Ganesh Green Bharat Limited (GGBL) is an electrical contracting services company aiming to raise Rs 125.23 crores through its upcoming IPO on the NSE SME platform. This blog dives deep into the details of the Ganesh Green Bharat Limited IPO, exploring the company's profile, financials, and factors to consider before investing.
Ganesh Green Bharat IPO: fundamentals
Before you decide whether the Ganesh Green Bharat IPO is worth your IPO investment, let us have a look at its fundamentals.
- Issue Type: Book Built Issue
- Issue Size: Rs 125.23 crores (entirely fresh issue)
- Face Value: Rs 10 per share
- Price Band: ₹181 to ₹190 per share
- Open Date: July 5, 2024
- Close Date: July 9, 2024
- Allotment Date: July 10, 2024 (expected)
- Listing Date: July 12, 2024 (tentative) on NSE SME
About Ganesh Green Bharat Limited
- Established in April 2016, GGBL provides electrical contracting services, including supplying, installing, testing, and commissioning (SITC) of solar and electrical products primarily for government entities.
- The company boasts experience working on various government schemes like Saubhagya Yojana (rural electrification), KUSUM Yojana (solar pumps for farmers), and Saur Sujla Yojna (irrigation).
- GGBL has recently ventured into designing, building, and maintaining water supply projects under government initiatives.
Ganesh Green Bharat: financials
- GGBL's revenue witnessed an impressive 89.82% increase, and its profit after tax (PAT) jumped by 167.67% in the financial year ending March 31, 2024, compared to the previous year.
- This growth can be attributed to the rising focus on renewable energy and government initiatives in these sectors.
Ganesh Green Bharat IPO: highlights
- Riding the Green Wave: The Indian government's push for renewable energy and rural electrification projects creates a favourable environment for GGBL's services.
- Diversification: The company's expansion into water supply projects broadens its revenue streams.
- Experienced Team: GGBL has a team of engineers with support from external consultants, ensuring adherence to industry standards.
Ganesh Green Bharat IPO: investment considerations
- SME Listing: This is an SME IPO, which generally carries higher risks compared to listings on the main NSE or BSE boards.
- Limited Track Record: As a relatively young company, GGBL's long-term performance might be less certain compared to established players.
- Order Book Concentration: A significant portion of the current order book is for solar projects. Dependence on a single sector can be risky.
Ganesh Green Bharat IPO: minimum investment
- Retail Investors: Minimum investment of ₹114,000 (600 shares)
- HNI (High Net Worth Individuals): Minimum investment of ₹228,000 (2 lots of 1200 shares)
Conclusion
This blog is for informational purposes only and should not be considered financial advice. Before investing in any IPO, conduct thorough research, consult a qualified financial advisor, and carefully consider your risk tolerance and investment goals. For further details about the IPO, refer to the company's offer document and consult with a SEBI-registered financial advisor.
