Ganesh Green Bharat Limited IPO
- IPO Date05 Jul, 2024 to 09 Jul, 2024
- Listing Date12 Jul, 2024
- Face Value₹10 per share
- Issue Price₹181 to ₹190 per share
- Lot Size600 Shares
- Minimum Investment₹1,14,000
- Listing AtNSE SME
- Total Issue Size65,91,000 Shares
(aggregating up to ₹125.23 Cr) - Fresh Issue65,91,000 Shares
(aggregating up to ₹125.23 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,82,10,000
- Shareholding post issue2,48,01,000
IPO Dates
Closing Date
09 Jul, 2024
Initiation of Refunds
11 Jul, 2024
Listing Date
12 Jul, 2024
05 Jul, 2024
Opening Date
10 Jul, 2024
Basis of Allotment
11 Jul, 2024
Credit of Shares
Ganesh Green Bharat Limited 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 | ₹1,14,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Min) | 2 | 1200 | ₹2,28,000 |
| S-HNI (Max) | - | - | - |
| Retail (Max) | 1 | 600 | ₹1,14,000 |
Ganesh Green Bharat Limited Promoter Holding
The promoters of the company are Ketanbhai Narsinhbhai Patel, Rajendrakumar Narsinhbhai Patel, Niravkumar Sureshbhai Patel and Shilpaben Ketanbhai Patel
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | - |
Ganesh Green Bharat Limited COMPANY INFORMATION
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 opens for subscription on July 5, 2024 and closes on July 9, 2024. The allotment for the Ganesh Green Bharat IPO is expected to be finalized on Wednesday, July 10, 2024. Ganesh Green Bharat IPO will list on NSE SME with tentative listing date fixed as Friday, 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. Refer to Ganesh Green Bharat IPO DRHP for detailed information.
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
Overview of the Company
Ganesh Green Bharat Limited, previously known as Ganesh Electricals Private Limited, is an entity focused on various sectors including electrical and electronics manufacturing. The company has undergone significant growth and transformation, marking its presence in the market with an impending IPO.
Financial Highlights
The company's financial performance has shown consistent growth over the past few years:
- Equity Share Capital: Increased from ?120.00 Lakhs in March 2022 to ?1821.00 Lakhs in March 2024.
- Net Worth: Grew from ?2707.34 Lakhs in March 2022 to ?5727.64 Lakhs in March 2024.
- Total Income: Rose from ?10612.10 Lakhs in March 2022 to ?17196.48 Lakhs in March 2024.
- Profit After Tax: Increased from ?520.75 Lakhs in March 2022 to ?1988.50 Lakhs in March 2024.
- Earnings per Share: Improved from ?2.86 in March 2022 to ?10.92 in March 2024.
- Total Borrowings: Increased from ?2247.06 Lakhs in March 2022 to ?5370.17 Lakhs in March 2024 .
IPO Details
The upcoming IPO will be listed on the SME Platform of the NSE (NSE Emerge). The issue period is scheduled as follows:
- Anchor Portion Issue Opens/Closes: July 4, 2024
- Bid/Issue Opens: July 5, 2024
- Bid/Issue Closes: July 9, 2024?.
Promoters and Shareholding
The promoters and promoter group collectively hold 100% of the pre-issue paid-up share capital. Post-IPO, the promoters will hold 73.42% of the total equity shares.
- Key Promoters:
- Ketanbhai Narsinhbhai Patel: 41.97% post-IPO
- Rajendrakumar Narsinhbhai Patel: 13.06% post-IPO
- Niravkumar Sureshbhai Patel: 13.06% post-IPO?.
Objectives of the Issue
The funds raised from the IPO will be used for various growth initiatives, including:
- Expansion of existing manufacturing facilities
- Working capital requirements
- General corporate purposes
Key Industry and Market Overview
Ganesh Green Bharat Limited operates in a dynamic sector with substantial growth opportunities. The industry is characterized by technological advancements and increasing demand for electrical and electronic products. The company aims to leverage these trends to enhance its market position and financial performance .
Risks and Mitigations
Investors are advised to consider the risk factors associated with the investment, which are detailed in the prospectus. These include market risks, operational challenges, and financial uncertainties. The company has laid out strategies to mitigate these risks and ensure sustainable growth??.
FAQs About Ganesh Green Bharat Limited Ipo
Ganesh Green Bharat Limited IPO will open on 05 Jul, 2024 and close on 09 Jul, 2024. Investors must apply within this period to participate.
The Ganesh Green Bharat Limited IPO price band is set between ₹181.00 and ₹190.00 per share. The minimum lot size is 600, requiring an investment of at least ₹114000.00.
The Ganesh Green Bharat Limited IPO shares are expected to be listed on 12 Jul, 2024, subject to regulatory approvals and final allotment.
You can track your Ganesh Green Bharat Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Ganesh Green Bharat Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.