Business Standard

GP Eco Solutions India Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

30.79 cr

Price Range (₹)

94

Lot Size

1200

Min Investment (₹)

1,12,800.00

Listing Exchange

NSE - SME

Open Date

14-Jun-2024

Close Date

19-Jun-2024

Listing Date

24-Jun-2024

GP Eco Solutions India Ltd News

    The Shares of GP Eco Solutions India Ltd have now been listed.

    GP Eco Solutions India Ltd IPO Details

    Public issue of 32,76,000 equity shares of face value of Rs. 10 each (Equity Shares) of GP Eco Solutions India Limited (the Company or the Issuer) for cash at a price of Rs. 94 per equity (the Issue Price) aggregating to Rs. 30.79 crores (The Issue) comprising of a fresh issue of 32,76,000 equity shares aggregating to Rs. 30.79 crores (the Fresh Issue) of which 3,27,600 equity shares aggregating to Rs. 3.08 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 29,48,400 equity shares aggregating to Rs. 27.71 crores (the Net Issue). The issue and the net issue will constitute 27.97% and 25.18% respectively of the post issue paid up equity share capital of the company.

    Objective of issue

    To meet working capital requirements of the company GP Eco Solutions. Investment in its subsidiary invergy india pvt ltd (IIPL) in relation to purchase of plant and machinery and other misc asset and also towards construction civil works for its facility. General corporate expenses.

    GP Eco Solutions India Ltd Contact Details

    GP Eco Solutions India Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@gpecosolutions.com

    Website - www.gpecosolutions.com