Ganesh Green Bharat IPO Details: Ganesh Green Bharat has announced the dates for its upcoming IPO. The IPO subscription period is scheduled to commence on July 5th and will conclude on July 9th. This NSE SME IPO aims to raise ₹125.23 crores. The IPO price band for Ganesh Green Bharat has been set between ₹181 to ₹190 per share, with a market lot size of 600 shares.
Specializing in the supply, installation, testing, and commissioning (SITC) of solar and electrical products and services, Ganesh Green Bharat has undertaken projects under prominent Central and State Government initiatives such as the Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna. The company has also diversified into designing, constructing, installing, operating, and maintaining Water Supply Scheme Projects like the Mukhya Mantri Nishchay Quality Affected Yojna and Har Ghar Jal (Jal Jeevan Mission).
Established initially as a partnership firm in 2016, focusing on electrical contracting services, Ganesh Green Bharat expanded into the renewable energy sector in 2017. They have since grown to become a comprehensive provider of integrated solar energy solutions, offering engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services for various solar applications including home lighting, street lighting, power plants (On-Grid and Off-Grid), highmast lighting, and pumping systems.
Recognized as a Channel Partner by the Ministry of New and Renewable Energy (MNRE) in 2016, Ganesh Green Bharat achieved a significant milestone in 2018 by completing a major project involving 16,486 SPV home lighting systems in Rajasthan through the Rajasthan Renewable Energy Corporation Limited (RRECL).
Further diversification occurred in 2019 when the company began participating in bids for Water Supply Scheme Projects. They are now actively involved in the design, construction, supply, testing, and commissioning of such projects, which involve providing piped water supply and installing polyethylene water storage tanks to deliver drinking water through household tap connections in rural areas, along with all associated infrastructure and operational testing.
Ganesh Green Bharat IPO Objectives:
The company proposes to utilise the Net Proceeds from the Issue towards funding the following objects:
- Repayment in full or in part, of certain of the outstanding borrowings;
- Funding Capital Expenditure towards installation of additional plant and machinery at the factory
- Funding to meet working capital requirements
- General Corporate Purpose.
Ganesh Green Bharat IPO Review (Apply or Not)
- Update soon.
Ganesh Green Bharat IPO Date & Price Band Details:
| IPO Open: | July 5, 2024 |
| IPO Close: | July 9, 2024 |
| IPO Size: | Approx ₹125.23 Crores, 6,591,000 Equity Shares |
| Fresh Issue: | Approx ₹125.23 Crores, 6,591,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹181 to ₹190 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Ganesh Green Bharat IPO Lot Size:
The minimum market lot for the Ganesh Green Bharat IPO consists of 600 shares, requiring an application amount of ₹114,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 600 | ₹114,000 |
| Retail Maximum | 1 | 600 | ₹114,000 |
| S-HNI Minimum | 2 | 1200 | ₹228,000 |
Ganesh Green Bharat IPO Timeline:
The Ganesh Green Bharat IPO is scheduled to open on July 5 and close on July 9. The allotment of IPO shares is expected to take place on July 10, with potential listing on July 12.
| IPO Open Date: | July 5, 2024 |
| IPO Close Date: | July 9, 2024 |
| Basis of Allotment: | July 10, 2024 |
| Refunds: | July 11, 2024 |
| Credit to Demat Account: | July 11, 2024 |
| IPO Listing Date: | July 12, 2024 |
Ganesh Green Bharat IPO GMP Today:
The last Grey Market Premium (GMP) for the Ganesh Green Bharat SME IPO is ₹180. With the IPO price band set at ₹181 to ₹190, and considering the GMP of ₹180, the estimated listing price could be around ₹370 per share (190 + 180). This implies an expected percentage gain of approximately 94.74% per share at the upper end of the price band.
Ganesh Green Bharat Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹106.12 | ₹99.08 | ₹5.21 |
| 2023 | ₹90.60 | ₹79.57 | ₹8.16 |
| 2024 | ₹171.96 | ₹143.60 | ₹21.83 |
Ganesh Green Bharat IPO Valuation – FY2024
Check Ganesh Green Bharat IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹10.92 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 34.72% |
| Net Asset Value (NAV): | ₹31.46 per Equity Share |
Peer Group
- Solex Energy Limited
- Waaree Renewable Technologies Limited
- Zodiac Energy Limited
Company Promoters
- Ketanbhai Narsinhbhai Patel
- Rajendrakumar Narsinhbhai Patel
- Niravkumar Sureshbhai Pate
- Shilpaben Ketanbhai Patel
Ganesh Green Bharat IPO Registrar
KFin Technologies Limited
Tel: +91 40 6716 2222
E-mail: ggbl.ipo@kfintech.com
Website: www.kfintech.com
Ganesh Green Bharat IPO Allotment Status
Check Ganesh Green Bharat IPO allotment status on KFin Technologies website URL. Click Here
Ganesh Green Bharat IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
Ganesh Green Bharat Limited
F – 202. S.G. Business Hub, S.G. Highway,
Ahmedabad- 382470 Gujarat, India
Phone: +91-79-29703080
E-mail: cs@ganeshgreen.com
Website: www.ganeshgreen.com
Ganesh Green Bharat IPO FAQs
1. What is the IPO date for Ganesh Green Bharat?
- The IPO of Ganesh Green Bharat is scheduled to open on July 5 and close on July 9, 2024.
2. What is the price band for Ganesh Green Bharat IPO?
- The price band for Ganesh Green Bharat IPO is set between ₹181 to ₹190 per share.
3. What is the market lot size for Ganesh Green Bharat IPO?
- The minimum market lot size for Ganesh Green Bharat IPO is 600 shares.
4. How much money do I need to apply for Ganesh Green Bharat IPO?
- To apply for the Ganesh Green Bharat IPO, you would need ₹114,000 for the minimum market lot (600 shares at ₹190 per share).
5. When will the IPO allotment of Ganesh Green Bharat take place?
- The IPO allotment date for Ganesh Green Bharat is scheduled for July 10, 2024.
6. When is Ganesh Green Bharat expected to be listed on the stock exchange?
- Ganesh Green Bharat IPO is expected to be listed on July 12, 2024, subject to regulatory approvals.
7. What does Ganesh Green Bharat specialize in?
- Ganesh Green Bharat specializes in the supply, installation, testing, and commissioning of solar and electrical goods and services. They also undertake projects in the renewable energy sector and water supply schemes.
8. How can I check my IPO application status for Ganesh Green Bharat?
- You can check your IPO application status on the website of the registrar to the issue (RTA) or the stock exchange where the IPO is being listed.
9. What are the potential risks associated with investing in Ganesh Green Bharat IPO?
- Investing in IPOs carries risks such as market volatility, company-specific risks, regulatory changes, and economic downturns. It’s important to read the IPO prospectus carefully and consult with financial advisors if needed.
10. Where can I find more information about Ganesh Green Bharat IPO?
- More details about Ganesh Green Bharat IPO can be found in the company’s prospectus, which is available on the websites of the stock exchanges and the company’s official channels.
