Ganesh Green Bharat Ltd

Ganesh Green IPO

Ganesh Green Bharat Ltd

₹1,08,600 /600 sharesMinimum investment

IPO details

Minimum investment
₹1,08,600
Price range
₹181 - ₹190
Lot size
600
Issue size
125.23 Cr
Face value
10
IPO document

Subscription rate

Data will be available soon

Schedule

5 Jul 2024
IPO open date
9 Jul 2024
IPO close date
10 Jul 2024
Allotment date
10 Jul 2024
Funds unblock or debit
12 Jul 2024
Tentative listing date

About

Ganesh Green Bharat Limited is involved in the supply, installation, testing, and commissioning (SITC) of solar and electrical products and services for various government agencies. Initially, the company was involved in electrical contracting and later moved into the renewable energy sector. Since then, it has been providing solar energy solutions, including engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services. The company’s offerings consist of solar home lighting, solar street lighting, solar power plants (both on-grid and off-grid), solar high masts, and solar pumping systems. The company is also engaged in water supply scheme projects. It handles the design, construction, supply, testing, and commissioning of such projects, which include the construction of piped water supply systems and the installation of polyethylene water storage tanks to deliver drinking water through household tap connections in villages. The company’s subsidiary, Souraj Energy Private Limited, manufactures solar photovoltaic (PV) modules.;
Founded in
2016
MD/CEO
Mr. Ketanbhai Narsinhbhai Patel
Parent organisation
Ganesh Green Bharat Ltd

Ganesh Green Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
10690.20170202120222023

Strengths & Risks

Strengths
Risks
The company has an order book of projects across India. As of March 31, 2024, the order book includes 10 work orders in solar system & allied services valued at Rs 273.28 crore; seven work orders in electrical contracting services valued at Rs 26.45 crore; and one work order in water supply scheme project valued at Rs 14.24 crore.
Ganesh Green Bharat offers a wide range of solutions and is strategically positioned to operate various business verticals under one organisation. The company’s diverse product and service offerings cover renewable energy, water supply, and electrical contracting sectors.
The company’s net profit has risen steadily over the past three years – from Rs 5.21 crore in FY2022 to Rs 8.15 crore in FY2023 to Rs 19.88 crore in FY2024.
Ganesh Green Bharat relies heavily on projects funded by the central and state governments. Consequently, any reduction in the government’s budget allocation for these projects could negatively impact the company’s business.
A significant portion of the company’s revenue comes from Gujarat, Rajasthan, Chhattisgarh, Uttar Pradesh, and Punjab. Failure to expand into new regions and markets could limit the company’s growth.
The company is highly dependent on EPC projects in electrical contracting services and solar systems & allied services. If the company fails to anticipate or adapt to technological upgrades or if the demand for these projects decreases, Ganesh Green’s revenue and growth prospects could be adversely affected.
Ganesh Green Bharat has limited experience in manufacturing solar PV modules.
The company has availed of unsecured loans that can be recalled by lenders at any time. As of March 31, 2024, these unsecured loans added up to Rs 19.80 crore.
The company has experienced negative cash flows in the past. Any recurrence of this in the future can impact the company’s business.

Application details

For Ganesh Green IPO, eligible investors can apply as Regular.

Apply asPrice bandApply rangeLot size
Regular₹181 - ₹190₹2 - ₹5 Lakhs600
High Networth Individual₹181 - ₹190₹2 - ₹5 Lakhs600

Frequently Asked Questions