Ganesh Infraworld IPO subscribed overall 369.56 times on the last day, a retail quota was subscribed over 274.48 times, QIB was subscribed over 163.52 times, and NII was subscribed over 865.82 times respectively.
Details About Ganesh Infraworld IPO
Ganesh Infraworld got approval from SEBI for an IPO of ₹98.58 crores to raise funds and maintain financial stability. This IPO was entirely a fresh issue of ₹98.58 crores with a face value of ₹10 each. Moreover, the company has set up a price band between ₹78 to ₹83 per share. In this IPO total of 1,600 shares were available in 1 lot size for the minimum Retail category and maximum as well. While S- HNI total of 3,200 shares in 2 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹132,800.
- SHNI (S-HNI): Minimum investment of ₹265,600.
Subscription duration of Ganesh Infraworld IPO
This IPO started on November 29, 2024, and closed on December 3, 2024. The investor’s allotment date was December 4, 2024, and they received a refund on December 5, 2024.
Funds Deployment of This IPO
- To meet long-term working capital requirements; and
- General Corporate Purposes.
About Ganesh Infraworld Company
Ganesh Infraworld Limited was incorporated in 2017 and started to provide support services on different projects and developments. It offers services like water supply systems, power generation and distribution, and railroad construction, while it has also provided services to industrial construction ventures, and residential and commercial building development. This company has started business in West Bengal and expanded in multiple states like Rajasthan, Uttar Pradesh, Odisha, Haryana, Jharkhand, Bihar, and Andhra Pradesh till now. Catering top-notch infrastructure for human comfort is a major aim for this company. The revenue for 2024 is 5,126.99 lakh and the asset is 10,335.33 lakh respectively.
Ganesh Infraworld Company’s Financial Background
The company reported revenue of ₹51.27 crores in 2024 against ₹135.05 crores in 2023. The company reported a Profit of ₹3.98 crores in 2024 against Profit of ₹5.21 crores in 2023.
