Ganesh Green Bharat SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Ganesh Green Bharat IPO. Explore Ganesh Green Bharat IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Ganesh Green Bharat Limited specializes in providing comprehensive solutions for the supply, installation, testing, and commissioning (SITC) of solar and electrical goods and services for government bodies. They have undertaken various government schemes like the Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna. They also handle water supply scheme projects like Mukhya Mantri Nishchay Quality Affected Yojna and Har Ghar Jal (Jal Jeevan Mission). With their subsidiary Souraj Energy Private Limited, they manufacture solar photovoltaic (PV) modules, enhancing their position as an integrated provider of solar energy solutions.
Key Points:
- Comprehensive Services:
- Engages in designing, construction, installation, operation, and maintenance of water supply scheme projects.
- Began as an electrical contracting firm in 2016 and expanded into the renewable energy sector in 2017.
- Offers EPC and O&M services for various solar projects including solar home lighting, street lighting, power plants, high mast, and pumping systems.
- Bids for government tenders and has executed projects for various state departments.
- Also serves private sector clients with solar PV modules.
- Solar PV Manufacturing:
- Subsidiary Souraj Energy Private Limited manufactures solar PV modules with an installed capacity of 192.72 MW.
- Uses both polycrystalline and monocrystalline cell technology, including Topcon Solar Cell Technology.
- Recently added a new manufacturing line with a capacity of 236.73 MW.
- In-House Capabilities:
- In-house team for designing, engineering, and construction ensures self-reliance.
- Supported by third-party consultants for compliance and quality standards.
Objects of the Issue
- Repayment in full or in part, of certain of the outstanding borrowings
- Funding Capital Expenditure towards installation of additional plant and machinery at company's factory
- Funding to meet working capital requirements
- General Corporate Purpose.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 05 Jul - 09 Jul 2024 |
| IPO Price Band | ₹ 181 – 190 per share |
| Fresh Issue | 65,91,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 125.23 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 05 Jul 2024 |
| IPO Closing Date | 09 Jul 2024 |
| Basis Of Allotment | 10 Jul 2024 |
| Refunds | 11 Jul 2024 |
| Demat Transfer | 11 Jul 2024 |
| IPO Listing Date | 12 Jul 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | NA | 106.12 | 90.60 | 171.96 |
| Total Expenses | NA | 99.80 | 79.57 | 143.60 |
| Net Profit/Loss | NA | 5.21 | 8.16 | 21.83 |
| NPM (*) | NA | 4.93 | 9.04 | 11.69 |
| Total Assets | NA | 88.36 | 87.86 | 150.30 |
| Total Liabilities | NA | 61.28 | 52.63 | 93.02 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | NA | 2.86 | 4.48 | 10.92 |
| ROE (%) | NA | 21.28 | 26.18 | 46.42 |
| ROCE (%) | NA | 18.83 | 21.70 | 29.98 |
| D/E Ratio | NA | 0.83 | 0.78 | 0.91 |
| Current Ratio | NA | 1.38 | 1.82 | 1.88 |
| EBITDA MARGIN (%) | NA | 8.14 | 15.18 | 20.35 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Ganesh Green Bharat Limited | 170.17 | 17.40 | 10.92 | 34.72 | 31.46 |
| Solex Energy Limited | 365.92 | 133.86 | 10.92 | 18.89 | 57.80 |
| Waaree Renewable Technologies Limited | 876.44 | 131.91 | 14.22 | 63.80 | 22.28 |
| Zodiac Energy Limited | 220.06 | 94.15 | 7.50 | 23.17 | 32.51 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 154.5 |
| Non-Institutional Investor (NII/HNI) | 470.44 |
| Retail Individual Investor (RII) | 176.88 |
| Total | 229.92 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- Ketanbhai Narsinhbhai Patel
- Rajendrakumar Narsinhbhai Patel
- Niravkumar Sureshbhai Patel
- Shilpaben Ketanbhai Patel
Lead Managers
- HEM SECURITIES LIMITED
Company Address
Ganesh Green Bharat Limited
F-202. S.G. Business Hub, S.G. Highway, Ahmedabad-382470 Gujarat India
Phone: +91-79-29703080
Email: cs@ganeshgreen.com
Website: https://ganeshgreen.com/
FAQs
- What is the issue size of the Ganesh Green Bharat SME IPO?The Ganesh Green Bharat SME IPO has an issue size of Approx ₹ 125.23 crore. This includes a fresh issue of 65,91,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Ganesh Green Bharat IPO?The price band for the Ganesh Green Bharat IPO is ₹ 181 – 190 per share.
- What are the bidding dates for the Ganesh Green Bharat IPO?The Ganesh Green Bharat IPO will open for bidding on 05 Jul 2024 and close on 09 Jul 2024.
- What is the allotment date for the Ganesh Green Bharat IPO?The allotment date for the Ganesh Green Bharat IPO is 10 Jul 2024.
- What is the listing date for the Ganesh Green Bharat IPO?The listing date for the Ganesh Green Bharat IPO is 12 Jul 2024.
- What is the Ganesh Green Bharat IPO grey market premium?The grey market premium (GMP) for the Ganesh Green Bharat IPO is currently at ₹235, with an expected listing gain of approximately 123.68%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.