GP Eco Solutions India Limited

About the company

## **About GP Eco Solutions India Limited** Incorporated in  July, 2010, GP Eco Solutions India Limited is involved in the distribution of a wide range of solar inverters and solar panels. The company is an authorised distributor of Sungrow India Pvt Ltd or “Sungrow”  for Solar Inverters in North India, and they are also authorised distributors for Saatvik Green Energy Private Limited or “Saatvik” and LONGi Solar Technology Co. Ltd or “LONGi” for solar panels in North India. Additionally, we serve as an integrated solar energy solutions provider, delivering comprehensive engineering, procurement, and construction ("EPC") services to their commercial and residential customers, however the contribution of this segment is comparatively less as compared to the business of distribution of solar inverters and solar panels. The company also has its own brand called "Invergy". Under the Invergy brand, they sell hybrid solar inverters and lithium ferro phosphate (LFP) batteries. Invergy deals in OEM manufacturing for hybrid and LFP products. Invergy has its own quality and reliable protocol for contract manufacturing of these products. Invergy manages its own supply chain stream to provide easy and comfortable transitions. **Contract Manufacturing** : This refers to a business arrangement where one company (Invergy) outsources the manufacturing of its products to another company. In this context, Invergy has developed its own set of guidelines and procedures, often referred to as a protocol, to ensure that the products manufactured by the contracted partners meet specific quality and reliability standards. **Quality and Reliable Protocol** : Invergy has established a structured and defined set of rules, processes, and standards to govern the manufacturing process. This protocol focuses on maintaining high-quality standards for the products and ensuring reliability in the manufacturing procedures. This commitment to quality and reliability is crucial for delivering consistent and satisfactory products to customers. **Managing the Supply Chain** : Invergy takes an active role in overseeing and controlling the various stages involved in the supply chain. The supply chain encompasses all the processes from the acquisition of raw materials to the delivery of the final products to customers. **Easy and Comfortable Transitions** : By managing its own supply chain stream, Invergy aims to make the transitions between different stages of production and distribution as smooth as possible. This includes efficient handling of logistics, inventory management, and coordination between different elements of the supply chain. The goal is to create a seamless and comfortable experience, ensuring that products move from manufacturing to the hands of customers without disruptions or 108 delays. GP Eco Solutions India Limited  Prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives: 1. Meet Working Capital requirements of the Company; 1. Investment in the subsidiary, Invergy India Private Limited ("IIPL") in relation to Purchase of Plant & Machineries and other Miscellaneous Assets and also towards Construction / Civil Works for its facility. 1. General Corporate Expenses.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   14 Jun 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   19 Jun 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   16 Jun 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   21 Jun 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   20 Jun 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   24 Jun 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.