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Open
5 Jul 2024
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Close
9 Jul 2024
3
Allotment
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Listing
Fri, Jul 12, 2024
Price Band
₹181 to ₹190
Issue Size
65,91,000 shares (agg. up to ₹125 Cr)
Lot Size
600 Shares
Listing Date
Fri, Jul 12, 2024
Latest GMP
₹235
Est. Gain
123.68%
✦ AI Insight
GMP Trend
12-07-2024₹235Est. ₹425+123.68%
11-07-2024₹235Est. ₹425+123.68%
10-07-2024₹240Est. ₹430+126.32%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 161.77x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 150.30 | 87.86 | 88.36 |
| Total Income | 171.96 | 90.60 | 106.12 |
| Profit After Tax | 21.83 | 8.16 | 5.21 |
| NET Worth | 57.28 | 27.07 | 27.07 |
| Reserves and Surplus | 39.07 | 34.03 | 25.87 |
| Total Borrowing | 53.70 | 27.39 | 22.47 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Shivalic Power Control Ltd. | SME | ₹64.32 Cr | ₹100 | 24.69 | ₹326.55 | +226.55% | ₹67.85 (-1.45%) |
| GP Eco Solutions India Ltd. | SME | ₹30.79 Cr | ₹94 | 21.44 | ₹393.75 | +318.88% | ₹424.90 (+1.63%) |
| Alpex Solar Ltd. | SME | ₹74.52 Cr | ₹115 | 54.66 | ₹345.45 | +200.39% | ₹856.55 (-0.68%) |
| Australian Premium Solar (India) Ltd. | SME | ₹28.08 Cr | ₹54 | 23.58 | ₹147.00 | +172.22% | ₹292.00 (-1.02%) |
| Akanksha Power & Infrastructure Ltd. | SME | ₹27.49 Cr | ₹55 | 24.02 | ₹65.10 | +18.36% | ₹89.70 (-0.44%) |
| Supreme Power Equipment Ltd. | SME | ₹46.67 Cr | ₹65 | 10.69 | ₹102.90 | +58.31% | ₹219.05 (+0.55%) |
| Electro Force (India) Ltd. | SME | ₹80.68 Cr | ₹93 | 20.22 | ₹105.00 | +12.90% | ₹22.10 (-9.43%) |
| Saakshi Medtech & Panels Ltd. | SME | ₹45.16 Cr | ₹97 | 10.18 | ₹153.30 | +58.04% | ₹293.35 (+0.26%) |
| Sungarner Energies Ltd. | SME | ₹5.31 Cr | ₹83 | 13.07 | ₹262.35 | +216.08% | ₹233.60 (+4.99%) |
| Oriana Power Ltd. | SME | ₹59.66 Cr | ₹118 | 20.7 | ₹317.10 | +168.73% | ₹1,468.40 (-0.54%) |
| Rishabh Instruments Ltd. | Mainboard | ₹490.78 Cr | ₹441 | null | ₹443.15 | +0.49% | ₹656.10 (-0.62%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment in full or in part, of certain of the outstanding borrowings; | 19.00 |
| 2 | Funding Capital Expenditure towards installation of additional plant and machinery at the factory | 11.52 |
| 3 | Funding to meet working capital requirements | 60.00 |
| 4 | General Corporate Purpose | 26.90 |
About 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
Contact Details
Ganesh Green Bharat Ltd. AddressF-202.S.G.Business HubS.G.HighwayAhmedabad, Gujarat, 382470+91-79-29703080cs@ganeshgreen.comVisit Website