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 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 |
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
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Nov 29, 2024 | 0.00 | 1.25 | 2.47 | 1.50 |
| Day 2 Dec 2, 2024 | 3.51 | 20.84 | 36.80 | 23.87 |
| Day 3 Dec 3, 2024 | 163.52 | 865.82 | 274.48 | 369.56 |
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
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 06-12-2024 | 83.00 | 78(93.98%) | 161 |
| 05-12-2024 | 83.00 | 78(93.98%) | 161 |
| 04-12-2024 | 83.00 | 78(93.98%) | 161 |
| 03-12-2024 | 83.00 | 78(93.98%) | 161 |
| 02-12-2024 | 83.00 | 68(81.93%) | 151 |
| 01-12-2024 | 83.00 | 35(42.17%) | 118 |
| 30-11-2024 | 83.00 | 35(42.17%) | 118 |
| 29-11-2024 | 83.00 | 35(42.17%) | 118 |
| 28-11-2024 | 83.00 | 35(42.17%) | 118 |
| 27-11-2024 | 83.00 | 14(16.87%) | 97 |
| 26-11-2024 | 83.00 | 11(13.25%) | 94 |
| 25-11-2024 | 83.00 | 12(14.46%) | 95 |
| 24-11-2024 | 83.00 | 9(10.84%) | 92 |
| 23-11-2024 | 83.00 | 9(10.84%) | 92 |
| 22-11-2024 | 83.00 | 9(10.84%) | 92 |
| 21-11-2024 | 83.00 | 9(10.84%) | 92 |
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 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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹132,800 |
| Retail (Max) | 1 | 1600 | ₹132,800 |
| HNI (Min) | 2 | 3,200 | ₹265,600 |
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 Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 12,006.17 | 17,725.32 | 4,266.89 |
| Revenue | 21,232.86 | 29,181.12 | 13,504.85 |
| Profit After Tax | 1,537.2 | 1,554.47 | 520.92 |
| Net Worth | 6,617.24 | 3,720.04 | 1,515.22 |
| Reserves and Surplus | 5,075.01 | 2,622.26 | |
| Total Borrowing | 1,033.02 | 3,072.42 | 708.96 |
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 |
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%) |
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
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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