Ganesh Green Bharat Limited IPO subscription starts on Friday, July 5 and ends on Tuesday, July 9. The IPO is a book-built issue of Rs. 125.23 crores. The issue is entirely fresh issue of 65.91 lakh shares. Ganesh Green Bharat Limited IPO price band sets at Rs.181 to Rs.190 per equity share with a face value of Rs.10 each. The issue shall be listed on NSE SME (small and medium enterprises) with tempting date fixed as Friday, July 12, 2024.
The minimum order quantity of the issue is 600 equity shares and in multiples thereof. The minimum amount of investment required for Retail is ₹1,14,000. The minimum bid size for HNI’s is 2 lots aggregating to ₹2,28,000. The company has reserved 50% shares of the issue for QIBs, 15% for NIIs and 35% for Retails.
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Hem Securities Limited is book-running lead manager. HDFC Bank Limited is sponsor bank of the issue. KFin Technologies Limited is registrar to the IPO.
Financials
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Revenue | 171.96 | 90.59 | 106.12 |
| PAT | 21.83 | 8.16 | 5.21 |
| PAT Margin | 11.69% | 9.04% | 4.93% |
| Cash Flow | 0.17 | 2.37 | 8.46 |
| Borrowings | 53.70 | 27.39 | 22.47 |
Risk Factors
- The company’s business is working capital intensive.
Objects of the Issue
- Repayment in full or in part, of certain of outstanding borrowings
- Funding Capital Expenditure towards installation of additional plant and machinery
- Funding to meet working capital requirements
- General corporate purposes.
About Ganesh Green Bharat Limited
Established in 1998 as a proprietary concern and now a soon to be listed concern, headquartered in Ahmedabad, Gujarat, India, Ganesh Green Bharat Limited is the EPC sustainable solutions provider in India. The company has a business in Solar, Water Supply and Electrification. GGBL manufactures solar panel and lithium battery.