The company aims to raise Rs 98.6 crore through the SME IPO, which is a fresh equity sale of 1.18 crore shares, and list the shares on the NSE SME platform.
The net proceeds from the public offer will be used for long- term working capital requirements and general corporate purposes.
In line with the strong subscription response, the latest GMP for Ganesh Infraworld is Rs 73, which reflects an upside potential of 88% over the upper price band.
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