GP Eco Solutions India filed IPO papers recently. The company submitted its DRHP papers to SEBI under the SME IPO category. They will use the money raised for different purposes. There has been a curiosity among people to know more about GP Eco Solutions India’s IPO opening date, closing date, subscription, allotment, and more. The investors are most likely to invest more in this solar energy company. Let us have a look at the company’s profit and revenue as well before its IPO release.
GP Eco Solutions India files DRHP papers for an SME IPO. The company deals in solar energy solutions. As we all know, green and renewable energies are the future of the country. They deal in providing the best solar energy solutions. This IPO will help them fulfill their different needs. As per sources, the company will use around Rs. 12.45 Crore for the working capital requirements. While they will utilize around Rs. 7.6 crore for its subsidiary, Invergy India Private Limited (IIPL). GP Eco Solutions will raise a fresh share of 32.76 lakhs equity at a face value of Rs. 10 per share.
The company is also looking to invest some money in the machinery for Invergy India Private Limited’s expansion. Deepak Pandey is the founder of GP Eco Solutions. Apart from that GP Eco Solutions is also the distributor for Sungrow India Pvt. Ltd., Saatvik Green Energy Private Limited, and LONGi Solar Technology. You will get 32.76 Lakhs fresh equity shares at the face value of Rs. 10 per share. Thus, there will not be any offer-for-sale. Apart from the IPO details, many consider the company’s annual reports as a crucial part of investing.
GP Eco Solutions is a profit-making company with an increasing profit every year. Following are the details about GP Eco Solutions’ financials:
For the Current Fiscal year: From 1 April 2023 to 31 December 2023:
Revenue: Rs. 78.40 Crore
Net Profit: Rs. 4.73 Crore
For the Fiscal Year: 2022-23:
Revenue: Rs. 101.21 Crore
Net Profit: Rs. 3.70 Crore
GP Eco Solutions Limited was profitable for the previous year. Till now the company is in a better place than the previous year. Its profit percentage also increased a little. We will update you about the GP Eco Solutions IPO date shortly. The company is yet to announce its IPO opening date. Stay tuned for more information.