Ganesh Green Bharat IPO allotment: Check status, GMP, listing date and other details
SME IPO of Ganesh Green Bharat, which closed on Tuesday, received strong response from investors across categories. The company is likely to finalise the share allotment process later today or tomorrow. Investors can check the status of Ganesh Green Bharat IPO allotment by logging in to the official website of the registrar, which is Link Intime India in this case.
Follow the step by step process mentioned below to check the status of allotment.
Step 1: Visit the IPO Allotment Status page on Link Intime India website (https://rti.kfintech.com/ipostatus/)
Step 2: Select IPO from the dropdown
Step 3: Put Application number and enter captcha and 'Submit'.
Ganesh Green Bharat GMP
In the unlisted market, the company's shares are trading with a premium of Rs 240. If the trends sustain, the company's shares are expected to list with maximum gains of 90% on July 12. The company has priced the IPO at Rs 190 at the upper end.
The Rs 125 crore SME IPO of Ganesh Green Bharat was subscribed over 200 times at close. The IPO was entirely a fresh equity issue of 61.95 lakh shares.
The net proceeds from the public offer will be used for repayment of debt, funding capital expenditure, working capital requirements and other general corporate purposes.
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The group has diversified its business as service provider into multiple verticals catering to solar system and allied services, electrical contracting services,
