Ganesh Infraworld IPO Opens on November 29 - All You Need to Know Before Applying
Ganesh Infraworld Limited, a construction and related services provider based in West Bengal, is set to launch its initial public offering (IPO) on November 29, 2024.
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 is scheduled to open 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.
- Vivro Financial Services Private Limited is the book running lead manager for the IPO. Link Intime India Private Ltd is the registrar of the issue. Rikhav Securities is the market maker for the IPO.
Key Ratios
|
Years |
FY22 |
FY23 |
FY24 |
|
ROE |
26.64% |
44.62% |
59.38% |
|
ROCE |
48.44% |
72.96% |
89.00% |
|
D/E |
0.37 |
0.47 |
0.83 |
|
EBITDA Margin |
4.60% |
6.79% |
8.29% |
|
PAT Margin |
2.33% |
3.86% |
5.33% |
Ganesh Infraworld Limited Overview
Ganesh Infraworld Limited is a company that specializes in providing integrated engineering, procurement, and construction (EPC) services across various infrastructure sectors.
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.
The company operates on two main business models:
Item-rate contracts, which are based on per-unit pricing, and percentage-rate contracts, which follow a cost-plus pricing structure. It typically works as a subcontractor for larger EPC contractors but also occasionally undertakes projects directly for both private and government clients.
Ganesh Infraworld operates across several business segments:
- Civil and Electrical Infrastructure Projects: This includes industrial and non-industrial construction, plant and warehouse projects, as well as power infrastructure development.
- Road and Rail Infrastructure Projects: The company focuses on the development and maintenance of road and railway infrastructure, including overhead equipment (OHE) systems.
- Water Infrastructure Projects: The company is involved in water treatment, distribution networks, and household water connections, particularly under initiatives like "Har Ghar Jal."
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.