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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹125.23 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹125.23 Cr |
| Fresh Issue | ₹118.94 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹181.00-190.00 per share |
| Discount | Retail: 0.00,Employee: 0.00 |
| NSE Code | GGBL |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Hem Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 600 shares and in multiples thereof
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:
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment in full or in part, of certain of the outstanding borrowings; | 19.00 |
| 2 | Funding Capital Expenditure towards installation of additional plant and machinery at the factory | 11.52 |
| 3 | Funding to meet working capital requirements | 60.00 |
| 4 | General Corporate Purpose | 26.90 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 150.30 | 87.86 | 88.36 |
| Total Income | 171.96 | 90.60 | 106.12 |
| Profit After Tax | 21.83 | 8.16 | 5.21 |
| NET Worth | 57.28 | 27.07 | 27.07 |
| Reserves and Surplus | 39.07 | 34.03 | 25.87 |
| Total Borrowing | 53.70 | 27.39 | 22.47 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 46.42% |
| ROCE | 29.98% |
| Debt / Equity | 0.94% |
| RoNW | 34.72% |
| PAT Margin | 11.69% |
| Price to Book Value | 0.00 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 11.99 | 8.15 |
| P/E (x) | 15.85 | 23.33 |
| Promoter Holding | 100% | 73.42% |
| Market Cap | ₹509.22 Cr. | |
