Ganesh Infraworld IPO Overview

Ganesh Infraworld IPO is a book built issue of Rs 98.58 crores. The issue is entirely a fresh issue of 118.77 lakh shares.

Ganesh Infraworld IPO bidding started from November 29, 2024 and ended on December 3, 2024. The allotment for the Ganesh Infraworld IPO is expected to be finalized on Wednesday, December 4, 2024. Ganesh Infraworld IPO will list on NSE SME with tentative listing date fixed as Friday, December 6, 2024.

Ganesh Infraworld IPO price band is set at ₹78 to ₹83 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹132,800. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹265,600.

Vivro Financial Services Private Limited is the book running  lead manager of the Ganesh Infraworld IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Ganesh Infraworld IPO is Rikhav Securities.

Refer to Ganesh Infraworld IPO RHP for detailed information.

Ganesh Infraworld IPO Important dates

Ganesh Infraworld IPO opens on November 29, 2024, and closes on December 3, 2024.

IPO Open Date Friday, November 29, 2024
IPO Close Date Tuesday, December 3, 2024
Basis of Allotment Wednesday, December 4, 2024
Initiation of Refunds Thursday, December 5, 2024
Credit of Shares to Demat Thursday, December 5, 2024
Listing Date Friday, December 6, 2024
Cut-off time for UPI mandate confirmation 5 PM on December 3, 2024

Ganesh Infraworld IPO Financial Performance

Ganesh Infraworld Limited’s revenue increased by 116% and profit after tax (PAT) rose by 198% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended 31 Aug 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 12,006.17 17,725.32 4,266.89 2,529.77
Revenue 21,232.86 29,181.12 13,504.85 8,115.46
Profit After Tax 1,537.2 1,554.47 520.92 188.75
Net Worth 6,617.24 3,720.04 1,515.22 819.44
Reserves and Surplus 5,075.01 2,622.26
Total Borrowing 1,033.02 3,072.42 708.96 304.99
Amount in ₹ Lakhs

Ganesh Infraworld IPO Key Performance Indicator

The market capitalization of Ganesh Infraworld IPO is Rs 354.59 Cr.

KPI as of August 31, 2024.

KPI Values
ROE 29.74
ROCE 35.17
Debt/Equity 0.16
RoNW 29.74
P/BV 3.87
PAT Margin (%) 7.24
Pre IPO Post IPO
EPS (Rs)  5.04 8.64
P/E (x)  16.47 9.61

Note:

  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of August 31, 2024 that is available in RHP.

Ganesh Infraworld IPO Objectives

The Company intends to utilize the gross proceeds raised through the Issue for the following objectives:

  1. To meet long-term working capital requirements; and
  2. General Corporate Purposes.

Ganesh Infraworld IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹132,800
Retail (Max) 1 1600 ₹132,800
HNI (Min) 2 3,200 ₹265,600

 Ganesh Infraworld IPO Details

IPO Date November 29, 2024 to December 3, 2024
Listing Date [.]
Face Value ₹5 per share
Price Band ₹78 to ₹83 per share
Lot Size 1600 Shares
Total Issue Size 11,876,800 shares
(aggregating up to ₹98.58 Cr)
Fresh Issue 11,876,800 shares
(aggregating up to ₹98.58 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue 30,844,597
Share holding post issue 42,721,397
Market Maker portion 1,187,200 shares

Ganesh Infraworld IPO Company Overview and Services

Incorporated in 2017, Ganesh Infraworld Limited is a construction company offering a wide range of construction-related services. The company specializes in the construction of industrial, civil, residential, and commercial buildings, as well as road, railway, power, and water distribution projects across India.

Key Business Segments:

1. Civil and Electrical Infrastructure Projects

  • Includes residential and commercial buildings such as offices, hospitals, medical colleges, and towers.
  • Expertise in electrification of substations, power distribution lines, high-voltage transformers, and installation of heavy machinery in power stations.

2. Road and Rail Infrastructure Development Projects

  • Road projects include excavation, backfilling, and laying concrete and bituminous roads with necessary finishes like seal and tack coats.
  • Rail projects involve designing, erecting, testing, and commissioning overhead equipment (OHE) for railway operations.

3. Water Infrastructure Development Projects

  • Construction of water distribution systems, including laying pipelines, setting up pumping systems, water treatment plants, and reservoirs.
  • Notable projects include participation in the “Har Ghar Jal Mission” in Uttar Pradesh in 2022-23.

The company provides end-to-end EPC (Engineering, Procurement, and Construction) services, covering planning, design, execution, and material supply for civil, electrical, mechanical, and industrial projects.

Ganesh Infraworld has clients such as Magnum Ventures Limited, Raikela Iron Ore Mines, JD Cables Private Limited, Celica Motocorp Private Limited, Jain International Power Limited, and Nirmala Developers.

Ganesh Infraworld Limited operates in various states, including Rajasthan, Uttar Pradesh, Maharashtra, Odisha, Haryana, Jharkhand, Bihar, Jammu & Kashmir, Andhra Pradesh and Chhattisgarh.

As of August 31, 2024, the company had 41 active projects valued at about Rs 57,485.53 lakhs. These projects are spread across 13 different states and sectors.

As of August 31, 2024, the company has 42 department employees.

Ganesh Infraworld IPO SWOT Analysis

Strengths:

  • Strong Financial Performance: The company has demonstrated impressive financial growth in recent years, with significant increases in revenue and profit.
  • Diverse Project Portfolio: Ganesh Infraworld has a diversified project portfolio, reducing risk and ensuring a steady revenue stream.
  • Experienced Management Team: The company is led by an experienced management team with a strong track record in the infrastructure sector.
  • Strong Demand for Infrastructure: The Indian government’s focus on infrastructure development presents significant growth opportunities for the company.

Weaknesses:

  • Geographic Concentration: The company’s operations are primarily concentrated in specific regions, which could limit its growth potential.
  • Competition: The infrastructure sector is highly competitive, with several established players vying for market share.

Opportunities:

  • Government Initiatives: Government initiatives to boost infrastructure spending can create new opportunities for the company.
  • Expansion into New Markets: The company can explore opportunities to expand its operations into new geographic regions.
  • Diversification into New Business Areas: Ganesh Infraworld can diversify its business by venturing into related sectors like real estate development or renewable energy.

Threats:

  • Economic Slowdown: A slowdown in the economy can impact the company’s revenue and profitability.
  • Regulatory Changes: Changes in government regulations can affect the company’s operations and project execution.
  • Input Cost Inflation: Rising input costs, such as steel and cement, can erode the company’s margins.

Ganesh Infraworld IPO GMP Details

Ganesh Infraworld SME IPO last GMP is ₹78, last updated Dec 4th 2024 09:29 AM. With the price band of 83.00, Ganesh Infraworld SME IPO’s estimated listing price is ₹161 (cap price + today’s GMP).The expected percentage gain/loss per share is 93.98%

We update GMP on a daily basis and based on last 14 sessions grey market activities, today IPO GMP points upward and expects a strong listing. The lowest GMP is ₹9, while the highest GMP is ₹78. Stay with us to know the daily price trend of Ganesh Infraworld SME IPO GMP with expected listing price.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
04-12-2024 Allotment 83.00 ₹78  94800 ₹161 (93.98%) 4-Dec-2024
03-12-2024 Close 83.00 ₹78   94800 ₹161 (93.98%) 3-Dec-2024
02-12-2024 83.00 ₹68   82700 ₹151 (81.93%) 2-Dec-2024
01-12-2024 83.00 ₹35  42600 ₹118 (42.17%) 1-Dec-2024
30-11-2024 83.00 ₹35  42600 ₹118 (42.17%) 30-Nov-2024
29-11-2024 Open 83.00 ₹35  42600 ₹118 (42.17%) 29-Nov-2024
28-11-2024 83.00 ₹35   42600 ₹118 (42.17%) 28-Nov-2024
27-11-2024 83.00 ₹14   17000 ₹97 (16.87%) 27-Nov-2024

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Ganesh Infraworld IPO Subscription Status 

Ganesh Infraworld IPO subscribed 369.56 times. The public issue subscribed 274.48 times in the retail category, 163.52 times in QIB, and 865.82 times in the NII category by December 3, 2024 (Day 3).

Investor Category Subscription (times) Shares Offered Shares Bid for Total Amount (Rs Cr.)*
Qualified Institutions 163.52 2,137,600 34,95,34,400 2,901.14
Non-Institutional Buyers* 865.82 1,604,800 1,38,94,68,800 11,532.59
Retail Investors 274.48 3,744,000 1,02,76,49,600 8,529.49
Employees [.] 0 0 0
Others [.] 0 0 0
Total * 369.56 7,486,400 2,76,66,52,800 22,963.22

Total Application : 705,492 (301.49 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 1,187,200 equity shares not included.

Date QIB NII* Retail Total
Day 1
November 29, 2024		 0.00 1.25 2.47 1.50
Day 2
December 2, 2024		 3.51 20.84 36.80 23.87
Day 3
December 3, 2024		 163.52 865.82 274.48 369.56

Ganesh Infraworld IPO Allotment status 

The allotment status of Ganesh Infraworld IPO is expected to be available on December 4, 2024.

Ganesh Infraworld IPO allotment status is not available at this time. Ganesh Infraworld IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Ganesh Infraworld Limited IPO allotment status.

To check Ganesh Infraworld IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Link Intime India Private Ltd either by phone or email. Investors can call on +91-22-4918 6270 or send an email with all relevant details to ganeshinfraworld.ipo@linkintime.co.in.

Ganesh Infraworld IPO Contact Details

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
Phone: +91-33 4604 1066
Email: cs@ganeshinfraworld.com
Website: https://ganeshinfraworld.com/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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