Ganesh Green Bharat Limited (NSE SME)

Jul 5, 2024 - Jul 9, 2024

Price ₹181 - ₹190
Premium ₹235
Lot size 600
Allotment Jul 10, 2024
Listing Jul 12, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 600 114000 3614
HNI 2 1200 228000 1549

Last updated on 09-Jul-2024 17:01:02

CategoryOfferedAppliedTimes
QIB1238400191333400154.5
NIB929400437554200470.79
RETAIL2168400383537400176.88
Total43362001012425000233.48
Retail Apps639229© IPO Premium
HNI Interest Cost Per Share (7 Days)
@7%
₹120.08
@8%
₹137.24
@9%
₹154.39
@10%
₹171.55
@11%
₹188.7
@12%
₹205.86
About

Ganesh Green Bharat IPO Details

Issue Size 6,591,000 shares
(aggregating up to ₹125.23 Cr)
Fresh Issue 6,591,000 shares
(aggregating up to ₹125.23 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue 18,210,000
Share holding post issue 24,801,000
Market Maker portion

331,200 shares

Hem Finlease

Ganesh Green Bharat IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Key Performance Indicator

KPI Mar-24 Mar-23 Mar-22
ROE 46.42% 26.18% 21.28%
ROCE 29.98% 21.70% 18.83%
D/E 0.91 0.78 0.83
RONW 34.72% 23.15% 19.23%
EPS
(basic & diluted)
10.92 4.48 2.86
P/E
(Pre IPO)
15.85    
P/E
(Post IPO)
23.33    

Company Financials

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 Mar 2024 Mar 2023 Mar 2022
Assets 15,029.82 8,786.05 8,835.50
Revenue 17,196.48 9,059.53 10,612.10
Profit 2,183.02 815.57 520.75
Net Worth 5,727.64 2,707.34 2,707.34
Reserves 3,906.64 3,402.91 2,587.34
Borrowing 5,370.17 2,738.89 2,247.06
Amount in ₹ Lakhs

About Company

Ganesh Green Bharat Limited, incorporated in April 2016, is a prominent Electrical Contracting Service company specializing in the supply, installation, testing, and commissioning (SITC) of solar and electrical goods and services for various government bodies. The company has successfully completed projects under schemes such as the Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna. Expanding its expertise, Ganesh Green Bharat Limited also engages in 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, their Order Book boasts 10 work orders for Solar System & Allied Services, 7 for Electrical Contracting Services, and 1 for Water Supply Scheme Projects. The company employs a team of 10 engineers, supplemented by third-party consultants and industry experts, ensuring compliance with industry and government standards. With a client base that includes government departments from eight states, such as the Gujarat Industrial Development Corporation (GIDC), Ahmedabad Municipal Corporation (AMC), and Rajasthan Renewable Energy Corporation Limited (RRECL), and also caters to private sector organizations with Solar PV modules. By March 31, 2024, Ganesh Green Bharat Limited had approximately 39 employees and contract labor at its project sites.

Strength Factors

Diversified Solutions: Ganesh Green Bharat Limited offers a wide range of services, including SITC of solar and electrical goods, as well as water supply project management, catering to various government schemes and private sector needs.

Industry Growth and Expertise: The company leverages its capabilities to capitalize on strong industry growth prospects in solar energy, supported by an in-house design and execution team with a proven track record of successful project completions.

Robust Client Base and Workforce: With a strong client base including government departments from eight states and private sector organizations, the company is backed by a dedicated team of 10 engineers and around 39 employees, ensuring compliance with industry and government standards.

Risk Factors

Budget Dependency: The company's revenue is highly dependent on government projects, and any reduction in budgetary allocations to the industry sector could reduce the number of available projects, directly impacting business operations.

Competitive Bidding: Projects are awarded through competitive bidding by government bodies. Failure to qualify for or win future bids could adversely affect the company's business and operational results.

Employee Reliance: The company's reliance on its in-house designing and engineering team means that the loss of key employees could negatively impact project execution and overall business performance.

Lead Manager(s)

Ganesh Green Bharat IPO Lead Manager(s)

  • Hem Securities Limited
Strength
Weakness
Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: ggbl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/