Gensol Engineering is a Solar Design & Engineering company with a team of more than 500 employees and experience of providing technical expertise over 18,000+ MW. As part of its consulting business, Gensol provides concepts for commissioning solar advisory, engineering review, detailed engineering, construction supervision, quality control and technical due diligence services for projects in India and abroad.
| Bidding Dates |
|---|
| 30 Sep 2019 - 04 Oct 2019 |
| Subscription |
|---|
| 1.32x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,800 | 1 | 1 | 1600 | 2.2 M | ₹81 - ₹83 | 73.67 % | ₹175.0 M - ₹179.3 M | RHP DOC |
Gensol Engineering IPO SUBSCRIPTION STATUS
04 Oct '19Gensol Engineering IPO overall subscription rate was 1.32 times the total available shares
Gensol Engineering IPO retail subscription rate was 0.37 times in the retail segment
Gensol Engineering IPO non-institutional investor subscription rate was 2.27 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
01 Oct 2019 (Day 2) | 0.11x | 1.35x | - |
03 Oct 2019 (Day 3) | 0.17x | 1.44x | - |
04 Oct 2019 (Day 4) | 0.37x | 2.27x | - |
30 Sep 2019 (Day 1) | 0.05x | 1.33x | - |
Gensol Engineering FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| H1FY19 | 65.0 | 833.9 | 34.3 | -45.5 |
| FY18 | 53.4 | 690.2 | 16.5 | 7.9 |
| FY17 | 11.9 | 621.7 | 0.6 | -0.3 |
| FY16 | 3.6 | 121.2 | 1.5 | -0.2 |
Gensol Engineering IPO SUBSCRIPTION STATUS DETAILS
Gensol Engineering had 2.2 M shares on offer
Gensol Engineering IPO offer price was in the range ₹81 - ₹83
Gensol Engineering IPO minimum Investment was ₹132800
Gensol Engineering IPO issue size was ₹ 175.0 M - ₹ 179.3 M
Gensol Engineering had a minimum lot size of 1600 Shares per application
Gensol Engineering NUMBER OF SHARES ON OFFER
Gensol Engineering IPO IMPORTANT DATES
| Issue Open Date | 30 Sep 2019 |
| Issue close Date | 04 Oct 2019 |
| Allotment Date | 10 Oct 2019 |
| Refund Date | 11 Oct 2019 |
| Demat Account Credit Date | 14 Oct 2019 |
| Listing Date | 15 Oct 2019 |
| Listing on Exchange(s) | BSE |
| Gensol Engineering Allotment Status | Exchange |
Gensol Engineering IPO subscription opened on 30 Sep 2019, and closed on 04 Oct 2019
IPO allotment for Gensol Engineering was finalized on Thursday, 10 Oct 2019
IPO listing for Gensol Engineering was on BSE on Tuesday, 15 Oct 2019
Gensol Engineering IPO LISTING GAINS
| Issue Price (adjusted) | 20.8 |
| Listing Open Price | 85.4 |
| Listing Close Price | 64.7 |
| Listing Gain% | 2.9% |
| Current Gain% | -16.2% |
Gensol Engineering Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gensol Engineering Ltd. | 17.4 | 14.3 | 0.6 | 0 | 0 | 18.3 | 2.6 | 995.9 | 150.6 | 59.6 | 139.1 | 27 | 109.4 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Gensol Engineering INFORMATION ON IPO ISSUE
About Gensol Engineering
Gensol Engineering is a Solar Design & Engineering company with a team of more than 500 employees and experience of providing technical expertise over 18,000+ MW. As part of its consulting business, Gensol provides concepts for commissioning solar advisory, engineering review, detailed engineering, construction supervision, quality control and technical due diligence services for projects in India and abroad.
Object of the Issue
- Funding the working capital requirements of the Company
- General corporate purposes
Gensol Engineering - PROMOTERS
| Name |
|---|
| Anmol Singh Jaggi |
| Puneet Singh Jaggi |
Gensol Engineering Lead Manager to the issue
Pantomath Capital Advisors Private Limited
ipo@pantomathgroup.com
Gensol Engineering Registrar to the Offer
Link Intime India Private Limited
gensol.ipo@linkintime.co.in
Gensol Engineering Strengths
Marquee client base
The recognised list of clients includes Avaada Energy Pvt Ltd, Oriano Clean Energy Pvt Ltd, Maharashtra State Power Generation Company Limited, Mytrah Energy (India) Private Limited, etc. among others.
Diverse service offerings
The businesses of consulting, EPC, O&M and RESCO is a unique mix of experience, learning, relationships and intellectual base which positions the company very strongly as compared to any of the competitors in each business
Designing and execution capability
Gensol boasts of one of the most advanced and technically equipped engineering teams in solar energy space in the country
Gensol Engineering Risks
Certain litigations
The company, its promoters-directors and one of its group companies are involved in certain litigations viz criminal, civil and tax proceedings which are currently pending at various stages
Exposed to liability claims
The nature of the business exposes the company to liability claims and contract disputes and its indemnities may not adequately protect it
IPO FAQs
Gensol Engineering Ltd. IPO listing opened at Rs 85.40 while the issue price was Rs 83.00 giving 2.89% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 20.75 giving -16.19% gains since its IPO listing.
The promoters of the company are Anmol Singh Jaggi and Puneet Singh Jaggi.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 81.0 - 83.0.
The IPO application opens on Sep 30, 2019 and closes on Oct 04, 2019.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 132,800.0, the maximum value for this IPO is Rs 132,800.0.
This IPO will be allotted on Oct 10, 2019.
The refund will be credited to your account on Oct 11, 2019.
The allotted shares will be credited to your demat on Oct 14, 2019.
Gensol Engineering Ltd.’s shares listed on the stock exchanges on Oct 15, 2019.