- Massive Subscription: The IPO received a subscription of 369.56 times.
- GMP Surge: Shares are trading at ₹161 in the grey market, indicating strong demand.
- Allotment Status: Investors can check allotments soon via NSE and Link Intime.
- Listing Date: December 6, 2024, on NSE's SME platform.
- Business Strength: A diverse project portfolio and robust financials underline Ganesh Infraworld’s growth potential.
ntial, and commercial infrastructure projects. Its expertise spans roads, railways, power distribution, and water systems, with a presence in multiple states across India.
Ganesh Infraworld Ltd’s Initial Public Offering (IPO), priced between ₹78 and ₹83 per share, is set to debut on the NSE’s SME platform, Emerge, on Friday, December 6, 2024. The ₹98.58 crore SME IPO has generated a phenomenal response from investors, with an overall subscription of 369.56 times.
The IPO, which closed on December 3, 2024, attracted massive interest and was open for subscription from November 30, 2024, to December 3, 2024. With the listing just around the corner, investors are eagerly awaiting to see how the stock performs once it starts trading on the exchange.
IPO Details
The price band for the SME issue was fixed at ₹78–₹83 per share, with a minimum lot size of 1,600 shares.
- Retail investors had to invest a minimum of ₹1,32,800 for one lot.
- High-net-worth individuals (HNIs) were required to apply for at least two lots (3,200 shares), amounting to a minimum investment of ₹2,65,600.
The IPO proceeds will be used to expand operations, secure larger contracts, and strengthen Ganesh Infraworld’s market position in the infrastructure sector.
Ganesh Infraworld’s unlisted shares are commanding a premium of ₹161, representing a 93.98% increase over the upper price band of ₹83. The strong grey market activity underscores the robust investor sentiment ahead of the listing.
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Strategic and Financial Highlights
- Order Book: As of August 2024, the company has 41 ongoing projects across infrastructure sectors such as roads, railways, electricity, water, and civil construction. This pipeline ensures sustainable growth and income visibility.
- Valuation:
- At ₹83 per share, the IPO is valued at a P/E ratio of 22.81x based on FY24 earnings (EPS of ₹3.64).
- On annualized FY25 earnings, the P/E ratio drops to 9.61x, indicating growth potential.
- Strategic Advantages: Ganesh Infraworld is leveraging effective working capital management and utilizing IPO funds to expand its operations.
Company Overview
Ganesh Infraworld Ltd is a construction company specializing in end-to-end EPC services for industrial, civil, residential, and commercial infrastructure projects. Its expertise spans roads, railways, power distribution, and water systems, with a presence in multiple states across India.
IPO Summary Table
| Details | Information |
|---|---|
| Issue Size | ₹98.58 crore |
| Price Band | ₹78–₹83 per share |
| Subscription | 369.56 times |
| Grey Market Premium (GMP) | ₹161 (93.98% premium over ₹83) |
| Retail Investment | ₹1,32,800 (1 lot, 1,600 shares) |
| HNI Investment | ₹2,65,600 (2 lots, 3,200 shares) |
| Book Manager | Vivro Financial Services Private Limited |
| Registrar | Link Intime India Pvt Ltd |
| Listing Platform | NSE SME Emerge |
| Tentative Listing Date | December 6, 2024 |
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or an endorsement of any IPO or investment opportunity. While we strive to ensure the accuracy of the details shared, the content is based on publicly available information, research, and reports from credible sources. Readers are advised to verify the details independently and consult with a financial advisor before making any investment decisions.Stay informed and exercise caution while making financial decisions.
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