GP Eco Solutions IPO

About GP Eco Solutions India Limited

GP Eco Solutions India Limited, originally founded as GP Eco Solutions India Private Limited on July 30, 2010, transformed into a public limited company in November 2023. The company is a key player in the solar energy industry in North India. It is recognised for its distribution of solar inverters and solar panels and operates as an authorised distributor for Sungrow India Pvt Ltd, Saatvik Green Energy Private Limited, and LONGi Solar Technology Co. Ltd.

GP Eco Solutions excels in providing integrated solar energy solutions, primarily focusing on engineering, procurement, and construction (EPC) services tailored to both commercial and residential sectors. Although EPC constitutes a smaller portion of its business compared to distribution, it significantly enhances the company's offerings in the solar energy domain.

Under its proprietary brand, Invergy, GP Eco Solutions specialises in the manufacture and distribution of hybrid solar inverters and lithium ferro phosphate (LFP) batteries. Invergy is distinguished by its robust quality and reliable protocols for contract manufacturing, ensuring that all products meet stringent standards.

The company is ISO 9001:2015 certified, highlighting its commitment to maintaining high standards in quality management systems. GP Eco Solutions' business model encompasses three primary verticals: distribution of solar inverters and panels, solar EPC services, and operation and maintenance services for solar plants.

In terms of distribution, the company offers a variety of solar products, including Sungrow residential, commercial, and utility inverters. It also deals with different types of Saatvik and LONGi solar panels catering to diverse solar energy requirements.

For EPC services, GP Eco Solutions undertakes projects where clients invest in capital expenditures while the company manages the engineering, procurement, construction, and operations. This division has successfully commissioned several government projects, enhancing its reputation in the solar industry.

Additionally, the company provides comprehensive operation and maintenance services for its constructed solar plants, ensuring long-term functionality and efficiency.

Overall, GP Eco Solutions India Limited stands out in the solar industry for its extensive product range, commitment to quality, and comprehensive service offerings, making it a pivotal entity in advancing solar energy solutions across North India.

Industry Outlook:

1. The projected global growth slowdown, especially in advanced economies, may heighten demand for cost-effective renewable energy solutions, such as solar panels and inverters. This would offer GP Eco Solutions strategic expansion opportunities in markets seeking energy cost reductions.
2. With an expected recovery in global economic conditions by 2024, GP Eco Solutions can anticipate increased investment in renewable energy infrastructure, leveraging their comprehensive solar solutions and EPC services to capture emerging market demands.

GP Eco Solutions India Limited IPO Objectives

The company intends to utilise the Net Fresh Issue Proceeds for the following Objects :

1. To meet the working capital requirements of the company “GP Eco Solutions”;
2. Investment in their subsidiary - Invergy India Private Limited (“IIPL”) concerning the purchase of plant & machinery and other miscellaneous assets and also towards construction / civil works for its facility; and
3. General corporate expenses

Peer Details

The GP Eco Solutions India’s listed peers includes only one company - Sungarner Energies Limited.

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Contact Details of GP Eco Solutions India Limited IPO

• Registered office: B-39, Sector-59, Gautam Buddha Nagar, Noida, Uttar Pradesh, India, 201301
• Phone: +91 - 8960095217
• E-mail:cs@gpecosolutions.com