New Delhi:
Ganesh Green Bharat, a company in the energy sector specializing in solar PV module manufacturing, is set to launch its initial public offering (IPO) from July 5 to July 9, aiming to raise Rs 125.23 crore.
Price Band and Market Expectations
The IPO price band is fixed at Rs 181-190 per share, with a notable grey market premium of Rs 190, suggesting a potential listing price of Rs 380 per share, marking a 100% premium.
The company’s shares will be listed on the NSE SME platform Emerge.
Details of the IPO
The IPO comprises an issue of 65.91 lakh new shares, with allotment expected on July 10 and listing scheduled for July 12.
Hem Securities Limited is the book running lead manager, and KFin Technologies Limited is the registrar to the issue.
Utilization of IPO Proceeds
Proceeds from the IPO will be utilized for general commercial purposes, working capital requirements,
capital expenditure for new equipment and machinery, and repayment of existing borrowings.
About Ganesh Green Bharat
Established in April 2016 and based in Ahmedabad, Ganesh Green Bharat operates in solar PV module manufacturing, electrical contracting services, and water supply scheme projects.
The company has an installed capacity of 236.73 MW and has successfully executed projects under government initiatives like Saubhagya Yojana, Kusum Yojana, and Solar Sujala Yojana.
Additionally, it undertakes design, construction, installation, operation, and maintenance of water supply projects such as Har Ghar Jal (Jal Jeevan Mission) and Mukhyamantri Nishchay Quality Affected Scheme.
The company has a total installed capacity of 236.73 MW and has successfully executed projects under government initiatives like Saubhagya Yojana, Kusum Yojana, and Solar Sujala Yojana.
They also undertake water supply projects such as Har Ghar Jal (Jal Jeevan Mission) and Mukhyamantri Nishchay Quality Affected Scheme.
