
Emerging SME Services · BSE
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.
Price Band
₹81 – ₹83
Issue Size
₹17.93 Cr
Lot Size
1600 shares
GMP
Est. Listing
₹83
at current GMP
Subscribed
—
Open
30 Sep 2019
Close
4 Oct 2019
Allotment
11 Oct 2019
Refund
12 Oct 2019
Demat Credit
13 Oct 2019
Listing
15 Oct 2019
Designated Registrar: Link Intime India Private Ltd
Allotment Date
11 Oct 2019
Basis finalization
Refunds Initiate
12 Oct 2019
Mandate release
Demat Credit
13 Oct 2019
Shares in demat
Listing Debut
15 Oct 2019
Trading begins
Gensol Engineering Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹17.93 Crores. The shares are offered at a price band of ₹81 to ₹83 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2019-10-04, the basis of allotment is scheduled to be finalized on 2019-10-11. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Ltd) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.