Skip to main content
NSE - SMEListed
Ganesh Green Bharat Limited Logo

Ganesh Green Bharat Limited IPO

Ganesh Green Bharat Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 361.00 (+90.00%)

Having completed its public offering, Ganesh Green Bharat Limited's is now listed and trading on the NSE exchange as of 12-07-2024. The IPO raised cumulative capital of 65,91,000 Shares, including 65,91,000 Shares in primary capital infusion.

The IPO was conducted with a price range of ₹181 to ₹190 and minimum investment requirement of 600 shares. subscription activity between 05-07-2024 and 09-07-2024 reflected market assessment of the offering's valuation and prospects.

The allotment process finalized on 10-07-2024 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.

Ganesh Green IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Ganesh Green IPO Key Performance Indicator
Company Financials ( in Lakhs )

Ganesh Green IPO About Company

Ganesh Green Bharat Limited, incorporated in April 2016, is a leading Electrical Contracting Service provider specializing in the supply, installation, testing, and commissioning (SITC) of solar and electrical systems for various government projects. The company has successfully executed projects under key initiatives such as the Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna, while also expanding into water supply infrastructure with projects like the Mukhya Mantri Nishchay Quality Affected Yojna and Har Ghar Jal (Jal Jeevan Mission). As of March 31, 2024, its Order Book includes 10 work orders for Solar System & Allied Services, 7 for Electrical Contracting Services, and 1 for Water Supply Scheme Projects. Serving government departments across eight states, including Gujarat Industrial Development Corporation (GIDC), Ahmedabad Municipal Corporation (AMC), and Rajasthan Renewable Energy Corporation Limited (RRECL), the company also caters to private sector clients for Solar PV modules. With a team of 10 engineers, supported by third-party consultants and industry experts, it ensures compliance with industry and government standards. By March 31, 2024, Ganesh Green Bharat Limited had approximately 39 employees and contract laborers at various project sites, reinforcing its role as a trusted partner in India's renewable energy and infrastructure sectors.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Ganesh Green IPO Strength Factors

  1. Comprehensive Service Offering: Ganesh Green Bharat Limited provides end-to-end solutions, including SITC (Supply, Installation, Testing & Commissioning) of solar and electrical products, as well as water supply project management, serving both government and private sector clients.
  2. Industry Expertise & Growth Potential: The company capitalizes on the expanding solar energy sector, leveraging its in-house design and execution team with a strong track record of successful project deliveries.
  3. Strong Clientele & Skilled Workforce: With government contracts across eight states and private sector partnerships, the company is supported by a dedicated team of 10 engineers and 39 employees, ensuring high-quality execution and regulatory compliance.

Ganesh Green IPO Risk Factors

  1. Revenue Sensitivity to Government Budgets: The company's financial performance is heavily reliant on government-funded projects. Any reduction in budget allocations for the sector could limit available opportunities and impact revenue.
  2. Risk of Competitive Bidding: As government contracts are secured through a competitive bidding process, failure to qualify for or win future bids could adversely affect business growth and operational stability.
  3. Dependence on Key Employees: The company relies on its in-house design and engineering team for project execution. The loss of key personnel could disrupt operations and hinder project completion.

Ganesh Green IPO Lead Manager(s)

  • Hem Securities Limited

Ganesh Green IPO Promoter(s)

  1. Ketanbhai Narsinhbhai Patel
  2. Rajendrakumar Narsinhbhai Patel
  3. Niravkumar Sureshbhai Patel
  4. Shilpaben Ketanbhai Patel

Ganesh Green IPO Company Details

Ganesh Green Bharat Limited
Phone:
address:

Ganesh Green IPO Registrar

Kfin Technologies Limited
Name:
Phone:

Ganesh Green IPO FAQs