GP Eco Solutions India IPO allotment to be finalised on June 20: Here’s how to check status on NSE, Bigshare Services

GP Eco Solutions India IPO allotment status is expected to be finalised on Thursday, June 20, following its bumper subscription. The initial public offering (IPO) closed for subscription on Wednesday.

Investors are keenly waiting for the finalisation of the GP Eco Solutions India IPO share allotment. They can easily check the share allotment status on the websites of the IPO registrar Bigshare Services Pvt Ltd and the NSE.

Follow these easy steps to check GP Eco Solutions India IPO share allotment status.

GP Eco Solutions India IPO share allotment status on registrar website:

• Visit Bigshare Services Pvt Ltd website (https://www.bigshareonline.com)
• Select any server
• Click on IPO allotment status (www.bigshareonline.com/ipo_Allotment.html)
• Click on GP Eco Solutions India from the list
• Fill Application number or PAN
• Complete the 'captcha' to verify
• Click the "Search" button to check your allotment status

Steps to check GP Eco Solutions India share allotment on the NSE website

• Go to the NSE IPO allotment status page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password (Investors need to create Login & Password)
• Select GP Eco Solutions India
• Verify PAN
• Enter IPO application No
• Click on Submit

GP Eco Solutions India Ltd IPO details

The public offer of GP Eco Solutions India Ltd (GPES Solar) was open for subscription from June 14 to 19. The ₹30.79-crore NSE SME public offer comprised a fresh issue of 32.76 lakh shares. The IPO was priced at ₹90-94 per share. The minimum lot size was 1200 shares. The minimum investment was ₹1,12,800 for retail investors.

Corporate Capitalventures Pvt Ltd is the book running lead manager and Bigshare Services is the IPO registrar.

GP Eco Solutions India Ltd IPO subscription

GP Eco Solutions India Ltd IPO was booked more than 856 times at the close on Wednesday.

According to exchange data, the IPO received bids for 176.85 crore equity shares against 20.65 lakh shares on offer.

Retail investors’ portion was booked over 793 times as bids for 38.77 crore equity shares were received against 10.32 lakh shares on offer for them.

The Non-institutional investors’ quota was booked more than 1,825 times. Applications for 81.05 crore shares were received against 4.44 lakh shares on offer.

The qualified institutional investor quota was booked 237 times. Bids for 13.95 crore shares were received against 5,89,200 shares on offer.

The company had allotted 8,83,200 shares to anchor investors to raise ₹8.30 crore.

The company is expected to list shares on the NSE SME platform on June 24.

GP Eco Solutions India Ltd IPO objective

GP Eco Solutions India (GPES Solar) has proposed to utilise ₹7.60 crore of IPO proceeds for finance capital expenditure at its subsidiary, Invergy India Private Limited. It has proposed to buy plant and machinery and other assets and also fund civil works for its facility.

The company has also proposed to use ₹12.45 crore of IPO money to meet working capital requirement.

GPES Solar is a distributor of solar inverters and solar panels. It is an authorised distributor of Sungrow India in North India. The company also distributes solar panels of Saatvik Green Energy and LONGi Solar Technology in North India.

To know more about IPOs listing, schedule and upcoming IPOs, click here