1) About GPES Solar
The company is involved in the distribution of a wide range of solar inverters and solar panels. It is an authorized distributor of Sungrow India for solar inverters in North India, and also authorized distributors for Saatvik Green Energy Private and LONGi Solar Technology for solar panels in the northern region.
2) Industry overview
The solar inverter market size was valued at $7.7 billion in 2022 and is expected to reach $17.9 billion by 2030, at a CAGR of 8.8% from 2022 to 2030.
3) GPES Solar IPO size
The IPO is entirely a fresh equity issue of 32.76 lakh shares and through the issue, the company aims to raise nearly Rs 31 crore.
4) GPES Solar IPO price band
The company is offering its shares at Rs 90-94 apiece, and investors can bid for 1200 shares in 1 lot.5) GPES Solar IPO financial performance
For the period ended December 2023, the company clocked revenues of Rs 78.58 crore and net profit of Rs 4.73 crore.
6) Objects of the offer
The net proceeds from the public offer will be used to meet working capital requirements, investment in subsidiaries, and other general corporate purposes.
7) Lead managers and Registrar
Corporate Capital Ventures is acting as the lead manager to the issue and Bigshare Services is the registrar.
8) Issue structure
About 50% of the offer is reserved for QIB investors, 35% for retail investors and the rest 15% for non-institutional investors.
9) Important dates
The IPO opened on June 14 and will close on June 19. The final allotment will likely be made on June 20. The company’s shares will likely get listed on June 24.
10) GPES Solar GMP
Ahead of the issue opening, the company’s shares were trading with a GMP of Rs 120 in the unlisted market.
https://img.etimg.com/thumb/msid-110986496,width-1200,height-630,imgsize-43886,overlay-etmarkets/photo.jpg
Source link
