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Gensol Engineering IPO is a book build issue of ₹17.93 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹17.93 crore.
Gensol Engineering IPO bidding started from Sep 30, 2019 and ended on Oct 4, 2019. The allotment for Gensol Engineering IPO was finalized on Oct 10, 2019. The shares got listed on BSE SME on Oct 15, 2019.
Gensol Engineering IPO price band is set at ₹83.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,29,600 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,65,600.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Gensol Engineering IPO RHP for detailed Information.
| IPO Date | September 30, 2019 to October 4, 2019 |
| Listing Date | October 15, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹81 to ₹83 per share |
| Issue Price Final | ₹83 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 21,60,000 shares (aggregating up to ₹17.93 Cr) |
| Reserved for Market Maker | 1,08,800 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.9030 Cr) |
| Net Offered to Public | 20,51,200 shares (aggregating up to ₹17.02 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 60,42,737 shares |
| Share Holding Post Issue | 82,02,737 shares |
Gensol Engineering IPO offers total 21,60,000 shares. Out of which 10,25,600 (47.48%) allocated to NII, 10,25,600 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,08,800 (5.04%) |
| NII (HNI) Shares Offered | 10,25,600 (47.48%) |
| Retail Shares Offered | 10,25,600 (47.48%) |
| Total Shares Offered | 21,60,000 (100.00%) |
Gensol Engineering IPO opens on September 30, 2019, and closes on October 4, 2019.
| IPO Open Date | Mon, Sep 30, 2019 |
| IPO Close Date | Fri, Oct 4, 2019 |
| Tentative Allotment | Thu, Oct 10, 2019 |
| Initiation of Refunds | Fri, Oct 11, 2019 |
| Credit of Shares to Demat | Mon, Oct 14, 2019 |
| Tentative Listing Date | Tue, Oct 15, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 4, 2019 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,32,800 |
| Retail (Max) | 1 | 1,600 | ₹1,32,800 |
| HNI (Min) | 2 | 3,200 | ₹2,65,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
• Dedicated employee base • Strong client base • Dominative presence as compared to competitors • Technically equipped engineering teams • On time project completion
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |||
| Total Assets | 4,288.66 | 2,643.71 | 996.80 | ||
| Total Revenue | 8,385.43 | 6,964.42 | 6,231.77 | ||
| Profit After Tax | 649.68 | 533.66 | 118.90 | ||
The Company Gensol Engineering IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 13.50 |
| 2 | General corporate purposes | 2.44 |
[Dilip Davda] As investors have burnt their fingers with investment in solar projects, this issue may face the music. However, GEL is engaged in advisory and O & M services for Solar projects and as such, it differs from others and is poised for bright prospects going forward. Considering financial data and fully priced issue, moderate investment for the long term may be considered. Read detail review...
| Listing Date | October 15, 2019 |
| BSE Script Code | 542851 |
| NSE Symbol | GENSOL |
| ISIN | INE06H201014 |
| Final Issue Price | ₹83 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹83.00 |
| Open | ₹85.40 |
| Low | ₹83.50 |
| High | ₹89.50 |
| Last Trade | ₹86.25 |
Gensol Engineering Ltd.
156-157
Sector 9C,
Madhya Marg
Chandigarh, Chandigarh, 160031
Phone: 079 4006 8236
Email: communications@gensol.in
Website: https://gensolsolar.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: gensol.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Gensol Engineering IPO is a SME IPO of 21,60,000 equity shares of the face value of ₹10 aggregating up to ₹17.93 Crores. The issue is priced at ₹83 per share. The minimum order quantity is 1600.
The IPO opens on September 30, 2019, and closes on October 4, 2019.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Gensol Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Gensol Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gensol Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gensol Engineering IPO opens on September 30, 2019 and closes on October 4, 2019.
Gensol Engineering IPO lot size is 1600, and the minimum amount required for application is ₹1,32,800.
You can apply in Gensol Engineering IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Gensol Engineering IPO will be done on Thursday, October 10, 2019, and the allotted shares will be credited to your demat account by Monday, October 14, 2019. Check the Gensol Engineering IPO allotment status.
The Gensol Engineering IPO listing date is on Tuesday, October 15, 2019.
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