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Ganesh Green Bharat Limited IPO (Ganesh Green Bharat IPO) Detail

July 5, 2024 - July 9, 2024

Ganesh Green Bharat IPO is a book built issue of Rs 125.23 crores. The issue is entirely a fresh issue of 65.91 lakh shares.

Ganesh Green Bharat IPO bidding started from July 5, 2024 and ended on July 9, 2024. The allotment for Ganesh Green Bharat IPO was finalized on Wednesday, July 10, 2024. The shares got listed on NSE SME on July 12, 2024.

Ganesh Green Bharat IPO price band is set at ₹181 to ₹190 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹114,000. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹228,000.

Hem Securities Limited is the book running lead manager of the Ganesh Green Bharat IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Ganesh Green Bharat IPO is Hem Finlease.

Refer to Ganesh Green Bharat IPO RHP for detailed information.

Ganesh Green Bharat IPO Details

IPO Date July 5, 2024 to July 9, 2024
Listing Date July 12, 2024
Face Value ₹10 per share
Price Band ₹181 to ₹190 per share
Lot Size 600 Shares
Total Issue Size6,591,000 shares
(aggregating up to ₹125.23 Cr)
Fresh Issue6,591,000 shares
(aggregating up to ₹125.23 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue18,210,000
Share holding post issue24,801,000
Market Maker portion331,200 shares
Hem Finlease

Ganesh Green Bharat IPO Reservation

Ganesh Green Bharat IPO offers 6,591,000 shares. 1,238,400 (18.79%) to QIB, 929,400 (14.10%) to NII, 2,168,400 (32.90%) to RII and 1,857,600 (28.18%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered1,857,600 (28.18%)
Market Maker Shares Offered331,200 (5.03%)
QIB Shares Offered1,238,400 (18.79%)
NII (HNI) Shares Offered929,400 (14.10%)
Retail Shares Offered2,168,400 (32.90%)
Total Shares Offered6,591,000 (100%)

Ganesh Green Bharat IPO Anchor Investors Details

Ganesh Green Bharat IPO raises Rs 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 1,857,600
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 Timeline (Tentative Schedule)

Ganesh Green Bharat IPO opens on July 5, 2024, and closes on July 9, 2024.

IPO Open Date Friday, July 5, 2024
IPO Close Date Tuesday, July 9, 2024
Basis of Allotment Wednesday, July 10, 2024
Initiation of Refunds Thursday, July 11, 2024
Credit of Shares to Demat Thursday, July 11, 2024
Listing Date Friday, July 12, 2024
Cut-off time for UPI mandate confirmation 5 PM on July 9, 2024

Ganesh Green Bharat IPO Lot Size

Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 600 ₹114,000
Retail (Max) 1 600 ₹114,000
HNI (Min) 2 1,200 ₹228,000
Lot Size Calculator

Ganesh Green Bharat IPO Promoter Holding

The promoters of the company are Ketanbhai Narsinhbhai Patel, Rajendrakumar Narsinhbhai Patel, Niravkumar Sureshbhai Patel and Shilpaben Ketanbhai Patel

Share Holding Pre Issue 100%
Share Holding Post Issue 73.42%

About Ganesh Green Bharat Limited

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 Services
  • 7 work orders for Electrical contracting services
  • 1 work order for Water Supply Scheme Projects

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 Financial Information (Restated Consolidated)

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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets15,029.828,786.058,835.50
Revenue17,196.489,059.5310,612.10
Profit After Tax2,183.02815.57520.75
Net Worth5,727.642,707.342,707.34
Reserves and Surplus3,906.643,402.912,587.34
Total Borrowing5,370.172,738.892,247.06
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Ganesh Green Bharat IPO is Rs 509.22 Cr.

KPI as of March 31, 2024.

KPI Values
ROE46.42%
ROCE29.98%
Debt/Equity0.94
RoNW34.72%
P/BV0
PAT Margin (%)11.69
Pre IPO Post IPO
EPS (Rs) 11.998.15
P/E (x) 15.8523.33
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (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)

[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...


Ganesh Green Bharat IPO Subscription Status (Bidding Detail)

The Ganesh Green Bharat IPO is subscribed 229.92 times on July 9, 2024 6:19:55 PM. The public issue subscribed 176.88 times in the retail category, 154.50 times in the QIB category, and 470.44 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB154.50
NII470.44
Retail176.88
Total229.92

Total Application : 639,229 (176.88 times)

Ganesh Green Bharat IPO Prospectus

Ganesh Green Bharat IPO Rating

5
3.4
Rating:Rated 3.4 stars
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Ganesh Green Bharat IPO Listing Details

Listing Date July 12, 2024
BSE Script Code
NSE Symbol GGBL
ISIN INE0R8C01018
Final Issue Price ₹190 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹190.00
₹398.00
₹398.00
₹398.00
₹398.00

Check IPO Performance…

Ganesh Green Bharat Limited Contact Details

Ganesh Green Bharat Limited
F-202. S.G. Business Hub
S.G. Highway
Ahmedabad-382470
Phone: +91-79-29703080
Email: cs@ganeshgreen.com
Website: https://ganeshgreen.com/

Ganesh Green Bharat IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: ggbl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Ganesh Green Bharat IPO - Buy or Not

Ganesh Green Bharat IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 4 0 0

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Ganesh Green Bharat IPO FAQs

Ganesh Green Bharat IPO is a SME IPO of 6,591,000 equity shares of the face value of ₹10 aggregating up to ₹125.23 Crores. The issue is priced at ₹181 to ₹190 per share. The minimum order quantity is 600 Shares.

The IPO opens on July 5, 2024, and closes on July 9, 2024.

Kfin Technologies Limited 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Ganesh Green Bharat IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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 Shares, and the minimum amount required is ₹114,000.

You can apply in Ganesh Green Bharat IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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 July 12, 2024.
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