- IPO Details: The IPO is closed now (July 9th, 2024) and expected to list on July 12th on the NSE SME platform.
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IPO Type: SME IPO
Issue Size: ₹125.23 Crore
Issue Period: July 5th, 2024 – July 9th, 2024 (Closed)
Allotment Expected: Today, July 10th, 2024 (tentative)
Listing Expected: July 12th, 2024 (tentative) on NSE SME
Price Band: ₹181 – ₹190 per share
Minimum Lot Size: 600 Shares
IPO Purpose: Entirely fresh issue (no secondary offering)
- Company: Established in 2016, Ganesh Green Bharat offers electrical contracting services, including solar and electrical goods, to government bodies.
- Financials: The company has shown good revenue and profit growth in recent years.
- IPO Objective: The company aims to raise ₹125.23 crore for debt repayment, capacity expansion, and working capital needs.
- Subscription: The IPO was oversubscribed by more than 12 times on the first day, with strong interest from retail investors.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. It’s important to carefully evaluate your own investment goals and risk tolerance before making any investment decisions.