IPO Details

Bidding Dates

29 Nov '24 - 03 Dec '24

Minimum Investment

₹132,800 / 1 Lot (1,600 Shares)

Price Range

₹78 - ₹83

Maximum Investment

₹132,800 / 1 Lot (1,600 Shares)

Retail Discount

Not Applicable

Issue Size

₹98.58 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |   eligible employees  |  

Ganesh Infraworld IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Nov 29, 2024

IPO Closing Date

Dec 3, 2024

Basis of Allotment

Dec 4, 2024

Initiation of Refunds

Dec 5, 2024

Listing Date

Nov 6, 2024

About Ganesh Infraworld IPO

Ganesh Infraworld IPO is a ₹98.58 crore book-built issue, comprising entirely of a fresh issue of 118.77 lakh shares. The IPO is open for subscription from 29 November 2024 to 3 December 2024, with the allotment expected to be finalised on 4 December 2024. The shares are set to list on the NSE SME platform on 6 December 2024.

The price band for the IPO is ₹78 to ₹83 per share, with a minimum application lot size of 1,600 shares. Retail investors are required to invest a minimum of ₹1,32,800, while HNIs must invest in at least 2 lots (3,200 shares), amounting to ₹2,65,600.

Vivro Financial Services Private Limited is acting as the book-running lead manager for the issue, with Link Intime India Private Ltd as the registrar. Rikhav Securities serves as the market maker for the IPO.

Industry Outlook

  1. India's infrastructure capital investment is projected to grow at a CAGR of 11.4% (2021-26), with ₹11.11 lakh crore allocated for FY 2024-25.
  2. FDI inflows in construction (infrastructure) stood at US$ 33.91 billion (April 2000-March 2024), showcasing strong global investment interest in India’s infrastructure sector.

Ganesh Infraworld IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. To meet long-term working capital requirements; and
  2. General Corporate Purposes.

About Ganesh Infraworld Limited 

Incorporated in 2017, Ganesh Infraworld Limited is a leading construction company specialising in industrial, civil, residential, and commercial buildings, as well as road, railway, power, and water distribution projects across India. The company provides comprehensive EPC (Engineering, Procurement, and Construction) services, including planning, design, execution, and material supply for civil, electrical, mechanical, and industrial projects.

Key Business Segments:

  1. Civil and Electrical Infrastructure: Projects include residential and commercial buildings, electrification of substations, power distribution lines, and installation of heavy machinery in power stations.
  2. Road and Rail Development: Expertise in road construction and overhead equipment (OHE) installation for railways.
  3. Water Infrastructure: Projects like pipelines, pumping systems, water treatment plants, and reservoirs, including participation in the "Har Ghar Jal Mission."

The company operates in 13 states with 41 active projects valued at ₹57,485.53 lakhs as of August 2024. Its clientele includes Magnum Ventures, Raikela Iron Ore Mines, JD Cables, and more, supported by a dedicated team of 42 employees.

How To Check the Allotment Status of the Ganesh Infraworld IPO?

A: Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How to apply for Ganesh Infraworld IPO online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Ganesh Infraworld IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Ganesh Infraworld IPO 

Registered office: Godrej Genesis, Unit No. 906, 9th Floor, Street No. 18, Block - EP & GP, Sector - V, Salt Lake, Bidhan Nagar CK Market, North 24 Parganas, Saltlake 700 091, West Bengal, India

Phone: +91-33 4604 1066

E-mail: cs@ganeshinfraworld.com

IPO Financials Performance of Ganesh Infraworld Limited

Particulars Five months period ended August 31, 2024 Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from operation (in ₹ lakh ) 21,065.82 29,033.71 13,349.18 8,023.88
Profit After Tax (PAT) (in ₹ lakh) 1,537.20 1,554.47 520.92 188.75
Total Borrowings (in ₹ lakh) 1,033.02 3,072.42 708.96 304.99
Net Worth (in ₹ lakh) 6,617.24 3,720.04 1,515.22 819.44
NAV (in ₹) 21.45 13.55 5.52 2.99
PAT Margins (%) 7.24% 5.33% 3.86% 2.33%
Cash and Cash Equivalents (in ₹ lakh) 1,878.78 560.88 8.10 3.17
Earning Per Share (EPS)-in absolute ₹ 4.98 5.66 1.38 0.92

Know before investing

Strengths

6

  1. Strong order book with ₹57,485.53 lakhs in ongoing projects.

  2. Proven execution capacities enable repeat orders from large EPCs.

  3. A diverse project range mitigates industry-specific risks effectively.

  4. Experienced management led by industry veterans Vibhoar Agrawal and Rupkumar Bhattacharyay.

  5. Significant revenue growth, achieving a CAGR of 90.22% (2022-2024).

  6. Geographical expansion increases order size and mitigates regional risks.

Risks

6

  1. Concentrated projects in West Bengal risk policy or economic shifts.

  2. Over-reliance on repeat orders from large engineering construction companies.

  3. High working capital needs; short-term borrowing at ₹1,033.02 lakhs.

  4. Seasonal variations may disrupt project schedules and cash flow.

  5. Order Book not guaranteed income; ₹57,485.53 lakhs potentially unstable.

  6. Significant revenue from few clients; top five contribute 78.13%.

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Ganesh Infraworld IPO FAQs

What is the Ganesh Infraworld IPO?

Ganesh Infraworld IPO is a book built issue IPO. It will be open from November 29, 2024, to December 3, 2024.

When will Ganesh Infraworld IPO be allotted?

The Basis of Allotment will happen on Wednesday, December 4, 2024.

When will Ganesh Infraworld IPO open for subscription?

The IPO subscription window will open on November 29, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,600 shares.

When will Ganesh Infraworld Limited list on exchanges?

The listing date for Ganesh Infraworld Limited is Friday, December 6, 2024.

What is the issue size of Ganesh Infraworld IPO?

The issue size of the Ganesh Infraworld IPO is up to ₹98.58 crore, with a completely fresh issue.

What are the open and close dates of the Ganesh Infraworld IPO?

The open and close dates for Ganesh Infraworld IPO are from November 29, 2024 to December 3, 2024.

What would be the listing gains on the Ganesh Infraworld IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting an Ganesh Infraworld IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.

3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Ganesh Infraworld IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Ganesh Infraworld Limited using one PAN?

You can submit only one application using your PAN card.

How to read Ganesh Infraworld Limited's financial statements?

To read Ganesh Infraworld’s financial statements, download the IPO’s  RHP document.

What is 'pre-apply' for Ganesh Infraworld Limited IPO?

Pre-apply allows investors to apply for the  Ganesh Infraworld  IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Ganesh Infraworld Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Ganesh Infraworld Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Ganesh Infraworld IPO?

Link Intime India Private Ltd is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Ganesh Infraworld IPO getting listed?

Ganesh Infraworld Limited  IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).