Ganesh Infraworld Limited IPO is open for subscription on November 29 and will close on December 3. The company aims to raise Rs 98.6 crore through the SME IPO and list the shares on the NSE SME platform. Here are 10 key things that investors should know about the public offer before subscribing to the issue.

1) Ganesh Infraworld IPO Size

The IPO is entirely a fresh equity sale of 1.18 crore shares and the company plans to raise Rs 98.58 crore through this issue.

2) Ganesh Infraworld IPO Price Band

The price band of Ganesh Infraworld IPO is Rs 78-83 per share. The minimum lot size with one application is 1600 shares. The minimum investment amount for retail investors is Rs 1 lakh 32 thousand 800.

3) Ganesh Infraworld GMP

In the unlisted market, the company's shares were trading with a GMP of Rs 35, which represents a premium of 42.1% over the issue price. Five days ago, the GMP of this IPO was Rs 9.

4) About Ganesh Infraworld

Ganesh Infraworld Limited provides construction and allied services for industrial construction projects, residential and commercial buildings, road construction, railroad infrastructure projects, power projects, and water supply projects in India. The company specializes in integrated engineering, procurement,t and construction (EPC) services and provides its services from planning, desi,gn,, and construction to the supply of materials to execution of services including mechanical, electrical, civil, and industrial services. The company has also acted as a contractor for several small and medium-sized clients for various engineering and civil construction projects including Magnum Ventures Limited, Raikela Iron Ore Mines, JD Cables Private Limited, Celica Motocorp Private Limited, Jain International Power Limited and Nirmala Developers. In the last three financial years, the company has executed projects worth Rs 50,406.77 lakh. As of July 31, 2024, the company's order book included 29 ongoing projects worth a total of Rs 53,306.87 lakh in 10 different states.
 

5) IndustryOvervieww

The infrastructure sector is a major driver of the Indian economy. The sector is highly responsible for driving the overall development of India and receives intense attention from the government to initiate policies that ensure the timely construction of world-class infrastructure in the country. The infrastructure sector includes power, bridges, dams, roads, and urban infrastructure development.
 

6) Financial performance of Ganesh Infraworld

For the period ended August 2024, the company posted adesign total revenue of Rs 212 crore and a net profit of Rs 15.37 crore.

 

7) Purpose of the offer

The net proceeds from the public offering will be used for long-term working capital requirements and general corporate purposes.

8) Lead Managers and Registrars

Vivaro Financial Services is acting as the lead manager to the issue and Link Intime India is the registrar.
 

9) Issue Structure

About 50% of the offer is reserved for QIB investors, 35% for retail investors, and another 15% for non-institutional investors.

10) Important Dates

The IPO opened on November 29 and will close on December 3. The company's shares will be listed on NSE SME on December 6.