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Ganesh Green Bharat Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE SME SME Live Chart
Issue Price
₹190
Per Share
GMP
NIL
Grey Market
Est. Listing
₹190
Expected Price
Min. Application
₹228,000
2 lots × 600 shares
IPO Issue Details
Issue Price / Price Band₹190 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size600 Shares per Lot
Total Issue Size65,91,000 shares (aggregating up to ₹125.23 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 05 Jul 2024
Subscription CloseTue, 09 Jul 2024
Anchor AllotmentThu, 04 Jul 2024
Basis of AllotmentWed, 10 Jul 2024
Initiation of RefundsThu, 11 Jul 2024
Credit of Shares to DematThu, 11 Jul 2024
Listing DateFri, 12 Jul 2024
UPI Mandate Deadline2024-07-09
Application & Investment Details
Retail — Min (1 Lots)₹1,14,000 — 600 shares
Retail — Max (13 Lots)₹1,482,000 (13 Lots)
HNI — Min (2 Lots)₹2,28,000 — 1200 shares
EPS (Pre-IPO)₹11.99
EPS (Post-IPO)₹8.15
P/E Ratio (Pre-IPO)15.85x
P/E Ratio (Post-IPO)23.33x
Net Offer to Public62,59,800 shares (aggregating up to ₹118.94 Cr)
Reserved for Market Maker3,31,200 shares (aggregating up to ₹6.29 Cr)
Pre-IPO Promoter Holding1,82,10,000 shares
Post-IPO Promoter Holding2,48,01,000 shares
About Ganesh Green Bharat Ltd.

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:10 work orders for Solar System & Allied Services7 work orders for Electrical contracting services1 work order for Water Supply Scheme ProjectsThe 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.

Objects of the Issue

Ganesh Green Bharat Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
Repayment in full or in part, of certain of the outstanding borrowings;
2
Funding Capital Expenditure towards installation of additional plant and machinery at the factory
3
Funding to meet working capital requirements
4
General Corporate Purpose.
Shareholding & Lock-in
Pre-IPO Promoter Holding 1,82,10,000 shares
Post-IPO Promoter Holding 2,48,01,000 shares
Check AllotmentCheck Status →
Ganesh Green Bharat Ltd. — Live Price LIVE
₹190.00
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Issue ₹190.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹190
GMPNIL
Est. Listing₹190
Lot Size600 shares
Min Amount₹228,000
Listing Date12 Jul 2024
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹190
Listing Date12 Jul 2024
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 331,200 ₹6.29 Cr
TOTAL 6,591,000 100.00% ₹125.23 Cr
* Based on ₹190.00 (upper price band)
Lot Size & Investment Details
Lot Size
600
Shares
Issue Price
₹190.00
Per Share
Min Investment
₹114,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 600 ₹114,000
Retail (Max) 13 7,800 ₹1,482,000
sNII (Min) 14 8,400 ₹1,596,000
bNII (Min) 68 40,800 ₹7,752,000
Company Financials — Restated Consolidated (Amount in ₹ Lakhs)
Particulars31 Mar 202431 Mar 202331 Mar 2022
Revenue from Operations 17196.48 9059.53 10612.10
EBITDA N/A N/A N/A
Profit After Tax (PAT) 2183.02 815.57 520.75
Net Worth 5727.64 2707.34 2707.34
Total Assets 15029.82 8786.05 8835.50
Reserves & Surplus 3906.60 3402.91 2587.34
Total Borrowings 5370.17 2738.89 2247.06
Key Ratios & Valuation
Issue Price ₹190
Face Value ₹10 Per Share
P/BV 0.00
RoE 46.42%
RoCE 29.98%
RoNW 34.72%
PAT Margin (%) 11.69%
EBITDA Margin (%) N/A
Debt / Equity 0.94
Company Details
Company
Ganesh Green Bharat Ltd.
Exchange
NSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
F-202. S.G. Business Hub S.G. Highway Ahmedabad, Gujarat, 382470
Book Running Lead Managers
Hem Securities Ltd
Book Running Lead Manager (BRLM)