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Ganesh Green Bharat Soars with 90% Premium on NSE SME, Shares List at ₹361!

News by Aliceblue News Desk

12 Jul 2024

Ganesh Green Bharat Soars with 90% Premium on NSE SME, Shares List at ₹361!

Ganesh Green Bharat’s IPO launched on the NSE SME with its shares soaring to ₹361, marking a 90% premium over the initial price of ₹190. The stock’s outstanding debut today reflects robust investor enthusiasm and market confidence.

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Ganesh Green Bharat Limited specialises in SITC for solar and electrical projects for government initiatives like Saubhagya and KUSUM. The company provides extensive EPC services, handling everything from design and engineering to construction and commissioning, supported by in-house teams and external consultants. They also engage in joint ventures for project execution.

Ganesh Green Bharat Ltd aims to use its IPO proceeds to repay debts, invest in plant machinery, boost working capital for 2025, and fund general corporate needs to enhance capacity, efficiency, and market growth.

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