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Ganesh Infraworld IPO

  • Status: Closed
  • RHP:
  • ₹ 124,800 / 1600 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    06 Dec 2024

  • Listing Price

    ₹ 157.70

  • Listing Change

    90.00%

  • Last Traded Price

    ₹ 163.10

IPO Details

  • Open Date

    29 Nov 2024

  • Close Date

    03 Dec 2024

  • IPO Price Range

    ₹ 78 - ₹ 83

  • IPO Size

    ₹ 98.58 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    06 Dec 2024

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Ganesh Infraworld IPO Subscription Status

Last Updated: 03 December 2024 6:56 PM by 5Paisa

Ganesh Infraworld IPO is set to open on 29 November 2024 and will close on 3 December 2024. Ganesh Infraworld is a leading provider of construction and allied services in India.

The IPO is a fresh issue of 1.19 Cr shares aggregating to ₹98.58 Cr. The price band is set at ₹78 to ₹83 per share and the lot size is 1600 shares. 

The allotment is scheduled to be finalised on 4 December 2024. It will go public on NSE SME, with a tentative listing date of 6 December 2024.

Vivro Financial Services Pvt Ltd is the book running lead manager while Link Intime India Pvt Ltd is the registrar. 

Ganesh IPO Size

Types Size
Total IPO Size ₹98.58
Offer For Sale -
Fresh Issue ₹98.58

 

Ganesh IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1600 ₹132,800
Retail (Max) 1 1600 ₹132,800
HNI (Min) 2 3200 ₹265,600

Ganesh IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 163.52 21,37,600 34,95,34,400 2,901.14
NII (HNI) 865.82 16,04,800 1,38,94,68,800 11,532.59
Retail 274.48 37,44,000 1,02,76,49,600 8,529.49
Total 369.56 74,86,400 2,76,66,52,800 22,963.22

 

Ganesh IPO Anchor Allocation

Anchor Bid Date 28 November, 2024
Shares Offered 3,203,200
Anchor portion Size (In ₹ Cr.) 26.59
Anchor lock-in period end date for 50% shares (30 Days) 3 January, 2025
Anchor lock-in period end date for remaining shares (90 Days) 4 March, 2025

1. To meet long-term working capital requirements; and
2. General Corporate Purposes.
 

Ganesh Infraworld Limited, established in 2017, is a leading provider of construction and allied services in India, specialising in industrial, residential, commercial, and infrastructure projects. The company offers integrated engineering, procurement, and construction (EPC) services, covering the full construction value chain, from planning and design to execution. Its expertise spans civil, electrical, mechanical, and industrial services, with a strong focus on road, rail, power, and water supply infrastructure. Ganesh Infraworld operates across three main business verticals: civil and electrical infrastructure, road and rail development, and water infrastructure projects.

Over the past three years, the company has completed projects worth Rs. 50,406.77 lakhs and currently manages an order book of Rs. 57,485.53 lakhs, with 41 ongoing projects spread across 13 states. Ganesh Infraworld's competitive strengths include a robust order book from large engineering firms, strong project execution skills, and an experienced management team, supported by a dedicated workforce of 42 permanent employees.

Peers

Capacit'e Infrastructure Limited
Chavda Infra Limited
AVP Infracon Limited
PSP Projects Ltd
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 291.81 135.05 81.15
EBITDA 24.19 9.17 3.73
PAT 15.54 5.21 1.89
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 177.25 42.67 25.30
Share Capital 10.98 15.15 8.19
Total Borrowings 30.72 7.09 3.05
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities -4.84 2.59 10.20
Net Cash Generated From / (used in) investing activities -22.75 -7.03 6.75
Net Cash Generated From / (used in) financing activities 33.12 4.49 3.16
Net Increase (Decrease) In Cash And Cash Equivalents 5.53 0.05 -0.30

Strengths

1. Robust order book with repeat business from major engineering firms.
2. Expertise in integrated EPC services across diverse infrastructure sectors.
3. Proven project execution and management capabilities over varied construction domains.
4. Broad geographic reach with projects across 13 states in India.
5. Experienced leadership and skilled workforce driving operational efficiency.
 

Risks

1. High dependence on specific sectors like infrastructure and engineering.
2. Limited brand recognition compared to larger, established competitors.
3. Potential delays in project execution due to external dependencies.
4. Concentration of projects in fewer states limits risk diversification.
5. Reliance on small and medium clients may impact cash flow stability.
 

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FAQs

Ganesh Infraworld IPO opens from 29 November to 3 December 2024.

The size of Ganesh Infraworld IPO is ₹98.58 Cr.

The price of Ganesh Infraworld IPO is fixed at ₹78 to ₹83 per share. 

To apply for Ganesh IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Ganesh Infraworld  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Ganesh Infraworld IPO is 1600 shares and the investment required is ₹132,800.
 

The share allotment date of Ganesh Infraworld IPO is 4 December 2024

The Ganesh Infraworld IPO will be listed on 6 December 2024.

Vivro Financial Services Pvt Ltd is the book running lead manager of the Ganesh Infraworld IPO.