Ganesh Green Bharat IPO description – Ganesh Green Bharat offers a wide range of services in the supply, installation, testing, and commissioning (SITC) of solar and electrical goods. The company has executed projects for Central and State Government schemes such as Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna.
The company’s business is in multiple verticals catering to (i) Solar System & Allied Services, (ii) Electrical contracting services (iii) Water Supply Scheme Projects, and as a manufacturer of solar photovoltaic (PV) modules.
Its subsidiary, Souraj Energy Private Limited, is involved in manufacturing solar photovoltaic (PV) modules with an installed capacity of 192.72 megawatts. As of March 2024, the company has completed 17 work orders for Solar Systems, 7 work orders for Electrical contracting services, and 2 work orders for Water Supply Schemes.
Promoters of Ganesh Green Bharat – Ketanbhai Narsinhbhai Patel, Rajendrakumar Narsinhbhai Patel, Niravkumar Sureshbhai Patel, and Shilpaben Ketanbhai Patel
Table of Contents
Ganesh Green Bharat IPO Details
| Ganesh Green Bharat IPO Dates | 5 – 9 July 2024 |
| Ganesh Green Bharat Issue Price | INR 181 – 190 per share |
| Fresh issue | 65,91,000 shares (INR 119.30 – 125.23 crore) |
| Offer For Sale | NIL |
| Total IPO size | 65,91,000 shares (INR 119.30 – 125.23 crore) |
| Minimum bid (lot size) | 600 shares (INR 1,14,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Ganesh Green Bharat Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 105.54 | 90.20 | 170.17 |
| Expenses | 99.08 | 79.57 | 143.60 |
| Net income | 5.21 | 8.16 | 19.89 |
Ganesh Green Bharat Offer News
- Ganesh Green Bharat RHP
- Ganesh Green Bharat Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Ganesh Green Bharat Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 2.86 | 4.48 | 10.92 |
| PE ratio | – | – | 16.58 – 17.40 |
| RONW (%) | 19.23 | 23.15 | 34.72 |
| NAV | 14.88 | 19.36 | 31.46 |
| ROCE (%) | 18.83 | 21.70 | 29.98 |
| EBITDA (%) | 8.14 | 15.18 | 20.35 |
| Debt/Equity | 0.83 | 0.78 | 0.91 |
Ganesh Green Bharat IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 10 July 2024 | 230 | – | 1,08,000 |
| 9 July 2024 | 232 | – | 1,10,000 |
| 8 July 2024 | 200 | – | 90,000 |
| 6 July 2024 | 200 | – | 90,000 |
| 5 July 2024 | 230 | – | 1,01,000 |
| 4 July 2024 | 250 | – | 1,25,000 |
| 3 July 2024 | 193 | – | 95,000 |
| 2 July 2024 | 180 | – | 80,000 |
Ganesh Green Bharat IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 12,38,400 | 9,29,400 | 21,68,400 | 66,000 | 44,02,200 |
| 9 Jul 2024 | 154.50 | 470.79 | 176.88 | 0.84 | 229.99 |
| 8 Jul 2024 | 12.03 | 29.22 | 53.71 | 0.69 | 36.02 |
| 5 Jul 2024 | 5.79 | 8.34 | 18.05 | 0.51 | 12.29 |
The market maker reservation portion of 3,31,200 shares and anchor portion of 18,57,600 equity shares are not included in the above calculations.
Ganesh Green Bharat IPO Allotment Status
Ganesh Green Bharat IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
Ganesh Green Bharat IPO Dates & Listing Performance
| IPO Opening Date | 5 July 2024 |
| IPO Closing Date | 9 July 2024 |
| Finalization of Basis of Allotment | 10 July 2024 |
| Initiation of refunds | 11 July 2024 |
| Transfer of shares to demat accounts | 11 July 2024 |
| IPO Listing Date | 12 July 2024 |
| Opening Price on NSE SME | INR 361 per share (up 90%) |
| Closing Price on NSE SME | INR 379.05 per share (up 99.50%) |
Ganesh Green Bharat Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email:Â [email protected]
Website:Â www.hemsecurities.com
Ganesh Green Bharat Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
Ganesh Green IPO Contact Details
GANESH GREEN BHARAT LIMITED
F – 202. S.G. Business Hub, S.G. Highway,
Ahmedabad- 382470 Gujarat, India
Phone: +91-79-29703080
E-mail: [email protected]
Website: www.ganeshgreen.com
IPO FAQs
What is the Ganesh Green Bharat offer size?
Ganesh Green Bharat offer size is INR 119.30 – 125.23 crores.
What is the Ganesh Green Bharat offer price band?
Ganesh Green Bharat public offer price is INR 181 – 190 per share.
What is the lot size of the Ganesh Green Bharat IPO?
Ganesh Green Bharat offer a lot size is 600 shares.
What is Ganesh Green Bharat IPO GMP today?
Ganesh Green Bharat IPO GMP today is INR 230 per share.
What is the Ganesh Green Bharat kostak rate today?
Ganesh Green Bharat kostak rate today is INR NA per application.
What is Ganesh Green Bharat Subject to the Sauda rate today?
Ganesh Green Bharat is Subject to the Sauda rate today is INR 1,08,000 per application.
