GP Eco Solutions Makes A Stellar Market Debut With 299% Premium, Shares Open at ₹375!

GP Eco Solutions debuted on the NSE SME at ₹375, marking a 299% premium over the issue price of ₹94, showcasing robust market reception and high investor confidence.
GP Eco Solutions Makes A Stellar Market Debut With 299% Premium, Shares Open at ₹375!

GP Eco Solutions made an impressive entrance into the stock market, debuting on the NSE SME at ₹375 per share, a 299% premium over the issue price of ₹94. This significant premium reflects a strong market reception and investor confidence.

The GP Eco Solutions IPO, open from June 14 to June 19, saw robust investor interest, being subscribed 856.21 times overall. Retail investors led 793.20 times, followed by NIIs at 1,824.87 times, and QIBs at 236.64 times.

GP Eco Solutions India Limited specializes in distributing solar inverters and panels from leading brands like Sungrow, Saatvik, and LONGi across North India. Under its brand Invergy, the company offers hybrid solar inverters and LFP batteries, focusing on OEM manufacturing while upholding strict quality and reliability standards for its products and ensuring efficient logistics and inventory management.

GP Eco Solutions India Limited aims to fund working capital, invest INR 7.6 crores in its subsidiary Invergy India for manufacturing, and allocate resources to general corporate purposes.

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