December 6, 2024
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Ganesh Infraworld IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Ganesh Infraworld listing Review
The IPO is listed at Rs. 157.70, at premium cap of 90%.
Ganesh Infraworld IPO allotment Link
Last GMP Rs. 78.
Subscription status of Ganesh Infraworld IPO
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Ganesh Infraworld IPO (Closed on 3 Dec 2024) Price Rs. 83 Lot 1600 shares, Rs. 98.58 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 163.52 | 865.82 | 274.48 | 369.56 | 7,05,492 (301.49x) |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Ganesh Infraworld?
Ganesh Infraworld Limited, established in 2017, offers a wide range of construction and related services for industrial projects, residential and commercial buildings, road construction, railroad infrastructure, power projects, and water supply initiatives across India.
The company specializes in integrated engineering, procurement, and construction (EPC) services, providing end-to-end solutions throughout the construction value chain. This includes planning, design, and construction, covering mechanical, electrical, civil, and industrial services, as well as the supply of materials for project execution.
Ganesh Infraworld operates through three key business verticals: (i) civil and electrical infrastructure projects, (ii) road and rail infrastructure development, and (iii) water infrastructure projects, all within a single engineering and construction operating segment.
The company has served numerous clients, including Magnum Ventures Limited, Raikela Iron Ore Mines, JD Cables Private Limited, Celica Motocorp Private Limited, Jain International Power Limited, and Nirmala Developers, handling various engineering and civil construction projects for both small and medium-sized clients.
Over the last three financial years, Ganesh Infraworld has completed projects valued at Rs. 50,406.77 lakhs. As of August 31, 2024, the company’s order book includes 41 ongoing projects, totaling approximately Rs. 57,485.53 lakhs, spread across 13 states.
Get more information about the company @
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Ganesh Infraworld IPO Details |
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| IPO opens on | 29 November 2024 |
| IPO closes on | 3 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 11876,800 Shares / Rs 98.58 Crore |
| * Fresh Issue | 11876,800 Shares / Rs 98.58 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 1187200 Shares |
| Net offer to Public | 10689,600 Shares/ Rs.88.72 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 78-83 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 5344800 | 44.36 |
| NII (15%) | 1603440 | 13.31 |
| RII (35%) | 3741360 | 31.05 |
| Total Shares | 10689600 | 88.72 |
| Retail portion will be oversubscribed by |
2338 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1600 Shares | Rs.132800 |
| Min HNI Application | 3200 Shares | Rs.265600 |
Who are the Promoters of Ganesh Infraworld?
Vibhoar Agrawal and Rachita Agrawal are the company’s promoters
What are the Objects of Ganesh Infraworld IPO?
The Offer comprises of fresh issue of shares
The Company proposes to utilize the funds that are being raised through this Issue towards the following objectives:
- To meet long-term working capital requirements; and
- General Corporate Purposes.
Tentative timetable |
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| IPO opens on | 29 November 2024 |
| IPO Closes on | 3 December 2024 |
| IPO Allotment on | 4 December 2024 |
| Refund Initiation | 5 December 2024 |
| Credit of Shares | 5 December 2024 |
| Listing on | 6 December 2024 |
| Registered Office of the Company Ganesh Infraworld Limited Godrej Genesis, 906, 9th Floor, Street No. 18, Block – EP&GP, Sector-V, Salt Lake, Bidhan Nagar, CK Market, North 24 Parganas, Saltlak – 700 091 |
| Who is the Lead Manager of this IPO? Vivro Financial Services Private Limited |
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Who is the Registrar to IPO? |
Ganesh Infraworld IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Ganesh Infraworld IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 81.15 | 1.89 | ||
| 2022-23 | 135.05 | 5.21 | ||
| 2023-24 | 291.81 | 15.54 | 5.04 | – |
| Book Value of the Share on 31.03.2024 |
Rs | |||
| BV of the Share at cap price after IPO |
Rs. | – | ||
| Offer Price/upper band | Rs. | 83 | ||
IPO
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| Price/EPS of 23-24 | 16.47 |
| Price/BV Ratio | 3.87 |
| Debt Equity Ratio | 0.16 |
How Ganesh Infraworld IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Rajputana Biodiesel | 10 | 53.68 | 14.19 |
| Kotyark Industries | 197.12 | 51.41 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Ganesh Infraworld IPO Review
Ganesh Infraworld Limited, established in 2017, offers a wide range of construction and related services for industrial projects, residential and commercial buildings, road construction, railroad infrastructure, power projects, and water supply initiatives across India.
IPO Details and Market Outlook
The IPO size stands at an impressive Rs. 98.58 crore, offering 11876800 shares. This is a relatively large offering, especially when compared to recent IPO trends. With 2338 applications, the retail portion of the offering is expected to be subscribed once. The company has shown strong rise in the topline and the bottomline. The IPO can be considered as reasonably priced, if the profitability can be maintained in future.
+ from fundamental angle: May Apply
+ from grey market angle: ?
Quicklinks
Ganesh Infraworld IPO GMP today allotment, review?
Ganesh Infraworld IPO GMP grey market premium
Ganesh Infraworld IPO FAQs
What is Ganesh Infraworld IPO?
This is a SME IPO of 11876800 equity shares of the face value of Rs. 10 aggregating up to Rs.98.58 Crores. The issue is priced at Rs.78-83 per share. The minimum order quantity is 1600 Shares.
When will Ganesh Infraworld IPO subscription open?
Ganesh Infraworld IPO opens on November 29, 2024, and closes on DEcember 3, 2024.
What is the lot size of Ganesh Infraworld IPO?
Ganesh Infraworld IPO lot size is 1600 Shares, and the minimum amount required is Rs.132800
How to apply for Ganesh Infraworld IPO?
You can apply in Ganesh Infraworld 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 Infraworld IPO allotment?
The finalization of Basis of Allotment for Ganesh Infraworld IPO will be done on December 04, 2024, and the allotted shares will be credited to your demat account by December 05, 2024.
When is Ganesh Infraworld IPO listing date?
Ganesh Infraworld IPO listing date is December 06, 2024.
