GP Eco Solutions India Ltd launches IPO with 32,76,000 shares worth INR 30.79 crores to fund working capital, invest in subsidiary, and cover general expenses.
Open Date : June 14, 2024 Close Date : June 19, 2024 Allotment Date: June 20, 2024 Listing Date: June 24, 2024
IPO Price: INR 90-94 per share Lot Size: 1200 Shares Total Issue Size: INR 30.79 crores
GP Eco Solutions India financial analysis shows mixed performance. 1. Revenue and equity grew. 2. Profitability & EPS have risen. 3. RoNW has decreased,Assets and liquidity strengthened. 4. Inventory turnover ratio suggests slower sales.
GP Eco Solutions India Ltd: Strong revenue growth,Improving liquidity,Lower RoNW. Sungarner Energies Ltd: Higher earnings per share,Higher RoNW,Strong profitability and efficiency.
GP Eco Solutions India Ltd main objective: 1. Meet working capital requirements. 2. Invest in subsidiary Invergy India for plant, machinery, and construction. 3. Cover general corporate expenses.
GP Eco Solutions India Ltd risks: 1. Reliance on bank guarantees & pledged assets. 2. No long-term vendor agreements & supply disruptions. 3. Impact on financial health & operational efficiency.