1) About GPES Photo voltaic
The corporate is concerned within the distribution of a variety of photo voltaic inverters and photo voltaic panels. It’s a licensed distributor of Sungrow India for photo voltaic inverters in North India, and likewise licensed distributors for Saatvik Inexperienced Vitality Personal and LONGi Photo voltaic Expertise for photo voltaic panels within the northern area.
2) Business overview
The photo voltaic inverter market dimension was valued at $7.7 billion in 2022 and is predicted to succeed in $17.9 billion by 2030, at a CAGR of 8.8% from 2022 to 2030.
3) GPES Photo voltaic IPO dimension
The IPO is fully a contemporary fairness situation of 32.76 lakh shares and thru the difficulty, the corporate goals to lift practically Rs 31 crore.
4) GPES Photo voltaic IPO worth band
The corporate is providing its shares at Rs 90-94 apiece, and buyers can bid for 1200 shares in 1 lot.5) GPES Photo voltaic IPO monetary efficiency
For the interval ended December 2023, the corporate clocked revenues of Rs 78.58 crore and internet revenue of Rs 4.73 crore.
6) Objects of the provide
The web proceeds from the general public provide will likely be used to fulfill working capital necessities, funding in subsidiaries, and different normal company functions.
7) Lead managers and Registrar
Company Capital Ventures is performing because the lead supervisor to the difficulty and Bigshare Companies is the registrar.
8) Difficulty construction
About 50% of the provide is reserved for QIB buyers, 35% for retail buyers and the remaining 15% for non-institutional buyers.
9) Essential dates
The IPO opened on June 14 and can shut on June 19. The ultimate allotment will possible be made on June 20. The corporate’s shares will possible get listed on June 24.
10) GPES Photo voltaic GMP
Forward of the difficulty opening, the corporate’s shares had been buying and selling with a GMP of Rs 120 within the unlisted market.
