Ganesh Green Bharat IPO To Open On 5th July, Sets Price Band At Rs 181 to Rs 190 Per Share

Hem Securities Limited is the book running lead manager of the Ganesh Green Bharat IPO, while Kfin Technologies Limited is the registrar for the issue. The issue proceeds will be utilized in the repayment in full or in part, of certain of the outstanding borrowings, funding capital expenditure towards installation of additional plant and machinery at the factory, funding to meet working capital requirements and general corporate purposes. 

On Wednesday, July 10, 2024, the shares for the Ganesh Green Bharat IPO are anticipated to be allotted, and on Thursday, July 11, 2024, the shares will be credited to the demat account of the allottees. The IPO comprises 50% of the net issue for QIB, 35% for retail investors and 15% of the net issue for the NII segment. 

Retail investors need to contribute a minimum of Rs 1.14 lakh considering the minimum lot size for an application is 600 shares. For HNIs, the minimum bidding size is two lots, or 1200 shares, for a total investment of Rs 2.28 lakh at the upper price band.

Ganesh Green Bharat Limited reported consolidated revenue of Rs. 170.17 crs., with EBITDA of Rs 34.62 crs. ,PAT of Rs. 19.88 crs. ROE 46.42% & ROCE 29.98%.

Ganesh Green Bharat Limited  has completed projects under various government schemes, such as the Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna. Additionally, Company is into designing, building, installing, operating, and maintaining water supply projects like the Mukhya Mantri Nishchay Quality Affected Yojna, and Har Ghar Jal (Jal Jeevan Mission).

The company has worked for Government departments of eight states, such as Gujarat Industrial Development Corporation (GIDC), Ahmedabad Municipal Corporation (AMC), Rajasthan Renewable Energy Corporation Limited (RRECL), and several others. It also sells Solar PV modules to private sector organizations.

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