Bookbuilding IPO | ₹125 Cr | Listed at NSE SME | Fri, Jul 5, 2024 - Tue, Jul 9, 2024
Ganesh Green Bharat IPO is a book build issue of ₹125.23 crores. The issue is entirely a fresh issue of 0.66 crore shares of ₹125.23 crore.
Ganesh Green Bharat IPO bidding started from Jul 5, 2024 and ended on Jul 9, 2024. The allotment for Ganesh Green Bharat IPO was finalized on Jul 10, 2024. The shares got listed on NSE SME on Jul 12, 2024.
Ganesh Green Bharat IPO price band is set at ₹190 per share. The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,14,000 (600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,200 shares), amounting to ₹2,28,000.
The issue includes a reservation of up to 66,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Hem Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Ganesh Green Bharat IPO RHP for detailed Information.
IPO Open
Fri, Jul 5, 2024
IPO Close
Tue, Jul 9, 2024
Issue Price
₹190 per share
Market Cap (Pre-IPO)
₹509.22 Cr
| IPO Date | 5 to 9 Jul, 2024 |
| Listed on | Fri, Jul 12, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹181 to ₹190 |
| Issue Price | ₹190 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 65,91,000 shares (agg. up to ₹125 Cr) |
| Reserved for Market Maker | 3,31,200 shares Hem Finlease Pvt.Ltd. (agg. up to ₹6 Cr) |
| Fresh Issue (Ex Market Maker) | 62,59,800 shares (agg. up to ₹119 Cr) |
| Net Offered to Public | 62,59,800 shares (agg. up to ₹119 Cr) |
| Share Holding Pre Issue | 1,82,10,000 shares |
| Share Holding Post Issue | 2,48,01,000 shares |
| NSE Symbol | GGBL |
| ISIN | INE0R8C01018 |
Ganesh Green Bharat IPO comprises a total issue size of 65,91,000 shares. The net offer to the public is 61,93,800 shares, after excluding 3,31,200 shares allotted on a firm basis and 66,000 shares under a preferential allotment. Of the Net offer 30,96,000 (49.99%) are allocated to QIB, 9,29,400 (15.01%) allocated to NII 21,68,400 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 30,96,000 | 49.99% | 46.97% |
| − Anchor Investor Shares Offered | 18,57,600 | 28.18% | |
| − QIB (Ex. Anchor) Shares Offered | 12,38,400 | 18.79% | |
| NII (HNI) Shares Offered | 9,29,400 | 15.01% | 14.10% |
| Retail Shares Offered | 21,68,400 | 35.01% | 32.90% |
| Preferential Reservations | |||
| Employee Shares Offered | 66,000 | 1.00% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,31,200 | 5.03% | |
| Total Shares Offered | 65,91,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,14,000 |
| Retail (Max) | 1 | 600 | ₹1,14,000 |
| HNI (Min) | 2 | 1,200 | ₹2,28,000 |
Ganesh Green Bharat IPO raises ₹35.29 crore from anchor investors. Ganesh Green Bharat IPO Anchor bid date is July 4, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jul 4, 2024 |
| Shares Offered | 18,57,600 |
| Anchor Portion (₹ Cr.) | 35.29 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Aug 9, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Oct 8, 2024 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in April 2016, Ganesh Green Bharat Limited is an Electrical Contracting Service company. The company offers a range of services including the supply, installation, testing, and commissioning (SITC) of solar and electrical goods and services to various government bodies.
The company has completed projects under various government schemes, such as the Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna. Additionally, we have ventured into designing, building, installing, operating, and maintaining water supply projects like the Mukhya Mantri Nishchay Quality Affected Yojna, and Har Ghar Jal (Jal Jeevan Mission).
As of March 31, 2024, the company's Order Book includes:
The company has a team of 10 engineers supported by third-party consultants and industry experts to ensure compliance with industry and government standards.
The company's clients include government departments of eight states, such as Gujarat Industrial Development Corporation (GIDC), Ahmedabad Municipal Corporation (AMC), Rajasthan Renewable Energy Corporation Limited (RRECL), and several others. It also sells Solar PV modules to private sector organizations.
As of March 31, 2024, the company had around 39 employees and contract labor at its project sites.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 150.30 | 87.86 | 88.36 |
| Total Income | 171.96 | 90.60 | 106.12 |
| Profit After Tax | 21.83 | 8.16 | 5.21 |
| NET Worth | 57.28 | 27.07 | 27.07 |
| Reserves and Surplus | 39.07 | 34.03 | 25.87 |
| Total Borrowing | 53.70 | 27.39 | 22.47 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment in full or in part, of certain of the outstanding borrowings; | 19.00 |
| 2 | Funding Capital Expenditure towards installation of additional plant and machinery at the factory | 11.52 |
| 3 | Funding to meet working capital requirements | 60.00 |
| 4 | General Corporate Purpose | 26.90 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 46.42% |
| ROCE | 29.98% |
| Debt/Equity | 0.94 |
| RoNW | 34.72% |
| PAT Margin | 11.69% |
| Price to Book Value | 0.00 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.99 | 8.15 |
| P/E (x) | 15.85 | 23.33 |
| Promoter Holding | 100% | 73.42% |
| Market Cap | ₹509.22 Cr. |
The Ganesh Green Bharat IPO is subscribed 229.92 times on July 9, 2024 6:19:55 PM (Day 3). The public issue subscribed 176.88 times in the retail category, 154.5 times in the QIB category, and 470.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 154.5 | 12,38,400 | 19,13,33,400 |
| NII* | 470.44 | 9,29,400 | 43,72,23,000 |
| Retail | 176.88 | 21,68,400 | 38,35,37,400 |
| Total | 229.92 | 44,02,200 | 1,01,21,49,000 |
Total Application : 6,39,229
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting fees | 1.62 |
| 2 | Fees Payable to Registrar to the Issue | 0.05 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.50 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.35 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.03 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.08 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, and Miscellaneous Expenses) | 5.19 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹190.00 |
| Open | ₹361.00 |
| Low | ₹361.00 |
| High | ₹379.05 |
| Last Trade | ₹379.05 |
Lead Manager Reports
Ganesh Green Bharat IPO is a SME IPO of 65,91,000 equity shares of the face value of ₹10 aggregating up to ₹125 Crores. The issue is priced at ₹190 per share. The minimum order quantity is 600.
The IPO opens on Fri, Jul 5, 2024, and closes on Tue, Jul 9, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ganesh Green Bharat IPO using UPI as a payment gateway. Zerodha customers can apply in Ganesh Green Bharat IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ganesh Green Bharat IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ganesh Green Bharat IPO opens on Fri, Jul 5, 2024 and closes on Tue, Jul 9, 2024.
Ganesh Green Bharat IPO lot size is 600, and the minimum amount required for application is ₹1,14,000.
You can apply in Ganesh Green Bharat IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Ganesh Green Bharat IPO will be done on Wednesday, July 10, 2024, and the allotted shares will be credited to your demat account by Thu, Jul 11, 2024. Check the Ganesh Green Bharat IPO allotment status.
The Ganesh Green Bharat IPO listing date is on Fri, Jul 12, 2024.
