Public issue of 32,76,000 equity shares of face value of Rs. 10 each ("Equity Shares") of GP Eco Solutions India Limited (the "Company" or the "Issuer") for cash at a price of Rs. 94 per equity (the "Issue Price") aggregating to Rs. 30.79 crores ("The Issue") comprising of a fresh issue of 32,76,000 equity shares aggregating to Rs. 30.79 crores (the "Fresh Issue") of which 3,27,600 equity shares aggregating to Rs. 3.08 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 29,48,400 equity shares aggregating to Rs. 27.71 crores (the "Net Issue"). The issue and the net issue will constitute 27.97% and 25.18% respectively of the post issue paid up equity share capital of the company.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
14-Jun-2024
19-Jun-2024
₹ 94.00
₹ 0.00
Minimum Application for shares in Nos : 1200.0
Further Multiples of : 1200.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
27.11
Corporate Capitalventures Pvt Ltd
Project Financed through Current Offer
30.79
Post Issue Equity Share Capital
11.71
Issue Price
₹94.00
Projects
To meet working capital requirements of the company GP Eco Solutions
Investment in its subsidiary invergy india pvt ltd (IIPL) in relation to purchase of plant and machinery and other misc asset and also towards construction civil works for its facility