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Ganesh Green Bharat Limited, founded in April 2016 specializes in electrical contracting services. The company provides supply, installation, testing and commissioning of solar and electrical goods for various government bodies. They have completed numerous projects under government schemes like Saubhagya Scheme, KUSUM Scheme and Saur Sujla Yojna. Additionally, they design, build, install, operate and maintain water supply projects including Mukhya Mantri Nishchay Quality Affected Yojna and Har Ghar Jal (Jal Jeevan Mission).
As of March 31, 2024, the company has several orders, including 10 for solar systems and related services, 7 for electrical contracting and 1 for a water supply scheme. Their clients include government departments across eight states such as the Gujarat Industrial Development Corporation (GIDC), Ahmedabad Municipal Corporation (AMC) and Rajasthan Renewable Energy Corporation Limited (RRECL) along with private sector organizations for Solar PV modules.
Ganesh Green Bharat IPO Overview
Ganesh Green Bharat is launching its IPO aiming to raise ₹125.23 crores through a completely fresh issue. The IPO subscription opens on July 5, 2024 and closes on July 9, 2024. Allotment is expected to be finalized on July 10, 2024 with shares set to be listed on NSE SME on July 12, 2024. Price range for the IPO is set between ₹181 and ₹190 per share. Currently, the company’s promoter holds a 100% stake which will be reduced post issue. Registrar for the Ganesh Green Bharat IPO is KFin Technologies.
Ganesh Green Bharat IPO GMP
Ganesh Green Bharat SME IPO’s latest grey market premium (GMP) is ₹180 as of 2 July 2024. Given the upper price band of ₹190, the estimated listing price is ₹370 (cap price + today’s GMP). This suggests an expected gain of 94.74% per share.
Stay tuned with Trade Target for daily updates on Ganesh Green Bharat IPO GMP and the expected listing price.
- Date: 3- July – 2024
- Ganesh Green Bharat GMP: 290 (152.63%)
- Date: 2 – July – 2024
- Ganesh Green Bharat GMP: ₹205 (107.89%)
- Date: 1 – July – 2024
- Ganesh Green Bharat GMP: ₹180 (94.74%)
How can one apply for Ganesh Green Bharat IPO?
Ganesh Green Bharat’s IPO requires investors to bid for a minimum of 600 shares. The table below lists the minimum and maximum number of shares that retail investors and HNIs can buy along with the corresponding investment amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
|
Retail (Min) |
1 |
600 |
₹114,000
|
|
Retail (Max) |
1 |
600 |
₹114,000
|
|
S-HNI (Min) |
2 |
1200 |
₹228,000
|
Ganesh Green Bharat IPO Financial
Ganesh Green Bharat has shown financial growth over the past 3years. Check the summary of Ganesh Green Bharat financial performance for the periods ending on March 31 of each year
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
|
Assets in (₹ Lakhs) |
5,029.82
|
8,786.05
|
8,835.50
|
|
Revenue (₹ Lakhs) |
17,196.48
|
9,059.53
|
10,612.10
|
|
PAT (₹ Lakhs)
|
2,183.02
|
815.57
|
520.75
|
|
Total Borrowing (₹ Lakhs)
|
5,370.17
|
2,738.89
|
2,247.06
|
Ganesh Green Bharat Vs Peers
In the table below you can see that Ganesh Green Bharat has decent EPS among its peers which is a good sign.
| Company | EPS Basic | P/E(x) |
|---|---|---|
|
Ganesh Green Bharat Limited
|
10.92
|
- |
|
Solex Energy Limited
|
3.39
|
289.53
|
|
Waaree Renewable Technologies Limited
|
14.22
|
106.41
|
|
Zodiac Energy Limited
|
2.18
|
262.11
|
Ganesh Green Bharat IPO Quota allocation
- QIB Investor: 50% of the net issue
- Retail Investor: 35% of the net issue
- NII (HNI) Investor: 15% of the net issue
Expected Listing Date for Ganesh Green Bharat IPO
- Subscription Period: 5 July to 9 July
- Basis of Allotment Finalization: 10 July 2024
- Initiation of Refunds: 11 July 2024
- Demat Credits: 11 July 2024
- Listing Date: 12 July 2024
- Listing on: NSE SME
