Bookbuilding IPO | ₹99 Cr | Listed at NSE SME | Fri, Nov 29, 2024 - Tue, Dec 3, 2024
Ganesh Infraworld IPO is a book build issue of ₹98.58 crores. The issue is entirely a fresh issue of 1.19 crore shares of ₹98.58 crore.
Ganesh Infraworld IPO bidding started from Nov 29, 2024 and ended on Dec 3, 2024. The allotment for Ganesh Infraworld IPO was finalized on Dec 4, 2024. The shares got listed on NSE SME on Dec 6, 2024.
Ganesh Infraworld IPO price band is set at ₹83 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,32,800 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,65,600.
Vivro Financial Services Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to Ganesh Infraworld IPO RHP for detailed Information.
IPO Open
Fri, Nov 29, 2024
IPO Close
Tue, Dec 3, 2024
Issue Price
₹83 per share
Market Cap (Pre-IPO)
₹354.59 Cr
| IPO Date | 29 Nov to 3 Dec, 2024 |
| Listed on | Fri, Dec 6, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹78 to ₹83 |
| Issue Price | ₹83 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 1,18,76,800 shares (agg. up to ₹99 Cr) |
| Reserved for Market Maker | 11,87,200 shares Rikhav Securities Ltd. (agg. up to ₹10 Cr) |
| Fresh Issue (Ex Market Maker) | 1,06,89,600 shares (agg. up to ₹89 Cr) |
| Net Offered to Public | 1,06,89,600 shares (agg. up to ₹89 Cr) |
| Share Holding Pre Issue | 3,08,44,597 shares |
| Share Holding Post Issue | 4,27,21,397 shares |
| NSE Symbol | GANESHIN |
| ISIN | INE0TVT01024 |
Ganesh Infraworld IPO comprises a total issue size of 1,18,76,800 shares. The net offer to the public is 1,06,89,600 shares, after excluding 11,87,200 shares allotted on a firm basis. Of the Net offer 53,40,800 (49.96%) are allocated to QIB, 16,04,800 (15.01%) allocated to NII 37,44,000 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 53,40,800 | 49.96% | 44.97% |
| − Anchor Investor Shares Offered | 32,03,200 | 26.97% | |
| − QIB (Ex. Anchor) Shares Offered | 21,37,600 | 18.00% | |
| NII (HNI) Shares Offered | 16,04,800 | 15.01% | 13.51% |
| Retail Shares Offered | 37,44,000 | 35.02% | 31.52% |
| Firm Reservations | |||
| Market Maker Shares Offered | 11,87,200 | 10.00% | |
| Total Shares Offered | 1,18,76,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,32,800 |
| Retail (Max) | 1 | 1,600 | ₹1,32,800 |
| HNI (Min) | 2 | 3,200 | ₹2,65,600 |
Ganesh Infraworld IPO raises ₹26.59 crore from anchor investors. Ganesh Infraworld IPO Anchor bid date is November 28, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Nov 28, 2024 |
| Shares Offered | 32,03,200 |
| Anchor Portion (₹ Cr.) | 26.59 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jan 3, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Mar 4, 2025 |
Incorporated in 2017, Ganesh Infraworld Limited is a construction company offering a wide range of construction-related services. The company specializes in the construction of industrial, civil, residential, and commercial buildings, as well as road, railway, power, and water distribution projects across India.
Key Business Segments:
1. Civil and Electrical Infrastructure Projects
2. Road and Rail Infrastructure Development Projects
3. Water Infrastructure Development Projects
The company provides end-to-end EPC (Engineering, Procurement, and Construction) services, covering planning, design, execution, and material supply for civil, electrical, mechanical, and industrial projects.
Ganesh Infraworld has clients such as Magnum Ventures Limited, Raikela Iron Ore Mines, JD Cables Private Limited, Celica Motocorp Private Limited, Jain International Power Limited, and Nirmala Developers.
Ganesh Infraworld Limited 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.
As of August 31, 2024, the company has 42 department employees.
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 120.06 | 177.25 | 42.67 | 25.30 |
| Total Income | 212.33 | 291.81 | 135.05 | 81.15 |
| Profit After Tax | 15.37 | 15.54 | 5.21 | 1.89 |
| NET Worth | 66.17 | 37.20 | 15.15 | 8.19 |
| Reserves and Surplus | 50.75 | 26.22 | ||
| Total Borrowing | 10.33 | 30.72 | 7.09 | 3.05 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet long-term working capital requirements; and | 70.00 |
| 2 | General Corporate Purposes. | 20.26 |
| KPI | Aug 31, 2024 |
|---|---|
| ROE | 29.74% |
| ROCE | 35.17% |
| Debt/Equity | 0.16 |
| RoNW | 29.74% |
| PAT Margin | 7.24% |
| Price to Book Value | 3.87 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.04 | 8.64 |
| P/E (x) | 16.47 | 9.61 |
| Promoter Holding | 81.84% | 59.09% |
| Market Cap | ₹354.59 Cr. |
The Ganesh Infraworld IPO is subscribed 369.56 times on December 3, 2024 6:19:59 PM (Day 3). The public issue subscribed 274.48 times in the retail category, 163.52 times in the QIB category, and 865.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 163.52 | 21,37,600 | 34,95,34,400 | 121 |
| NII* | 865.82 | 16,04,800 | 1,38,94,68,800 | 63,090 |
| Retail | 274.48 | 37,44,000 | 1,02,76,49,600 | 6,42,281 |
| Total | 369.56 | 74,86,400 | 2,76,66,52,800 | 7,05,492 |
Total Application : 7,05,492
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLM and commission (including selling commission, brokerage and underwriting commission) | 4.37 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Issue and bidding/uploading charges for Members of the Syndicate, Syndicate and Sub-Syndicate Members, Registered Brokers, RTAs and CDPs | 1.74 |
| 3 | Fees payable to the Registrar to the Issue | 0.01 |
| 4 | Listing fees, SEBI filing fees, NSE processing fees and other regulatory expenses | 0.24 |
| 5 | Printing and stationery expenses | 0.08 |
| 6 | Advertising and marketing expenses | 0.24 |
| 7 | Fees payable to legal counsel | 0.11 |
| 8 | Other Expenses (including fees payable to auditor, consultants, IPO advisory fees, market maker, stamp duty and other miscellaneous expenses) | 1.53 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹83.00 |
| Open | ₹157.70 |
| Low | ₹157.70 |
| High | ₹165.55 |
| Last Trade | ₹165.55 |
Lead Manager Reports
Ganesh Infraworld IPO is a SME IPO of 1,18,76,800 equity shares of the face value of ₹5 aggregating up to ₹99 Crores. The issue is priced at ₹83 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Nov 29, 2024, and closes on Tue, Dec 3, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ganesh Infraworld IPO using UPI as a payment gateway. Zerodha customers can apply in Ganesh Infraworld IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ganesh Infraworld IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ganesh Infraworld IPO opens on Fri, Nov 29, 2024 and closes on Tue, Dec 3, 2024.
Ganesh Infraworld IPO lot size is 1600, and the minimum amount required for application is ₹1,32,800.
You can apply in Ganesh Infraworld 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 Infraworld IPO will be done on Wednesday, December 4, 2024, and the allotted shares will be credited to your demat account by Thu, Dec 5, 2024. Check the Ganesh Infraworld IPO allotment status.
The Ganesh Infraworld IPO listing date is on Fri, Dec 6, 2024.
