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GENSOLSME / BSEListed
Gensol Engineering

Gensol Engineering Limited, founded in 2012, is a part of the Gensol group of companies, which specialize in providing EPC (Engineering, Procurement, and Construction) and solar advisory services. The company offers a range of services, including technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects, both in India and internationally. Gensol provides a comprehensive suite of services across the solar industry value chain, offering advisory services to leading project developers, institutions, solar EPC companies, and government policymakers. In its EPC business, Gensol manages turnkey engineering, construction, and procurement contracts with a team of over 180 engineers. So far, the company has successfully erected solar power plants with a total capacity of over 188 MW on both ground-mounted and rooftop installations. Gensol operates internationally, providing consulting services in countries such as Kenya, Ukraine, Oman, Gabon, Sierra Leone, Nepal, Afghanistan, Indonesia, the Philippines, and Chad, with an ongoing EPC project in Egypt. In March 2015, Gensol entered into a joint venture with Solarig N-Gage SA, Spain, which focuses on operating, constructing, and owning photovoltaic solar parks. Additionally, Gensol established a subsidiary, Gensun Renewable Pvt Ltd, in 2018 to work on power production generation and sales under the RESCO (Renewable Energy Service Company) business model. Recently, Gensol Engineering was appointed as a technical consultant to NTPC for EPC vendors for ground-mounted, floating, and rooftop solar PV projects for a period of two years, from September 25, 2019, to September 24, 2021.

₹81 - ₹83Open
Listed Price₹85.40
Listing Gain+2.89%

IPO Schedule & Timeline

Bookbuilding IPO
Open30 Sep 2019
Close04 Oct 2019
Allotment11 Oct 2019
Listing15 Oct 2019

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Market Maker1,08,800 shares
5.04%

Minimum Application Lots

Retail1 Lot (1,600 shares)
₹1,32,800
HNI2 Lots (3,200 shares)
₹2,65,600

Company Promoters

Mr. Anmol Singh JaggiMr. Puneet Singh Jaggi

Company Background

Gensol Engineering Limited, founded in 2012, is a part of the Gensol group of companies, which specialize in providing EPC (Engineering, Procurement, and Construction) and solar advisory services. The company offers a range of services, including technical due diligence, detailed engineering, quality control, construction supervision, and other consulting se...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (31-Mar-19)₹8385.43 Cr
Growth+34.6%
Revenue Trend (₹ in Crores)
0.03.2k6.4k9.6k31-Mar-1731-Mar-1831-Mar-19
PeriodRev (Cr)PAT (Cr)AssetsDebt
31-Mar-198,385.43649.684,288.660
31-Mar-186,964.42533.662,643.710
31-Mar-176,231.77118.90996.800

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
11 Oct 2019
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
15 Oct 2019

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Gensol Engineering. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

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Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization11 Oct 2019Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date15 Oct 2019Trading commences on exchange

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3Enter Details

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About Gensol Engineering IPO

Complete issue overview for Gensol Engineering (GENSOL) IPO. The issue features an equity share price band of ₹81 – ₹83 per share with a minimum retail lot size of 1600 Shares (minimum application amount of ₹1,32,800). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

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