Ganesh Green Bharat Limited IPO Detail
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.
Company Promoters
Ketanbhai Narsinhbhai Patel, Rajendrakumar Narsinhbhai Patel, Niravkumar Sureshbhai Patel and Shilpaben Ketanbhai PatelIPO Details
| IPO Opening Date | Jul 05, 2024 |
| IPO Closing Date | Jul 09, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹181 - 190 per equity share |
| Market Lot | 600 Shares |
| Min Order Quantity | 600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹125.23 Cr |
| Fresh Issue | ₹125.23 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 5.79x | 0.00x | 0.00x | 8.56x | 18.86x | 12.73x |
| Day 2 | 12.03x | 0.00x | 0.00x | 29.15x | 54.94x | 36.61x |
| Day 3 | 154.50x | 0.00x | 0.00x | 470.44x | 176.88x | 229.92x |
IPO Tentative Timetable
The Ganesh Green Bharat Limited IPO open date is Jul 05, 2024, and the close date is Jul 09, 2024. The issue may list on Jul 12, 2024.
| IPO Open Date | Jul 05, 2024 |
| IPO Close Date | Jul 09, 2024 |
| Basis of Allotment Date | Jul 10, 2024 |
| Initiation of Refunds | Jul 11, 2024 |
| Credit of Shares to Demat Account | Jul 11, 2024 |
| IPO Listing Date | Jul 12, 2024 |
IPO Lot Size
The Ganesh Green Bharat Limited IPO market lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹114000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 600 | ₹114000 |
| Maximum | 1 | 600 | ₹114000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.42% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 8835.50 | 10612.10 | 520.75 |
| 31-Mar-23 | 8786.05 | 9059.53 | 815.57 |
| 31-Mar-24 | 15029.82 | 17196.48 | 2183.02 |
Objects of the Issue:
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 Limited IPO Registrar:
KFin Technologies Limited
Ganesh Green Bharat Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Ganesh Green Bharat Limited
F-202. S.G. Business Hub
S.G. Highway
Ahmedabad-382470
