Ganesh Green Bharat IPO Review

 
Ganesh Green Bharat IPO Review

IPO Open Date: July 5, 2024

IPO Close Date: July 9, 2024

IPO Price: ₹181 to ₹190 per share

Lot Size: 600 Shares

Listing: July 12, 2024

Ganesh Green Bharat is scheduled to hit the market on July 5, 2024 and close on July 9, 2024. Ganesh Green Bharat plans to raise around ₹125.23 Cr through an IPO with a sale of up to 6,591,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Incorporated in April 2016, Ganesh Green Bharat Limited specializes in providing electrical contracting services, offering a comprehensive range of solutions from supply to installation, testing, and commissioning of solar and electrical products. The company has successfully executed projects under various government initiatives like the Saubhagya Scheme and KUSUM Scheme, along with venturing into water supply projects such as the Mukhya Mantri Nishchay Quality Affected Yojna.

With a dedicated team of 10 engineers and support from third-party consultants and industry experts, Ganesh Green Bharat Limited ensures adherence to both industry and government standards. Serving clients that include government departments across eight states and private sector organizations, the company has established a strong foothold in the market. As of March 31, 2024, the company's workforce comprised around 39 employees and contract labor deployed at project sites.

Ganesh Green Bharat


Ganesh Green Bharat IPO Details

Ganesh Green Bharat IPO opens on July 05, 2024, and closes on July 09, 2024. The Listing date for Ganesh Green Bharat IPO is on July 12, 2024. The price band for IPO is ₹181 to ₹190 per share and lot size of 600 Shares.

IPO DateJuly 05, 2024 to July 09, 2024
Listing DateJuly 12, 2024
Price₹181 to ₹190 per share
Lot Size600 Shares
Issue Size₹125.23 Cr
Face Value₹10 per share

Ganesh Green Bharat IPO Tentative Timetable

Ganesh Green Bharat opening date is July 05, 2024 and close date is July 09, 2024. The IPO allotment date is July 10, 2024. The refund initiation of IPO is on July 11, 2024. The credit of shares in demat account is on July 11, 2024. The listing date is on July 12, 2024.

EventDate
IPO OpeningJuly 05, 2024
IPO ClosingJuly 09, 2024
IPO Allotment DateJuly 10, 2024
Refund InitiationJuly 11, 2024
Shares Credit to DematJuly 11, 2024
Lisiting DateJuly 12, 2024

Ganesh Green Bharat IPO Lot Size

Lot Size of this IPO is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹114,000).

CategoryLotsSharesAmount
Retail(Minimum)1600₹114,000
Retail(Maximum)1600₹114,000
HNI (Minimum)21200₹228,000

Ganesh Green Bharat IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Ganesh Green Bharat IPO Review

Incorporated in April 2016, Ganesh Green Bharat Limited specializes in electrical contracting services, offering supply, installation, testing, and commissioning (SITC) of solar and electrical goods and services primarily to government bodies. The company has completed numerous projects under various government schemes, such as the Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna. Additionally, it has expanded its operations to include designing, building, installing, operating, and maintaining water supply projects under schemes like Mukhya Mantri Nishchay Quality Affected Yojna and Har Ghar Jal (Jal Jeevan Mission).

Ganesh Green Bharat Limited has demonstrated impressive financial growth, with revenue increasing by 89.82% and profit after tax (PAT) rising by 167.67% between the financial years ending March 31, 2023, and March 31, 2024. As of March 31, 2024, the company's total assets stood at ₹15,029.82 lakh, with a net worth of ₹5,727.64 lakh and total borrowings of ₹5,370.17 lakh. The upcoming IPO aims to raise funds to repay outstanding borrowings, fund capital expenditure for additional plant and machinery, meet working capital requirements, and cover general corporate expenses. The market capitalization post-IPO is estimated at ₹509.22 crore, with the post-issue P/E ratio at 23.33.

As of March 31, 2024, Ganesh Green Bharat Limited's order book includes 10 work orders for solar system and allied services, 7 work orders for electrical contracting services, and 1 work order for water supply scheme projects. The company's clientele comprises government departments from eight states, including prominent entities like Gujarat Industrial Development Corporation (GIDC), Ahmedabad Municipal Corporation (AMC), and Rajasthan Renewable Energy Corporation Limited (RRECL). Additionally, the company supplies Solar PV modules to private sector organizations. Supported by a team of 10 engineers, third-party consultants, and industry experts, the company ensures compliance with industry and government standards, with a total workforce of 39 employees and contract labor at project sites.

Ganesh Green Bharat IPO Subscription Status (Bidding Details)

Table not found

Ganesh Green Bharat IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Ganesh Green Bharat IPO FAQs

What is Ganesh Green Bharat IPO?

Ganesh Green Bharat is issuing 6,591,000 equity shares with a face value of ₹10 each, totaling up to ₹125.23 Cr. The shares are being offered at a price of ₹181 to ₹190 each, with a minimum order quantity of 600 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Ganesh Green Bharat IPO will open?

Ganesh Green Bharat will open on July 05, 2024 for QIB, NII, and Retail Investors.

When Ganesh Green Bharat IPO will end?

Ganesh Green Bharat will end on July 09, 2024.

What is Ganesh Green Bharat IPO Size?

Ganesh Green Bharat IPO size is 125.23 Cr.

What is Ganesh Green Bharat IPO Price Band?

Ganesh Green Bharat price band is ₹181 to ₹190 per share.

What is the Ganesh Green Bharat IPO Allotment Date?

Ganesh Green Bharat allotment date is July 10, 2024.

What is the Ganesh Green Bharat IPO Listing Date?

Ganesh Green Bharat listing date is July 12, 2024. The IPO is to be listed on BSE and NSE.

How to Ganesh Green Bharat IPO through Zerodha?

To apply for the IPO “Ganesh Green Bharat” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Ganesh Green Bharat IPO through Upstox?

To apply for the IPO “Ganesh Green Bharat” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Ganesh Green Bharat IPO Allotment Status?

For Ganesh Green Bharat IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Ganesh Green Bharat IPO GMP?

You can check out here: Ganesh Green Bharat IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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