Ganesh Infraworld Limited IPO is opening on 29 November 2024 for subscription. It will run until 3 December 2024. This is a book-built SME IPO seeking to raise around ₹ 98.58 crore. From fresh equity shares issue of 118.77 lakh shares.
The allotment for the Ganesh Infraworld Ltd. IPO is expected to be announced on Wednesday, 4 December 2024. Ganesh Infraworld shares will be listed on NSE SME on Thursday, 6 December 2024 as decided yet.
The price band set for the Ganesh Infraworld IPO is between ₹ 78 and ₹ 83 apiece. The minimum ipo lot size of 1600 shares, which means the minimum retail investment, has to be ₹132800. For the HNIs, the minimum number of lots they have to buy is two, which makes the minimum investment ₹ 265600.
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Ganesh Infraworld NSE SME IPO Details
| Detail | Information |
| IPO Opening Date | November 29, 2024 |
| IPO Closing Date | December 3, 2024 |
| Tentative IPO Listing Date | December 6, 2024 |
| Face Value | ₹5 per share |
| Price Range | ₹78 to ₹83 per share |
| Lot Size | 1600 shares |
| Total Issue Size | 11876800 shares (₹98.58 Cr) |
| Fresh Issue | 11876800 shares (₹98.58 Cr) |
| IPO Segment | Book Built Issue |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 30844597 shares |
| Shareholding Post-issue | 42721397 shares |
Ganesh Infraworld Limited | Company Overview
Ganesh Infraworld Limited was started seven years back in 2017 and in these few years, it has carved a niche for itself with an array of construction services. The firm caters to industrial, residential, civil, as well as commercial real estate projects. Apart from these, it also deals in railway construction, roads, and water distribution projects as well.
The key specifications of the company are given below –
- In the civil and electrical infrastructure segment, it deals in both residential and commercial buildings including offices, medical colleges, hospitals, and towers.
- It engages in electrification projects of different substations, high-voltage transformers, power distribution lines, and installation of heavy machinery in power stations.
- In the rail and roadway infrastructure segment, it specializes in excavation, laying concrete and bituminous roads, backfilling, and others.
- The company engages in the designing, testing, erecting, and commissioning of overhead equipment for the railway sector.
- In the water distribution system segment, this firm offers services such as laying pipelines and building water treatment plants, pumping stations, and reservoirs.
- It was engaged in the renowned project “Har Ghar Jal Mission” in UP.
The main clientele of Ganesh Infraworld are –
- Magnum Ventures Ltd.
- JD Cables Pvt. Ltd.
- Raikela Iron Ore Mines
- Celica MotoCorp Pvt. Ltd.
- Nirmala Developers
- Others
The business is currently more focussed in the northern-western and northern states of the country including –
- Jammu & Kashmir
- Uttar Pradesh
- Rajasthan
- Maharashtra
- Haryana
- Jharkhand
- Bihar
- Odisha and others.
The value of active projects of the company stood at ₹ 57485.53 lakh as of 31 August 2024.
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Ganesh Infraworld Limited IPO | Key Details
- Ganesh Infraworld IPO Opening Date: November 29, 2024,
- Ganesh Infraworld IPO Closing Date: December 3, 2024,
- Allotment Date: December 4, 2024
- Price Band: ₹78 to ₹ 83 per share
- Lot Size: 1600 shares
- Refunds Initiated: December 5, 2024
- Shares Credited to Demat: December 5, 2024
- Listing Date: December 6, 2024
Ganesh Infraworld Ltd: Financial Overview
Ganesh Infraworld Ltd.’s profit for FY24 increased close to 200% however, the firm took a significantly high amount of debt, which increased its total borrowing by 333%, and this has been mainly to buy assets as assets of the firm for the same period also shot up by 315.42%.
Here are the details of the financials of the firm –
All figures in ₹ Lakhs
| Financial Information | 31 Mar 2024 | 31 Mar 2023 | Change (31 Mar’23 – 31 Mar’24) | Change (%) |
| Assets | 17,725.32 | 4,266.89 | 13,458.43 | 315.42 |
| Revenue | 29,181.12 | 13,504.85 | 15,676.27 | 116.08 |
| Profit After Tax | 1,554.47 | 520.92 | 1,033.55 | 198.41 |
| Net Worth | 3,720.04 | 1,515.22 | 2,204.82 | 145.51 |
| Reserves and Surplus | 2,622.26 | NA | #VALUE! | NA |
| Total Borrowing | 3,072.42 | 708.96 | 2,363.46 | 333.37 |
FAQs | Ganesh Infraworld Ltd IPO
Ganesh Infraworld Ltd is engaged in the construction of residential, commercial, industrial, and infrastructure projects. From electrification to setting up power stations, it does it all.
The tentative IPO listing date of Ganesh Infraworld has been fixed as Friday, December 6, 2024.
The bidding date for the Ganesh Infraworld IPO is November 29, 2024, and it will continue until December 3, 2024.
The minimum IPO lot size for Ganesh Infraworld is 1600 shares. For HNIs, it is 2 lots as the minimum investment requirement.
The IPO allotment is expected to be finalized on Wednesday, December 4, 2024.
The IPO face value is set at ₹5 per share.
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