Ganesh Green IPO listed @ Rs. 361

July 12, 2024 admin Leave a reply Post Comment

Ganesh Green IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,

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What is the business of Ganesh Green ?

Ganesh Green Bharat is providing comprehensive portfolios in the field of supply, installation, testing and commissioning (SITC) of solar and electrical goods and services to various government bodies. It has completed projects under various schemes of Central and State Government like – Saubhagya Scheme, KUSUM Scheme, Saur Sujla Yojna. It also forayed into the business of designing, construction, installation and operation and maintenance of Water Supply Scheme Projects like the Mukhya Mantri Nishchay Quality Affected Yojna, Har Ghar Jal (Jal Jeevan Mission) etc.
In 2016, it attained the status of Channel Partner of Ministry of New and Renewable Energy (MNRE) and in the year 2018 it completed a substantial project involving 16,486 SPV home lighting system in Rajasthan through Rajasthan Renewable Energy Corporation Limited (RRECL).
Gradually in the year 2019 it started bidding for Water Supply Scheme Projects wherein it is engaged in designing, construction, supply, testing and commissioning of Water Supply Scheme Projects. 
Its Subsidiary, Souraj Energy Private Limited (Souraj) is involved into manufacturing of solar photo-voltaic (“PV”) modules with installed capacity of 192.72 MW. SPV modules manufactured in Souraj are made using quality components and advanced technologies that comply with industry standards. Solar PV modules are manufactured using both polycrystalline and monocrystalline cell technology. It has also initiated the use of Topcon Solar Cell Technology for manufacturing Solar PV Modules. The products are differentiated on the basis of solar PV module technology and type as well as cell size. These PV modules have wattages between 150Wp – 575Wp (370 Wp – 550Wp Mono PERC P Type Solar Cell (10BB) and 385Wp to 575 Wp – Mono PERC N Type Topcon Solar Cell (16BB) module. It also has received the BIS certificate from the authority. Its Subsidiary operates from its manufacturing facility situated at Mehsana, Gujarat It has also set up an additional line for manufacturing of solar photo-voltaic (“PV”) modules in the company with installed capacity of 236.73 MW which has recently started commercial production.

Diversified business

Thus, over the years the group has diversified its business as service provider into multiple verticals catering to (i) Solar System & Allied Services, (ii) Electrical contracting services (iii) Water Supply Scheme Projects and as a manufacturer of solar photo-voltaic (“PV”) modules. Its in-house engineering and design capabilities help it offers diversified products and solutions to its customers in each of the product categories in which it operates. Its comprehensive solutions include its services as EPC contractor involving designing, engineering, construction, installation and commissioning of projects.
The Company bids for tenders issued by government authorities and has worked for departments of 8 states. It also sells Solar PV modules to some of the private sector organizations.
In the last 10 years, it has successfully completed (i) 17 work orders under Solar System & Allied Services aggregating to Rs 18,515.46 Lakhs (ii) 7 work orders under Electrical contracting services aggregating to Rs 2146.20 Lakhs (iii) 1 work order under Water Supply Scheme Projects aggregating to Rs1464.99 Lakhs.
As of September 30, 2023, its Order Book includes (i) 7 work orders under Solar System & Allied Services aggregating to Rs 8684.25 (ii) 7 work orders under Electrical contracting services aggregating to Rs 3325.41 Lakhs, (iii) 2 work orders under Water Supply Scheme Projects for an aggregate value of Rs. 1609.50 lakhs.

Get more information about the company @ https://ganeshgreen.com/

Who are the Promoters of Ganesh Green IPO?

The promoters of the company are Ketanbhai Narsinhbhai Patel, Rajendrakumar Narsinhbhai Patel, Niravkumar Sureshbhai Patel and Shilpaben Ketanbhai Patel

What are the Objects of Ganesh Green IPO?

The Offer comprises of only fresh issue of shares

The objectives of the Offer are to:

1.Repayment in full or in part, of certain of the outstanding borrowings;
2.Funding Capital Expenditure towards installation of additional plant and machinery at the factory
3.Funding to meet working capital requirements
4,General Corporate Purpose.

Ganesh Green IPO To the point Guidance

Ganesh Green Bharat is providing comprehensive portfolios in the field of supply, installation, testing and commissioning (SITC) of solar and electrical goods and services to various government bodies. It has completed projects under various schemes of Central and State Government like – Saubhagya Scheme, KUSUM Scheme, Saur Sujla Yojna. It also forayed into the business of designing, construction, installation and operation and maintenance of Water Supply Scheme Projects like the Mukhya Mantri Nishchay Quality Affected Yojna, Har Ghar Jal (Jal Jeevan Mission) etc.
Size:  Net size of the IPO is Rs. 156.94 crore, which is relatively very large, compared to other SME IPOs. The retail portion is Rs. 54.93 Crore and NII portion is Rs.23.54 Crore. Because of the large size, huge oversubscription may appear a bit difficult at first glance. However, the words: Solar project may do wonders, we donot know!!
Financial Snapshot: The company has shown sharp rise in the topline and bottom-line during last 3 years. The net profit has shoot up to Rs. 21.83 crore compared to just Rs. 5.21 crore in the year 2021-22. However because of large project, such rise may be possible. The shares are offered at PE multiple of 15.85, based on the high EPS of Rs. 11.99 during 2023-24. This appears to be attractive compared to valuations of peer companies. May apply for listing gains

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Ganesh Green IPO GMP today details?

Ganesh Green IPO

Ganesh Green IPO FAQs

What is Ganesh Green IPO?

Ganesh Greenis a SME IPO of 8591000 equity shares of the face value of Rs. 10 aggregating up to Rs.163.23 Crores. The issue is priced at Rs.181-190 per share. The minimum order quantity is 600 Shares.

When will Ganesh Green IPO open?

Ganesh Green IPO opens on July 3, 2024, and closes on July 8, 2024.

What is the lot size of Ganesh Green  IPO?

Ganesh Green IPO lot size is 600 Shares, and the minimum amount required is Rs.111400.

How to apply for Ganesh Green IPO?

You can apply in Ganesh Green IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Ganesh Green IPO allotment?

The finalization of Basis of Allotment for Ganesh Green IPO will be done on 10 July, 2024, and the allotted shares will be credited to your demat account by July 11, 2024.

When is Ganesh Green IPO listing date?

Ganesh Green IPO listing date is July 12, 2024.