Ganesh Green Bharat provides comprehensive portfolios in the field of supply, installation, testing, and commissioning (SITC) of solar and electrical goods and services to various government bodies. They have completed projects under various schemes of Central and State Governments like – Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna. They also forayed into the business of designing, construction, installation operation, and maintenance of Water Supply Scheme Projects like the Mukhya Mantri Nishchay Quality Affected Yojna, Har Ghar Jal (Jal Jeevan Mission), etc.
They started as a partnership firm in the year 2016 with a focus on Electrical contracting services. Later in the year 2017, they stepped into the renewable energy sector where they expanded their operations as an integrated solar energy solutions provider offering engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services for solar home light, solar street light, solar power plants (On-Grid and off Grid), Solar Highmast, Solar Pumping System etc. In 2016, they attained the status of Channel Partner of the Ministry of New and Renewable Energy (MNRE) and in the year 2018 they completed a substantial project involving 16,486 SPV home lighting systems in Rajasthan through Rajasthan Renewable Energy Corporation Limited (RRECL)
Gradually in the year 2019, they started bidding for Water Supply Scheme Projects wherein they are engaged in designing, construction, supplying, testing, and commissioning of Water Supply Scheme Projects which involve the construction of piped water supply with installation of polyethylene water storage tank to provide drinking water through functional household tap connections in villages with all allied works of the scheme and successful trial run.
Objects of the Issue:
- Repayment in full or in part, of certain of our outstanding borrowings
- Funding Capital Expenditure towards installation of additional plant and machinery at our factory
- Funding to meet working capital requirements
- General Corporate Purpose
Ganesh Green Bharat IPO Review
- Apply
Ganesh Green Bharat IPO Date & Price Band Details
| IPO Open: | July 5, 2024 |
| IPO Close: | July 9, 2024 |
| IPO Size: | Approx ₹125.23 Crores, 6,591,000 Equity Shares |
| Fresh Issue: | 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 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Ganesh Green Bharat IPO Market Lot
The Ganesh Green Bharat IPO minimum market lot is 600 shares with a ₹114,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 600 | ₹114,000 |
| Retail Maximum | 1 | 600 | ₹114,000 |
| S-HNI Minimum | 2 | 1200 | ₹228,000 |
Ganesh Green Bharat IPO Dates
The Ganesh Green Bharat IPO date is July 5 and the IPO close date is July 9. The IPO allotment date is July 10 and the IPO might list on July 12
| 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 IPO subscription status and IPO allotment status on their respective pages.
Ganesh Green Bharat IPO Form
How to apply Ganesh Green Bharat IPO? You can apply Ganesh Green Bharat IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Ganesh Green Bharat IPO in the Invest section. The other option you can apply Ganesh Green Bharat IPO via IPO forms download via the NSE website. Check out the Ganesh Green Bharat forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Ganesh Green Bharat Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹106.12 | ₹99.08 | ₹5.21 |
| 2023 | ₹90.60 | ₹79.57 | ₹8.16 |
| 2024 | ₹171.96 | ₹143.60 | ₹21.83 |
Ganesh Green Bharat IPO Valuation – FY2024
Check Ganesh Green Bharat IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹10.92 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 34.72% |
| Net Asset Value (NAV): | ₹31.46 per Equity Share |
Peer Group
- Solex Energy Limited
- Waaree Renewable Technologies Limited
- Zodiac Energy Limited
Company Promoters
- Ketanbhai Narsinhbhai Patel
- Rajendrakumar Narsinhbhai Patel
- Niravkumar Sureshbhai Pate
- Shilpaben Ketanbhai Patel
Ganesh Green Bharat IPO Registrar
KFin Technologies Limited
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Ganesh Green Bharat IPO Allotment Status
Check Ganesh Green Bharat IPO allotment status on KFin Technologies website URL. Click Here
Ganesh Green Bharat IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
Ganesh Green Bharat Limited
F – 202. S.G. Business Hub, S.G. Highway,
Ahmedabad- 382470 Gujarat, India
Phone: +91-79-29703080
E-mail: [email protected]
Website: www.ganeshgreen.com
