On the last day of bidding for the GPES Solar Limited IPO, the issue received a tremendous response from the investors with the issue getting oversubscribed 856.21 led by Non-institutional buyers (NII) who subscribed to the issue 1,824.87 times. Retail investors subscribed 793.20 times and Qualified institutions (QIB) subscribed 236.64 times, according to chittorgarh.com
GP Eco Solutions India Limited launched its IPO with a total value of Rs 30.79 crore, offering 32.76 lakh shares at a price band of Rs 90 to Rs 94 per share. The bidding for the SME IPO started on June 14 and ended on June 19. Investors needed to buy at least 1200 shares, requiring an investment of Rs 112,800.
The allotment for GPES Solar Limited IPO is expected to be finalised on Thursday, June 20.
Investors who bid for the IPO can check the share allotment status on the official website of the registrar for IPO, Bigshare Services Pvt Ltd.
Steps to check GPES Solar Limited IPO Allotment Status on Bigshare Services
Visit the official website of Bigshare Services here: https://www.bigshareonline.com/ipo_Allotment.html
Select any one server from the to check you IPO allotment status.
Choose "GP Eco Solutions India Limited" from the list of companies.
Choose either PAN number or Application number or Beneficiary ID.
Enter the required information, which could be your application number or PAN (Permanent Account Number) or your Beneficiary ID.
Fill in the 'captcha' as seen on the screen.
Click the "Search" button to check your allotment status.
Download or print the allotment status for your records.
The listing date for GP Eco Solutions India Limited will be Monday, June 24, and the company's shares will be listed on NSE SME.
GP Eco Solutions India Limited IPO Timeline (Tentative Schedule)
IPO Open Date: Friday, June 14
IPO Close Date: Wednesday, June 19
Basis of Allotment: Thursday, June 20
Initiation of Refunds: Friday, June 21
Credit of Shares to Demat: Friday, June 21
Listing Date: Monday, June 24
Investors who received shares of the company will have their demat accounts credited on June 21. The refund procedure will begin on Friday, as soon as the allotment is finalised.
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