Ganesh Green Bharat SME IPO: Key Details and Insights

Ganesh Green Bharat Limited, a prominent player in the solar and electrical product industry, is set to launch its SME IPO worth ₹125.23 crore. Here’s a comprehensive overview of the IPO and the company for potential investors and stakeholders.

IPO Details:

• IPO Opening Date: July 5, 2024
• IPO Closing Date: July 9, 2024
• Face Value: ₹10 per share
• Price Band: ₹181 – ₹190 per share
• Minimum Lot Size: 600 shares
• Minimum Investment Amount: ₹114,000
• Listing Exchange: NSE SME
• Listing Date: July 12, 2024 (tentative)

Shareholding:

• Promoter Holding Pre IPO: 100%
• Promoter Holding Post IPO: 73.42%

Financial Overview:

Ganesh Green Bharat has demonstrated significant growth in financial performance over recent years, reflecting its strong market position and operational efficiency.

• Revenue:
  • FY 2024: ₹17,196.48 lakhs
  • FY 2023: ₹9,059.53 lakhs
  • FY 2022: ₹10,612.10 lakhs
• Profit After Tax:
  • FY 2024: ₹2,183.02 lakhs
  • FY 2023: ₹815.57 lakhs
  • FY 2022: ₹520.75 lakhs
• Assets:
  • FY 2024: ₹15,029.82 lakhs
  • FY 2023: ₹8,786.05 lakhs
  • FY 2022: ₹8,835.50 lakhs

IPO Timeline (Tentative):

• Basis of Allotment: July 10, 2024
• Initiation of Refunds: July 11, 2024
• Credit of Shares to Demat: July 11, 2024
• IPO Listing Date: July 12, 2024

Objectives of the Issue:

The proceeds from the IPO will be utilized for:

1. Repayment of Borrowings: Part or full repayment of outstanding debts.
2. Capital Expenditure: Investment in additional plant and machinery to enhance production capacity.
3. Working Capital Requirements: To support day-to-day operational expenses.
4. General Corporate Purposes: Addressing miscellaneous corporate expenses.

Business Overview:

Founded in 2016, Ganesh Green Bharat Limited has rapidly evolved to become a leading provider in the renewable energy and electrical sector. Initially focusing on supply, installation, testing, and commissioning (SITC) of solar and electrical products, the company has since diversified into various related fields.

Key Projects and Services:

• Government Schemes: Executed projects under Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna.
• Water Supply Projects: Engaged in projects like Mukhya Mantri Nishchay Quality Affected Yojna and Har Ghar Jal (Jal Jeevan Mission).
• Renewable Energy: Expanded into integrated solar energy solutions, offering engineering, procurement, and construction (EPC) services along with operation and maintenance (O&M) for solar power installations.

Product Portfolio:

• Solar Home Lighting Systems
• Solar Street Lighting Systems
• Solar Power Plants (grid-connected and off-grid)
• Solar High Masts
• Solar Pumping Systems

Competitive Strengths:

• Diversified Solutions: Extensive range of solar, electrical, and water supply solutions.
• Industry Expertise: Proven track record in project execution and management.
• Financial Stability: Strong revenue growth and profitability.
• Experienced Leadership: Seasoned promoters and management team with deep industry knowledge.

Peer Comparison:

• Solex Energy Limited: P/E Ratio of 133.86
• Waaree Renewable Technologies Limited: P/E Ratio of 131.91
• Zodiac Energy Limited: P/E Ratio of 94.15

Conclusion:

Ganesh Green Bharat Limited’s IPO presents a promising investment opportunity, backed by the company’s robust financial performance, diversified service offerings, and strong market presence. Investors looking to capitalize on the growth prospects of the renewable energy sector may find this IPO an attractive addition to their portfolio.

For continuous updates on the Ganesh Green Bharat SME IPO, including live subscription status, allotment details, and grey market premium (GMP), stay tuned to our platform.