Ganesh Green Bharat IPO GMP, Review, Price, Allotment Details

Ganesh Green Bharat IPO Details: The Ganesh Green Bharat IPO is set to open on July 5, 2024, and will close on July 9, 2024. This IPO aims to raise ₹125.23 crores and is listed on the NSE SME platform. The price band for the IPO is set between ₹181 and ₹190, with a market lot of 600 shares.

Company Overview: Ganesh Green Bharat specializes in the supply, installation, testing, and commissioning (SITC) of solar and electrical goods and services, catering primarily to various government bodies. Their projects span several central and state government schemes, such as the Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna. Additionally, the company is involved in designing, constructing, installing, operating, and maintaining water supply schemes like the Mukhya Mantri Nishchay Quality Affected Yojna and Har Ghar Jal (Jal Jeevan Mission).

Founded as a partnership firm in 2016, Ganesh Green Bharat initially focused on electrical contracting services. By 2017, they ventured into the renewable energy sector, expanding their operations to provide integrated solar energy solutions, including engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services. They achieved the status of Channel Partner of the Ministry of New and Renewable Energy (MNRE) in 2016 and completed a significant project involving 16,486 SPV home lighting systems in Rajasthan in 2018.

In 2019, they began bidding for water supply scheme projects, focusing on designing, constructing, supplying, testing, and commissioning water supply systems with polyethylene water storage tanks and household tap connections in villages.

Objects of the Issue:

  1. Repayment of certain outstanding borrowings.
  2. Funding capital expenditure for additional plant and machinery installation.
  3. Meeting working capital requirements.
  4. General corporate purposes.

IPO Review and Application Details:

  • IPO Open Date: July 5, 2024
  • IPO Close Date: July 9, 2024
  • IPO Size: Approx ₹125.23 Crores, 6,591,000 Equity Shares
  • Face Value: ₹10 Per Equity Share
  • IPO Price Band: ₹181 to ₹190 Per Equity Share
  • IPO Listing on: NSE SME
  • Retail Quota: 35% of the net offer
  • QIB Quota: 50% of the net offer
  • NII Quota: 15% of the net offer

Market Lot:

  • Minimum Market Lot: 600 shares with a ₹114,000 application amount.
    • Retail Minimum: 1 lot (600 shares) – ₹114,000
    • S-HNI Minimum: 2 lots (1200 shares) – ₹228,000

Important Dates:

  • IPO Open Date: July 5, 2024
  • IPO Close Date: July 9, 2024
  • Basis of Allotment: July 10, 2024
  • Refunds: July 11, 2024
  • Credit to Demat Account: July 11, 2024
  • IPO Listing Date: July 12, 2024

You can check the IPO subscription status and allotment status on their respective pages.

How to Apply for Ganesh Green Bharat IPO: You can apply for the Ganesh Green Bharat IPO via ASBA through your bank account by selecting the Ganesh Green Bharat IPO in the investment section. Alternatively, you can download IPO forms from the NSE website, fill them out, and submit them to your bank or broker.

The current Grey Market Premium (GMP) for the Ganesh Green Bharat IPO is ₹200.


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