Ganesh Infraworld Limited IPO GMP, Subscription Status, Price Band Details: Ganesh Infraworld IPO has opened for subscription on 29th November. This issue, which will close on December 3, is worth Rs 98.6 crore.
Table of Contents
Ganesh Infraworld Limited IPO Motive
The IPO is entirely a fresh equity sale of 1.18 crore shares. The company will use the proceeds raised through this issue to meet long-term working capital requirements and pursue general corporate objectives.
Ganesh Infraworld Limited IPO GMP
Ganesh Infraworld SME IPO GMP is priced at Rs 35 in the unlisted market, which is 42.1% higher than the cap price.
Ganesh Infraworld IPO Price Band
Ganesh Infraworld has kept the price band at Rs 78-83 per share. The minimum lot size with one application is 1600 shares. The minimum investment amount for retail investors is Rs 1 lakh 32 thousand 800.
Ganesh Infraworld Limited Business Details
If we talk about the business of the company, Ganesh Infraworld Limited provides construction and allied services for Industrial Construction Projects, Residential and Commercial Buildings, Road Construction, Railroad Infrastructure Projects, Power Projects and Water Supply Projects in India.
Ganesh Infraworld Limited Financial Details
If we look at the financial details of Ganesh Infraworld, in the last three financial years the company has implemented projects worth Rs 50,406.77 lakh.
The company’s order book as of July 31, 2024, included 29 ongoing projects in 10 different states worth a total of Rs 53,306.87 lakh.
Ganesh Infraworld Limited’s revenue declined by 62.04% and profit after tax (PAT) declined by 23.55% between the financial years ending March 31, 2024 and March 31, 2023.
Ganesh Infraworld Limited IPO Book Running Manager, Registrar
Vivro Financial Services Pvt Ltd is the book running lead manager to the Ganesh Infraworld IPO, while Satellite Corporate Services Pvt Ltd is the registrar to the issue.