Ganesh Green Bharat IPO details, Date, Price, GMP, Review

Ganesh Green Bharat IPO

Ganesh Green Bharat IPO details Today : Ganesh Green Bharat IPO details Today is Open on [.] 2024 and Close on [.] 2024. Ganesh Green Bharat IPO to Raise 65,91,000 shares (Approx ₹[.] Cr) via IPO. The Fresh issue of 65,91,000 Shares (Approx ₹[.] Cr). 

We are providing comprehensive portfolios in the field of supply, installation, testing and commissioning (SITC) of solar and electrical goods and services to various government bodies.

EPC Serives :- Solar, Water Supply Electrification.

Manufacturing :- Solar Panel, Lithium Battery.

R&D :- Smart Meter, E Vehicle .

We have completed projects under various schemes of Central and State Government like – Saubhagya Scheme, KUSUM Scheme, Saur Sujla Yojna. We also forayed into the business of designing, construction, installation and operation and maintenance of Water Supply Scheme Projects like the Mukhya Mantri Nishchay Quality Affected Yojna, Har Ghar Jal (Jal Jeevan Mission) etc.

We started as a partnership firm in the year 2016 with focus on Electrical contracting services. Later in the year 2017 we stepped into the renewable energy sector where we expanded our operations as an integrated solar energy solutions provider offering engineering, procurement and construction (“EPC”) services and operations and maintenance (“O&M”) services for solar home light, solar street light, solar power plants (On Grid and off Grid), Solar Highmast, Solar Pumping System etc.

we attained the status of Channel Partner of Ministry of New and Renewable Energy (MNRE) and in the year 2018 we completed a substantial project involving 16,486 SPV home lighting system in Rajasthan through Rajasthan Renewable Energy Corporation Limited (RRECL).

Our Subsidiary, Souraj Energy Private Limited (Souraj) is involved into manufacturing of solar photo-voltaic (“PV”) modules with installed capacity of 192.72 MW. SPV modules manufactured in Souraj are made using quality components and advanced technologies that comply with industry standards.

We offer our products and services in various specifications and customization options to cater to the unique demands of our customers. Solar PV modules are manufactured using both polycrystalline and monocrystalline cell technology.

We have also initiated the use of Topcon Solar Cell Technology for manufacturing Solar PV Modules. The products are differentiated on the basis of solar PV module technology and type as well as cell size. These PV modules have wattages between 150Wp – 575Wp (370 Wp – 550Wp Mono PERC P Type Solar Cell (10BB) and 385Wp to 575 Wp – Mono PERC N Type Topcon Solar Cell (16BB) module.

We also have received the BIS certificate from the authority. Our Subsidiary operates from its manufacturing facility situated at Mehsana, Gujarat and is equipped with machines like: Glass Loader, EVA Cutting Machine, Layup Machine, Stringer Bussing, Back sheet, Pre & Post – EL – Testing, Laminator Framing, Sun Simulator, Aluminium frame cutting & punching machine etc.

We have also set up an additional line for manufacturing of solar photo-voltaic (“PV”) modules in our company with installed capacity of 236.73 MW which has recently started commercial production.

our group has diversified its business as service provider into multiple verticals catering to

(i) Solar System & Allied Services .

(ii) Electrical contracting services .

(iii) Water Supply Scheme Projects and as a manufacturer of solar photovoltaic (“PV”) modules .

Our in-house engineering and design capabilities help us offer diversified products and solutions to our customers in each of the product categories in which we operate. Our comprehensive solutions include our services as EPC contractor involving designing, engineering, construction, installation and commissioning of projects.

Our Company bids for tenders issued by government authorities and has worked for departments of 8 states viz:

  • Gujarat Industrial Development Corporation (GIDC),
  • Ahmedabad Municipal Corporation (AMC),
  • Rajasthan Renewable Energy 105 Corporation Limited (RRECL),
  • Dakshin Gujarat Vij Company Limited (DGVCL),
  • Gujarat Energy Development Agency (GEDA),
  • Chhattisgarh State Renewable Energy Development Agency (CREDA),
  • Ajmer Vidhyut Vitaran Nigam Limited (AVVNL),
  • Jodhpur Vidhyut Vitaran Nigam Limited (JdVVNL),
  • Jharkhand Renewable Energy Development Agency,
  • Jaipur Vidhyut Vitaran Nigam Limited (JVVNL),
  • Public Health Engineering Department (PHED),
  • Bihar, Public Health Engineering Department (PHED),
  • Madhya Pradesh, PHED,
  • Rajasthan, Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), UP, NHAI through Kalthia Engineering Construction Ltd (Maharashtra) etc.

Ganesh Green Bharat IPO Date & Price Band Details

IPO Open Date 5 July 2024
IPO Close Date 9 July 2024
IPO Size 65,91,000 shares (Approx ₹125.23 Cr)
Fresh Issue 65,91,000 shares (Approx ₹125.23 Cr)
Lot Size 600 Shares
IPO Face Value ₹10 Per Equity Share"
IPO Price Band ₹181 to ₹190 Per Every Share
IPO Listing On NSE SME
IPO Retail Quota 35%
IPO QIB Quota 50%
IPO NII Quota 15%
DRHP Draft Click Here
Anchor Investor Click Here

Ganesh Green Bharat IPO Market Lot Details

Application Lot Size Shares Amount
Retail Minimum 1 600 ₹114,000
Retail Maximum 1 600 ₹114,000
S-HNI Minimum 2 1200 ₹228,000

Object of the Issue

  1. Repayment in full or in part, of certain of our outstanding borrowings.
  2. Funding Capital Expenditure towards installation of additional plant and machinery at our factory.
  3. Funding to meet working capital requirements.
  4. General Corporate Purpose.

Ganesh Green Bharat IPO Allotment & Listings (Details)

IPO Open Date 5 July 2024
IPO Close Date 9 July 2024
Basis of Allotment 10 July 2024
Refunds 11 July 2024
Credit to Demat Account 11 July 2024
IPO Listing Date 12 July 2024

Ganesh Green Bharat Financial Reports

₹ in Crores
Year Revenue Expense PAT
2024 ₹170.17 ₹143.60 ₹19.89
2023 ₹90.20 ₹79.57 ₹8.16
2022 ₹105.54 ₹99.08 ₹5.21

Our Company Promoters

  1. Ketanbhai Narsinhbhai Patel
  2. Nirav Sureshbhai Patel 
  3. Rajendrakumar Narsinhbhai Patel.

Qualitative Factors

  •  We offer a diversified range of solutions.
  •  Leverage our capabilities to capture strong industry tailwinds and growth prospects for solar energy.
  •  In house designing and execution team and established track record.
  •  Order Book of projects across India.
  •  Experienced Promoters and senior management team.
  •  Stable financial performance.

Also Read: Nephrocare IPO details Date, Price, GMP, Review

Ganesh Green Bharat Comparison Listed Industry Peers Group

Company Name Face Value EPS P/E Ratio Ro NW (%) Book Value Revenue (₹ in Crores)
Ganesh Green Bharat Limited 10.00 3.04 [.] 12.87% 24.03 58.98
Peer Group
Solex Energy Limited 10.00 3.39 127.43 7.20% 47.03 164.39
Waaree Renewable Technologies Limited 10.00 26.63 74.68 65.12% 40.90 352.48
Zodiac Energy Limited 10.00 2.18 91.35 8.70% 24.64 138.50

Comparison of accounting ratios with listed industry peers

  • Ganesh Green Bharat Limited
  • Solex Energy Limited
  • Waaree Renewable Technologies Limited
  • Zodiac Energy Limited

Ganesh Green Bharat Company Contact Details

F – 202. S.G. Business Hub,
S.G. Highway, Ahmedabad,
382470 Gujarat, India.
Tel. No.: +91-79-27903080
Email: cs@ganeshgreen.com
Website: www.ganeshgreen.com

Ganesh Green Bharat IPO Registrar

KFin Technologies Limited
Address: Selenium Tower B, Plot No.31-32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad 500032, Telangana, India
Telephone: +91 40 6716 2222
Email: ggbl.ipo@kfintech.com
Investor Grievance Email: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna

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