
Gensol Engineering Limited
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Having completed its public offering, Gensol Engineering Limited's is now listed and trading on the BSE exchange as of Oct 15, 2019. The IPO raised cumulative capital of 21,60,000 Shares, including TBD in primary capital infusion.
The IPO was conducted with a price range of ₹81 to ₹83 and minimum investment requirement of 1600 shares. subscription activity between Sep 30, 2019 and Oct 04, 2019 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Oct 11, 2019 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Committed and skilled employee base
- Strong and loyal client base
- Leading presence in the market compared to competitors
- Well-equipped engineering teams
- Consistently completes projects on time
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- Mr. Anmol Singh Jaggi
- Mr. Puneet Singh Jaggi
Gensol Engineering Limited
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