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Ganesh Green Bharat SME IPO Details 2024

SME IPO Status: Listed [5th Jul 2024 to 9th Jul 2024]

Rated 3/5 by Team InvestorGain
Ganesh Green Bharat SME IPO Detail

Ganesh Green Bharat IPO, a SME IPO of ₹125.23 Cr was launced on 05-07-2024 to 09-07-2024 and the shares got listed on NSE SME on 12-07-2024.

The public issue of Ganesh Green Bharat IPO (GGBL) was offered at ₹190.00 per share and the ipo was listed at ₹361.00. It has delivered listing gain of 90.00%.

As the minimum lot size was 600 shares, the IPO has offered Rs 102600.00 per lot return on listing.

Ganesh Green Bharat SME IPO Details

SME IPO Issue Opening Date: 5th Jul 2024
SME IPO Issue Closing Date: 9th Jul 2024
SME IPO Issue Price: ₹181.00-190.00 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: NSE SME
Retail Quota: Not less than 35% of the Net Issue
SME IPO Issue Type: Book Build Issue
SME IPO Issue Size: ₹125.23 Cr
Fresh Issue: ₹125.23 Cr
Face Value: ₹10 Per Equity Share
SME IPO Discount: TBD
Promoter Holding Pre IPO: 100%
Promoter Holding Post IPO: 73.42%
Allotment Status: Allotment Status
NSE Code: GGBL

Ganesh Green Bharat SME IPO Important Dates

Get important updates regarding Ganesh Green Bharat SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Ganesh Green Bharat SME IPO dates
SME IPO Activity Date
Basis of Allotment Date* 10th Jul 2024
Refunds Initiation* 11th Jul 2024
Credit of Shares to Demat* 11th Jul 2024
SME IPO Listing Date* 12th Jul 2024

* - Tentative Dates

Ganesh Green Bharat SME IPO Lots

SME IPO Activity Date
Issue Price ₹181.00-190.00
Market Lot: 600 Shares
1 Lot Amount: ₹114000
Min HNI Lots: 1200 shares (2 lots)- ₹228000

Ganesh Green Bharat IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
12-07-2024190.00235107200₹425 (123.68%)12-Jul-2024 10:29
IPO Live GMP

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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Ganesh Green Bharat

Ganesh Green Bharat Limited was founded in April 2016. The company offers a comprehensive portfolio in the field of supply, installation, testing and commissioning (SITC) of solar and electrical products and services to various government entities. They have completed projects under various central and state schemes like Saubhagya Scheme, KUSUM Scheme, Saur Sujla Yojna. The company has also entered into the design, construction, installation and operation and maintenance of water supply projects like the Mukhya Mantri Nishchay Quality Affected Yojna, Har Ghar Jal (Jal Jeevan Mission) etc.

Later, in 2017, the company entered the renewable energy sector where it expanded its operations as an integrated solar energy solutions provider, offering engineering, procurement and construction services (“EPC”) and operation and maintenance services (“O&M”) for solar home lighting, solar street lighting, solar power plants (grid connected and off-grid), solar high masts, solar pumping systems, etc. In 2016, the Group attained the status of a distributor under the Ministry of New and Renewable Energy (MNRE) and completed a major project of 16,486 SPV home lighting systems in Rajasthan through Rajasthan Renewable Energy Corporation Limited (RRECL) in 2018.

Over the years, the Group has diversified its business as a service provider into several areas:

  1. Solar systems and allied services,
  2. Electrical installation services,
  3. Water supply projects and as a manufacturer of photovoltaic “modules".

The company has a wide range of products and solutions in each of the product categories in which it operates. Its comprehensive solutions also include EPC services that cover the planning, engineering, construction, installation and commissioning of projects.

Ganesh Green Bharat SME IPO Strengths

  • Diversified range of solutions.
  • Capabilities to capture strong industry tailwinds and growth prospects for solar energy.
  • Well-established track record for designing and execution team.
  • Experienced promoters and senior management team.
  • Stable financial performance.
Incorporation Sector IPO Issue Size Website
2016 Heavy Electrical Equipment ₹125.23 Cr https://ganeshgreen.com/

Ganesh Green Bharat SME IPO Objective

The company proposes to utilise the Net Proceeds from the Issue towards funding the following objects:

  • 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.

Our experts can help you prepare for SME IPO

Ganesh Green Bharat SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 1,238,400 Shares
  • Non-Institutional Investors: 929,400 Shares
  • Retail Individual Investor: 2,168,400 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered1,238,400 (28.13%)929,400 (21.11%)2,168,400 (49.26%)4,402,200
15th Jul 2024 19:315.79x8.56x18.86x12.73x
28th Jul 2024 19:3112.03x29.15x54.94x36.61x
39th Jul 2024 18:21154.50x470.44x176.88x229.92x

Ganesh Green Bharat Limited Financial Information (Restated Consolidated)

Ganesh Green Bharat Limited's revenue increased by 89.82% and profit after tax (PAT) rose by 167.67% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets15,029.828,786.058,835.50
Revenue17,196.489,059.5310,612.10
Profit After Tax2,183.02815.57520.75
Net Worth5,727.642,707.342,707.34
Reserves and Surplus3,906.643,402.912,587.34
Total Borrowing5,370.172,738.892,247.06
Amount in ₹ Lakhs

Ganesh Green Bharat SME IPO Peer Comparison

The table below show peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
Ganesh Green Bharat Limited10.9210.9234.72Consolidated
Solex Energy Limited10.9210.92133.8618.89Consolidated
Waaree Renewable Technologies Limited14.2214.22131.9163.8Consolidated
Zodiac Energy Limited7.57.594.1523.17Consolidated

Company Address

Ganesh Green Bharat Limited
F-202. S.G. Business Hub, S.G. Highway,
Ahemdabad,Gujarat-382 470
India
Website: https://ganeshgreen.com/
Phone: +91-79-29703080
Email: [email protected]

Ganesh Green Bharat SME IPO Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: [email protected]

Ganesh Green Bharat SME IPO Lead Manager

Ganesh Green Bharat SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for Ganesh Green Bharat? Should I apply in Ganesh Green Bharat SME IPO?

Last Updated on 16-Jul-2024 07:02:51

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Ganesh Green Bharat SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Ganesh Green Bharat SME IPO with Zerodha.

Alternate approch to apply in Ganesh Green Bharat SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Ganesh Green Bharat SME IPO Review and Important Updates

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Apply in Ganesh Green Bharat SME IPO online

To subscribe or apply in Ganesh Green Bharat SME IPO, you can use the following methods:

MethodDetails
Ganesh Green Bharat SME IPO Applying Mode
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Ganesh Green Bharat SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Ganesh Green Bharat SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Ganesh Green Bharat SME IPO. Most of the Syndicate Banks provide access to apply in Ganesh Green Bharat IPO via ASBA process. You must have your net banking access, DP ID information to apply in Ganesh Green Bharat SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Ganesh Green Bharat SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Ganesh Green Bharat SME IPO Review and Important Updates

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Ganesh Green Bharat SME IPO Application is not yet available.

 

Ganesh Green Bharat SME IPO is going to be list on 12-07-2024. NSE Code for Ganesh Green Bharat is GGBL.

Other relevant questions:

When Ganesh Green Bharat SME IPO will be listing? Ganesh Green Bharat SME IPO NSE listing date?Ganesh Green Bharat SME IPO date of listing

 

Ganesh Green Bharat SME IPO Allotment Date is 10-07-2024.

Other relevant questions:

Ganesh Green Bharat SME IPO share allotment date?Ganesh Green Bharat SME IPO allotment date?

 


User Reviews

6. Hare Ramakrishna Jasti Jul 11 2024 06:23:04 AM Reply
First SME allotment received from Ganesh Green.
5. Saurabh Jul 09 2024 01:41:40 PM Reply
If I want to apply in big hni catagory then price I should choose maximum of price band manually or lesser also can choose. How it impacts allotment chances.
4. Pulacharla Naganna Goud Jun 30 2024 11:02:51 PM Reply
Ganesh Green Bharat SME IPO good or bad.
4.1. mohak patel Jul 02 2024 05:05:54 PM
its very good ipo you can surly apply for this because the current trend of the market is for go green so you will get good listing gain
3. PANKAJ SHARMA Jun 30 2024 11:02:51 PM Reply
Ganesh Green Bharat SME IPO expected listing gain.
2. Kamal Kumar Shamadhia Jun 30 2024 11:02:51 PM Reply
Please confirm Ganesh Green Bharat SME IPO GMP (grey market premium) and kostak.
1. Pallavi Mali Jun 30 2024 11:02:51 PM Reply
Ganesh Green Bharat SME IPO whether to invest or not.