Ganesh Green Bharat's shares debuted on the NSE SME platform with a 90% premium on Friday, opening at Rs 361 against an issue price of Rs 190. Prior to listing, the company's shares traded at a premium of Rs 170.

Ganesh Green Bharat shares list at 90% premium over IPO price

Ganesh Green Bharat made a robust debut on the NSE SME platform, opening at Rs 361, a 90% premium over its IPO price of Rs 190. Prior to listing, the company's shares traded with a premium of Rs 170.

The IPO consisted solely of fresh equity, totaling 65.91 lakh shares, and garnered exceptional investor interest, oversubscribing by 200 times by the closing. The company, specializing in solar and electrical goods and services, caters extensively to government bodies.

It has successfully executed projects under various government schemes like Saubhagya Scheme and KUSUM Scheme, along with water supply projects under initiatives such as Mukhya Mantri Nishchay Quality Affected Yojna and Jal Jeevan Mission.

Ganesh Green Bharat has diversified its operations into designing, constructing, installing, and operating solar systems, electrical contracting, and manufacturing solar photovoltaic modules. Its in-house engineering and design capabilities enable it to offer a wide range of products and solutions in each sector.

India's abundant solar resources present substantial opportunities in renewable energy, complemented by significant investments in sectors like hydropower, particularly in the northeast.

As of 2014, the country has attracted over Rs 5.2 lakh crore ($70 billion) in renewable energy investments. For the fiscal year ending March 2024, Ganesh Green Bharat reported revenues of Rs 172 crore and a net profit of Rs 19.88 crore.

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