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
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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
Solex Energy Limited
Waaree Renewable Technologies Limited
Zodiac Energy Limited
Company Promoters
Ketanbhai Narsinhbhai Patel
Rajendrakumar Narsinhbhai Patel
Niravkumar Sureshbhai Patel
Shilpaben Ketanbhai Patel
Ganesh Green Bharat IPO Registrar
KFin Technologies Limited
Tel: +91 40 6716 2222
E-mail: ggbl.ipo@kfintech.com
Website: www.kfintech.com
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 Limited
F – 202, S.G. Business Hub, S.G. Highway,
Ahmedabad-382470, Gujarat, India
Phone: +91-79-29703080
E-mail: cs@ganeshgreen.com
Website: www.ganeshgreen.com
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:
Repayment of certain outstanding borrowings
Funding capital expenditure for additional plant and machinery
Meeting working capital requirements
General corporate purposes
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%.
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