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Ganesh Infraworld IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Nov 29 to Dec 03 2024
Price Band ₹78 - 83
Current GMP ₹157.7 (90.0%)
Subscription 369.56 times

IPO Details

IPO Date
November 29, 2024 to December 3, 2024
Listing Date
Friday, December 6, 2024
Face Value
₹5 per share
Price Band
₹78 to ₹83 per share
Lot Size
1600 Shares
Total Issue Size
11,876,800 shares (aggregating up to ₹98.58 Cr)
Fresh Issue
11,876,800 shares (aggregating up to ₹98.58 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
30,844,597
Share holding post issue
42,721,397
Market Maker portion
1,187,200 shares Rikhav Securities

IPO Subscription Details

Anchor Investors
1
Market Maker
1
Qualified Institutions
163.52
Non-Institutional Buyers***
865.82
Retail Investors
274.48
Total **
369.56

Day Wise Sub

DayDay 1 Nov 29, 2024
QIB0.00
NII*1.25
Retail2.47
Total1.50
DayDay 2 Dec 2, 2024
QIB3.51
NII*20.84
Retail36.80
Total23.87
DayDay 3 Dec 3, 2024
QIB163.52
NII*865.82
Retail274.48
Total369.56

Day Wise GMP

Date06-12-2024
Price83.00
GMP78(93.98%)
Estimate List Price161
Date05-12-2024
Price83.00
GMP78(93.98%)
Estimate List Price161
Date04-12-2024
Price83.00
GMP78(93.98%)
Estimate List Price161
Date03-12-2024
Price83.00
GMP78(93.98%)
Estimate List Price161
Date02-12-2024
Price83.00
GMP68(81.93%)
Estimate List Price151
Date01-12-2024
Price83.00
GMP35(42.17%)
Estimate List Price118
Date30-11-2024
Price83.00
GMP35(42.17%)
Estimate List Price118
Date29-11-2024
Price83.00
GMP35(42.17%)
Estimate List Price118
Date28-11-2024
Price83.00
GMP35(42.17%)
Estimate List Price118
Date27-11-2024
Price83.00
GMP14(16.87%)
Estimate List Price97
Date26-11-2024
Price83.00
GMP11(13.25%)
Estimate List Price94
Date25-11-2024
Price83.00
GMP12(14.46%)
Estimate List Price95
Date24-11-2024
Price83.00
GMP9(10.84%)
Estimate List Price92
Date23-11-2024
Price83.00
GMP9(10.84%)
Estimate List Price92
Date22-11-2024
Price83.00
GMP9(10.84%)
Estimate List Price92
Date21-11-2024
Price83.00
GMP9(10.84%)
Estimate List Price92

IPO Important Dates

IPO Open Date
Friday, November 29, 2024
IPO Close Date
Tuesday, December 3, 2024
Basis of Allotment
Wednesday, December 4, 2024
Initiation of Refunds
Thursday, December 5, 2024
Credit of Shares to Demat
Thursday, December 5, 2024
Listing Date
Friday, December 6, 2024
Cut-off time for UPI mandate confirmation
5 PM on December 3, 2024

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares1600
Amount₹132,800
ApplicationRetail (Max)
Lots1
Shares1600
Amount₹132,800
ApplicationHNI (Min)
Lots2
Shares3,200
Amount₹265,600

Financial Information

Period EndedPeriod Ended
31 Aug 202431 Aug 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Aug 202412,006.17
31 Mar 202417,725.32
31 Mar 20234,266.89
Period EndedRevenue
31 Aug 202421,232.86
31 Mar 202429,181.12
31 Mar 202313,504.85
Period EndedProfit After Tax
31 Aug 20241,537.2
31 Mar 20241,554.47
31 Mar 2023520.92
Period EndedNet Worth
31 Aug 20246,617.24
31 Mar 20243,720.04
31 Mar 20231,515.22
Period EndedReserves and Surplus
31 Aug 20245,075.01
31 Mar 20242,622.26
31 Mar 2023
Period EndedTotal Borrowing
31 Aug 20241,033.02
31 Mar 20243,072.42
31 Mar 2023708.96

Key Performance Indicator

ROE
29.74
ROCE
35.17
Debt/Equity
0.16
RoNW
29.74
P/BV
3.87
PAT Margin (%)
7.24
EPS (Rs)
5.04

IPO Reservation

Anchor Investor Shares Offered
32,03,200 (26.97%)
Market Maker Shares Offered
11,87,200 (10%)
QIB Shares Offered
21,37,600 (18%)
NII (HNI) Shares Offered
16,04,800 (13.51%)
Retail Shares Offered
37,44,000 (31.52%)
Total Shares Offered
1,18,76,800 (100%)

Information about company

Incorporated in 2017, Ganesh Infraworld Limited is a construction company offering a wide range of construction-related services. The company specializes in the construction of industrial, civil, residential, and commercial buildings, as well as road, railway, power, and water distribution projects across India. Key Business Segments: 1. Civil and Electrical Infrastructure Projects Includes residential and commercial buildings such as offices, hospitals, medical colleges, and towers. Expertise in electrification of substations, power distribution lines, high-voltage transformers, and installation of heavy machinery in power stations. 2. Road and Rail Infrastructure Development Projects Road projects include excavation, backfilling, and laying concrete and bituminous roads with necessary finishes like seal and tack coats. Rail projects involve designing, erecting, testing, and commissioning overhead equipment (OHE) for railway operations. 3. Water Infrastructure Development Projects Construction of water distribution systems, including laying pipelines, setting up pumping systems, water treatment plants, and reservoirs. Notable projects include participation in the "Har Ghar Jal Mission" in Uttar Pradesh in 2022-23. The company provides end-to-end EPC (Engineering, Procurement, and Construction) services, covering planning, design, execution, and material supply for civil, electrical, mechanical, and industrial projects. Ganesh Infraworld has clients such as Magnum Ventures Limited, Raikela Iron Ore Mines, JD Cables Private Limited, Celica Motocorp Private Limited, Jain International Power Limited, and Nirmala Developers. Ganesh Infraworld Limited operates in various states, including Rajasthan, Uttar Pradesh, Maharashtra, Odisha, Haryana, Jharkhand, Bihar, Jammu & Kashmir, Andhra Pradesh and Chhattisgarh. As of August 31, 2024, the company had 41 active projects valued at about Rs 57,485.53 lakhs. These projects are spread across 13 different states and sectors. As of August 31, 2024, the company has 42 department employees.

Objectives of IPO

The Company intends to utilize the gross proceeds raised through the Issue for the following objectives: To meet long-term working capital requirements; and General Corporate Purposes.

Disclaimer

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