
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
Overall Subscription
233.48x
Total Demand
QIB Multiplier
154.50x
Institutions & Funds
NII / HNI
470.79x
High Net-Worth
Retail (RII)
176.88x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,238,400 | 191,333,400 | 154.50x |
| NIB | 929,400 | 437,554,200 | 470.79x |
| RETAIL | 2,168,400 | 383,537,400 | 176.88x |
| Total | 4,336,200 | 1,012,425,000 | 233.48x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 3,845 | 680,104 | 176.88x |
| HNIs (10L +) | 25 | 11,770 | 470.79x |
| HNIs (2-10L) | 118 | 55,553 | 470.79x |
| Total Applications | 3,988 | 747,427 | 187.42x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
The latest Grey Market Premium (GMP) for Ganesh Green Bharat Limited IPO is ₹235 per equity share. Based on the upper price band of ₹181 to ₹190 per equity share, the estimated listing price is ₹425 (+123.7% expected listing gain).
With a lot size of 600 shares and current GMP of ₹235, the expected profit per application lot is approx ₹1,41,000 (+123.7% gain). Minimum application cost is approx ₹1,14,000.
The Ganesh Green Bharat Limited IPO aggregate issue size is ₹125.23 Crores with an equity price band set at ₹181 to ₹190 per equity share. The retail lot size is 600 shares requiring a minimum capital outlay of approx. ₹1,14,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 233.48x (Retail: 176.88x, QIB: 154.50x, NII: 470.79x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2024-07-10. Investors can verify status using PAN card or application number.
Ganesh Green Bharat Limited shares are scheduled to list on NSE on 2024-07-12.