Ganesh Green Bharat Limited IPO Review: Opening Date, GMP & Subscription Status

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Offer Details

Ganesh Green Bharat Limited IPO: Analysis, GMP & Subscription Status

Introduction

Ganesh Green Bharat Limited, formerly known as Ganesh Electricals Private Limited, is set to launch its Initial Public Offering (IPO) from July 5, 2024, to July 9, 2024. This blog provides a detailed analysis of the IPO, including the company's background, financial performance, and key IPO details.

Company Overview

Ganesh Green Bharat Limited was established in 2016 as a partnership firm under the name "M/s. Ganesh Electricals." It was later converted into a private limited company and eventually renamed Ganesh Green Bharat Limited. The company operates in the electrical infrastructure sector, providing a range of services including installation, maintenance, and supply of electrical components and systems.

IPO Timeline

The IPO timeline for Ganesh Green Bharat Limited is as follows:

  • 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 IPO Details

  • IPO Dates: July 5, 2024, to July 9, 2024
  • Listing Date: July 12, 2024
  • Face Value: ₹10 per share
  • Price Band: ₹181 to ₹190 per share
  • Minimum Order Quantity: 600 shares
  • Total Shares Offered: 6,591,000 shares (up to ₹125.23 crore)
  • Fresh Issue: 6,591,000 shares (up to ₹125.23 crore)
  • Issue Type: Book Built Issue
  • Listing Exchange: NSE SME
  • Pre-issue Shareholding: 18,210,000 shares
  • Post-issue Shareholding: 24,801,000 shares
  • Market Maker Portion: 331,200 shares

Ganesh Green Bharat Limited Financial Performance

Ganesh Green Bharat Limited has shown consistent financial growth over recent years. Below is a summary of their financial performance, rephrased for clarity:

Particulars March 31, 2024 March 31, 2023 March 31, 2022
Total Assets ₹15,029.82 lakh ₹8,786.05 lakh ₹8,835.50 lakh
Revenue ₹17,196.48 lakh ₹9,059.53 lakh ₹10,612.10 lakh
Net Profit ₹2,183.02 lakh ₹815.57 lakh ₹520.75 lakh
Net Worth ₹5,727.64 lakh ₹2,707.34 lakh ₹2,707.34 lakh
Reserves & Surplus ₹3,906.64 lakh ₹3,402.91 lakh ₹2,587.34 lakh
Total Borrowings ₹5,370.17 lakh ₹2,738.89 lakh ₹2,247.06 lakh

Key Strengths

  1. Established Market Presence: Ganesh Green Bharat Limited has built a strong presence in the electrical infrastructure sector with a wide range of services.
  2. Experienced Management: The management team comprises seasoned professionals with extensive experience in the industry.
  3. Strong Financial Performance: The company has shown robust financial growth, with increasing revenue and profits over the years.

Risks and Challenges

  1. Market Competition: The company faces competition from both established players and new entrants in the electrical infrastructure sector.
  2. Regulatory Risks: Changes in regulations related to the electrical and infrastructure sectors could impact the company's operations.
  3. Economic Conditions: The company’s performance is influenced by economic conditions, which can affect project funding and execution.

Use of IPO Proceeds

The funds raised from the IPO will be utilized for:

  1. Expansion Plans: Enhancing operational capacities and expanding service offerings.
  2. Debt Repayment: Reducing existing debt to improve financial stability.
  3. General Corporate Purposes: Meeting general corporate expenses and requirements.

Ganesh Green Bharat IPO GMP & Subscription Stats

Stay updated with the latest information on the Ganesh Green Bharat Limited IPO Grey Market Premium (GMP) and Subscription Status as they become available post-IPO opening.

Grey Market Premium (GMP)

Date GMP (₹)
Today ₹260
08 July ₹220
06 July ₹205
05 July ₹200
01 July ₹190
30 June ₹180

Subscription Status [Times]

Date QIBs NIIs Retail Investors Total Subscription [Times]
July 5, 2024 4.40 1.53 3.75 3.41
July 6, 2024 5.79 8.56 18.86 12.73
July 8, 2024 6.85 17.16 30.20 20.43
July 9, 2024 154.50 470.44 176.88 229.92

This section will be regularly updated with the latest GMP and subscription figures to help investors make informed decisions. Keep an eye on this space for real-time updates!


How To Get/Claim:


How to Apply

Investors can apply for the Ganesh Green Bharat Limited IPO through ASBA (Applications Supported by Blocked Amount) in designated banks, or through UPI (Unified Payments Interface) for retail investors. Ensure to complete the application before the closing date to avoid any last-minute issues.

Conclusion

The Ganesh Green Bharat Limited IPO presents a promising opportunity for investors, given the company’s strong market presence, experienced management, and consistent financial performance. However, potential investors should consider the associated risks and perform due diligence before investing.

For more details, refer to the DRHP of Ganesh Green Bharat Limited.

Headlines:

  1. "Ganesh Green Bharat Limited IPO: Key Details, Financials, and Subscription Info"
  2. "Ganesh Green Bharat Limited IPO Launch: All You Need to Know About Dates, Price Band, and More"
  3. "Investing in Ganesh Green Bharat Limited IPO: Comprehensive Analysis and Financial Overview"
  4. "Ganesh Green Bharat Limited IPO Guide: Subscription Dates, Price Band, and Financial Insights"
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