GP Eco Solutions share price makes a bumper debut; stock lists with 299% premium at ₹375 on NSE SME

  • GP Eco Solutions IPO listing was better than market expectations. GP Eco Solutions IPO GMP today, or grey market premium today, ahead of the listing was 181 per share, indicating a listing premium of 193%.

Ankit Gohel
Updated24 Jun 2024, 10:01 AM IST
GP Eco Solutions shares got listed at  <span class='webrupee'>₹</span>375 apiece on NSE SME, a premium of 299% to the issue price of  <span class='webrupee'>₹</span>94 per share.
GP Eco Solutions shares got listed at ₹375 apiece on NSE SME, a premium of 299% to the issue price of ₹94 per share.(Photo: Company Website)

GP Eco Solutions India IPO Listing: GP Eco Solutions share price made a stellar stock market debut on Monday as the stock was listed at a hefty premium. GP Eco Solutions shares got listed at 375 apiece on NSE SME, a premium of 281, or 299% to the issue price of 94 per share.

GP Eco Solutions IPO listing was better than market expectations. GP Eco Solutions IPO GMP today, or grey market premium today, ahead of the listing was 181 per share, indicating a listing premium of 193%.

GP Eco Solutions shares grew IPO investors’ money by more than four times upon listing.

Also Read: United Cotfab share price makes a lukewarm debut, stock opens with a mere 7% premium at 75 apiece on BSE SME

GP Eco Solutions IPO opened for subscription on June 14 and closed on June 19. The issue received strong response from investors across the board.

GP Eco Solutions IPO was subscribed by a total of 856.21 times. The public issue received 793.20 times subscription in the retail category, 236.64 times in the Qualified Institutional Buyers (QIB) category, and 1,824.87 times in the Non-Institutional Investors (NII) category.

Also Read: Dee Development Engineers IPO allotment date likely today. GMP, how to check allotment status online

The 30.79 crore worth GP Eco Solutions IPO price band was set at 90 to 94 per share, and the issue was entirely a fresh issue of 32.76 lakh equity shares.

GP Eco Solutions IPO allotment was finalized on June 20, and the GP Eco Solutions IPO listing date was today, June 24.

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. 

Also Read: Allied Blenders and Distillers IPO: From price band to GMP - here are 10 things to know before subscribing to the issue

GP Eco Solutions India offers solar energy solutions and deals in solar inverters and solar panels. Deepak Pandey, Anju Pandey, and Astik Mani Tripathi are the promoters of the company. 

The company intends to utilize the net issue proceeds to meet working capital requirements, investment in the subsidiary and general corporate expenses.

Read all IPO news updates here

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
First Published:24 Jun 2024, 10:01 AM IST
HomeMarketsIPOGP Eco Solutions share price makes a bumper debut; stock lists with 299% premium at ₹375 on NSE SME

Most Active Stocks

Tata Steel

166.80
03:59 PM | 15 JUL 2024
-1.9 (-1.13%)

NTPC

385.65
03:58 PM | 15 JUL 2024
8.4 (2.23%)

Bank Of Baroda

258.60
03:53 PM | 15 JUL 2024
7.85 (3.13%)

Bharat Electronics

331.25
03:55 PM | 15 JUL 2024
-2.05 (-0.62%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Indian Overseas Bank

68.33
03:41 PM | 15 JUL 2024
4.68 (7.35%)

M M T C

94.92
03:40 PM | 15 JUL 2024
6.31 (7.12%)

NLC India

297.75
03:57 PM | 15 JUL 2024
18.6 (6.66%)

IDBI Bank

91.54
03:58 PM | 15 JUL 2024
5.6 (6.52%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    74,771.00290.00
    Chennai
    73,827.00-145.00
    Delhi
    73,972.00-799.00
    Kolkata
    74,045.0073.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.75/L-0.01
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanMint Shorts