GP Eco Solutions India Limited (GPECO) experienced a remarkable debut on the NSE Emerge platform today, with its stock price skyrocketing over 300% from the IPO price.
The shares opened at ₹375, far exceeding the IPO price band of ₹90 to ₹94 per share, indicating robust investor enthusiasm.
By 10:37 AM IST, the stock had climbed to a high of ₹393.75, illustrating strong demand and investor confidence in the company’s growth potential.
The trading volume reached 14.45 lakh shares, with a total traded value of ₹55.06 crores. This strong performance boosted the company’s market capitalization to ₹461.11 crores.
Investor sentiment was overwhelmingly positive, with the highest bid order recorded at ₹393.75 for 4,50,000 shares.
The total buy quantity at this price stood at 5,37,600 shares, highlighting the bullish market outlook for GPECO.
GP Eco Solutions India Limited, incorporated in 2010 and headquartered in Noida, Uttar Pradesh, specializes in providing innovative and sustainable environmental solutions.
The company’s IPO comprised a fresh issue of up to 32,76,000 equity shares, including a Market Maker portion of 3,27,600 shares and an Anchor allocation of 8,83,200 shares.
The impressive market debut of GP Eco Solutions India Limited underscores the increasing investor interest in sustainable and eco-friendly companies.
The company’s strong performance on its first trading day sets a positive trajectory for its future endeavors and market expansion.
About GP Eco Solutions India Limited
GP Eco Solutions India Limited is a prominent distributor and service provider in North India’s renewable energy sector, specializing in solar inverters and panels through partnerships with Sungrow India Pvt Ltd, Saatvik Green Energy Private Limited, and LONGi Solar Technology Co. Ltd.
The company offers comprehensive Engineering, Procurement, and Construction (EPC) services, ensuring seamless deployment of solar solutions for residential and commercial projects.
