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SME IPO Status: Open [5th Jul 2024 to 9th Jul 2024]
Ganesh Green Bharat IPO, a SME IPO of ₹125.23 Cr opens for subscription from 05-07-2024 to 09-07-2024. The IPO consists of ₹125.23 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 181.00-190.00 per share. You can apply to the Ganesh Green Bharat SME IPO for a minimum lot of 600 shares amounting of Rs 114000.
The tentative listing date on the exchange (NSE SME) is 12-07-2024.Stay tuned with us to get more details about Ganesh Green Bharat SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 5th Jul 2024 |
| SME IPO Issue Closing Date: | 9th Jul 2024 |
| SME IPO Issue Price: | ₹181.00-190.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹125.23 Cr |
| Fresh Issue: | ₹125.23 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | 73.42% |
Get important updates regarding Ganesh Green Bharat SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 10th Jul 2024 |
| Refunds Initiation* | 11th Jul 2024 |
| Credit of Shares to Demat* | 11th Jul 2024 |
| SME IPO Listing Date* | 12th Jul 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹181.00-190.00 |
| Market Lot: | 600 Shares |
| 1 Lot Amount: | ₹114000 |
| Min HNI Lots: | 1200 shares (2 lots)- ₹228000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 07-07-2024 | 190.00 | 220 | 100300 | ₹410 (115.79%) | 7-Jul-2024 20:00 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Ganesh Green Bharat Limited was founded in April 2016. The company offers a comprehensive portfolio in the field of supply, installation, testing and commissioning (SITC) of solar and electrical products and services to various government entities. They have completed projects under various central and state schemes like Saubhagya Scheme, KUSUM Scheme, Saur Sujla Yojna. The company has also entered into the design, construction, installation and operation and maintenance of water supply projects like the Mukhya Mantri Nishchay Quality Affected Yojna, Har Ghar Jal (Jal Jeevan Mission) etc.
Later, in 2017, the company entered the renewable energy sector where it expanded its operations as an integrated solar energy solutions provider, offering engineering, procurement and construction services (“EPC”) and operation and maintenance services (“O&M”) for solar home lighting, solar street lighting, solar power plants (grid connected and off-grid), solar high masts, solar pumping systems, etc. In 2016, the Group attained the status of a distributor under the Ministry of New and Renewable Energy (MNRE) and completed a major project of 16,486 SPV home lighting systems in Rajasthan through Rajasthan Renewable Energy Corporation Limited (RRECL) in 2018.
Over the years, the Group has diversified its business as a service provider into several areas:
The company has a wide range of products and solutions in each of the product categories in which it operates. Its comprehensive solutions also include EPC services that cover the planning, engineering, construction, installation and commissioning of projects.
| Incorporation | Sector | IPO Issue Size | Website |
| 2016 | Heavy Electrical Equipment | ₹125.23 Cr | https://ganeshgreen.com/ |
The company proposes to utilise the Net Proceeds from the Issue towards funding the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,238,400 (28.13%) | 929,400 (21.11%) | 2,168,400 (49.26%) | 4,402,200 | |
| 1 | 5th Jul 2024 19:31 | 5.79x | 8.56x | 18.86x | 12.73x |
Ganesh Green Bharat Limited's revenue increased by 89.82% and profit after tax (PAT) rose by 167.67% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 15,029.82 | 8,786.05 | 8,835.50 |
| Revenue | 17,196.48 | 9,059.53 | 10,612.10 |
| Profit After Tax | 2,183.02 | 815.57 | 520.75 |
| Net Worth | 5,727.64 | 2,707.34 | 2,707.34 |
| Reserves and Surplus | 3,906.64 | 3,402.91 | 2,587.34 |
| Total Borrowing | 5,370.17 | 2,738.89 | 2,247.06 |
| Amount in ₹ Lakhs | |||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Ganesh Green Bharat Limited | 10.92 | 10.92 | 34.72 | Consolidated | ||
| Solex Energy Limited | 10.92 | 10.92 | 133.86 | 18.89 | Consolidated | |
| Waaree Renewable Technologies Limited | 14.22 | 14.22 | 131.91 | 63.8 | Consolidated | |
| Zodiac Energy Limited | 7.5 | 7.5 | 94.15 | 23.17 | Consolidated |
Last Updated on 07-Jul-2024 19:32:51
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Ganesh Green Bharat SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Ganesh Green Bharat SME IPO with Zerodha.
Alternate approch to apply in Ganesh Green Bharat SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Ganesh Green Bharat SME IPO Review and Important Updates
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To subscribe or apply in Ganesh Green Bharat SME IPO, you can use the following methods:
| Ganesh Green Bharat SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Ganesh Green Bharat SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Ganesh Green Bharat SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Ganesh Green Bharat SME IPO. Most of the Syndicate Banks provide access to apply in Ganesh Green Bharat IPO via ASBA process. You must have your net banking access, DP ID information to apply in Ganesh Green Bharat SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Ganesh Green Bharat SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Ganesh Green Bharat SME IPO Review and Important Updates
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Ganesh Green Bharat SME IPO is going to be list on 12-07-2024.
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Ganesh Green Bharat SME IPO Allotment Date is 10-07-2024.
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