Ganesh Green Bharat IPO
The initial public offering (IPO) of Ganesh Green Bharat will open for subscription on July 05 and close on July 09, comprising only fresh issues of Rs.125.23 crore. An investor can apply for the issue for a minimum of 600 shares and the listing will happen on July 12, 2024.
#1. Quick Intro to Ganesh Green Bharat
Ganesh Green Bharat Limited (2019) is engaged in the business of Solar System & Allied Services, Electrical contracting services Water Supply Scheme Projects and as a manufacturer of solar photovoltaic (“PV”) modules. The company’s in-house engineering and design capabilities help offer diversified products and solutions to customers in each of the product categories in which the company operate. The comprehensive solutions include our services as an EPC contractor involving designing, engineering, construction, installation and commissioning projects.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Ganesh Green Bharat
The company intends to use the IPO Funds for the following purposes:
- Repayment of full or part of certain outstanding borrowing
- Funding capital expenditure towards the installation of additional plant and machinery at the factory
- Funding for working capital requirement
- General corporate purposes and issue expenses.
#3. Ganesh Green Bharat Core Strengths
- Orderbook of projects across India
- Stable financial position/performance
- A wide and diverse range of product offerings
- Experienced promoters and management team
- Inhouse designing and execution team
#4. Ganesh Green Bharat IPO Review & Rating
| Issue Size | Rs.125.23 crore |
| Issue Price | Rs.181-190 per share |
| Minimum Lot Size | 600 Shares |
| Total Profit (Latest) | Rs. 2183.02 Lakh |
| ROE | 46.42% |
| RONW (%) | 29.98% |
| Listing on | NSE SME |
| IPO Deliver Rating | Two |
#5. Ganesh Green Bharat IPO Dates, Price Band & Details
Ganesh Green Bharat IPO will open on July 5, 2024, and close on July 09, 2024. The IPO is to be listed on July 12, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.125.23 crore |
| Price Brand | Rs.181-190 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | July 05, 2024 |
| IPO Close Date | July 09, 2024 |
| IPO Allotment Date | July 10, 2024 |
| Refund Date | July 11, 2024 |
| Share Credit Date | July 11, 2024 |
| Listing Date | July 12, 2024 |
#6. Ganesh Green Bharat IPO Offer Details
Ganesh Green Bharat IPO’s total issue size is 65,91,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 65,91,000 | 125.23 |
| Offer for Sale (OFS) | – | – |
#7. Ganesh Green Bharat Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category (Rs.) | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Total Revenue | 17196.48 | 9059.53 | 10612.10 |
| Net Worth | 5727.64 | 3522.91 | 2707.34 |
| Profit | 1988.50 | 815.57 | 520.75 |
| Total Borrowings | 5370.17 | 2738.89 | 2247.06 |
#8. Ganesh Green Bharat Quantitative Factors
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| EPS (Rs.) | 10.92 | 4.48 | 2.86 |
| RoNW (%) | 34.72 | 23.15 | 19.23 |
| NAV (Rs.) | 31.46 | 19.36 | 14.88 |
#9. Ganesh Green Bharat Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Cr.) |
RoNW (%) | EPS |
| Solex Energy | 368.02 | 18.89 | 10.92 |
| Waaree Renewable | 879.89 | 63.80 | 14.22 |
#10. Ganesh Green Bharat Company Promoters
The company has four promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Ketanbhai Narsinbhai Patel |
| 02. | RajenderKumar Narsinbhai Patel |
| 03. | Niravkumar Sureshbhai Patel |
| 04. | Shilpaben Ketanbhai Patel |
#11. Ganesh Green Bharat Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 100 |
| Post-issue | 73.42 |
#12. Ganesh Green Bharat IPO Reservation Details
Ganesh Green Bharat IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not Less than 35% of the Net Offer |
| NII Shares Offered | Not Less than 15% of the Net Offer |
#13. Ganesh Green Bharat IPO – Lot Size
An investor can apply for a minimum of 600 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 600 | 1,14,000 |
| Retail (Max.) | 1 | 600 | 1,14,000 |
| HNI (Min.) | 2 | 1200 | 2,28,000 |
#14. Ganesh Green Bharat IPO – Prospectus Copy
An investor can download/view the Ganesh Green Bharat prospectus copy, which the company filed to exchange, details are as follows.
| Ganesh Green Bharat IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Ganesh Green Bharat IPO Registrar
Kfin Technologies Limited
Website: www.kfintech.com
#16. Ganesh Green Bharat IPO Lead Managers
Hem Securities Limited
Website; www.hemsecurities.com
#17. Ganesh Green Bharat IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Ganesh Green Bharat IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Ganesh Green Bharat Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Ganesh Green Bharat Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Ganesh Green Bharat Company Details
Ganesh Green Bharat Limited
Registered Office: F-202, S.G, Business Hub, S.G Highway Ahmedabad-382470, Gujarat
Email: cs@ganeshgreen.com
Website: www.ganeshgreen.com
Investor Grievances/Compliance Officer: P.M Joshi
#19. Ganesh Green Bharat Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | Suraj Energy Green Private Limited |
| 02. | – |
#20. Ganesh Green Bharat Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Ketanbhai Narsinbhai Patel |
| 02. | RajenderKumar Narsinbhai Patel |
Ganesh Green Bharat IPO – Frequently Asked Questions (FAQs)
| #1. What is a Ganesh Green Bharat IPO?
Ganesh Green Bharat brings its IPO of Rs.125.23 crore, on July 05, 2024, with a price band of Rs.181-190 per share. |
| #2. What is the Ganesh Green Bharat IPO Open date?
Ganesh Green Bharat IPO’s opening date is July 05, 2024. |
| #3. What is the Ganesh Green Bharat IPO Close Date?
Ganesh Green Bharat IPO’s closing date is July 09, 2024. |
| #4. What is the Ganesh Green Bharat IPO Listing date?
Ganesh Green Bharat’s IPO listing date is July 12, 2024. |
| #5. What is the Ganesh Green Bharat IPO Minimum investment amount?
Ganesh Green Bharat IPO’s minimum investment amount is Rs. 1,14,000. |
| #6. What is the Ganesh Green Bharat IPO offer issue Size?
Ganesh Green Bharat offers an issue size of Rs.125.23 crore |
| #7. What is the Ganesh Green Bharat IPO Price Band?
Ganesh Green Bharat’s IPO price band is Rs.181-190 per share. |
| #8. Is Ganesh Green Bharat IPO mainboard IPO or SME IPO?
Ganesh Green Bharat IPO is an SME IPO. |
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