Ganesh Green Bharat IPO

Incorporated in April 2016, Ganesh Green Bharat Limited is an Electrical Contracting Service company. The company offers a range of services including the supply, installation, testing, and commissioning (SITC) of solar and electrical goods and services to various government bodies. The company has completed projects under various government schemes, such as the Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna. Additionally, we have ventured into 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, the company's Order Book includes: 10 work orders for Solar System & Allied Services 7 work orders for Electrical contracting services 1 work order for Water Supply Scheme Projects The company has a team of 10 engineers supported by third-party consultants and industry experts to ensure compliance with industry and government standards. The company's clients include government departments of eight states, such as Gujarat Industrial Development Corporation (GIDC), Ahmedabad Municipal Corporation (AMC), Rajasthan Renewable Energy Corporation Limited (RRECL), and several others. It also sells Solar PV modules to private sector organizations. As of March 31, 2024, the company had around 39 employees and contract labor at its project sites.

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.

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