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Gensol Engineering Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed BSE SME SME Live Chart
Issue Price
₹83
Per Share
GMP
NIL
Grey Market
Est. Listing
₹83
Expected Price
Min. Application
₹265,600
2 lots × 1600 shares
IPO Issue Details
Issue Price / Price Band₹83 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size21,60,000 shares (aggregating up to ₹17.93 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 30 Sep 2019
Subscription CloseFri, 04 Oct 2019
Anchor AllotmentSun, 29 Sep 2019
Basis of AllotmentThu, 10 Oct 2019
Initiation of RefundsFri, 11 Oct 2019
Credit of Shares to DematMon, 14 Oct 2019
Listing DateTue, 15 Oct 2019
UPI Mandate Deadline2019-10-04
Application & Investment Details
Retail — Min (1 Lots)₹1,32,800 — 1,600 shares
Retail — Max (13 Lots)₹1,726,400 (13 Lots)
HNI — Min (2 Lots)₹2,65,600 — 3,200 shares
Net Offer to Public20,51,200 shares (aggregating up to ₹17.02 Cr)
Reserved for Market Maker1,08,800 shares (aggregating up to ₹0.9030 Cr)
Pre-IPO Promoter Holding60,42,737 shares
Post-IPO Promoter Holding82,02,737 shares
About Gensol Engineering Ltd.

Incorporated in 2012, Gensol Engineering Limited is a part of Gensol group of companies, which offer EPC and solar advisory services. The company is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India. Being a one-stop solution for a value chain of the solar industry, it provides advisory services to leading project developers, leading institutions, solar EPC companies, and government policymakers. Under EPC business, the company manages turnkey engineering, construction and procurement contracts, internationally, with a team of 180+ engineers. Collectively, Gensol has erected solar power plants of over 188 MW capacity on ground and rooftops so far. With international reach, it provides consulting services to Kenya, Ukraine, Oman, Gabon, Sierra Leone, Nepal, Afghanistan, Indonesia, Philippines and Chad. It is also working on an EPC project in Egypt. In March 2015, the company has entered into a Joint Venture with Solarig N-Gage SA, Spain, which operates, constructs and owns photovoltaic solar parks. Gensol has a subsidiary named Gensun Renewable Pvt Ltd established in 2018 to work on power production generation & sales related activities under RESCO business. Recently, Gensol Engineering has become a technical consultant to NTPC for EPC Vendors for Ground Mounted, Floating & Rooftop Solar PV Projects for two years from 25 Sept 2019 to 24th Sept 2021.Competitive Strengths• Dedicated employee base • Strong client base • Dominative presence as compared to competitors • Technically equipped engineering teams • On time project completion

Objects of the Issue

Gensol Engineering Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
1 Funding the working capital requirements of the Company
13.50
2
2 General corporate purposes
2.44
Shareholding & Lock-in
Pre-IPO Promoter Holding 60,42,737 shares
Post-IPO Promoter Holding 82,02,737 shares
Check AllotmentCheck Status →
Gensol Engineering Ltd. — Live Price LIVE
₹83.00
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Issue ₹83.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹83
GMPNIL
Est. Listing₹83
Lot Size1,600 shares
Min Amount₹265,600
Listing Date15 Oct 2019
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹83
Listing Date15 Oct 2019
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 108,800 ₹0.90 Cr
TOTAL 2,160,000 100.00% ₹17.93 Cr
* Based on ₹83.00 (upper price band)
Lot Size & Investment Details
Lot Size
1,600
Shares
Issue Price
₹83.00
Per Share
Min Investment
₹132,800
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 1,600 ₹132,800
Retail (Max) 13 20,800 ₹1,726,400
sNII (Min) 14 22,400 ₹1,859,200
bNII (Min) 68 108,800 ₹9,030,400
Company Financials — Restated Consolidated (Amount in Lakhs)
Particulars31-Mar-1931-Mar-1831-Mar-17
Revenue from Operations 8385.43 6964.42 6231.77
EBITDA N/A N/A N/A
Profit After Tax (PAT) 649.68 533.66 118.90
Net Worth N/A N/A N/A
Total Assets 4288.66 2643.71 996.80
Reserves & Surplus N/A N/A N/A
Total Borrowings N/A N/A N/A
Key Ratios & Valuation
Issue Price ₹83
Face Value ₹10 Per Share
P/BV N/A
RoE N/A
RoCE N/A
RoNW N/A
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity N/A
Company Details
Company
Gensol Engineering Ltd.
Exchange
BSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
156-157 Sector 9C, Madhya Marg Chandigarh, Chandigarh, 160031
Book Running Lead Managers
Pantomath Capital Advisors Pvt.Ltd.
Book Running Lead Manager (BRLM)