Ganesh Green Bharat IPO: Details Investors Must Know

Ganesh Green Bharat IPO is open for subscription starting Friday, July 5, 2024, and closing on Tuesday, July 9, 2024. This upcoming IPO's price is Rs 181 to 190 per share. The minimum lot size set for the retail category is 600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 1200 shares. The minimum investment required for retail category investors is Rs 1,08,600 ( 181 x 600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,17,200 (181 x 1200 shares). Ganesh Green Bharat IPO is a book-built issue of Rs 163.23 crores. This upcoming IPO is entirely a fresh issue of 85.91 lakh equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, July 10, 2024. Ganesh Green Bharat IPO will be listed on NSE SME on Friday, July 12, 2024. Hem Securities Limited is the book-running lead manager, and Kfin Technologies Limited is the registrar. 

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About Ganesh Green Bharat Limited

Ganesh Green Bharat Limited, incorporated in April 2016, is a Electrical Contracting Service Company. They offer services like supply, installation, testing, and commissioning of Solar and electrical goods and services to many government bodies. Ganesh Green Bharat has completed various projects under the government scheme such as the Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna. Also, Ganesh Green Bharat have ventured into designing, building, installing, operating, and maintaining water supply projects like the Mukhya Mantri Nishchay Quality Affected Yojna, and Har Ghar Jal. As of March 2024 , the company has 10 work orders for Solar System and Allied Services, 7 work orders for Electrical Contracting Services, and 1 work order for Water Supply Scheme Projects. The company's clients are government departments of eight states, such as Gujarat Industrial Development Corporation, Ahmedabad Municipal Corporation, Rajasthan Renewable Energy Corporation Limited, and several others. The latest record shows that the company has around 39 employees and contract labour at its project sites. 

Objectives of Ganesh Green Bharat IPO

The net amount received from this initial public offer will be allocated for repayment of the company's certain outstanding borrowing. The remaining will be used for capital expenditures toward the installation of additional plants and machinery, meeting day-to-day capital needs, and for general corporate purposes. 

Financials of Ganesh Green Bharat Limited (Amt in Rs Lakhs)

Ganesh Green Bharat posted revenue of Rs 17,196.48 lakhs and net profit of Rs 2,183.02 lakhs for the period ending on 31 Mar 2024. Earlier, in the period ending on 31 March 2023, the firm reported a revenue of Rs 9,059.53 lakhs and PAT of Rs  lakhs. 815.57 lakhs. The company’s revenue increased by 89.82% and PAT increased by 167.67% between the financial year ending with 31 March 2024 and 31 March 2023.

Other Important Details of Ganesh Green Bharat IPO

Time-Table of Ganesh Green Bharat IPO

Lot Size of Ganesh Green Bharat IPO

IPO Reservation of Ganesh Green Bharat Limited

Ganesh Green Bharat Limited - EPS and P/E Ratio Post IPO

Promoters of Ganesh Green Bharat Limited and Their Holdings

The promoters of Ganesh Green Bharat company are Ketanbhai Narsinhbhai Patel, Rajendrakumar Narsinhbhai Patel, Niravkumar Sureshbhai Patel and Shilpaben Ketanbhai Patel.

Lead Manager(s) of Ganesh Green Bharat IPO

The lead manager for Ganesh Green Bharat IPO is Hem Securities Limited.

How do you apply for the Ganesh Green Bharat IPO?

Wait for the public issue to open for subscription, then click here to apply for the Ganesh Green Bharat Limited IPO with Bigul.

How do you check the allotment status of Ganesh Green Bharat's IPO?

Kfin Technologies is the registrar for the Ganesh Green Bharat IPO. To check your allotment status, please click here.

FAQs

1. What are the details of the Ganesh Green Bharat IPO?

Ganesh Green Bharat IPO is a book-built issue of Rs 163.23 crores. This upcoming IPO is entirely a fresh issue of 85.91 lakh equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, July 10, 2024. 

2. Who are the lead managers for the Ganesh Green Bharat Limited IPO?

Hem Securities Limited is appointed as the lead manager for the IPO.

3. What is the role of Kfin Technologies Limited in this IPO?

Kfin Technologies Limited is the registrar for Ganesh Green Bharat Limited, handling the IPO's administrative aspects.

4. How can I apply for the Ganesh Green Bharat IPO?

The public subscription of this new IPO will open on July 5, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The net amount received from this initial public offer will be allocated for repayment of the company's certain outstanding borrowing. The remaining will be used for capital expenditures toward the installation of additional plants and machinery, meeting day-to-day capital needs, and for general corporate purposes. 

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Ganesh Green Bharat Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of Ganesh Green Bharat Limited?

Ganesh Green Bharat posted revenue of Rs 17,196.48 lakhs and net profit of Rs 2,183.02 lakhs for the period ending on 31 Mar 2024. The company’s revenue increased by 89.82% and PAT increased by 167.67% between the financial year ending with 31 March 2024 and 31 March 2023.

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