Ganesh Green Bharat Limited‘s (IPO) opens on July 5, 2024, and closes on July 9, 2024. The allotment for the Ganesh Green Bharat Limited IPO is anticipated to be completed on Wednesday, July 10, 2024. The IPO will be listed on the NSE and SME, with a tentative listing date set for Friday, July 12, 2024.
The Ganesh Green Bharat Limited IPO’s price band is Rs 181 to 190 per share. The IPO is a book-built issue of Rs 125.23 crores, entirely a fresh issue of 65.91 lakh shares.
Ganesh Green Bharat IPO Details
| IPO Date | July 5, 2024 to July 9, 2024 |
| Listing Date | [.] |
| Face Value | Rs 10 per share |
| Price | ₹181 to ₹190 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 6,591,000 shares (aggregating up to ₹125.23 Cr) |
| Fresh Issue | 6,591,000 shares (aggregating up to ₹125.23 Cr) |
| Offer for Sale | 11,428,839 shares of Rs 10 (aggregating up to Rs 1,152.03 Cr |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre-issue | 18,210,000 |
| Shareholding post issue | 24,801,000 |
| Market Maker portion | 331,200 shares |
Ganesh Green Bharat IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 600 | ₹114,000 |
| Retail (Max) | 1 | 600 | ₹114,000 |
| HNI (Min) | 2 | 1200 | ₹228,000 |
Ganesh Green Bharat IPO Objectives
The objectives of the Issue are:
- Repayment in full or in part, of certain of the outstanding borrowings.
- Funding Capital Expenditure towards the installation of additional plant and machinery at the factory.
- Funding to meet working capital requirements.
- General Corporate Purpose.
About Ganesh Green Bharat Limited
Ganesh Green Bharat Ltd, incorporated in 2016, excels in electrical contracting services, including the supply, installation, testing, and commissioning (SITC) of solar and electrical goods for government bodies. We’ve successfully executed projects under the Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna. Additionally, we design, build, install, operate, and maintain water supply projects like the Mukhya Mantri Nishchay Quality Affected Yojna and Har Ghar Jal (Jal Jeevan Mission). As of March 31, 2024, our Order Book includes 10 work orders for Solar System & Allied Services, underscoring our commitment to sustainable infrastructure development.
Ganesh Green Bharat Limited Financial Information
Ganesh Green Bharat Limited’s revenue increased by 89.82% and profit after tax (PAT) rose by 167.67% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 15,029.82 | 8,786.05 | 8,835.50 |
| Revenue | 17,196.48 | 9,059.53 | 10,612.10 |
| Profit After Tax | 2,183.02 | 815.57 | 520.75 |
| Net Worth | 5,727.64 | 2,707.34 | 2,707.34 |
| Reserves and Surplus | 3,906.64 | 3,402.91 | 2,587.34 |
| Total Borrowing | 5,370.17 | 2,738.89 | 2,247.06 |
Ganesh Green Bharat IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Ganesh Green Bharat IPO Timeline
Ganesh Green Bharat IPO opens on July 5, 2024, and closes on July 9, 2024.
| IPO Open Date | Friday, July 5, 2024 |
| IPO Close Date | Tuesday, July 9, 2024 |
| Basis of Allotment | Wednesday, July 10, 2024 |
| Initiation of Refunds | Thursday, July 11, 2024 |
| A credit of Shares to Demat | Thursday, July 11, 2024 |
| Listing Date | Friday, July 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 9, 2024 |
Conclusion
Ganesh Green Bharat Limited’s IPO, opening July 5, 2024, aims to raise ₹125.23 crores through a price band of ₹181 to ₹190 per share. With a minimum lot size of 600 shares and listing on NSE SME on July 12, 2024, the company specializes in electrical contracting and solar installations, boasting a robust order book from government projects. Investors can expect a focused entry into India’s renewable energy sector with this offering.
