Ganesh Infraworld IPO Allotment Today: Key Highlights, Subscription Status, and Insights

Ganesh Infraworld Overview

The company is a leading construction firm in India, offering a wide range of services across various sectors, such as industrial civil projects, residential and commercial buildings, roads, railways, power infrastructure, and water systems. With expertise in integrated engineering, procurement, and construction (EPC), it handles every stage of project execution, from planning and design to implementation, encompassing mechanical, electrical, civil, and industrial services, along with material procurement. Its operations are organized into three main divisions: Civil and Electrical Infrastructure, Road and Rail Infrastructure Development, and Water Infrastructure Development, all operating under a unified focus on engineering and construction excellence.

Ganesh Infraworld IPO Day 3 Subscription Status 

(December 03, 2024, End of Day)

On the third day of bidding, the Ganesh Infraworld IPO witnessed a subscription level of 369.56 times the total shares available. 

• The Non-Institutional Investors (NIIs) subscribed 865.82 times their allotted quota. 
• The Retail Investors segment saw a remarkable response, with subscriptions reaching 274.48 times their allocation. 
• In contrast, the Qualified Institutional Buyers (QIBs) segment, though participating, recorded a subscription rate of 163.52 times.

Ganesh Infraworld IPO Details

• The Ganesh Infraworld IPO consists of 11,876,800 equity shares, aggregating up to ₹98.58 crores. The company has set a price band of Rs 78-83 per share for this initial public offering.
• The lot size is 1600 shares, and the minimum investment required by retail investors is ₹132,800. 
• The shares are proposed to be listed on the NSE SME.
• The IPO opened for subscription on November 29 and will close on December 3. Allotment for the Ganesh Infraworld IPO is expected to be finalized on Wednesday, December 4, 2024. The tentative listing date is Friday, December 6, 2024.

Utilization of IPO Proceeds

Ganesh Infraworld plans to allocate Rs 70 crore from the net proceeds to meet long-term working capital requirements. This includes Rs 40 crore for FY 2024-25 and Rs 30 crore for FY 2025-26. The remaining funds will be used for general corporate purposes.

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.