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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 opens for subscription on November 29, 2024 and closes 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.
| 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 Rikhav Securities |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
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 |
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 |
| Lot Size Calculator | |||
Vibhoar Agrawal and Rachita Agrawal are the company's promoters.
| Share Holding Pre Issue | 81.84% |
| Share Holding Post Issue |
Incorporated in 2017, Ganesh Infraworld Limited is a construction company that provides construction-related services. The company specialises in industrial, civil, residential, and commercial buildings, road construction, railway, power, and water distribution projects across India.
The company's business can be divided into three segments
The company provides engineering, procurement, and construction (EPC) services. It covers all parts of the construction process, including planning, design, and building. This includes mechanical, electrical, civil, and industrial services and supplying materials needed for these tasks.
The clients include various construction companies, such as Magnum Ventures Limited, Raikela Iron Ore Mines, JD Cables Private Limited, Celica Motocorp Private Limited, Jain International Power Limited, and Nirmala Developers, for whom the company has provided contractual services.
Ganesh Infraworld 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.
Competitive Strength:
As of August 31, 2024, the company has 42 department employees.
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 | ||||||||||||||||||||||||||||||||||||||||
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 |
The Company intends to utilize the gross proceeds raised through the Issue for the following objectives:
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ganeshinfraworld.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
SME Company Owners
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Check our SME IPO Guide 
Ganesh Infraworld IPO is a SME IPO of 11,876,800 equity shares of the face value of ₹5 aggregating up to ₹98.58 Crores. The issue is priced at ₹78 to ₹83 per share. The minimum order quantity is 1600 Shares.
The IPO opens on November 29, 2024, and closes on December 3, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ganesh Infraworld IPO using UPI as a payment gateway. Zerodha customers can apply in Ganesh Infraworld IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ganesh Infraworld IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ganesh Infraworld IPO opens on November 29, 2024 and closes on December 3, 2024.
Ganesh Infraworld IPO lot size is 1600 Shares, and the minimum amount required is ₹132,800.
You can apply in Ganesh Infraworld IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Ganesh Infraworld IPO will be done on Wednesday, December 4, 2024, and the allotted shares will be credited to your demat account by Thursday, December 5, 2024. Check the Ganesh Infraworld IPO allotment status.
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