Ganesh Infraworld IPO

NiftyTrader • November 23, 2024

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Ganesh Infraworld IPO opens for subscription on November 29, 2024 and closes on December 3, 2024. The allotment for the Ganesh Infraworld IPO is expected to be finalized on Wednesday, December 4, 2024. Ganesh Infraworld IPO will list on NSE SME with tentative listing date fixed as Friday, December 6, 2024.

Ganesh Infraworld IPO price band is set at ₹78 to ₹83 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹132,800. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹265,600.

Ganesh Infraworld IPO is a book built issue of Rs 98.58 crores. The issue is entirely a fresh issue of 118.77 lakh shares.

Ganesh Infraworld IPO Details

IPO Date	November 29, 2024 to December 3, 2024
Listing Date	[.]
Face Value	₹5 per share
Price	₹78 to ₹83 per share
Lot Size	1600 Shares
Total Issue Size	11,876,800 shares (aggregating up to ₹98.58 Cr)
Fresh Issue	11,876,800 shares (aggregating up to ₹98.58 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	30,844,597
Shareholding post-issue	42,721,397
Market Maker portion	1,187,200 shares

Ganesh Infraworld IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

Ganesh Infraworld IPO Objectives

The Company intends to utilize the gross proceeds raised through the Issue for the following objectives:

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

About Ganesh Infraworld

Incorporated in 2017, Ganesh Infraworld is a construction company that provides construction-related services. The company specialises in industrial, civil, residential, and commercial buildings, road construction, railway, power, and water distribution projects across India.

The company’s business can be divided into three segments

Civil and electrical infrastructure projects;
Road and rail infrastructure development projects; and
Water infrastructure development projects.

The company provides engineering, procurement, and construction (EPC) services. It covers all parts of the construction process, including planning, design, and building. This includes mechanical, electrical, civil, and industrial services and supplying materials needed for these tasks.

The clients include various construction companies, such as Magnum Ventures Limited, Raikela Iron Ore Mines, JD Cables Private Limited, Celica Motocorp Private Limited, Jain International Power Limited, and Nirmala Developers, for whom the company has provided contractual services.

Ganesh Infraworld operates in various states, including Rajasthan, Uttar Pradesh, Maharashtra, Odisha, Haryana, Jharkhand, Bihar, Jammu & Kashmir, Andhra Pradesh and Chhattisgarh.

As of August 31, 2024, the company had 41 active projects valued at about Rs 57,485.53 lakhs. These projects are spread across 13 different states and sectors.

Competitive Strength:

Experienced management team with solid industry knowledge.
Partnerships with reputable companies nationwide to capitalize on emerging infrastructure development opportunities.
Strong order book from large engineering and construction companies with repeat orders
Effective management of working capital, thereby optimizing financial efficiency.

As of August 31, 2024, the company has 42 department employees.

Ganesh Infraworld Financial Information

Period Ended	31 Aug 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	12,006.17	17,725.32	4,266.89	2,529.77
Revenue	21,232.86	29,181.12	13,504.85	8,115.46
Profit After Tax	1,537.2	1,554.47	520.92	188.75
Net Worth	6,617.24	3,720.04	1,515.22	819.44
Reserves and Surplus	5,075.01	2,622.26
Total Borrowing	1,033.02	3,072.42	708.96	304.99
				Amount in ₹ Lakhs

Ganesh Infraworld IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net Issue
Retail Shares Offered	Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Net Issue

Ganesh Infraworld IPO Timeline (Tentative Schedule)

Ganesh Infraworld IPO opens on November 29, 2024, and closes on December 3, 2024.

IPO Open Date	Friday, November 29, 2024
IPO Close Date	Tuesday, December 3, 2024
Basis of Allotment	Wednesday, December 4, 2024
Initiation of Refunds	Thursday, December 5, 2024
A credit of Shares to Demat	Thursday, December 5, 2024
Listing Date	Friday, December 6, 2024
Cut-off time for UPI mandate confirmation	5 PM on December 3, 2024