Ganesh Green Bharat IPO is preparing to make waves in the financial market with its announcement of a Rs 125.23 crore public offering, solely comprising fresh issues of 65.91 lakh shares. This move marks a pivotal moment for the company and potential investors alike, as it aims to broaden its market reach and enhance operational capabilities.
IPO Snapshot
Scheduled to open on July 5, 2024, and close on July 9, 2024, the IPO is set to list on the NSE SME platform with an expected listing date of July 12, 2024. With a price band of ₹181 to ₹190 per share, the offering poses an interesting opportunity for both retail and high-net-worth individual (HNI) investors.
- 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)
- Issue Type: Book Built Issue IPO
- Listing At: NSE SME
Investor Categories and Reservation
- 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 Overview
| Item | Details |
|---|---|
| IPO Date | July 5, 2024 to July 9, 2024 |
| Listing Date | July 12, 2024 |
| 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) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Ganesh Green Bharat IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
| NII (HNI) | Not less than 15% of the Net Issue |
Ganesh Green Bharat IPO Timeline (Tentative Schedule)
| Event | Date |
|---|---|
| IPO Open Date | July 5, 2024 |
| IPO Close Date | July 9, 2024 |
| Basis of Allotment | July 10, 2024 |
| Initiation of Refunds | July 11, 2024 |
| Credit of Shares to Demat | July 11, 2024 |
| Listing Date | July 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 9, 2024 |
Ganesh Green Bharat IPO Lot Size and Investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹114,000 |
| Retail (Max) | 1 | 600 | ₹114,000 |
| HNI (Min) | 2 | 1,200 | ₹228,000 |
Ganesh Green Bharat Financials (Restated Consolidated)
| Period Ended | March 31, 2024 | March 31, 2023 | March 31, 2022 |
|---|---|---|---|
| Assets (₹ Lakhs) | 15,029.82 | 8,786.05 | 8,835.50 |
| Revenue (₹ Lakhs) | 17,196.48 | 9,059.53 | 10,612.10 |
| Profit After Tax (₹ Lakhs) | 2,183.02 | 815.57 | 520.75 |
| Net Worth (₹ Lakhs) | 5,727.64 | 2,707.34 | 2,707.34 |
| Reserves and Surplus (₹ Lakhs) | 3,906.64 | 3,402.91 | 2,587.34 |
| Total Borrowing (₹ Lakhs) | 5,370.17 | 2,738.89 | 2,247.06 |
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Financial and Operational Highlights
Ganesh Green Bharat Limited, established in April 2016, is an Electrical Contracting Service company that has expanded its expertise into the solar and electrical goods and services sectors. Their projects range across various government schemes, enhancing their portfolio and presence in the industry.
- Revenue Growth: A robust increase of 89.82% from the previous fiscal year.
- Profit After Tax (PAT): An impressive rise of 167.67% year-over-year.
- Clientele: Includes government departments across eight states, showcasing a strong market presence and reliability.
| Financial Metrics (as of March 31, 2024) | 2024 (₹ Lakhs) | 2023 (₹ Lakhs) | 2022 (₹ Lakhs) |
|---|---|---|---|
| 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 |
Key Investment Considerations
The IPO serves several strategic purposes:
- Debt Reduction: Addressing outstanding borrowings to enhance financial health.
- Capital Investments: Upgrading plant and machinery to boost production capabilities.
- Working Capital: Ensuring sufficient funds to manage day-to-day operations effectively.
Expected Market Performance
With a market capitalization post-IPO estimated at Rs 509.22 Cr, the financials suggest a promising horizon. The price-to-earnings (P/E) ratio will adjust from 15.85 pre-IPO to an estimated 23.33 post-IPO, reflecting the growth potential and investor confidence in Ganesh Green Bharat’s business model.
People May Ask
What is the price band for Ganesh Green Bharat IPO?
The price band is set between ₹181 and ₹190 per share.
When can investors start applying for the IPO?
The IPO opens on July 5, 2024, and closes on July 9, 2024.
What is the minimum investment required for retail investors?
Retail investors can start with a minimum investment of ₹114,000 for 600 shares.
What are the main objectives of the IPO?
The proceeds will be used for debt repayment, capital expenditure, and working capital needs.
How will the IPO impact the company’s debt situation?
It is expected to significantly reduce the company’s debt, improving its overall financial stability.
