GP Eco Solutions IPO: Issue subscribed over 856 times; Check GMP, other key details of SME IPO

  • GP Eco Solutions IPO price band is set at 90 to 94 per share. At the upper-end of the price band, the company plans to raise 30.79 crore from the issue which is entirely a fresh issue of 32.76 lakh equity shares.

Ankit Gohel
Updated19 Jun 2024, 02:30 PM IST
GP Eco Solutions IPO will commence for subscription on Friday, June 14, and concluded on Wednesday, June 19.
GP Eco Solutions IPO will commence for subscription on Friday, June 14, and concluded on Wednesday, June 19.(Photo: Company Website)

GP Eco Solutions IPO: The initial public offering (IPO) of GP Eco Solutions India Ltd has been receiving strong demand from investors across the board as the issue has been heavily oversubscribed. GP Eco Solutions IPO is an SME IPO and the bidding for the issue began on June 14 and closed on June 19.

GP Eco Solutions India offers solar energy solutions and deals in solar inverters and solar panels.

Also Read: Sylvan Plyboard IPO price band set at 55 per share; issue to open on June 24

Let us check GP Eco Solutions IPO GMP, subscription status and other key details of the SME IPO.

GP Eco Solutions IPO Subscription Status

GP Eco Solutions India IPO has been subscribed by a whopping 856.21 times in total on June 19, the third and the last day of the bidding process. The public issue received bids for 176.82 crore equity shares as compared to 20.65 lakh shares on the offer.

The IPO has been subscribed 793.20 times in the retail category, 236.64 times in the Qualified Institutional Bidders (QIB) category and 1,824.87 times in the Non-Institutional Investors (NII) category.

Also Read: Petro Carbon and Chemicals IPO to open on June 25; price band fixed at 162-171 apiece

GP Eco Solutions IPO GMP Today

GP Eco Solutions IPO GMP today, or grey market premium today, is 168 per share, according to stock market observers. This indicates that the equity shares of GP Eco Solutions India are trading higher by 168 than their issue price, in the grey market. The latest GMP trend shows the GP Eco Solutions shares are trading at 262 apiece in the grey market, a hefty premium of 178.72% to the issue price of 94 per share. 

GP Eco Solutions IPO Details

GP Eco Solutions IPO opened for subscription on Friday, June 14 and closed on June 19. The IPO allotment is expected to be finalized on June 20 and the IPO listing date is June 24.

GP Eco Solutions India IPO is an SME IPO and the equity shares of the company will be listed on NSE SME.

Read here: GP Eco Solutions India IPO to open for subscription on June 14; price band set at 90-94 apiece

GP Eco Solutions IPO price band is set at 90 to 94 per share. At the upper-end of the price band, the company plans to raise 30.79 crore from the issue which is entirely a fresh issue of 32.76 lakh equity shares.

The IPO lot size is 1,200 shares and the minimum investment amount required by retail investors is 112,800.

Deepak Pandey, Anju Pandey, and Astik Mani Tripathi are the promoters of GP Eco Solutions India Ltd. The promoter shareholding in the company will come down to 86.4% after the IPO from 62.23% at present.

Corporate Capitalventures Pvt Ltd is the book running lead manager of the GP Eco Solutions IPO, while Bigshare Services Pvt Ltd is the IPO registrar.

Read all IPO news here

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First Published:19 Jun 2024, 02:30 PM IST
HomeMarketsIPOGP Eco Solutions IPO: Issue subscribed over 856 times; Check GMP, other key details of SME IPO

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