GP Eco Solutions India Limited IPO GMP Today, Price Range and Company Details

GP Eco Solutions Limited IPO offers shares at ₹90 to ₹94, with a ₹125 Grey Market Premium. Available in 1200 share lots, the subscription runs from June 14 to June 19, 2024.
GP Eco Solutions India Limited IPO GMP Today, Price Range and Company Details

As of June 13, 2024, GP Eco Solutions has ₹125 as Grey Market Premium, with a price range of ₹90 to ₹94 per share. Offering lots of 1200 shares, the subscription window is open from June 14 to June 19, 2024.

GP Eco Solutions Limited IPO GMP Today

The Grey Market Premium (GMP) for GP Eco Solutions Limited is ₹125 as of June 13, 2024. This assessment coincides with a price of ₹90 to ₹94 per share for the IPO.

GP Eco Solutions Limited IPO Review

GP Eco Solutions India Limited’s financial overview shows rising revenue, from ₹8,344.76 lakhs in March 2022 to ₹10,121.24 lakhs by March 2023, and continued into December 2023. Increased equity and profitability, alongside a decreased debt-equity ratio, suggest robust expansion and lesser debt reliance.

While the company’s profit after tax and EPS have improved, demonstrating stronger profitability and investor earnings, a decline in RoNW from 87.60% to 42.70% raises concerns about its return efficiency. Additionally, growing assets and liquidity hint at potential growth, though a falling inventory turnover ratio may indicate slower sales or stock management issues.

To Get a Full IPO Review, click here GP Eco Solutions IPO

GP Eco Solutions Limited IPO Date

GP Eco Solutions Limited will start accepting subscriptions from June 14, 2024, to June 19, 2024

GP Eco Solutions Limited IPO Price

GP Eco Solutions Limited’s price range is ₹90 to ₹94 per share with a face value of ₹10 each.

GP Eco Solutions Limited

GP Eco Solutions India Limited, based in North India, focuses on distributing solar inverters and panels from brands like Sungrow, Saatvik, and LONGi. Their Invergy brand offers hybrid solar inverters and LFP batteries, specialising in OEM manufacturing with rigorous quality controls. Invergy ensures efficient logistics and maintains a robust supply chain for reliable delivery of its products.

How To Apply For GP Eco Solutions Ltd IPO?

To apply for the GP Eco Solutions through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for GP Eco Solutions on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the GP Eco Solutions IPO at Alice Blue in just a few clicks!

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