Ganesh Green Bharat IPO Date, Review and Price Details

The Ganesh Green Bharat IPO is set to open on July 5 and close on July 9. This NSE SME IPO aims to raise ₹125.23 crores, with a price band of ₹181 to ₹190 per share and a market lot of 600 shares.

Ganesh Green Bharat Limited offers comprehensive portfolios in the supply, installation, testing, and commissioning (SITC) of solar and electrical goods and services to various government bodies. The company has completed projects under numerous Central and State Government schemes, including the Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna. Additionally, they have expanded into the design, construction, installation, operation, and maintenance of Water Supply Scheme Projects, such as the Mukhya Mantri Nishchay Quality Affected Yojna and Har Ghar Jal (Jal Jeevan Mission).

Established in 2016 as a partnership firm focusing on electrical contracting services, Ganesh Green Bharat entered the renewable energy sector in 2017. Since then, they have become an integrated solar energy solutions provider, offering engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services for solar home lighting, solar street lighting, solar power plants (on-grid and off-grid), solar high mast, and solar pumping systems. In 2016, they achieved the status of Channel Partner of the Ministry of New and Renewable Energy (MNRE) and completed a significant project in 2018, installing 16,486 SPV home lighting systems in Rajasthan through the Rajasthan Renewable Energy Corporation Limited (RRECL).

By 2019, Ganesh Green Bharat began bidding for Water Supply Scheme Projects, involving the design, construction, supply, testing, and commissioning of piped water supply systems. These projects include the installation of polyethylene water storage tanks and providing drinking water through functional household tap connections in villages, along with all allied works of the scheme and successful trial runs

Objects of the Issue:

Repayment, in full or in part, of certain outstanding borrowings

Funding capital expenditure for the installation of additional plant and machinery at our factory

Meeting working capital requirements

General corporate purposes

Ganesh Green Bharat IPO Review:

To be updated soon

Read Also: Bansal Wire IPO: Date, Review, Price, and Allotment Details

Ganesh Green Bharat IPO Details

IPO Date	July 5, 2024 to July 9, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹181 to ₹190 per share
Lot Size	600 Shares
Total Issue Size	6,591,000 shares
	(aggregating up to ₹125.23 Cr)
Fresh Issue	6,591,000 shares
	(aggregating up to ₹125.23 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share holding pre issue	1,82,10,000
Share holding post issue	2,48,01,000
Market Maker portion	331,200 shares

Ganesh Green Bharat IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not less than 15% of the Net Issue

Ganesh Green Bharat IPO Lot Size

Investors can place bids for a minimum of 600 shares and in multiples of 600 thereafter. The table below shows the minimum and maximum investment amounts for retail investors and high net worth individuals (HNIs), both in terms of shares and monetary value.

Application	Lots	Shares	Amount
Retail (Min)	1	600	₹ 1,14,000
Retail (Max)	1	600	₹ 1,14,000
HNI (Min)	2	1,200	₹ 2,28,000

Ganesh Green Bharat IPO Tentative Schedule

IPO Open Date	Friday, July 5, 2024
IPO Close Date	Tuesday, July 9, 2024
Basis of Allotment	Wednesday, July 10, 2024
Initiation of Refunds	Thursday, July 11, 2024
Credit of Shares to Demat	Thursday, July 11, 2024
Listing Date	Friday, July 12, 2024
Cut-off time for UPI mandate confirmation	5 PM on July 9, 2024

Ganesh Green Bharat Limited Financials

Ganesh Green Bharat Limited’s revenue surged by 89.82%, while profit after tax (PAT) soared by 167.67% between the financial years ending March 31, 2023, and March 31, 2024.

		Amount in ₹ Lakhs
Period Ended	31-Mar-24	31-Mar-23	31-Mar-22
Assets	15,029.82	8,786.05	8,835.50
Revenue	17,196.48	9,059.53	10,612.10
Profit After Tax	2,183.02	815.57	520.75
Net Worth	5,727.64	2,707.34	2,707.34
Reserves and Surplus	3,906.64	3,402.91	2,587.34
Total Borrowing	5,370.17	2,738.89	2,247.06

Ganesh Green Bharat IPO Valuation

Check the Ganesh Green Bharat IPO valuation details, including Earning Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).

Earning Per Share (EPS):	₹10.92 per Equity Share
Price/Earning P/E Ratio:	NA
Return on Net Worth (RoNW):	34.72%
Net Asset Value (NAV):	₹31.46 per Equity Share

Peer Group

Company Promoters

Ganesh Green Bharat IPO Registrar

Ganesh Green Bharat IPO Allotment Status

Check the Ganesh Green Bharat IPO allotment status on the KFin Technologies website. Click Here

Ganesh Green Bharat IPO Lead Managers (Merchant Bankers)

Hem Securities Limited

Company Address

Ganesh Green Bharat IPO – Frequently Asked Questions (FAQ)

1. What are the dates for the Ganesh Green Bharat IPO?

The IPO will open on July 5 and close on July 9.

2. What is the price band for the Ganesh Green Bharat IPO?

The price band is set at ₹181 to ₹190 per share.

3. What is the lot size for the Ganesh Green Bharat IPO?

Investors can bid for a minimum of 600 shares and in multiples of 600 thereafter.

4. What are the objectives of the Ganesh Green Bharat IPO?

The funds raised will be used for:

5. What is the growth rate of Ganesh Green Bharat Limited’s revenue and profit?

Between the financial years ending March 31, 2023, and March 31, 2024, the company’s revenue increased by 89.82% and profit after tax (PAT) rose by 167.67%.