GP Eco Solutions India Ltd - IPO

GP Eco Solutions India Ltd IPO Details

Public issue of 32,76,000 equity shares of face value of Rs. 10 each (Equity Shares) of GP Eco Solutions India Limited (the Company or the Issuer) for cash at a price of Rs. 94 per equity (the Issue Price) aggregating to Rs. 30.79 crores (The Issue) comprising of a fresh issue of 32,76,000 equity shares aggregating to Rs. 30.79 crores (the Fresh Issue) of which 3,27,600 equity shares aggregating to Rs. 3.08 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 29,48,400 equity shares aggregating to Rs. 27.71 crores (the Net Issue). The issue and the net issue will constitute 27.97% and 25.18% respectively of the post issue paid up equity share capital of the company.

Objective of issue

To meet working capital requirements of the company GP Eco Solutions. Investment in its subsidiary invergy india pvt ltd (IIPL) in relation to purchase of plant and machinery and other misc asset and also towards construction civil works for its facility. General corporate expenses.

GP Eco Solutions India Ltd Contact Details

GP Eco Solutions India Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@gpecosolutions.com

Website - www.gpecosolutions.com