Ganesh Infraworld IPO is a fresh issue, aiming to raise ₹98.58 crores by offering 118.77 lakh equity shares. The subscription period for this IPO begins on November 29, 2024, and closes on December 3, 2024. After the allotment is finalized on December 4, 2024, the shares are set to list on the NSE SME platform on December 6, 2024.
The IPO price range is set between ₹78 and ₹83 per share. Retail investors can start with a minimum application of 1,600 shares, requiring an investment of ₹132,800. For larger investors (HNIs), the minimum application is 2 lots (3,200 shares), amounting to ₹265,600. This IPO provides a fresh investment opportunity for those looking to participate in the SME segment.
Ganesh Infraworld IPO – Overview
| IPO Date | November 29, 2024 to December 3, 2024 |
|---|---|
| Listing Date | December 6, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹78 to ₹83 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 11,876,800 shares |
| Fresh Issue | 11,876,800 shares |
| 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 |
Timeline
| IPO Name | Ganesh Infraworld Limited |
|---|---|
| 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 |
Reservation
In the Ganesh Infraworld IPO, the allocation of shares is divided among different investor categories. Qualified Institutional Buyers (QIBs) will be offered not more than 50% of the net offer, while Retail Individual Investors (RIIs) will receive not less than 35% of the total offer. The remaining 15% of the offer is reserved for Non-Institutional Investors (NIIs), commonly referred to as High Net-Worth Individuals (HNIs). This structured allocation ensures a balanced participation across various investor segments.
| 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 |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹132,800 |
| Retail (Max) | 1 | 1600 | ₹132,800 |
| HNI (Min) | 2 | 3,200 | ₹265,600 |
Promoter Holding
| Share Holding Pre Issue | 81.84% |
|---|---|
| Share Holding Post Issue |
Financial Information
Ganesh Infraworld Limited achieved remarkable financial growth, with revenue increasing by 116% and profit after tax (PAT) surging by 198% between the fiscal years ending March 31, 2023, and March 31, 2024.
| 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 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 29.74 |
| ROCE | 35.17 |
| Debt/Equity | 0.16 |
| RoNW | 29.74 |
| P/BV | 3.87 |
| PAT Margin (%) | 7.24 |
About Company
Established in 2017, Ganesh Infraworld Limited is a construction company specializing in a wide range of infrastructure and construction-related services across India. The company focuses on developing industrial, civil, residential, and commercial buildings, as well as executing road, railway, power, and water distribution projects.
Civil and Electrical Infrastructure Projects: Construction of residential and commercial buildings, including offices, hospitals, medical colleges, and towers. Expertise in electrical infrastructure, such as electrifying substations, power distribution lines, installing high-voltage transformers, and setting up heavy machinery in power plants.
Road and Rail Infrastructure Development: Road projects include excavation, backfilling, laying concrete and bituminous roads, and applying finishes like seal and tack coats. Rail infrastructure involves designing, erecting, testing, and commissioning overhead equipment (OHE) for railway operations.
Water Infrastructure Projects: Development of water distribution systems, including laying pipelines, establishing pumping systems, constructing water treatment plants, and building reservoirs. The company contributed to the Har Ghar Jal Mission in Uttar Pradesh during 2022-23.
EPC Services
Ganesh Infraworld provides Engineering, Procurement, and Construction (EPC) services, managing projects from planning and design to execution and material supply. Its expertise spans civil, electrical, mechanical, and industrial projects.
Clientele and Regional Presence
The company serves prestigious clients, including Magnum Ventures Limited, Raikela Iron Ore Mines, JD Cables Private Limited, Celica Motocorp Private Limited, Jain International Power Limited, and Nirmala Developers.
Ganesh Infraworld has a strong footprint, operating in 13 states, including Rajasthan, Uttar Pradesh, Maharashtra, Odisha, Haryana, Jharkhand, Bihar, Jammu & Kashmir, Andhra Pradesh, and Chhattisgarh.
Current Projects and Workforce
As of August 31, 2024, the company has 41 active projects valued at approximately ₹57,485.53 lakhs, spread across different sectors and states.
The company employs a dedicated workforce of 42 department employees to manage and execute its diverse projects.
Ganesh Infraworld Limited’s extensive capabilities and growing project portfolio position it as a key player in India’s construction and infrastructure development landscape.
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/
GMP
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 25-11-2024 | 83.00 | ₹9 Todays Movement - GMP No Change | 10900 | ₹92 (10.84%) | 25-Nov-2024 10:30 |
| 24-11-2024 | 83.00 | ₹9 Todays Movement - GMP No Change | 10900 | ₹92 (10.84%) | 24-Nov-2024 12:30 |
| 23-11-2024 | 83.00 | ₹9 Todays Movement - GMP No Change | 10900 | ₹92 (10.84%) | 23-Nov-2024 12:29 |
| 22-11-2024 | 83.00 | ₹9 Todays Movement - GMP No Change | 10900 | ₹92 (10.84%) | 22-Nov-2024 2:26 |
| 21-11-2024 | 83.00 | ₹9 Todays Movement - GMP No Change | 10900 | ₹92 (10.84%) | 21-Nov-2024 22:31 |
Ganesh Infraworld IPO Valuation – FY2024
| KPI | Value | Explanation |
|---|---|---|
| Return on Equity (ROE) | 59.38% | Indicates the company generates ₹59.38 of profit for every ₹100 of shareholder equity. |
| Return on Capital Employed (ROCE) | 61.58% | Measures the efficiency with which the company uses its capital to generate profit. A higher value is desirable. |
| EBITDA Margin | 8.29% | Represents the percentage of earnings before interest, taxes, depreciation, and amortization relative to revenue, showing operating profitability. |
| Profit After Tax (PAT) Margin | 5.33% | Shows the net profitability of the company after tax expenses. For every ₹100 of revenue, ₹5.33 is profit. |
| Debt to Equity Ratio | 0.83 | Indicates the proportion of debt financing relative to equity. A ratio below 1 suggests manageable debt levels. |
| Earnings Per Share (EPS) | ₹5.66 (Basic) | The portion of the company's profit allocated to each outstanding share of stock, showing profitability on a per-share basis. |
| Price/Earnings (P/E) Ratio | N/A | A valuation metric that compares the current share price to its earnings per share. Not available here, possibly due to lack of earnings or recent listing. |
| Return on Net Worth (RoNW) | 59.38% | Similar to ROE, this shows the return generated on shareholders' net assets. Indicates strong performance. |
| Net Asset Value (NAV) | ₹13.55 | Represents the per-share value of the company's net assets, calculated as (Total Assets - Liabilities) divided by the number of shares. |
Conclusion
Ganesh Infraworld Limited, founded in 2017, has become a significant player in India’s construction sector, specializing in diverse infrastructure projects. With 41 active projects worth ₹57,485.53 lakhs across 13 states and strong financial growth, the company is poised for expansion. Its upcoming IPO, opening on November 29, 2024, aims to raise ₹98.58 crores, reinforcing its market position and future prospects.
FAQs
What is Ganesh Infraworld IPO?
The Ganesh Infraworld IPO is a public offering to raise ₹98.58 crores through fresh equity shares priced at ₹78-83 per share. It opens on November 29, 2024, and will list on the NSE SME platform on December 6, 2024.
When was Ganesh Infraworld Limited established?
Ganesh Infraworld Limited was established in 2017.
What services does Ganesh Infraworld provide?
The company offers construction services across industrial, residential, commercial, road, rail, power, and water infrastructure sectors, along with EPC (Engineering, Procurement, and Construction) solutions.
How many projects is the company currently managing?
As of August 31, 2024, Ganesh Infraworld has 41 active projects worth ₹57,485.53 lakhs across 13 states.
What is the Ganesh Infraworld IPO price band?
The IPO price band is ₹78-83 per share.
When is the IPO open for subscription?
The IPO opens on November 29, 2024, and closes on December 3, 2024.
What is the minimum investment for retail investors?
Retail investors must apply for a minimum of 1 lot, which is 1,600 shares, requiring an investment of ₹132,800.
On which platform will the IPO list?
Ganesh Infraworld IPO will list on the NSE SME platform, with a tentative listing date of December 6, 2024.
How has the company performed financially?
Between FY 2023 and FY 2024, revenue grew by 116%, and profit after tax (PAT) increased by 198%.