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
Category | Offered | Applied | Times |
---|---|---|---|
QIB | 1238400 | 191333400 | 154.5 |
NIB | 929400 | 437554200 | 470.79 |
RETAIL | 2168400 | 383537400 | 176.88 |
Total | 4336200 | 1012425000 | 233.48 |
Retail Apps | 639229 | © 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 |
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.
Ganesh Green Bharat IPO Lead Manager(s)
- Hem Securities Limited
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ggbl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/