Ganesh Green Bharat Limited IPO (Ganesh Green Bharat IPO)

Ganesh Green Bharat Limited IPO
Upcoming Ganesh Green Bharat IPO | New Ganesh Green Bharat IPO

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

Ganesh Green Bharat IPO – Details

IPO Opening Date05 July 2024
IPO Closing Date09 July 2024
Issue TypeBook Built Issue IPO
Issue SizeTotal 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 Lot600 Shares
Min Order600 Shares (1 Lot)
Listing AtNSE SME
RegisterKfin Technologies Limited
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Ganesh Green Bharat IPO – Date Schedule

IPO Open Date05 July 2024
IPO Close Date09 July 2024
Credit of Shares to Demat Account10 July 2024
Initiation of Refund11 July 2024
Credit of Shares to Demat Account11 July 2024
IPO Listing Date12 July 2024
Cut-off time for UPI mandate confirmation5 PM on July 09, 2024

Ganesh Green Bharat IPO – Lots Size & Price

ApplicationLotsSharesAmount
Retail (Min)1600₹1,14,000
Retail (Max)1600₹1,14,000
HNI (Min)21200₹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

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 2022106.1299.085.2022.47
31 March 202390.5979.568.1527.38
31 March 2024171.96143.5919.8853.70
Amount in ₹ Crore

Key Performance Indicator

KPIValues
ROE46.42%
ROCE29.98%
Debt/Equity0.94
RoNW34.72%
P/BV0
PAT Margin (%)11.69
Pre IPOPost IPO
EPS (Rs)11.998.15
P/E (x)15.8523.33

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
Object of the Issues

Ganesh Green Bharat IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.42%

Ganesh Green Bharat IPO Prospectus

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
Websitehttps://ganeshgreen.com/

Ganesh Green Bharat IPO Registrar

Kfin Technologies Limited

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

Ganesh Green Bharat IPO Lead Manager(s)

1. Hem Securities Limited

Ganesh Green Bharat IPO FAQs

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.
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