GP ECO SOLUTIONS INDIA LIMITED specializes in delivering "Cutting-edge, High-Quality Solar Energy Products” directly to consumers via a network of Solar System Integrators, Channel Partners, and Installers.

GPES Solar IPO, a Book Built issue amounting to  ₹ 30.79 crores, consisting entirely of a fresh issue of 32.76 lakh shares. The subscription period for the GPES Solar IPO opens on June 14, 2024, and closes on June 19, 2024. The allotment is expected to be finalized on or about Thursday 20th June, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Monday, 24 th June, 2024.

The price band of GPES Solar IPO is set at ₹90 to ₹94 per share, with a minimum lot size of 1200 shares. Retail investors are required to invest a minimum of ₹112,800, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2400 shares), amounting to ₹225,600.

CORPORATE CAPITALVENTURES PRIVATE LIMITED is the book-running lead manager, BIGSHARE SERVICES PRIVATE LIMITED is the registrar. S S Corporate Securities Limited is also the market maker for the GP Eco Solutions IPO.

Grey Market Premium (GMP) of GP Eco Solutions India Limited

The Grey Market Premium of GP Eco Solution IPO is expected in the range of Rs 140 - Rs. 150 based on the financial performance and subscription status of the company. As of 05:50 PM on 18 June 2024, the GP Eco Solution IPO subscription status shows that the IPO oversubcribed 228 times on NSE. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Objectives of GP Eco Solutions India Limited

GPES intends to utilize the Net Fresh Issue Proceeds for the following Objects:
1) To Meet Working Capital requirements of the Company “GP Eco Solutions”
2) 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
3) General Corporate Expenses. 

Refer to GP Eco Solutions India Limited RHP for more details about the Company.

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About GP ECO SOLUTIONS INDIA Limited

GP ECO SOLUTIONS INDIA LIMITED (GPES Solar) 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 they are 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, they serve as an integrated solar energy solutions provider, delivering comprehensive engineering, procurement, and construction ("EPC") services to their commercial and residential customer. 

GPES Solar also has its own brand called "Invergy". Under the Invergy brand, they sell hybrid solar inverters and lithium ferro phosphate (LFP) batteries. Invergy deals in OEM manufacturing for hybrid and LFP products.

The Company have happily served their 750+ Mega Watts supply to more than 2000 of their clients and with this they aim to develop an eco-friendly and sustainable work culture in industries and commercial projects to make the world cleaner and greener. 

The Products sold by the company GPES Solar are as follows : 
i. Solar Panels
ii. Solar Inverters
iii. Storage Solution

GPES Solar have thir expertise in :
▪ Rooftop On-Grid Solar Power Plants - They can experience the epitome of solar technology with On-Grid Solar Roof System, widely acclaimed in the market. This Solar-Powered Generation System (SPGS) seamlessly integrates solar photovoltaic prowess with the grid. 
▪ Rooftop Hybrid Solar Power Plants - A hybrid solar system seamlessly blends the strengths of both grid-tied and off-grid systems. This dynamic solution not only connects with the utility grid but also harnesses the ability to store energy in a dedicated battery bank.
▪ Sustainability Commitment - They embrace a sustainability-driven ethos, shaping not just how they work but ensuring their enduring success as a premier global force in integrated energy and chemicals.

INDIA SOLAR POWER INDUSTRY

The Solar Inverter Market size was valued at USD 7.7 billion in 2022 and is expected to reach USD 17.9 billion by 2030, at a CAGR of 8.8% from 2022 to 2030.

The Solar Inverter is an important device in the solar system, which converts the direct current flowing out of the solar panel into an alternating current. In addition to conversion, solar inverters track voltage, allow grid-tie communication, and shut down in emergency situations. Compared with off-grid inverters, grid-connected solar inverters generate pure sine wave AC power; therefore, increasing the use of grid-connected solar inverters can ensure the safety and efficiency of home appliances. Most commonly used in residential and utility applications, solar inverters are increasingly used in commercial and industrial projects around the world. Key Company of the solar inverter market in India is Hitachi Hi-Rel Power Electronics Pvt. Ltd.

The India - solar power market size is estimated to grow at a CAGR of 34.24% between 2022 and 2027. The market size is forecast to increase by USD 273.82 billion. The report includes historic market data from 2017 to 2021. The market is witnessing a growing demand for increasing investments in renewable energy, favourable government regulations, and the increased adoption of microgrids.

Solar Power Market in India Overview:
• The market segmentation by Application is categorized as (grid-connected and off-grid)
• The market segmentation by End-user categorized as (utility and rooftop)
• Grid-connected segment is fastest-growing segment during the forecast year
• The grid-connected segment was the largest segment and valued at USD 22.98 billion in 2017
• APAC is most dominating region during the forecast period
• It also includes an in-depth analysis of drivers (factors influencing market growth), trends (emerging patterns or shifts in consumer behavior), and challenges (barriers or obstacles faced by the industry)

GP ECO SOLUTIONS INDIA LIMITED STRENGTHS & STRATEGIES

1. Experienced Promoter and management team with strong industry expertise and successful track record
2. Quality Assurance and Standards
3. Strong and long-standing customer relationships
4. Further explore initiatives to strengthen control over our supply chain
5. Increase geographical presence

GP ECO SOLUTIONS INDIA LIMITED RISK FACTORS & CONCERNS

1. Company's top ten clients contribute approximately 33.20%, 57.01%, and 51.76% of their revenues from operations for the year ended March 31, 2023, March 31, 2022 and March 31, 2021 respectively.
2. A significant portion of their revenue is derived from Rajasthan, Haryana, Uttar Pradesh, and Delhi.
3. They are entering into a new line of business involving assembly of Solar Hybrid Inverters through their Subsidiary, Invergy India Private Limited (“IIPL”), but the company has no prior experience in this field.
4. Their subsidiary company “IIPL” has limited Source of origin of goods for procurement of hybrid solar inverters and lithium ferro phosphate batteries.
5. GPES' success depends on stable and reliable logistics and transportation.