The Ganesh Infraworld IPO has emerged as a significant investment opportunity in the Indian SME sector. This IPO opened for subscription on November 29, 2024, and will close on December 3, 2024. It is a book-built issue, entirely fresh, comprising 11,876,800 shares aggregating up to ₹98.58 crores. The company plans to utilize the proceeds for long-term working capital requirements and general corporate purposes.
The price band for the Ganesh Infraworld IPO is set between ₹78 to ₹83 per share. The lot size is 1,600 shares, making the minimum investment for retail investors ₹132,800. For high-net-worth individuals (HNI), the minimum application size is two lots amounting to ₹265,600. Investors keen to monitor the IPO subscription status should note that as of December 2, 2024 (Day 2), the IPO was subscribed 7.26 times overall, with retail investors leading with a subscription of 12.48 times.
To track real-time updates on this IPO, platforms like IPO Watch and other financial portals provide critical data such as the IPO subscription status and allotment insights.
The IPO grey market premium (GMP) is a key indicator of market sentiment before the listing. Analysts and investors closely monitor the IPO GMP trends to estimate listing gains. For the Ganesh Infraworld IPO, the GMP reflects strong demand in the SME sector, highlighting the growing interest in infrastructure development projects. The IPO grey market premium can be tracked daily on platforms like IPO Watch to assess its potential listing price performance.
The IPO allotment status for the Ganesh Infraworld IPO is expected to be finalized on December 4, 2024. Investors can check the IPO allotment status through the registrar's website, Link Intime India Private Ltd, by using their application number or PAN details. The shares will be credited to the demat accounts on December 5, 2024, and the company is set to list on the NSE SME on December 6, 2024.
The IPO full form is an "Initial Public Offering," a process where a private company offers its shares to the public for the first time. The Ganesh Infraworld IPO is an excellent example of how companies use the IPO route to raise capital for expansion and operational growth. Investors new to the market can explore guides on platforms like IPO Watch to understand the basics of IPOs, their benefits, and risks.
Incorporated in 2017, Ganesh Infraworld Limited specializes in engineering, procurement, and construction (EPC) services. The company is involved in diverse projects such as residential and commercial buildings, road and rail infrastructure, and water distribution systems. As of August 31, 2024, the company has 41 active projects valued at ₹574.85 crores across 13 states.
The strong financials of Ganesh Infraworld Limited are a major attraction for investors. The revenue grew by 116% between FY2023 and FY2024, while profits rose by 198% in the same period. These impressive figures have driven interest in the IPO subscription process.
Retail investors have shown immense interest in this issue, with a subscription of 12.48 times by Day 2. The non-institutional investors (NII) category has been subscribed 4.73 times. The overall IPO subscription status reflects confidence in the company's growth trajectory and infrastructure expertise. Investors are also keeping an eye on the IPO allotment status and the expected listing gains based on the IPO grey market premium.
The Ganesh Infraworld IPO stands out for its focus on critical infrastructure projects and robust financial performance. With a strong order book worth ₹574+ crores and a high demand in the IPO grey market, this IPO is expected to draw significant attention. Platforms like IPO Watch will help investors stay updated on the IPO subscription status, allotment details, and IPO GMP trends.
For those interested in infrastructure growth and SME investments, this IPO presents a unique opportunity. Don’t forget to check the IPO allotment status after the closure and keep an eye on the IPO grey market premium for potential listing gains.e, subscription status, and allotment details to make an informed decision.
Conclusion
The Ganesh Infraworld IPO offers a compelling investment opportunity, especially for those keen on the construction and infrastructure sectors. With a robust order book, impressive financial growth, and expertise across diverse projects, the company stands poised for long-term success. The IPO's competitive pricing, steady grey market premium (IPO GMP), and strong subscription status reflect investor confidence. Whether you're tracking the IPO allotment status or observing the grey market trends, this offering presents an intriguing proposition for both retail and institutional investors. However, as with any investment, thorough due diligence is essential before making a decision.
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