New Delhi: GPES Solar IPO is proving to be quite popular. And now, bidders have their eyes set on GPES Solar IPO GMP. Notably, GPES Solar IPO subscription reached 321 times of the total IPO size of Rs 31 crore at 14:00 pm on Wednesday, June 19, 2024. The three day stake sale process concludes on Wednesday. GPES Solar IPO retail portion was oversubscribed 596 times, while, Qualified Institutional Buyers’ (QIBs) quota was oversubscribed 52 times and Non-Institutional Investors’ (NIIs) quota 910 times.
GPES Solar IPO GMP today
According to Investor Gain, GPES Solar IPO GMP today is Rs 168. Considering the upper price band of Rs 94 and GMP of Rs 168, the GPES Solar shares may have listing gains of around 178 per cent on the bourses. However, there is nothing official about this as it is in the grey market.
GPES Solar IPO Allotment Date
The expected GPES Solar IPO allotment date is Thursday, June 20, 2024.
GPES Solar IPO Listing Date
GPES Solar shares issued in the public offer are expected to list on Monday, June 24, 2024 on the NSE SME segment.
GPES Solar IPO Price Band
The public issue had opened for subscription on Friday, i.e. June 14, 2024. The stake sale process is entirely a fresh equity issue of 32.76 lakh shares. GPES Solar IPO size is Rs 31 crore. The IPO price band is fixed at Rs 90 -94 per share.
GPES Solar IPO Structure
Retail investors can subscribe 35 per cent of the total IPO size. While, 15 per cent is reserved for NIIs and 50 per cent for QIBs. Retail investors can bid for a minimum of 1,200 shares in a single lot. At upper price band, small investors will have to invest a minimum amount of Rs 1.12 lakh. While, the maximum investment limit is set at Rs 2 lakh for such investors.
About the company
Noida-based renewable energy company, GP Eco Solutions (better kown as GPES Solar) manufactures solar energy products like solar panels, solar inverters, and solar energy storage solutions.
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GPES Solar IPO GMP today stood at Rs 168. GPES Solar IPO subscription was completed 321 times the total IPO size of Rs 31 crore at 14:00 pm on Wednesday, June 19, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
