Ganesh Green Bharat Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 3,096,000 (47%) | — | ₹5,882 Cr |
| NII (HNI) | — | 929,400 (14%) | — | ₹1,766 Cr |
| Retail | — | 2,168,400 (33%) | — | ₹4,120 Cr |
| Market Maker | — | 331,200 (5%) | — | ₹63 Cr |
| Σ Total | — | 6,591,000 (100%) | — | ₹125,229 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹114,000 |
| Retail (Max) | 13 | 7,800 | ₹1,482,000 |
| S-HNI (Min) | 14 | 8,400 | ₹1,596,000 |
| B-HNI (Min) | 67 | 40,200 | ₹7,638,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 17,196 | 9,060 | 10,612 |
| Profit After Tax | 2,183 | 816 | 521 |
| Net Worth | 5,728 | 2,707 | 2,707 |
| Total Assets | 15,030 | 8,786 | 8,836 |
| Reserves & Surplus | 3,907 | 3,403 | 2,587 |
| Total Borrowing | 5,370 | 2,739 | 2,247 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment in full or in part, of certain of the outstanding borrowings; –
- Funding Capital Expenditure towards installation of additional plant and machinery at the factory –
- Funding to meet working capital requirements –
- General Corporate Purpose. –
Company Overview
Incorporated in April 2016, Ganesh Green Bharat Limited is an Electrical Contracting Service company. The company offers a range of services including the supply, installation, testing, and commissioning (SITC) of solar and electrical goods and services to various government bodies.
The company has completed projects under various government schemes, such as the Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna. Additionally, we have ventured into designing, building, installing, operating, and maintaining water supply projects like the Mukhya Mantri Nishchay Quality Affected Yojna, and Har Ghar Jal (Jal Jeevan Mission).
As of March 31, 2024, the company's Order Book includes:
- 10 work orders for Solar System & Allied Services
- 7 work orders for Electrical contracting services
- 1 work order for Water Supply Scheme Projects
The company has a team of 10 engineers supported by third-party consultants and industry experts to ensure compliance with industry and government standards.
The company's clients include government departments of eight states, such as Gujarat Industrial Development Corporation (GIDC), Ahmedabad Municipal Corporation (AMC), Rajasthan Renewable Energy Corporation Limited (RRECL), and several others. It also sells Solar PV modules to private sector organizations.
As of March 31, 2024, the company had around 39 employees and contract labor at its project sites.