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.
Ganesh Infraworld IPO Details
| 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 |
Ganesh Infraworld IPO Reservation
| 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 Anchor Investors Details
Ganesh Infraworld IPO raises Rs 26.59 crore from anchor investors. Ganesh Infraworld IPO Anchor bid date is November 28, 2024. Ganesh Infraworld IPO Anchor Investors list
| Bid Date | November 28, 2024 |
| Shares Offered | 3,203,200 |
| Anchor Portion Size (In Cr.) | 26.59 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 3, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 4, 2025 |
Ganesh Infraworld IPO Timeline (Tentative Schedule)
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 |
Ganesh Infraworld IPO Lot Size
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 | |||
Ganesh Infraworld IPO Promoter Holding
Vibhoar Agrawal and Rachita Agrawal are the company’s promoters.
| Share Holding Pre Issue | 81.84% |
| Share Holding Post Issue |
About Ganesh Infraworld Limited
Incorporated in 2017, Ganesh Infraworld Limited is a construction company offering a wide range of construction-related services. The company specializes in the construction of industrial, civil, residential, and commercial buildings, as well as road, railway, power, and water distribution projects across India.
Key Business Segments:
1. Civil and Electrical Infrastructure Projects
- Includes residential and commercial buildings such as offices, hospitals, medical colleges, and towers.
- Expertise in electrification of substations, power distribution lines, high-voltage transformers, and installation of heavy machinery in power stations.
2. Road and Rail Infrastructure Development Projects
- Road projects include excavation, backfilling, and laying concrete and bituminous roads with necessary finishes like seal and tack coats.
- Rail projects involve designing, erecting, testing, and commissioning overhead equipment (OHE) for railway operations.
3. Water Infrastructure Development Projects
- Construction of water distribution systems, including laying pipelines, setting up pumping systems, water treatment plants, and reservoirs.
- Notable projects include participation in the “Har Ghar Jal Mission” in Uttar Pradesh in 2022-23.
The company provides end-to-end EPC (Engineering, Procurement, and Construction) services, covering planning, design, execution, and material supply for civil, electrical, mechanical, and industrial projects.
Ganesh Infraworld has clients such as Magnum Ventures Limited, Raikela Iron Ore Mines, JD Cables Private Limited, Celica Motocorp Private Limited, Jain International Power Limited, and Nirmala Developers.
Ganesh Infraworld Limited 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.
As of August 31, 2024, the company has 42 department employees.
Company Financials
Ganesh Infraworld Limited Financial Information (Restated)
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 | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
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 |
Check Ganesh Infraworld IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.04 | 8.64 |
| P/E (x) | 16.47 | 9.61 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of August 31, 2024 that is available in RHP.
Objects of the Issue (Ganesh Infraworld IPO Objectives)
The Company intends to utilize the gross proceeds raised through the Issue for the following objectives:
- To meet long-term working capital requirements; and
- General Corporate Purposes.
Ganesh Infraworld IPO Review (Apply)
[Dilip Davda] The company is engaged in EPC contracts for residential/commercial/industrial projects, railway infra, road constructions, water distribution, power projects etc. It has posted growth in its top and bottom lines for the reported periods. As of August 31, 2024, it had an order book worth Rs. 574+ cr. Based on its latest financial data, the issue appears fully priced. Investors may park funds for medium to long term. Read detail review…
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Ganesh Infraworld IPO Prospectus
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Ganesh Infraworld Limited Contact Details
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/
Ganesh Infraworld IPO Registrar
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