Gensol Engineering IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 30/09 - 04/10
Issue Size ₹17.93 Cr
Issue Price ₹81 - 83
Market Lot 1600 Shares
Shares on Offer 2,160,000
Registrar
GMP N/A
Kostak N/A
Subject to Sauda N/A
Listing Date 15/10
Listing Price N/A
Listing Gain% N/A

About Gensol Engineering Limited

Gensol is a microcosm of young thinkers, engineers and leaders dedicated to help the world build solar power projects that maximise investor profits. Gensol is the “one stop shop” for anybody and everybody who wants to take up solar as a possible avenue of investment.

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.

Company Financials

Particulars 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets (In ₹ Millions) 4,288.66 2,643.71 996.80
Total Revenue (In ₹ Millions) 8,385.43 6,964.42 6,231.77
Profit After Tax (PAT) (In ₹ Millions) 649.68 533.66 118.90

Gensol Engineering Limited IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 30 Sep 2019 1.33 0.05 0.69
Day 2 - 01 Oct 2019 1.35 0.11 0.73
Day 3 - 03 Oct 2019 1.44 0.17 0.80
Day 4 - 04 Oct 2019 2.27 0.37 1.32

Allotment Status

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IPO Allotment Status

Gensol Engineering Limited IPO FAQs

  1. When will Gensol Engineering Limited IPO open?

    Gensol Engineering Limited IPO will open on 30/09 and close on 04/10.

  2. What is the listing date of Gensol Engineering Limited IPO?

    Gensol Engineering Limited IPO will list on 15/10.

  3. What is the offer price of Gensol Engineering Limited IPO?

    The offer price of Gensol Engineering Limited IPO is ₹81 - 83.

  4. What is the lot size of Gensol Engineering Limited IPO?

    The lot size of Gensol Engineering Limited IPO is 1600.

  5. What is the Grey Market Premium (GMP) price of Gensol Engineering Limited IPO?

    The Grey Market Premium (GMP) price of Gensol Engineering Limited IPO is Not Available at the moment.

  6. What is the Kostak price of Gensol Engineering Limited IPO?

    The Kostak price of Gensol Engineering Limited IPO is Not Available at the moment.

  7. What is the Subject to Sauda price for Gensol Engineering Limited IPO?

    The Subject to Sauda price for Gensol Engineering Limited IPO is Not Available at the moment.

Gensol Engineering Limited IPO Review/Comments

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