The IPO of GPES Solar is a book-built issue valued at ₹30.79 crores, consisting entirely of 32.76 lakh fresh shares. The subscription window for the GPES Solar IPO opens on June 14, 2024, and it will close on June 19, 2024. The allotment process is expected to be finalized on Thursday, June 20, 2024. The company plans to list its shares on the NSE SME, with a tentative listing date set for Monday, June 24, 2024.
The price band for the IPO of GPES Solar is ₹90 to ₹94 per share. Retail investors can apply for a minimum lot size of 1200 shares, requiring an investment of ₹112,800. High Net Worth Individuals (HNIs) can invest in a minimum of 2 lots (2,400 shares), totaling ₹225,600.
Notably, GPES Solar operates in the renewable energy sector, specializing in solar power solutions. The book running lead manager for this IPO is Corporate Capitalventures Pvt Ltd, while Bigshare Services Pvt Ltd serves as the registrar for the issue. The market maker for the GPES Solar IPO is Ss Corporate Securities.
Check the GMP of GPES Solar IPO below:
GPES Solar IPO Details:
| Company Name | GP Eco Solutions (GPES Solar) |
| Sector | Renewal Energy |
| IPO Type | SME |
| IPO Open date | 14th June 2024 |
| IPO Close date | 19th June 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
GPES Solar IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1200 | 1,12,800 |
| HNI (Min) | 2 | 2400 | 2,25,600 |
GPES Solar IPO Timeline:
| IPO Open Date | 14th June 2024 |
| IPO Close Date | 19th June 2024 |
| Basis of Allotment | 20th June 2024 |
| Refund Initiation Date | 21st June 2024 |
| Shares Credit to Demat | 21st June 2024 |
| Listing Date | 24th June 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
