Ganesh Green Bharat Ltd IPO

The group has diversified its business as service provider into multiple verticals catering to (i) Solar System & Allied Services, (ii) Electrical contracting services (iii) Water Supply Scheme Projects and as a (iv) manufacturer of solar photo-voltaic (PV) modules. Its in-house engineering and design capabilities help the company offers diversified products and solutions to its customers in each of the product categories in which it operates. Its comprehensive solutions include its services as EPC contractor involving designing, engineering, construction, installation and commissioning of projects.

Open Demat Account

50years

Ganesh Green Bharat Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
65.91 LTBA21.68 L172.5 LNSE₹ 125.23 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
05 Jul, 2409 Jul, 24600 ₹ 1,08,600 Book Building - SME12 Jul, 24

Ganesh Green Bharat Ltd IPO Dates

  • 05 Jul 2024

    Opening date

  • 09 Jul 2024

    Closing date

  • 10 Jul 2024

    Basis of
    Allotment

  • 11 Jul 2024

    Initiation of
    Refunds

  • 11 Jul 2024

    Credit of
    Shares

  • 12 Jul 2024

    Listing date

Details

SectorType
SectorEngineering - Turnkey Services
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0x30960000
NII0x9294000
Retail0x21684000
Employee0x660000
Total0x65910000

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Ganesh Green Bharat Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations10.20TBATBA
EBITDA10.66TBATBA
PAT7.19TBATBA
Total Assets51.63TBATBA
Share Capital1.20TBATBA
Total Borrowings37.30TBATBA
Operating Activities (Net Cash)7.65TBATBA
Investing Activities (Net Cash)0.01TBATBA
Financing Activities (Net Cash)37.30TBATBA
Net Cashflow0.28TBATBA

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Ganesh Green Bharat Ltd

Ganesh Green Bharat Limited was originally formed as partnership firm under the Indian Partnership Act, 1932 in the name and style of M/s. Ganesh Electricals, pursuant to a deed of partnership dated April 02, 2016, entered between Dhanjibhai Narsinhbhai Patel, Ketanbhai Narsinhbhai Patel, Niravkumar Sureshbhai Patel and Rajendrakumar Narsinhbhai Patel. Further, M/s Ganesh Electricals was converted from partnership firm to a Private Limited Company in the name of Ganesh Electricals Private Limited vide Certificate of Incorporation dated May 13, 2019 issued by Registrar of Companies, Central Registration Centre bearing CIN U31900GJ2019PTC108417. Further, pursuant to Special Resolution passed by the shareholders at the Extra Ordinary General Meeting held on October 09, 2023, the name of the Company was changed from Ganesh Electricals Private Limited to Ganesh Green Bharat Private Limited and a fresh certificate of incorporation pursuant to change of name was issued by the Registrar of Companies, Ahmedabad vide certificate dated October 11, 2023. Subsequently, the Company was converted into a Public Limited Company vide Special Resolution passed by the shareholders at the Extra Ordinary General Meeting, held on October 11, 2023 and consequently the name of the Company was changed from Ganesh Green Bharat Private Limited to Ganesh Green Bharat Limited vide a certificate of Incorporation consequent upon conversion to public company dated October 13, 2023 issued by the Registrar of Companies, Ahmedabad bearing CIN U31900GJ2019PLC108417.

India has low conventional energy resources compared to its required energy needs driven by a huge population and a rapidly increasing economy. However, India can harness the huge potential of solar energy as it receives sunshine for most of the year. It also has vast potential in the hydropower sector which is being explored across states, especially in the northeast. More than Rs.5.2 lakh crore (US $ 70 billion) has been invested in India's renewable energy sector since 2014. Due to its favourable location in the solar belt (400 S to 400 N), India is one of the best recipients of solar energy with abundant availability. The installed solar energy capacity has increased by 24.4 times in the last 9 years and stands at 66.7 GW as of May 2023.

Peer Comparison:

  • Solex Energy Ltd
  • Waaree Renewables Technologies Ltd
  • Zodiac Energy Ltd

Ganesh Green Bharat Ltd IPO Key Points

Strengths

  • The Company offers a diversified range of solutions.
  • Leverage its capabilities to capture strong industry tailwinds and growth prospects for solar energy.
  • In house designing and execution team and established track record.
  • Order Book of projects across India.
  • Experienced Promoters and senior management team.

Risk

  • The company bid for projects funded by the Central and State Governments and derive its revenues from the work orders awarded to it. Any reduction in budgetary allocation to its industry sector may affect the number of projects that the government authorities/bodies may plan to develop in a particular period. Its business is directly and significantly dependent on projects awarded by them.
  • Its projects are awarded through the competitive bidding process by government authorities/bodies. The company may not be able to qualify for, compete and win future projects, which could adversely affect its business and results of operations.
  • The company relies on its in-house designing and engineering team for project execution. Loss of employee(s) may have an adverse effect on the execution of its projects.

Strategy

  • Increasing the size of its projects and its pre-qualification.
  • Implement strategic backward integration through Expansion of operations into manufacturing of Solar PV modules.
  • Expansion of its geographical footprint.
  • Continue to enhance its core strengths by attracting, retaining and training qualified personnel and process up gradation.
  • Cost effective production and timely fulfilment of orders.
  • The Company offers a diversified range of solutions.
  • Leverage its capabilities to capture strong industry tailwinds and growth prospects for solar energy.
  • In house designing and execution team and established track record.
  • Order Book of projects across India.
  • Experienced Promoters and senior management team.

How To Apply for Ganesh Green Bharat Ltd Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Ganesh Green Bharat Ltd's IPO offers shares for up to ₹ 0 L It begins on Jul 5, 2024 and ends on Jul 9, 2024.

The price of Ganesh Green Bharat Ltd IPO ranges between ₹181 to ₹190 per share.

The Ganesh Green Bharat Ltd IPO opens on Jul 5, 2024 and closes on Jul 9, 2024.

The allotment for the Ganesh Green Bharat Ltd IPO will be finalised on Jul 10, 2024. The shares will be listed on BSE and NSE on Jul 12, 2024.

The minimum lot size for Ganesh Green Bharat Ltd IPO is 600 shares, priced between ₹181 to ₹190 per share.

The GMP (Grey Market Premium) of Ganesh Green Bharat Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Ganesh Green Bharat Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Ganesh Green Bharat Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jul 5, 2024, and closes on Jul 9, 2024. The allotment is finalised on Jul 10, 2024.

To apply for the Ganesh Green Bharat Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.