Ganesh Infraworld Ltd. was incorporated on May 15, 2017. The company is a construction firm providing a range of services across industrial civil projects, residential and commercial buildings, road construction, railway infrastructure, power, and water distribution projects in India
| Bidding Dates |
|---|
| 29 Nov 2024 - 03 Dec 2024 |
| Subscription |
|---|
| 326.16x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,24,800 | 1 | 1 | 1600 | 11.9 M | ₹78 - ₹83 | 59.09 % | ₹926.4 M - ₹985.8 M | RHP DOC |
Ganesh Infraworld Ltd. IPO SUBSCRIPTION STATUS
03 Dec '24Ganesh Infraworld Ltd. IPO overall subscription rate was 326.16 times the total available shares
Ganesh Infraworld Ltd. IPO retail subscription rate was 357.17 times in the retail segment
Ganesh Infraworld Ltd. IPO non-institutional investor subscription rate was 1072.33 times in the non-institutional investor category
Ganesh Infraworld Ltd. IPO Qualified Institutional Bidder subscription rate was 80.6 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 Dec 2024 (Day 3) | 357.17x | 1072.33x | 80.6x |
02 Dec 2024 (Day 2) | 43.46x | 26.36x | 1.73x |
29 Nov 2024 (Day 1) | 2.95x | 1.53x | 0x |
Ganesh Infraworld Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 5MFY25 | 153.7 | 2106.6 | 3.4 | -199.0 | 10.2% |
| FY24 | 155.4 | 2903.4 | -48.4 | -228.4 | 8.3% |
| FY23 | 52.1 | 1334.9 | 25.9 | 13.8 | 6.8% |
| FY22 | 18.9 | 802.4 | -102.0 | -181.4 | 4.6% |
Ganesh Infraworld Ltd. IPO SUBSCRIPTION STATUS DETAILS
Ganesh Infraworld Ltd. had 11.9 M shares on offer
Ganesh Infraworld Ltd. IPO offer price was in the range ₹78 - ₹83
Ganesh Infraworld Ltd. IPO minimum Investment was ₹124800
Ganesh Infraworld Ltd. IPO issue size was ₹ 926.4 M - ₹ 985.8 M
Ganesh Infraworld Ltd. had a minimum lot size of 1600 Shares per application
Ganesh Infraworld Ltd. NUMBER OF SHARES ON OFFER
Ganesh Infraworld Ltd. IPO IMPORTANT DATES
| Issue Open Date | 29 Nov 2024 |
| Issue close Date | 03 Dec 2024 |
| Allotment Date | 04 Dec 2024 |
| Refund Date | 05 Dec 2024 |
| Demat Account Credit Date | 05 Dec 2024 |
| Listing Date | 06 Dec 2024 |
| Listing on Exchange(s) | NSE |
| Ganesh Infraworld Ltd. Allotment Status | Exchange |
Ganesh Infraworld Ltd. IPO subscription opened on 29 Nov 2024, and closed on 03 Dec 2024
IPO allotment for Ganesh Infraworld Ltd. was finalized on Wednesday, 04 Dec 2024
IPO listing for Ganesh Infraworld Ltd. was on NSE on Friday, 06 Dec 2024
Ganesh Infraworld Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 83.0 |
| Listing Open Price | 157.7 |
| Listing Close Price | 165.6 |
| Listing Gain% | 90.0% |
| Current Gain% | 41.8% |
Ganesh Infraworld Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ganesh Infraworld Ltd. | 117.6 | 502.6 | 6.6 | 0 | 0.5 | 29.9 | 6.6 | 839.6 | 54.8 | 76.2 | 90.2 | 17.8 | 248 |
| Larsen & Toubro Ltd. | 4080 | 574020.2 | 34.6 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 106.3 | 112241.9 | 639.6 | 4.4 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 230.7 | 48097.2 | 55 | -1.7 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 94.8 | 25609.5 | 35.6 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1315.4 | 22463.4 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Ganesh Infraworld Ltd. INFORMATION ON IPO ISSUE
About Ganesh Infraworld Ltd.
Ganesh Infraworld Ltd. was incorporated on May 15, 2017. The company is a construction firm providing a range of services across industrial civil projects, residential and commercial buildings, road construction, railway infrastructure, power, and water distribution projects in India
Object of the Issue
- To meet long-term working capital requirements
- General corporate purposes
Ganesh Infraworld Ltd. - PROMOTERS
| Name |
|---|
| Vibhoar Agrawal |
| Rachita Agrawal |
Ganesh Infraworld Ltd. Lead Manager of the Issue
Vivro Financial Services Private Limited
investors@vivro.net
Ganesh Infraworld Ltd. Registrar to the issue
Link Intime India Private Limited
ganeshinfraworld.ipo@linkintime.co.in
Ganesh Infraworld Ltd. Strengths
Strong order book
As of August 31, 2024, the company has orders worth Rs 57,485.5 lakh, consisting of 41 ongoing projects in civil and electrical infrastructure, road and rail development, and water infrastructure
Diverse segments of infrastructure projects
The company has successfully executed a diverse range of construction projects, including industrial and non-industrial construction, plant and warehouse projects, electrical engineering, and road, rail, and water infrastructure development
Ganesh Infraworld Ltd. Risks
Geographically concentrated
Despite having a diversified geographical presence, the company's projects have historically been concentrated in West Bengal. Any changes in policies, laws, regulations, or the political and economic environment in the region could negatively impact its business, financial condition, and operations
Relationship with engineering & construction companies
The company sources a significant portion of new orders through its relationships with large engineering and construction companies, both current and past. Failure to maintain these relationships or build new ones could adversely affect its business operations and profitability
Capital intensive
The company's business is working capital intensive. Insufficient cash flows or inability to secure financing for working capital and loan repayments could negatively impact its business, financial condition, and operations
IPO FAQs
The promoters of the company are Vibhoar Agrawal and Rachita Agrawal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 78.0 - 83.0.
The IPO application opens on Nov 29, 2024 and closes on Dec 03, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 124,800.0, the maximum value for this IPO is Rs 132,800.0.
This IPO will be allotted on Dec 04, 2024.
The refund will be credited to your account on Dec 05, 2024.
The allotted shares will be credited to your demat on Dec 05, 2024.
Ganesh Infraworld Ltd.’s shares listed on the stock exchanges on Dec 06, 2024.