Ganesh Green Bharat IPO
IPO Listing Details
- Listing Date
12 Jul 2024
- Listing Price
₹ 361.00
- Listing Change
90.00%
- Last Traded Price
₹ 397.55
IPO Details
- Open Date
05 Jul 2024
- Close Date
09 Jul 2024
- IPO Price Range
₹ 181 to ₹ 190
- IPO Size
₹ 125.23 Cr
- Listing Exchange
NSE SME
- Listing Date
12 Jul 2024
IPO Timeline
Ganesh Green Bharat IPO Subscription Status
Date | QIB | NII | Retail | TOTAL |
---|---|---|---|---|
05-Jul-24 | 5.79 | 8.56 | 18.86 | 12.73 |
08-Jul-24 | 12.03 | 29.15 | 54.94 | 36.61 |
09-Jul-24 | 154.50 | 470.44 | 176.88 | 229.92 |
Last Updated: 10 July 2024 11:03 AM by 5Paisa
Last Updated: 9th July 2024, 17:46 PM by 5paisa
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 |
Ganesh Green Bharat IPO Reservation
Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
---|---|---|---|---|
QIB | 154.50 | 1,238,400 | 19,13,33,400 | 3,635.33 |
NII (HNI) | 470.44 | 929,400 | 43,72,23,000 | 8,307.24 |
Retail | 176.88 | 2,168,400 | 38,35,37,400 | 7,287.21 |
Total | 229.92 | 4,402,200 | 1,01,21,49,000 | 19,230.83 |
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
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 |
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.
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FAQs
Ganesh Green Bharat IPO opens from 5th July to 9th July 2024.
The size of Ganesh Green Bharat IPO is ₹125.23 Cr.
The price band of Ganesh Green Bharat IPO is fixed at ₹181 to ₹190 per share.
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.
The minimum lot size of Ganesh Green Bharat IPO is 600 shares and the investment required is ₹1,14,000.
The share allotment date of Ganesh Green Bharat IPO is 10th July 2024
The Ganesh Green Bharat IPO will be listed on 12th July 2024.
Hem Securities Limited is the book-running lead manager for 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 Information
Ganesh Green Bharat
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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