Ganesh Green Bharat Limited IPO
Ganesh Green Bharat Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹181–₹190 per share. The stock debuted at ₹361, delivering a listing gain of 90.0%. The IPO had a lot size of ₹600 shares and a minimum investment of ₹1,14,000.
Ganesh Green Bharat Limited IPO
- IPO Dates
- Jul 5, 2024 – Jul 9, 2024
- Price band
- ₹181-190 per equity share
- Minimum Investment
- ₹1,14,000
- Issue size
- ₹125.23 Cr
- Lot size
- 600
- Allotment Date
- Jul 10, 2024
- Listing
- Jul 12, 2024
- Listing At
- NSE SME
IPO timeline
-
Jul 5, 2024
Open Date
Completed
-
Jul 9, 2024
Close Date
Completed
-
Jul 10, 2024
Allotment Date
Completed
-
Jul 12, 2024
Listing Date
Completed
Ganesh Green Bharat Limited IPO Essentials
Ganesh Green Bharat Limited IPO Details
Ganesh Green Bharat Limited IPO is priced at ₹181-190 per share with a total issue size of 125.23 crore. The IPO has a lot size of 600 shares and is listed on NSE SME.
- Issue price
- ₹181-190 per equity share
- Lot size
- 600 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 6,591,000 shares(aggregating up to ₹125.23 Cr)
- Total issue size
- 65,91,000 shares
(aggregating up to ₹125.23 crore) - Fresh issue
- 65,91,000 shares
(aggregating up to ₹125.23 crore) - Listing at
- NSE SME
- List price
- 361.0
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Hem Securities Limited
Market Lot Size
Investors can bid for a minimum of 600 shares and in multiples thereof. The following 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 | 600 | ₹1,14,000 |
| Retail(max) | 1 | 600 | ₹1,14,000 |
| NII (min) | 2 | 1,200 | ₹2,28,000 |
Ganesh Green Bharat Limited IPO Reservation
Ganesh Green Bharat Limited IPO reservation details show category-wise allocation of shares. Out of the total 6,591,000 shares, approximately 18.79% are reserved for QIB, 14.1% for NII, 32.9% for retail investors, 5.03% for market maker, and 28.18% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,857,600 (28.18%) | |
| Market Maker Shares Offered | 331,200 (5.03%) | |
| QIB Shares Offered | 1,238,400 (18.79%) | |
| NII (HNI) Shares Offered | 929,400 (14.1%) | |
| Retail Shares Offered | 2,168,400 (32.9%) | |
| Total Shares Offered | 6,591,000 (100%) |
Ganesh Green Bharat Limited IPO Analytics
Ganesh Green Bharat Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Ganesh Green Bharat Limited IPO Subscription Status
Ganesh Green Bharat Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,238,400 / 929,400 | 2,168,400 | 4,402,200 |
|
Day 1
05-07-24 06:00 PM
|
(5.79 / 8.56) x | 18.86 x | 12.73 x |
|
Day 2
08-07-24 06:00 PM
|
(12.03 / 29.15) x | 54.94 x | 36.61 x |
|
Day 3
09-07-24 06:00 PM
|
(154.50 / 470.44) x | 176.88 x | 229.92 x |
Ganesh Green Bharat Limited Valuations
Earnings
- EPS Pre IPO
- ₹11.99/-
- EPS Post IPO
- ₹8.15/-
- P/E Pre IPO
- 15.85
- P/E Post IPO
- 23.33
Returns
- ROE
- 46.42%
- ROCE
- 29.98%
- RoNW
- 34.72%
- PAT Margin
- 11.69
Fundamentals
- Debt / Equity
- 0.94
- Price / Book
- 0.00
Ganesh Green Bharat Limited Financials( In Lakhs)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| 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 & Surplus | 3,906.64 | 3,402.91 | 2,587.34 |
| Total Borrowing | 5,370.17 | 2,738.89 | 2,247.06 |
Ganesh Green Bharat Limited Company & Offer Insights
About Ganesh Green Bharat Limited
Incorporated in April 2016, Ganesh Green Bharat Limited is a provider of electrical contracting services. Among the numerous services offered to several government organizations include supply, installation, testing, and commissioning (SITC) of solar as well as electrical goods and services.
The company has executed projects under different government schemes, including the Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna. We have also forayed into designing, building, installing, operating, and maintaining water supply projects such as Mukhya Mantri Nishchay Quality Affected Yojna, and Har Ghar Jal (Jal Jeevan Mission).
The Order Book of the company as of March 31, 2024, consists of:
10 work orders for Solar System & Allied Services
7 work orders for Electrical contracting services
1 work order for Water Supply Scheme Projects
The organization has 10 engineers supported by third-party consultants and industry experts to ensure industry and government compliance.
The company's clients include the government departments of eight states, such as Gujarat Industrial Development Corporation (GIDC), Ahmedabad Municipal Corporation (AMC), Rajasthan Renewable Energy Corporation Limited (RRECL), and many more. It also sells Solar PV modules to private sector organizations.
As of March 31, 2024, the company had approximately 39 employees and contract labor at its project sites.
Ganesh Green Bharat Limited Promoter(s)
Ketanbhai Narsinhbhai Patel, Rajendrakumar Narsinhbhai Patel, Niravkumar Sureshbhai Patel and Shilpaben Ketanbhai Patel are the company's promoters of Ganesh Green Bharat Limited.
Ganesh Green Bharat Limited IPO Issue Objectives
- •
- 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 Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Ganesh Green Bharat Limited | 10.92 | 10.92 | N/A | N/A | 34.72 | N/A | Consolidated |
| Solex Energy Limited | 10.92 | 10.92 | N/A | 133.86 | 18.89 | N/A | Consolidated |
| Waaree Renewable Technologies Limited | 14.22 | 14.22 | N/A | 131.91 | 63.8 | N/A | Consolidated |
| Zodiac Energy Limited | 7.5 | 7.5 | N/A | 94.15 | 23.17 | N/A | Consolidated |
Notes:
- Market Price for the listed peer mentioned above is sourced from stock exchange data dated June 27, 2024, to compute the corresponding financial ratios.
- For Ganesh Green Bharat Limited, the current market price is taken as the issue price of the equity share.
- Further, the P/E Ratio is based on the current market price of the respective scrips.
- The EPS, NAV, RoNW, and Total Income of the company are taken as per the Restated Financial Statement for the Financial Year 2023-24, adjusted for the effect of the Bonus Issue.
- NAV per share is computed as the closing net worth divided by the closing outstanding number of paid-up equity shares, adjusted for the effect of the Bonus Issue.
- RoNW has been computed as net profit after tax divided by closing net worth.
- Net worth has been computed as specified in Regulation 2(1)(hh) of SEBI (ICDR) Regulations, 2018.
Contact Information
Contact Details
Ganesh Green Bharat Limited
+91-79-29703080
F-202. S.G. Business Hub, S.G. Highway Ahmedabad-382470
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Ganesh Green Bharat Limited IPO is a book-built IPO worth ₹125.23 crore. The price band is ₹181–₹190 per share. The IPO opens on Jul 5, 2024 and closes on Jul 9, 2024. It will be listed on NSE SME Platform. Kfin Technologies Limited is the registrar.
The price band of Ganesh Green Bharat Limited IPO is ₹181 to ₹190 per share.
The lot size of Ganesh Green Bharat Limited IPO is 600 shares.
The minimum investment for Ganesh Green Bharat Limited IPO is approximately ₹1,14,000 based on the upper price band .
Ganesh Green Bharat Limited IPO opens on Jul 5, 2024 and closes on Jul 9, 2024.
The allotment date of Ganesh Green Bharat Limited IPO is Jul 10, 2024.
Ganesh Green Bharat Limited IPO is expected to be listed on Jul 12, 2024, on NSE SME Platform.
Ganesh Green Bharat Limited IPO valuation snapshot: P/E 23.33, EPS ₹8.15/-, P/B 0.00, RoNW 34.72%, and market cap N/A.
To apply for Ganesh Green Bharat Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Ganesh Green Bharat Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Ganesh Green Bharat Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Ganesh Green Bharat Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Ganesh Green Bharat Limited IPO allotment status on IPO Ji for quick and easy access.