens14th Jun 2024
Closes19th Jun 2024
Allotment20th Jun 2024
Refund21st Jun 2024
Demat21st Jun 2024
Listing24th Jun 2024
Subscription demand
Full bidding ↗Total856.21×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1200 | ₹112,800 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| To Meet Working Capital requirements of our Company “GP Eco Solutions” | ₹12.45 Cr |
| 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 | ₹7.60 Cr |
| General Corporate Expenses | ₹7.06 Cr |
Financials
Full financials ↗31 Mar 2022
Assets19.05
Total Income83.53
Profit After Tax2.77
NET Worth4.55
Reserves and Surplus4.35
Total Borrowing5.18
31 Mar 2023
Assets47.15
Total Income104.48
Profit After Tax3.70
NET Worth8.25
Reserves and Surplus8.05
Total Borrowing13.17
31 Dec 2023
Assets47.29
Total Income78.59
Profit After Tax4.73
NET Worth12.98
Reserves and Surplus5.78
Total Borrowing15.45
Trend chart₹ crore
KPIs
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 44.59% |
| ROCE | 26.51% |
| Debt / Equity | 1.11% |
| RoNW | 42.70% |
| PAT Margin | 8.15% |
| Price to Book Value | 5.21 |
Valuation & shareholding
Pre-IPO EPS4.38
Post-IPO EPS5.39
Pre-IPO P/E21.44
Post-IPO P/E17.44
Promoter holding pre86.4%
Promoter holding post62.23%
Market cap₹110.08 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manager Fees | ₹0.30 Cr |
| Selling and Distribution expense | ₹1.39 Cr |
| Underwriting Commission | ₹1.54 Cr |
| Advertising and marketing expenses | ₹0.15 Cr |
| Fees payable to Registrar to the Issue | ₹0.04 Cr |
| Brokerage and selling commission payable to SCSBs, Registered Brokers, RTAs and CDPs, as applicable | ₹0.01 Cr |
| Processing fees to the SCSBs and to the Sponsor Banks for ASBA Forms procured by Registered Brokers, RTAs or CDPs | ₹0.01 Cr |
| Printing and distribution of issue stationery | ₹0.02 Cr |
| Listing fees | ₹0.01 Cr |
| NSE Processing fee | ₹0.00 Cr |
| Book Building software fees | ₹0.04 Cr |
| Other regulatory expenses | ₹0.15 Cr |
| Fees payable to legal counsel | ₹0.01 Cr |
| Miscellaneous | ₹0.03 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Corporate Capital Ventures Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.