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Ganesh Infraworld Marks Impressive Debut, Shares Open at ₹157.70, 90% Above Issue Price!

Ganesh Infraworld made a strong debut on the NSE, listing at ₹157.70 with a 90% premium. The stock surged to the upper circuit in 5 minutes, maintaining strong momentum.
Ganesh Infraworld's IPO soars 90% on NSE debut, quickly hitting the upper circuit within 5 minutes.
Ganesh Infraworld's IPO soars 90% on NSE debut, quickly hitting the upper circuit within 5 minutes.

Ganesh Infraworld made a strong debut on the NSE SME, with its shares listing at ₹157.70, reflecting a 90% premium. The stock quickly surged to the upper circuit within 5 minutes of its listing, maintaining strong momentum.

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Ganesh Infraworld Limited IPO saw exceptional demand on Day 3, achieving a remarkable 326.16x subscription rate. This impressive response underscores strong investor confidence and highlights optimistic expectations for the company’s future growth and performance.

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Ganesh Infraworld Limited provides EPC services in industrial, residential, and commercial sectors, specializing in civil, electrical, road, railway, power, and water infrastructure. Since 2017, it has expanded operations from West Bengal to Rajasthan, Uttar Pradesh, and Maharashtra, partnering with clients like Magnum Ventures and JD Cables on various engineering and civil projects across India.

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Read More: Weekly Breakout Stocks in November 2024

Ganesh Infraworld Ltd IPO aims to raise INR 173.59 crores for long-term working capital, funding project growth, geographic expansion, and operational needs. Additional funds will support general corporate purposes and strategic initiatives.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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