Ganesh Green Bharat IPO will open for subscription from 05 July 2024. The company aims for an issue size of ₹125.23 Cr through this IPO.
Company Overview
| Full name | Ganesh Green Bharat Limited |
| Sector | Capital Goods |
| Industry | Electric Equipment |
| Company Website | https://ganeshgreen.com/ |
About Company
Ganesh Green Bharat offers a wide range of services in the supply, installation, testing, and commissioning (SITC) of solar and electrical goods. The company has executed projects for Central and State Government schemes such as Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna. The company’s business is in multiple verticals catering to (i) Solar System & Allied Services, (ii) Electrical contracting services (iii) Water Supply Scheme Projects, and as a manufacturer of solar photovoltaic (PV) modules.
Its subsidiary, Souraj Energy Private Limited, is involved in manufacturing solar photovoltaic (PV) modules with an installed capacity of 192.72 megawatts. As of March 2024, the company has completed 17 work orders for Solar Systems, 7 work orders for Electrical contracting services, and 2 work orders for Water Supply Schemes.
The Objectives of the Issue
- 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 Timetable
| IPO Opening date | 05 July 2024 |
| IPO Closing | 09 July 2024 |
| Basis of Allotment | 10 July 2024 |
| Initiation Refund | 11 July 2024 |
| Credit to Demat Account | 11 July 2024 |
| Listing Date | 12 July 2024 |
Ganesh Green Bharat IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹125.23 Cr – 6,591,000 shares |
| Fresh Issue | ₹125.23 Cr – 6,591,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹181 to ₹190 per share |
| Lot size | 600 Shares |
| Market Maker portion | 331,200 shares |
| Shareholding pre-issue | 18,210,000 |
| Shareholding post-issue | 24,801,000 |
| Listing Exchange | NSE SME |
Ganesh Green Bharat IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹114,000 |
| Retail (Max) | 1 | 600 | ₹114,000 |
| HNI (Min) | 2 | 1,200 | ₹228,000 |
Ganesh Green Bharat Offer Documents
Ganesh Green Bharat Offer Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,857,600 (28.18%) |
| Market Maker Shares Offered | 331,200 (5.03%) |
| QIB Shares Offered | 1,238,400 (18.79%) |
| NII (HNI) Shares Offered | 929,400 (14.10%) |
| Retail Shares Offered | 2,168,400 (32.90%) |
| Total Shares Offered | 6,591,000 (100%) |
Ganesh Green Bharat Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 105.54 | 90.20 | 170.17 |
| Expenses | 99.08 | 79.57 | 143.60 |
| Net income | 5.21 | 8.16 | 19.89 |
Ganesh Green Bharat Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 2.86 | 4.48 | 10.92 |
| PE ratio | – | – | 16.58 – 17.40 |
| RONW (%) | 19.23 | 23.15 | 34.72 |
| NAV | 14.88 | 19.36 | 31.46 |
| ROCE (%) | 18.83 | 21.70 | 29.98 |
| EBITDA (%) | 8.14 | 15.18 | 20.35 |
| Debt/Equity | 0.83 | 0.78 | 0.91 |
Company Promoters
- Ketanbhai Narsinhbhai Patel
- Rajendrakumar Narsinhbhai Patel
- Niravkumar Sureshbhai Patel
- Shilpaben Ketanbhai Patel
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.42% |
Ganesh Green Bharat IPO GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 10 July 2024 | 230 | – | 1,08,000 |
| 9 July 2024 | 232 | – | 1,10,000 |
| 8 July 2024 | 200 | – | 90,000 |
| 6 July 2024 | 200 | – | 90,000 |
| 5 July 2024 | 230 | – | 1,01,000 |
| 4 July 2024 | 250 | – | 1,25,000 |
| 3 July 2024 | 193 | – | 95,000 |
| 2 July 2024 | 180 | – | 80,000 |
Ganesh Green Bharat IPO Subscription Update
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 12,38,400 | 9,29,400 | 21,68,400 | 66,000 | 44,02,200 |
| 9 Jul 2024 | 154.50 | 470.79 | 176.88 | 0.84 | 229.99 |
| 8 Jul 2024 | 12.03 | 29.22 | 53.71 | 0.69 | 36.02 |
| 5 Jul 2024 | 5.79 | 8.34 | 18.05 | 0.51 | 12.29 |
Ganesh Green Bharat IPO Allotment Status
Ganesh Green Bharat IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
Ganesh Green Bharat IPO Listing Details
| Listing Date | 12 July 2024 |
| BSE Scrip Code | – |
| NSE Symbol | GGBL |
| ISIN | INE0R8C01018 |
| Final Issue Price | ₹190 per share |
Ganesh Green Bharat IPO Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹190.00 |
| Open | ₹398.00 |
| Low | ₹398.00 |
| High | ₹398.00 |
| Last Trade | ₹398.00 |
Ganesh Green Bharat IPO Lead Manager(s)
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Ganesh Green Bharat Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: ggbl.ipo@kfintech.com
Website: www.kfintech.com
Ganesh Green Bharat Contact Details
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
What is the Ganesh Green Bharat offer size?
Ganesh Green Bharat offer size is ₹ 119.30 – 125.23 crores.
What is the Ganesh Green Bharat offer price band?
Ganesh Green Bharat public offer price is ₹ 181 – 190 per share.
What is the lot size of the Ganesh Green Bharat Offer?
Ganesh Green Bharat offers a lot size is 600 shares.
What is Ganesh Green Bharat Offer GMP today?
Ganesh Green Bharat IPO GMP today is ₹ 230 per share.
What is the Ganesh Green Bharat kostak rate today?
Ganesh Green Bharat kostak rate today is ₹ NA per application.
What is Ganesh Green Bharat Subject to the Sauda rate today?
Ganesh Green Bharat is Subject to the Sauda rate today is ₹ 1,08,000 per application.
Final thoughts
Ganesh Green Bharat IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
