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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 ₹83.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,24,800 (1600 shares). The minimum lot size investment for 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 Date | November 29, 2024 to December 3, 2024 |
| Listing Date | December 6, 2024 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹78 to ₹83 per share |
| Issue Price Final | ₹83 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,18,76,800 shares (aggregating up to ₹98.58 Cr) |
| Reserved for Market Maker | 11,87,200 shares Rikhav Securities Ltd. (aggregating up to ₹9.85 Cr) |
| Net Offered to Public | 1,06,89,600 shares (aggregating up to ₹88.72 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 3,08,44,597 shares |
| Share Holding Post Issue | 4,27,21,397 shares |
Ganesh Infraworld IPO offers total 1,18,76,800 shares. Out of which 53,40,800 (44.97%) allocated to QIB, 21,37,600 (18.00%) allocated to QIB (Ex- Anchor), 16,04,800 (13.51%) allocated to NII, 37,44,000 (31.52%) allocated to RII and 32,03,200 (26.97%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 11,87,200 (10.00%) |
| QIB Shares Offered | 53,40,800 (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 (13.51%) |
| Retail Shares Offered | 37,44,000 (31.52%) |
| Total Shares Offered | 1,18,76,800 (100.00%) |
Ganesh Infraworld IPO raises ₹26.59 crore from anchor investors. Ganesh Infraworld IPO Anchor bid date is November 28, 2024. Ganesh Infraworld IPO Anchor Investors list
| Bid Date | November 28, 2024 |
| Shares Offered | 32,03,200 |
| Anchor Portion Size (In Cr.) | 26.59 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 3, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 4, 2025 |
Ganesh Infraworld IPO opens on November 29, 2024, and closes on December 3, 2024.
| IPO Open Date | Fri, Nov 29, 2024 |
| IPO Close Date | Tue, Dec 3, 2024 |
| Tentative Allotment | Wed, Dec 4, 2024 |
| Initiation of Refunds | Thu, Dec 5, 2024 |
| Credit of Shares to Demat | Thu, Dec 5, 2024 |
| Tentative Listing Date | Fri, Dec 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Dec 3, 2024 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,32,800 |
| Retail (Max) | 1 | 1,600 | ₹1,32,800 |
| HNI (Min) | 2 | 3,200 | ₹2,65,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Ganesh Infraworld Limited's revenue increased by 116% and profit after tax (PAT) rose by 198% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 12,006.17 | 17,725.32 | 4,266.89 | 2,529.77 |
| Total Income | 21,232.86 | 29,181.12 | 13,504.85 | 8,115.46 |
| Profit After Tax | 1,537.2 | 1,554.47 | 520.92 | 188.75 |
| Net Worth | 6,617.24 | 3,720.04 | 1,515.22 | 819.44 |
| Reserves and Surplus | 5,075.01 | 2,622.26 | ||
| Total Borrowing | 1,033.02 | 3,072.42 | 708.96 | 304.99 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Ganesh Infraworld IPO is ₹354.59 Cr.
KPI as of Sat, Aug 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 5.04 | 8.64 |
| P/E (x) | 16.47 | 9.61 |
The Company intends to utilize the gross proceeds raised through the Issue for the following objectives:
[Dilip Davda] The company is engaged in EPC contracts for residential/commercial/industrial projects, railway infra, road constructions, water distribution, power projects etc. It has posted growth in its top and bottom lines for the reported periods. As of August 31, 2024, it had an order book worth Rs. 574+ cr. Based on its latest financial data, the issue appears fully priced. Investors may park funds for medium to long term. Read detail review...
| Listing Date | December 6, 2024 |
| BSE Script Code | |
| NSE Symbol | GANESHIN |
| ISIN | INE0TVT01024 |
| Final Issue Price | ₹83 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹83.00 |
| Open | ₹157.70 |
| Low | ₹157.70 |
| High | ₹165.55 |
| Last Trade | ₹165.55 |
Ganesh Infraworld Ltd.
Godrej Genesis, 906, 9th Floor, Street No. 18,
Block - EP&GP, Sector-V, Salt Lake, Bidhan Nagar,
CK Market, North 24 Parganas, Saltlak
Kolkata, West Bengal, 700091
Phone: +91-33 4604 1066
Email: cs@ganeshinfraworld.com
Website: https://ganeshinfraworld.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: ganeshinfraworld.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Ganesh Infraworld IPO is a SME IPO of 1,18,76,800 equity shares of the face value of ₹5 aggregating up to ₹98.58 Crores. The issue is priced at ₹83 per share. The minimum order quantity is 1600.
The IPO opens on November 29, 2024, and closes on December 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 November 29, 2024 and closes on December 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 Thursday, December 5, 2024. Check the Ganesh Infraworld IPO allotment status.
The Ganesh Infraworld IPO listing date is on Friday, December 6, 2024.
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