Ganesh Green Bharat Limited IPO
NSE SMEListed On: Jul 12, 2024 at ₹ 361.0
₹ 114000 /600 Shares
Check Allotment05 Jul, 2024
Open Date09 Jul, 2024
Close Date10 Jul, 2024
Allotment Date12 Jul, 2024
Listing DateIssue Price
₹181-190 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Kfin Technologies LimitedList Price
361.0Listing Date
2024-07-12Market Lot
600 Shares (₹114,000/-)Lead Manager
Hem Securities LimitedIssue Size
6,591,000 shares(aggregating up to ₹125.23 Cr)Retail Portion
35%Subscription
229.92 times
The IPO of Ganesh Green Bharat Limited is priced at ₹181-190 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Kfin Technologies Limited is the registrar of the issue.
Ganesh Green Bharat Limited IPO bid opening date is from Jul 5, 2024 and the bid closing date was Jul 9, 2024.
Ganesh Green Bharat Limited IPO allotment result will be available on Jul 10, 2024. The tentative listing date for Ganesh Green Bharat Limited is Jul 12, 2024.
The total issue size is 6,591,000 shares(aggregating up to ₹125.23 Cr).
Ganesh Green Bharat Limited IPO Subscription Details
| 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
EPS Pre IPO
₹11.99/-EPS Post IPO
₹8.15/-P/E Pre IPO
15.85P/E Post IPO
23.33ROE
46.42%ROCE
29.98%Debt/Equity
0.94RoNW
34.72%PAT Margin
11.69Price to Book Value
0.00Ganesh Green Bharat Limited Company Financials All values are in ₹ Lakh
| 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 |
About The Company
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)
Pre Issue Share Holding: 100%
Post Issue Share Holding: 73.42%
- Ketanbhai Narsinhbhai Patel, Rajendrakumar Narsinhbhai Patel, Niravkumar Sureshbhai Patel and Shilpaben Ketanbhai Patel
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.
Other Details
Ganesh Green Bharat Limited
F-202. S.G. Business Hub, S.G. Highway Ahmedabad-382470Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ggbl.ipo@kfintech.com
Ganesh Green Bharat Limited IPO - FAQs
Ans. Ganesh Green Bharat Limited IPO is a SME IPO. The issue is priced at ₹181-190 per equity share. The minimum order quantity is 600 Shares. The IPO opens on Jul 5, 2024, and closes on Jul 9, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Ganesh Green Bharat Limited IPO opens on Jul 5, 2024 and closes on Jul 9, 2024.
Ans. The size of Ganesh Green Bharat Limited IPO is 6,591,000 shares(aggregating up to ₹125.23 Cr).
Ans. The IPO price band is set between ₹181-190 per equity share.
Ans. To apply for Ganesh Green Bharat Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Ganesh Green Bharat Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Ganesh Green Bharat Limited IPO is Jul 10, 2024.
Ans. The Ganesh Green Bharat Limited IPO will be listed on Jul 12, 2024.
Ans. Follow the steps to check the allotment status for Ganesh Green Bharat Limited IPO here.
