Ganesh Green Bharat Limited IPO Details
| Detail | Description |
|---|---|
| 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 | 65,91,000 shares (aggregating up to ₹ 125.23 Cr) |
| Fresh Issue | 65,91,000 shares (aggregating up to ₹ 125.23 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,82,10,000 |
| Shareholding post issue | 2,48,01,000 |
| Market Maker portion | 3,31,200 shares |
About Ganesh Green Bharat Limited IPO
Ganesh Green Bharat provides comprehensive portfolios in supply, installation, testing and commissioning (SITC) of solar and electrical goods and services to various government bodies. They have completed projects under different schemes of Central and State Governments like – Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna. They also forayed into the business of designing, construction, installation operation and maintenance of Water Supply Scheme Projects like the Mukhya Mantri Nischay Quality Affected Yojna, Har Ghar Jal (Jal Jeevan Mission), etc.
Ganesh Green Bharat IPO is a book-built issue of Rs 125.23 crores. The issue is entirely a fresh issue of 65.91 lakh shares. Ganesh Green Bharat IPO opens for subscription on July 5, 2024 and closes on July 9, 2024. Ganesh Green Bharat IPO price band is set at ₹181 to ₹190 per share. The minimum lot size for an application is 600 Shares. Hem Securities Limited is the book-running lead manager of the Ganesh Green Bharat IPO, while Kfin Technologies Limited is the registrar for the issue.
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 |
Company & Financials
Incorporated in April 2016, Ganesh Green Bharat Limited is an Electrical Contracting Service company. The company offers a range of services including the supply, installation, testing and commissioning (SITC) of solar and electrical goods and services to various government bodies. The company has completed projects under various government schemes, such as the Saubhagya Scheme, the KUSUM Scheme and Saur Sujla Yojna. Additionally, they have ventured into designing, building, installing, operating and maintaining water supply projects like the MukhyaMantri Nischay Quality Affected Yojna and Har Ghar Jal (Jal Jeevan Mission). As of March 31, 2024, the company's Order Book includes:
-
As of March 31, 2024, the company's Order Book includes:
- • 10 work orders for Solar System & Allied Services
- • 7 work orders for Electrical contracting services
- • 1 work order for Water Supply Scheme Projects
The company has a team of 10 engineers supported by third-party consultants and industry experts to ensure compliance with industry and government standards. The company's clients include government departments of eight states, such as Gujarat Industrial Development Corporation (GIDC), Ahmedabad Municipal Corporation (AMC), Rajasthan Renewable Energy Corporation Limited (RRECL) and several others. It also sells Solar PV modules to private sector organizations.
Objectives of Ganesh Green Bharat IPO
-
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objectives:
- • Repayment in full or in part, of certain of the outstanding borrowings.
- • Funding Capital Expenditure towards the installation of additional plant and machinery at the factory.
- • Funding to meet working capital requirements.
- • General Corporate Purpose.
Ganesh Green Bharat IPO Review
The company is engaged in solar, electrical goods, and water supply scheme related business and service providing. It posted inconsistency in its top lines for the reported periods, but marked sudden boost for FY24 in its top and bottom lines. Based on super earnings for FY24, the issue appears fully priced. Off late rising fancy for these segments from the investors have boosted such counters on the bourses. This company is poised for bright prospects ahead. Investors may park funds for the medium to long term.
Ganesh Green Bharat Limited IPO Financial Information
Latest Revenue
17,196.48
₹ Crore
Profit After Tax
2,183.02
₹ Crore
Net Worth
5,727.64
₹ Crore
Total Borrowing
5,370.17
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 15,029.82 | 17,196.48 | 2,183.02 | 5,727.64 | 5,370.17 | ||||
| 31 Mar 2023 | 8,786.05 | 9,059.53 | 815.57 | 2,707.34 | 2,738.89 | ||||
| 31 Mar 2022 | 8,835.50 | 10,612.10 | 520.75 | 2,707.34 | 2,247.06 | ||||
| Amount in ₹ Crore | |||||||||
Ganesh Green Bharat Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 46.42% |
| ROCE | 29.98% |
| Debt/Equity | 0.94 |
| RoNW | 34.72% |
| P/BV | 0 |
| PAT Margin (%) | 11.69 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.99 | 8.15 |
| P/E (x) | 15.85 | 23.33 |
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Competitive Strengths
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Ganesh Green Bharat Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹114,000 |
| Retail (Max) | 1 | 600 | ₹114,000 |
| HNI (Min) | 2 | 1200 | ₹228,000 |