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GGBLSME / NSEListed
Ganesh Green Bharat

Ganesh Green Bharat Limited, incorporated in April 2016, is a leading Electrical Contracting Service provider specializing in the supply, installation, testing, and commissioning (SITC) of solar and electrical systems for various government projects. The company has successfully executed projects under key initiatives such as the Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna, while also expanding into water supply infrastructure with projects like the Mukhya Mantri Nishchay Quality Affected Yojna and Har Ghar Jal (Jal Jeevan Mission). As of March 31, 2024, its Order Book includes 10 work orders for Solar System & Allied Services, 7 for Electrical Contracting Services, and 1 for Water Supply Scheme Projects. Serving government departments across eight states, including Gujarat Industrial Development Corporation (GIDC), Ahmedabad Municipal Corporation (AMC), and Rajasthan Renewable Energy Corporation Limited (RRECL), the company also caters to private sector clients for Solar PV modules. With a team of 10 engineers, supported by third-party consultants and industry experts, it ensures compliance with industry and government standards. By March 31, 2024, Ganesh Green Bharat Limited had approximately 39 employees and contract laborers at various project sites, reinforcing its role as a trusted partner in India's renewable energy and infrastructure sectors.

₹181 - ₹190233.48x sub
Listed Price₹361.00
Listing Gain+90.00%

IPO Schedule & Timeline

Bookbuilding IPO
Open05 Jul 2024
Close09 Jul 2024
Allotment10 Jul 2024
Listing12 Jul 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB12,38,400 shares
28.13%
HNI9,29,400 shares
21.11%
Retail21,68,400 shares
49.26%
Employee66,000 shares
1.5%

Minimum Application Lots

Retail1 Lot (600 shares)
₹1,14,000
HNI2 Lots (1,200 shares)
₹2,28,000

Company Promoters

Ketanbhai Narsinhbhai PatelRajendrakumar Narsinhbhai PatelNiravkumar Sureshbhai Patel Shilpaben Ketanbhai Patel

Company Background

Ganesh Green Bharat Limited, incorporated in April 2016, is a leading Electrical Contracting Service provider specializing in the supply, installation, testing, and commissioning (SITC) of solar and electrical systems for various government projects. The company has successfully executed projects under key initiatives such as the Saubhagya Scheme, KUSUM Sche...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-24)₹17196.48 Cr
Growth+62.0%
Revenue Trend (₹ in Crores)
0.06.6k13.2k19.8kMar-22Mar-23Mar-24
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-2417,196.482,183.0215,029.825,370.17
Mar-239,059.53815.578,786.052,738.89
Mar-2210,612.10520.758,835.502,247.06

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-24 10.9246.42%29.98%15.8523.33
Mar-23 4.4826.18%21.70%00
Mar-222.8621.28%18.83%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
10 Jul 2024
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
12 Jul 2024

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

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Allotment Schedule & Milestones

IST
1. Allotment Finalization10 Jul 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date12 Jul 2024Trading commences on exchange

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About Ganesh Green Bharat IPO

Complete issue overview for Ganesh Green Bharat (GGBL) IPO. The issue features an equity share price band of ₹181 – ₹190 per share with a minimum retail lot size of 600 Shares (minimum application amount of ₹1,14,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions