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 DateJuly 5, 2024 to July 9, 2024
Listing Date[.]
Face ValueRs 10 per share
Price₹181 to ₹190 per share
Lot Size600 Shares
Total Issue Size6,591,000 shares
(aggregating up to ₹125.23 Cr)
Fresh Issue6,591,000 shares
(aggregating up to ₹125.23 Cr)
Offer for Sale11,428,839 shares of Rs 10
(aggregating up to Rs 1,152.03 Cr
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Shareholding pre-issue18,210,000
Shareholding post issue24,801,000
Market Maker portion331,200 shares

Ganesh Green Bharat IPO Lot Size

Retail (Min)1600₹114,000
Retail (Max)1600₹114,000
HNI (Min)21200₹228,000

Ganesh Green Bharat IPO Objectives

The objectives of the Issue are:

  1. Repayment in full or in part, of certain of the outstanding borrowings.
  2. Funding Capital Expenditure towards the installation of additional plant and machinery at the factory.
  3. Funding to meet working capital requirements.
  4. 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 Ended31 Mar 202431 Mar 202331 Mar 2022
Profit After Tax2,183.02815.57520.75
Net Worth5,727.642,707.342,707.34
Reserves and Surplus3,906.643,402.912,587.34
Total Borrowing5,370.172,738.892,247.06

Ganesh Green Bharat IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
NII (HNI) Shares OfferedNot 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 DateFriday, July 5, 2024
IPO Close DateTuesday, July 9, 2024
Basis of AllotmentWednesday, July 10, 2024
Initiation of RefundsThursday, July 11, 2024
A credit of Shares to DematThursday, July 11, 2024
Listing DateFriday, July 12, 2024
Cut-off time for UPI mandate confirmation5 PM on July 9, 2024


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.

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