Ganesh Infraworld IPO
- IPO Date29 Nov, 2024 to 03 Dec, 2024
- Listing Date03 Dec, 2024
- Face Value₹5 per share
- Issue Price₹78 to ₹83 per share
- Lot Size1600 Shares
- Minimum Investment₹1,32,800
- Listing AtNSE SME
- Total Issue Size1,18,76,800 Shares
(aggregating up to ₹98.58 Cr) - Fresh Issue1,18,76,800 Shares
(aggregating up to ₹98.58 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue3,08,44,597
- Shareholding post issue4,27,21,397
IPO Dates
Closing Date
03 Dec, 2024
Initiation of Refunds
05 Dec, 2024
Listing Date
06 Dec, 2024
29 Nov, 2024
Opening Date
04 Dec, 2024
Basis of Allotment
05 Dec, 2024
Credit of Shares
Ganesh Infraworld Lot Size
Investors can bid for a minimum of 1600 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 |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 3200 | ₹2,65,600 |
| Retail (Min) | 1 | 1600 | ₹1,32,800 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 1600 | ₹1,32,800 |
Ganesh Infraworld Promoter Holding
Vibhoar Agrawal and Rachita Agrawal are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 81.84% | - |
Ganesh Infraworld COMPANY INFORMATION
Ganesh Infraworld IPO is a book built issue of Rs 98.58 crores. The issue is entirely a fresh issue of 118.77 lakh shares. Ganesh Infraworld IPO opens for subscription on November 29, 2024 and closes on December 3, 2024. The allotment for the Ganesh Infraworld IPO is expected to be finalized on Wednesday, December 4, 2024. Ganesh Infraworld IPO will list on NSE SME with tentative listing date fixed as Friday, December 6, 2024. Ganesh Infraworld IPO price band is set at ₹78 to ₹83 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹132,800. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹265,600. Vivro Financial Services Private Limited is the book running lead manager of the Ganesh Infraworld IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Ganesh Infraworld IPO is Rikhav Securities. Refer to Ganesh Infraworld IPO RHP for detailed information.
Incorporated in 2017, Ganesh Infraworld Limited is a construction company that provides construction-related services. The company specialises in industrial, civil, residential, and commercial buildings, road construction, railway, power, and water distribution projects across India.
The company's business can be divided into three segments
- Civil and electrical infrastructure projects;
- Road and rail infrastructure development projects; and
- Water infrastructure development projects.
The company provides engineering, procurement, and construction (EPC) services. It covers all parts of the construction process, including planning, design, and building. This includes mechanical, electrical, civil, and industrial services and supplying materials needed for these tasks.
The clients include various construction companies, such as Magnum Ventures Limited, Raikela Iron Ore Mines, JD Cables Private Limited, Celica Motocorp Private Limited, Jain International Power Limited, and Nirmala Developers, for whom the company has provided contractual services.
Ganesh Infraworld operates in various states, including Rajasthan, Uttar Pradesh, Maharashtra, Odisha, Haryana, Jharkhand, Bihar, Jammu & Kashmir, Andhra Pradesh and Chhattisgarh.
As of August 31, 2024, the company had 41 active projects valued at about Rs 57,485.53 lakhs. These projects are spread across 13 different states and sectors.
Competitive Strength:
- Experienced management team with solid industry knowledge.
- Partnerships with reputable companies nationwide to capitalize on emerging infrastructure development opportunities.
- Strong order book from large engineering and construction companies with repeat orders
- Effective management of working capital, thereby optimizing financial efficiency.
As of August 31, 2024, the company has 42 department employees.
Ganesh Infraworld IPO
IPO Overview and Key Highlights
Ganesh Infraworld, engaged in construction and infrastructure development, is launching its Initial Public Offering (IPO) of 1,18,76,800 equity shares. The IPO comprises a 100% fresh issue, with no Offer for Sale (OFS). Proceeds will be used for project funding, working capital, and corporate purposes. The shares are proposed to be listed on the NSE EMERGE Platform.
Key IPO Details
- Type of Issue: Book Built Issue
- Total Issue Size: 1,18,76,800 equity shares
- Face Value: Rs 5 per share
- Offer Opens: November 29, 2024
- Offer Closes: December 3, 2024
- Listing Exchange: NSE EMERGE.
Company Overview
Incorporated as a partnership firm in 2017 and later converted into a public company in 2024, Ganesh Infraworld specializes in real estate and infrastructure development. Based in West Bengal, the company has a strong focus on residential and commercial real estate projects with sustainable practices. Promoters Vibhoar Agrawal and Rachita Agrawal bring extensive experience in the infrastructure sector.
Financial Overview
The company has demonstrated growth, leveraging strategic project selection and cost-efficient execution. The IPO proceeds will further strengthen its financial position and support expansion.
Key Strengths of Ganesh Infraworld
- Strategic Location: Projects primarily based in West Bengal, a region with growing demand for real estate and infrastructure.
- Experienced Management: Promoters with proven expertise in construction and infrastructure development.
- Focus on Sustainability: Emphasis on eco-friendly and cost-effective building practices.
IPO Pros and Cons
Pros
- Growing Market: Increasing urbanization drives demand for real estate and infrastructure.
- IPO Proceeds Utilization: Funds will directly contribute to project execution and financial stability.
- Sector Focus: Specialized in infrastructure, reducing business diversification risks.
Cons
- Regional Dependence: Operations are concentrated in West Bengal, limiting geographic diversification.
- Market Risks: The construction sector is cyclical and sensitive to economic conditions.
- First Public Issue: Potential uncertainty in stock performance post-listing.
Risk Factors
Investors should evaluate the following risks:
- Economic Sensitivity: The company’s performance depends on real estate market trends.
- Regulatory Risks: Compliance with construction and environmental regulations is crucial.
- Project Delays: Execution delays may lead to cost overruns and reduced profitability.
Conclusion
The Ganesh Infraworld IPO offers an opportunity to invest in a growing player in the real estate and infrastructure sector. With experienced leadership and a focus on sustainability, the company is positioned for growth. However, investors should consider risks such as regional dependence and market sensitivity before investing.
FAQs About Ganesh Infraworld Ipo
Ganesh Infraworld IPO will open on 29 Nov, 2024 and close on 03 Dec, 2024. Investors must apply within this period to participate.
The Ganesh Infraworld IPO price band is set between ₹78.00 and ₹83.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹132800.00.
The Ganesh Infraworld IPO shares are expected to be listed on 03 Dec, 2024, subject to regulatory approvals and final allotment.
You can track your Ganesh Infraworld IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Ganesh Infraworld IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.