
Energy / Renewable Energy · NSE
Ganesh Green Bharat Limited, incorporated in April 2016, is a leading Electrical Contracting Service provider specializing in the supply, installation, testing, and commissioning (SITC) of solar and electrical systems for various government projects. The company has successfully executed projects under key initiatives such as the Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna, while also expanding into water supply infrastructure with projects like the Mukhya Mantri Nishchay Quality Affected Yojna and Har Ghar Jal (Jal Jeevan Mission). As of March 31, 2024, its Order Book includes 10 work orders for Solar System & Allied Services, 7 for Electrical Contracting Services, and 1 for Water Supply Scheme Projects. Serving government departments across eight states, including Gujarat Industrial Development Corporation (GIDC), Ahmedabad Municipal Corporation (AMC), and Rajasthan Renewable Energy Corporation Limited (RRECL), the company also caters to private sector clients for Solar PV modules. With a team of 10 engineers, supported by third-party consultants and industry experts, it ensures compliance with industry and government standards. By March 31, 2024, Ganesh Green Bharat Limited had approximately 39 employees and contract laborers at various project sites, reinforcing its role as a trusted partner in India's renewable energy and infrastructure sectors.
Price Band
₹181 – ₹190
Issue Size
₹125 Cr
Lot Size
600 shares
GMP
+123.7%
Est. Listing
₹425
at current GMP
Subscribed
233.48x
overall
Open
5 Jul 2024
Close
9 Jul 2024
Allotment
10 Jul 2024
Refund
11 Jul 2024
Demat Credit
12 Jul 2024
Listing
12 Jul 2024
Designated Registrar: Kfin Technologies Limited
Allotment Date
10 Jul 2024
Basis finalization
Refunds Initiate
11 Jul 2024
Mandate release
Demat Credit
12 Jul 2024
Shares in demat
Listing Debut
12 Jul 2024
Trading begins
Ganesh Green Bharat Limited is bringing an initial public offering (IPO) in the Energy / Renewable Energy sector with an aggregate issue size of ₹125.23 Crores. The shares are offered at a price band of ₹181 to ₹190 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-07-09, the basis of allotment is scheduled to be finalized on 2024-07-10. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.