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