Gensol IPO September 2019
Gensol Engineering Ltd is a part of Gensol Group. The company provides several products and services to other countries such as technical due diligence, detailed engineering, quality control, construction supervision, and consulting services for solar projects. It offers these services to India and other countries. The company announces its IPO worth of Rs 17.93 crores. Gensol Engineering IPO opens for subscription on 30th September 2019.
Gensol Engineering IPO Details
| Issue Open | Sep 30, 2019 – Oct 4, 2019 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2,160,000 Eq Shares of Rs 10 (aggregating up to Rs 17.93 Cr) |
| Face Value | Rs 10 Per Equity Share |
| Issue Price | Rs 81 – Rs 83 Per Equity Share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
Gensol’s IPO is a bookbuild type issue. The size of the issue is 2,160,000 equity shares aggregating up to Rs 17.93crore.
As of the draft prospectus, the IPO will close on 04th October 2019. The face of the issue stayed at Rs 10 per equity share. The fixed price band range between Rs 81- Rs 83 per equity share. The performance of the IPO will manage by Pantomath Capital Advisors Pvt Ltd.
The issue is proposed to be listed on the BSE. The market lot of the issue is 1600 shares. A minimum order quantity stayed at 1600 shares.
It is a fresh issue. According to the reports, the company will allocate 50 percent of shares to retail investors from a total of 2,160,000 equity shares.
Other details of the IPO will available in the first week of October such as subscription details, allotment date and listing details.
Objects of the Issue
As of draft prospectus, the company will utilize the net proceeds raised from the issue towards the capital requirements of the company and general corporate purposes. The company will utilize net proceeds up to Rs 13.50 crore towards the capital requirements.
Gensol IPO Subscription Status
| Day | Date | NII | RII | Total |
|---|---|---|---|---|
| 1 | Sep 30, 2019 | 1.33x | 0.05x | 0.69x |
| 2 | Oct 1, 2019, 18:30 | 1.35x | 0.11x | 0.73x |
| 3 | Oct 3, 2019 | 1.44x | 0.17x | 0.80x |
| 4 | Oct 4, 2019 | 2.27x | 0.37x | 1.32x |
Listing Details
| Listing Date | Tuesday, October 15, 2019 |
| BSE Script Code | 542851 |
| NSE Symbol | GENSOL |
| Listing In | MT |
| ISIN | INE06H201014 |
| Issue Price | Rs 83 per Equity Share |
| Face Value | Rs 10 Per Equity Share |
Listing Day Trading information
| BSE SME | |
| Issue Price | Rs 83.00 |
| Open | Rs 85.40 |
| Low | 83.50rs |
| High | 89.50 |
| Last Trade | Rs 86.25 |
| Volume | 94,400 |
Dart Prospectus
Gensol Engineering IPO Registrar
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: http://www.linkintime.co.in
Disclaimer: This post is just about the IPO. It does not give any advice or recommendation to investors. Please consult your advisor before investing.
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