Ganesh Green Bharat Limited is launching an IPO with a fresh issue of 65,91,000 shares worth INR 125.23 crores. The company aims to repay borrowings, fund capital expenditure, meet working capital needs, and general corporate purposes.
Ganesh Green Bharat IPO – Important Dates
| Ganesh Green Bharat Limited IPO Date | July 5, 2024 to July 9, 2024 |
| Ganesh Green Bharat Limited IPO Listing Date | July 12, 2024 |
| Ganesh Green Bharat Limited IPO Price | INR 181-190 per share |
| Ganesh Green Bharat Limited IPO Lot Size | 600 shares |
| Ganesh Green Bharat Limited IPO Total Issue Size | INR 125.23 crores |
| Ganesh Green Bharat Limited IPO Basis of Allotment | July 10, 2024 |
| Ganesh Green Bharat Limited IPO Initiation of Refunds | July 11, 2024 |
| Ganesh Green Bharat Limited IPO Credit of Shares to Demat | July 11, 2024 |
| Ganesh Green Bharat Limited IPO Issue Type | Book Built Issue IPO |
| Ganesh Green Bharat Limited IPO Listing At | NSE SME |
Ganesh Green Bharat Limited IPO – Company Profile
Ganesh Green Bharat Limited provides SITC of solar and electrical goods to government bodies, completing projects under schemes like Saubhagya, KUSUM, and Jal Jeevan Mission, and engages in water supply scheme projects.
Their group has diversified into solar systems, electrical contracting, water supply projects, and manufacturing solar PV modules. They offer comprehensive EPC services, including design, engineering, construction, and commissioning, with in-house capabilities.
They have an in-house design, engineering, and construction team supported by consultants. Their services cover project management from design to commissioning and maintenance. They also form joint ventures for bidding and executing projects.
Ganesh Green Bharat Ltd IPO Fundamental Analysis
Ganesh Green Bharat Limited Technologies’ financial analysis reveals a mixed performance. Revenue decreased in 2023 but surged in 2024. Equity grew, profitability and EPS improved, RoNW increased, assets rose, and liquidity strengthened, but inventory turnover decreased.
- Revenue Trend: The revenue decreased from ₹10,553.67 lakhs in March 2022 to ₹9,019.91 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 17,017.02 lakhs.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating expanded reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹520.75 lakhs in March 2022 to ₹2,182.98 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹2.86 in March 2022 to ₹10.92 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 19.23% to 34.72%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant decrease in the Inventory Turnover Ratio, which might suggest slower sales or inefficient inventory management.
Ganesh Green Bharat IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 10,553.67 | 9,019.91 | 17,017.02 |
| Equity (₹ in lakhs) | 2,707.34 | 3,522.91 | 5,883.34 |
| Expenses (₹ in lakhs) | 9,908.48 | 7,956.57 | 14,359.81 |
| Profit and Loss After Tax (₹ in lakhs) | 520.75 | 815.57 | 2,182.98 |
| Diluted EPS only (₹) | 2.86 | 4.48 | 10.92 |
| Return on Net Worth (%) | 19.23 | 23.15 | 34.72 |
| NAV per Equity Share (₹) | 14.88 | 19.36 | 31.46 |
| Total Assets (in lakhs) | 8,835.50 | 8,786.05 | 15,029.82 |
| Total Liabilities (in lakhs) | 6,128.15 | 6,036.03 | 9,146.48 |
| Debt Equity Ratio | 0.83 | 0.78 | 0.91 |
| Current Ratio (in times) | 1.38 | 1.82 | 1.88 |
| Inventory Turnover Ratio | 8.40 | 5.46 | 4.17 |
Ganesh Green Bharat Limited IPO Peer Comparison
Ganesh Green Bharat Limited shows vital revenue, EPS, and RoNW metrics. Solex Energy Limited displays high revenue and profitability. Waaree Renewable Technologies Limited has significant revenue and profitability metrics. Zodiac Energy Limited has solid performance indicators.
| Company | Total Income (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic & Diluted) (₹) | RoNW (%) | Book Value (₹ in lakhs) |
| Ganesh Green Bharat Limited | 1,719.60 | 10 | – | 10.92 | 34.72 | 31.46 |
| Solex Energy Limited | 3,680.20 | 10 | 133.86 | 10.92 | 18.89 | 57.80 |
| Waaree Renewable Technologies Limited | 8,798.90 | 10 | 131.91 | 14.22 | 63.80 | 22.28 |
| Zodiac Energy Limited | 2,210.30 | 10 | 94.15 | 7.50 | 23.17 | 32.51 |
Ganesh Green Bharat Ltd IPO Objective
The main objective of Ganesh Green Bharat Limited is to repay outstanding borrowings, fund capital expenditure for plant and machinery, and meet working capital requirements.
- Repayment in whole or in part, of certain of their outstanding borrowings: The company intends to utilize INR 19 crores from the net proceeds to repay part or all of its borrowings, reducing indebtedness and debt servicing costs and freeing internal accruals for business growth and expansion.
- Funding Capital Expenditures to install additional plant and machinery: The company plans to utilize INR 11.52 crores of the net proceeds for capital expenditures to install advanced machinery, enhancing production capacity, efficiency, and product quality while supporting technological advancement and sustainability.
- Funding to meet working capital requirements: The company proposes to use INR 60 crores of the net proceeds for additional working capital in Fiscal 2025, with the remaining needs covered by bank facilities and internal accruals.
- General Corporate Purpose: The Company will deploy the balance of funds towards general corporate purposes, including funding growth opportunities, covering business expenses, servicing borrowings, brand building, marketing, addressing business contingencies, and other purposes.
Ganesh Green Bharat IPO Risks And Challenges
Ganesh Green Bharat Limited’s risk includes reliance on government-funded projects, potential budget reductions, and policy changes. Challenges also involve meeting bidding criteria, delays, litigation risks, and the impact of skilled employee loss on project quality and growth.
- Government-funded projects in solar, electrical, and water supply sectors drive their growth. However, reductions in budget allocations, policy changes, or delays in project awards could adversely affect their business, financial performance, and operations.
- They secure projects through competitive bidding and meet service quality and reputation criteria. Challenges include meeting qualification criteria, delays in tender processes, and potential litigation, which could impact project awards, cash flows, and financial conditions.
- Their in-house team of 10 engineers handles design, engineering, procurement, and project management. Accurate pre-bid studies and skilled personnel are crucial; deviations or loss of experienced employees could impact project quality, cash flows, and growth.
Ganesh Green Bharat Ltd IPO – Industry & Market Potential
India’s renewable energy sector, with over ₹5.2 lakh crore invested since 2014, is on track to meet Paris Agreement targets. By 2030, India’s power requirement is expected to reach 817 GW, with solar and wind power projected to be cost-competitive by 2025-2030.
Solar power generation in India is booming, with capacity reaching 66.7 GW as of May 2023. Significant achievements include 12 GW added in 2022, $4.2 billion in fuel savings, and a 600 MW floating solar project slated for FY23.
The Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY) aims to improve rural power supply by upgrading infrastructure, separating feeders, and enhancing metering. The Government of India funds up to 60% of project costs, with higher grants for particular states.
Ganesh Green Bharat Limited IPO – Type of Offer
Ganesh Green Bharat Limited is launching an IPO with a fresh issue of 65,91,000 shares worth INR 125.23 crores. The company aims to repay borrowings, fund capital expenditure, meet working capital needs, and general corporate purposes.
Ganesh Green Bharat IPO Offer Size
The offer size of Ganesh Green Bharat Limited is INR 125.23 crores, consisting of a fresh issue of 65,91,000 shares. The company seeks funds to repay borrowings, fund capital expenditure, meet working capital needs, and general corporate purposes.
Ganesh Green Bharat Limited IPO Allotment Structure
Ganesh Green Bharat Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 331,200 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 331,200 shares, are reserved for marker makers.
How to apply for a Ganesh Green Bharat Limited IPO?
To apply for the Ganesh Green Bharat Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Ganesh Green Bharat Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Ganesh Green Bharat Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Ganesh Green Bharat Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Ganesh Green Bharat Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Ganesh Green Bharat Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Ganesh Green Bharat Limited IPO:
● Registrar’s Website: Visit the website of KFin Technologies Limited, the registrar of the Ganesh Green Bharat Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Ganesh Green Bharat Limited Ltd IPO Offer Registrar
The registrar for the Ganesh Green Bharat Limited IPO is KFin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
KFIN TECHNOLOGIES LIMITED
Selenium Tower- B, Plot 31-32,
Gachibowli, Financial District,
Nanakramguda, Serilingampally,
Hyderabad-500 032, Telangana, India.
Tel No.: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com
Ganesh Green Bharat Limited Limited IPO – FAQs
1. What is Ganesh Green Bharat Limited’s allotment date?
The allotment date of the Ganesh Green Bharat Limited IPO is July 10, 2024.
2. What is the price band of the Ganesh Green Bharat Limited IPO?
The price band of the issue is INR 181-190 per share.
3. What is the size of the Ganesh Green Bharat Limited IPO?
The offer size of Ganesh Green Bharat Limited is INR 125.23 crores, consisting of a fresh issue of 65,91,000 shares. The company seeks funds to repay borrowings, fund capital expenditure, meet working capital needs, and general corporate purposes.
4. What is the listing date of the Ganesh Green Bharat Limited IPO?
The listing date of Ganesh Green Bharat Limited’s IPO is July 12, 2024.
