Ganesh Green Bharat IPO

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Ganesh Green Bharat IPO Details

Open Date 05-Jul-24
Close Date 09-Jul-24
Lot Size 600
IPO Size ₹ 125.23 Cr
IPO Price Range ₹ 181 to ₹ 190
Min Investment ₹ 114,000
Listing Exchange NSE SME
Basis of Allotment 10-Jul-24
Refunds 11-Jul-24
Credit to Demat Account 11-Jul-24
Listing Date 12-Jul-24

Ganesh Green Bharat IPO Subscription Status

Date	QIB	NII	Retail	TOTAL
05-Jul-24	5.79	8.50	18.62	12.60

Ganesh Green Bharat IPO Synopsis

Ganesh Green Bharat Limited IPO is set to open on 5 July 2024 and will close on 9 July 2024. The company is an Electrical Contracting Service company.

The IPO is an entirely fresh issue of 65,91,000 shares aggregating up to ₹125.23 Cr. The price range is ₹181-₹190 per share and the lot size is 1600 shares.

The allotment is scheduled to be finalized on 10 July 2024. It will go public on NSE SME, with a tentative listing date of 12 July 2024.

Hem Securities Limited is the book-running lead manager, while Kfin Technologies Ltd is the registrar.

Objectives Of Ganesh Green Bharat IPO

Repayment in full or in part, of certain of the outstanding borrowings
Funding Capital Expenditure towards installation of additional plant and machinery at the factory
Funding to meet working capital requirements
General Corporate Purpose.

Ganesh Green Bharat IPO Size

Types	Size (₹Cr)
Total IPO size	125.23
Offer for sale	-
Fresh issue	125.23

Ganesh Green Bharat IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	600	₹114000
Retail (Max)	1	600	₹114000
S-HNI (Min)	2	1,200	₹228000

About Ganesh Green Bharat

Ganesh Green Bharat Limited, founded in April 2016, is an Electrical Contracting Service firm. The firm provides a variety of services, including the supply, installation, testing, and commissioning (SITC) of solar and electrical items and services to various government agencies.

The firm has completed projects for many government initiatives, including the Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna. In addition, we have undertaken the design, construction, installation, operation, and maintenance of water supply projects such as the Mukhya Mantri Nishchay Quality Affected Yojna and Har Ghar Jal.

Peer Comparison

Solex Energy Limited
Waaree Renewable Technologies Limited
Zodiac Energy Limited

For More Information
Webstory on Ganesh Green Bharat IPO

Balance Sheet

Total Assets
Share Capital
Total Liabilities

Particulars (in Rs. Crores)	FY24	FY23	FY22
Revenue from operations	171.96	90.60	106.12
EBITDA	21.83	8.16	5.21
PAT	28.37	11.03	7.04

Particulars (in Rs. Crores)	FY24	Y23	FY22
Total Assets	150.30	87.86	88.35
Share Capital	18.21	1.2	1.2
Total Borrowings	53.70	27.39	22.47

Particulars (in Rs. Crores)	FY24	FY23	FY22
Net cash generated from / (used in) operating activities	0.17	-2.37	8.46
Net cash from / (used in) investing activities	-9.66	-0.33	-1.68
Net cash flow from / (used in) financing activities	9.61	2.63	10.37
Net increase (decrease) in cash and cash equivalents	0.12	-0.08	0.24

Ganesh Green Bharat IPO Key Points

Strengths

1. Offer a diversified range of solutions.
2. Capabilities to capture strong industry tailwinds and growth prospects for solar energy.
3. In house designing and execution team and established track record.
4. Order Book of projects across India.
5. Experienced Promoters and senior management team.
6. Stable financial performance.
Risks

1. Increase in the prices of raw materials and labor could have an adverse effect on its business.
2. Delays in the completion of current and future projects could lead to termination of EPC agreements.
3. Relies on its in-house designing and engineering team for project execution.
4. Projects are awarded through the competitive bidding process by government authorities/bodies.

How to apply for IPO?

Login to your 5paisa account and select the issue in the
current IPO section
Enter the number of lots and price at which you wish to
apply for
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
Approve the mandate request on your UPI and funds
will be blocked

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Ganesh Green Bharat IPO FAQs

How to apply for Ganesh Green Bharat IPO?

To apply for Ganesh Green Bharat 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 Ganesh Green Bharat 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.

What is the objective of Ganesh Green Bharat IPO?

Ganesh Green Bharat IPO plans to utilize the raised capital from the IPO to:

Repayment in full or in part, of certain of the outstanding borrowings
Funding Capital Expenditure towards installation of additional plant and machinery at the factory.
Funding to meet working capital requirements.
General Corporate Purpose.

Contact Details of Ganesh Green Bharat IPO

Contact Information

Ganesh Green Bharat Limited

F-202. S.G. Business Hub
S.G. Highway
Ahmedabad-382470

Phone: +91-79-29703080
Email: cs@ganeshgreen.com
Website: https://ganeshgreen.com/

Ganesh Green Bharat IPO Register

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: ggbl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Ganesh Green Bharat IPO Lead Manager

Hem Securities Limited

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by 5paisa Research Team 02 Jul 2024