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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 ₹190.00 per share . The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,08,600 (600 shares). The minimum lot size investment for 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 Date | July 5, 2024 to July 9, 2024 |
| Listing Date | July 12, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹181 to ₹190 per share |
| Issue Price Final | ₹190 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 65,91,000 shares (aggregating up to ₹125.23 Cr) |
| Reserved for Market Maker | 3,31,200 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹6.29 Cr) |
| Net Offered to Public | 62,59,800 shares (aggregating up to ₹118.94 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,82,10,000 shares |
| Share Holding Post Issue | 2,48,01,000 shares |
Ganesh Green Bharat IPO offers total 65,91,000 shares. Out of which 30,96,000 (46.97%) allocated to QIB, 12,38,400 (18.79%) allocated to QIB (Ex- Anchor), 9,29,400 (14.10%) allocated to NII, 21,68,400 (32.90%) allocated to RII and 18,57,600 (28.18%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,31,200 (5.03%) |
| QIB Shares Offered | 30,96,000 (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 (14.10%) |
| Retail Shares Offered | 21,68,400 (32.90%) |
| Employee Shares Offered | 66,000 (1.00%) |
| Total Shares Offered | 65,91,000 (100.00%) |
| 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 |
Ganesh Green Bharat IPO raises ₹35.29 crore from anchor investors. Ganesh Green Bharat IPO Anchor bid date is July 4, 2024. Ganesh Green Bharat IPO Anchor Investors list
| Bid Date | July 4, 2024 |
| Shares Offered | 18,57,600 |
| Anchor Portion Size (In Cr.) | 35.29 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 9, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 8, 2024 |
Ganesh Green Bharat IPO opens on July 5, 2024, and closes on July 9, 2024.
| IPO Open Date | Fri, Jul 5, 2024 |
| IPO Close Date | Tue, Jul 9, 2024 |
| Tentative Allotment | Wed, Jul 10, 2024 |
| Initiation of Refunds | Thu, Jul 11, 2024 |
| Credit of Shares to Demat | Thu, Jul 11, 2024 |
| Tentative Listing Date | Fri, Jul 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jul 9, 2024 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) 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 |
| HNI (Min) | 2 | 1,200 | ₹2,28,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 15,029.82 | 8,786.05 | 8,835.50 |
| Total Income | 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 and Surplus | 3,906.64 | 3,402.91 | 2,587.34 |
| Total Borrowing | 5,370.17 | 2,738.89 | 2,247.06 |
| Amount in ₹ Lakhs | |||
The market capitalization of Ganesh Green Bharat IPO is ₹509.22 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 11.99 | 8.15 |
| P/E (x) | 15.85 | 23.33 |
The company proposes to utilise the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is engaged in solar, electrical goods, and water supply scheme related business and service providing. It posted inconsistency in its top lines for the reported periods, but marked sudden boost for FY24 in its top and bottom lines. Based on super earnings for FY24, the issue appears fully priced. Off late rising fancy for these segments from the investors have boosted such counters on the bourses. This company is poised for bright prospects ahead. Investors may park funds for the medium to long term. Read detail review...
| Listing Date | July 12, 2024 |
| BSE Script Code | |
| NSE Symbol | GGBL |
| ISIN | INE0R8C01018 |
| Final Issue Price | ₹190 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹190.00 |
| Open | ₹398.00 |
| Low | ₹398.00 |
| High | ₹398.00 |
| Last Trade | ₹398.00 |
Ganesh Green Bharat Ltd.
F-202. S.G.
Business Hub
S.G. Highway
Ahmedabad, Gujarat, 382470
Phone: +91-79-29703080
Email: cs@ganeshgreen.com
Website: https://ganeshgreen.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: ggbl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Ganesh Green Bharat IPO is a SME IPO of 65,91,000 equity shares of the face value of ₹10 aggregating up to ₹125.23 Crores. The issue is priced at ₹190 per share. The minimum order quantity is 600.
The IPO opens on July 5, 2024, and closes on July 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 July 5, 2024 and closes on July 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 Thursday, July 11, 2024. Check the Ganesh Green Bharat IPO allotment status.
The Ganesh Green Bharat IPO listing date is on Friday, July 12, 2024.
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