Ganesh Green Bharat Limited
Bookbuilding IPO · NSE
- Price band
- ₹181 - ₹190
- Lot size
- 600 shares
- Issue amount
- ₹125.23 cr
- Total subscription
- 233.48×
- Opens
- 5 Jul 2024
- Closes
- 9 Jul 2024
- Allotment
- 10 Jul 2024
- Listing
- 12 Jul 2024
Offer at a glance
Issue overview
- Issue size
- 65,91,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,08,600
- Fresh issue
- ₹125.23 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,14,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,82,10,000
- Shares after issue
- 2,48,01,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 600 | ₹1,14,000 |
| HNI | 2 | 1,200 | ₹2,28,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 23.53 | 3,635.33 |
| RETAIL | 41.2 | 7,287.21 |
| NIB | 17.66 | 8,313.53 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 10.92 | 4.48 | 2.86 |
| ROE | 46.42 | 26.18 | 21.28 |
| ROCE | 29.98 | 21.7 | 18.83 |
| RONW | 34.72 | 23.15 | 19.23 |
| PRE IPO(PE) | 15.85 | 0 | 0 |
| POST IPO(PE) | 23.33 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- 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.
- 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.
- 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.
Risk factors
- 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.
- 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.
- 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.
Promoters
Ketanbhai Narsinhbhai Patel
Rajendrakumar Narsinhbhai Patel
Niravkumar Sureshbhai Patel
Shilpaben Ketanbhai Patel
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
F-202. S.G. Business Hub, S.G. Highway Ahmedabad-382470
+91-79-29703080
[email protected]Company website ↗Understanding GGBL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.