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 IPO – Details
| IPO Opening Date | 05 July 2024 |
| IPO Closing Date | 09 July 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 65,91,000 Shares Worth ₹125.23 Crore Fresh Issue: 65,91,000 Shares Worth ₹125.23 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹181 – ₹191 per share |
| Market Lot | 600 Shares |
| Min Order | 600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Ganesh Green Bharat IPO – Date Schedule
| IPO Open Date | 05 July 2024 |
| IPO Close Date | 09 July 2024 |
| Credit of Shares to Demat Account | 10 July 2024 |
| Initiation of Refund | 11 July 2024 |
| Credit of Shares to Demat Account | 11 July 2024 |
| IPO Listing Date | 12 July 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 09, 2024 |
Ganesh Green Bharat IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,14,000 |
| Retail (Max) | 1 | 600 | ₹1,14,000 |
| HNI (Min) | 2 | 1200 | ₹2,28,000 |
Competitive Strengths
- The company offer a diversified range of solutions.
- Leverage the capabilities to capture strong industry tailwinds and growth prospects for solar energy.
- In house designing and execution team and established track record.
- Order Book of projects across India.
- Experienced Promoters and senior management team.
- Stable financial performance.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 106.12 | 99.08 | 5.20 | 22.47 |
| 31 March 2023 | 90.59 | 79.56 | 8.15 | 27.38 |
| 31 March 2024 | 171.96 | 143.59 | 19.88 | 53.70 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 46.42% |
| ROCE | 29.98% |
| Debt/Equity | 0.94 |
| RoNW | 34.72% |
| P/BV | 0 |
| PAT Margin (%) | 11.69 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 11.99 | 8.15 |
| P/E (x) | 15.85 | 23.33 |
Object 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 Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.42% |
Ganesh Green Bharat IPO Prospectus
- Ganesh Green Bharat IPO DRHP
- Ganesh Green Bharat IPO RHP
Company Contact Information
| 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 Lead Manager(s)
| 1. Hem Securities Limited |
Ganesh Green Bharat IPO FAQs
| What is Ganesh Green Bharat IPO? Ganesh Green Bharat IPO is a SME IPO. The issue is priced at ₹181 to ₹190 per equity share. The IPO is to be listed on NSE SME. |
| When Ganesh Green Bharat IPO will open? The IPO is to open on 05 July 2024 for QIB, NII, and Retail Investors. |
| What is Ganesh Green Bharat IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Ganesh Green Bharat IPO? You can apply Ganesh Green Bharat IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Ganesh Green Bharat IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Ganesh Green Bharat”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Ganesh Green Bharat IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Ganesh Green Bharat“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Ganesh Green Bharat IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Ganesh Green Bharat”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Ganesh Green Bharat IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Ganesh Green Bharat”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Ganesh Green Bharat IPO Size? Ganesh Green Bharat IPO size is ₹125.23 Crore. |
| What is Ganesh Green Bharat IPO Price Band? Ganesh Green Bharat IPO Price Band is ₹181 to ₹190. |
| What is Ganesh Green Bharat IPO Minimum and Maximum Lot Size for retail? The minimum bid is 600 Shares with ₹1,14,000 amount while the maximum bid is 600 Shares with ₹1,14,000. |
| What is the Ganesh Green Bharat IPO Allotment Date? Ganesh Green Bharat IPO allotment date is 10 July 2024. |
| What is the Ganesh Green Bharat IPO Listing Date? Ganesh Green Bharat IPO listing date is 12 July 2024. The IPO is to be listed on NSE SME. |
