Ganesh Green Bharat IPO opens today: Check issue size, price band, GMP and other details
SME IPO of Ganesh Green Bharat will open for subscription today and will close on June 24. The company aims to raise about Rs 125 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) About Ganesh Green Bharat
The group has diversified its business as service provider into multiple verticals catering to (i) Solar System and Allied Services, (ii) Electrical contracting services (iii) Water Supply Scheme Projects and as a (iv) manufacturer of solar photo-voltaic modules.
The company's in-house engineering and design capabilities help us offer diversified products and solutions to our customers in each of the product categories.
2) Industry overview
India can harness the huge potential of solar energy as it receives sunshine for most of the year. It also has vast potential in the hydropower sector which is being explored across states, especially in the northeast. More than Rs 5.2 lakh crore ($70 billion) has been invested in India’s renewable energy sector since 2014.
3) Ganesh Green Bharat IPO size
The IPO is completely a fresh equity issue of 65.91 lakh shares and through the issue, the company plans to raise around Rs 125 crore.
4) Ganesh Green Bharat IPO price band
The company is offering its shares at Rs 181-190 apiece, and investors can bid for 600 shares in 1 lot.
5) Ganesh Green Bharat financial performance
For the period ended March 2024, the company clocked total revenues of Rs 172
