31 Mar 2022
Assets88.36
Total Income106.12
Profit After Tax5.21
NET Worth27.07
Reserves and Surplus25.87
Total Borrowing22.47
At a glance
Updated 2026-09-13The shares listed at ₹361.00, a 90.00% move from the issue price. Ganesh Green Bharat is a SME IPO with an issue size of ₹125.23 crore, proposed for listing on NSE SME. The offer opens on 5th Jul 2024 and closes on 9th Jul 2024. The issue structure includes a fresh issue of ₹118.94 crore. The current listing schedule points to 12th Jul 2024.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹125.23 Cr
Fresh issue₹118.94 Cr
Face value₹10
Price band₹181.00–₹190.00
Allotment10th Jul 2024
Listing12th Jul 2024
Listing performance
Full performance ↗Issue price₹190.00
Listing price₹361.00
Current price—
Listing gain90.00%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹235.00
GMP / upper price123.68%
Est. listing₹425.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens5th Jul 2024
Closes9th Jul 2024
Allotment10th Jul 2024
Refund11th Jul 2024
Demat11th Jul 2024
Listing12th Jul 2024
Subscription demand
Full bidding ↗Total229.92×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 600 | ₹114,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Repayment in full or in part, of certain of the outstanding borrowings; | ₹19.00 Cr |
| Funding Capital Expenditure towards installation of additional plant and machinery at the factory | ₹11.52 Cr |
| Funding to meet working capital requirements | ₹60.00 Cr |
| General Corporate Purpose | ₹26.90 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue171.96₹ Cr · +89.8% vs prior year
PAT21.83₹ Cr · +167.5% vs prior year
Assets150.30₹ Cr · +71.1% vs prior year
Net Worth57.28₹ Cr · +111.6% vs prior year
Borrowing53.70₹ Cr · +96.1% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets87.86
Total Income90.60
Profit After Tax8.16
NET Worth27.07
Reserves and Surplus34.03
Total Borrowing27.39
31 Mar 2024
Assets150.30
Total Income171.96
Profit After Tax21.83
NET Worth57.28
Reserves and Surplus39.07
Total Borrowing53.70
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 46.42% |
| ROCE | 29.98% |
| Debt / Equity | 0.94% |
| RoNW | 34.72% |
| PAT Margin | 11.69% |
| Price to Book Value | 0 |
Valuation & shareholding
Pre-IPO EPS11.99
Post-IPO EPS8.15
Pre-IPO P/E15.85
Post-IPO P/E23.33
Promoter holding pre100%
Promoter holding post73.42%
Market cap₹509.22 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Ganesh Green Bharat IPO | — | 23.33 x | — | — |
| Skytech Infinite IPO | — | 18.00 x | — | — |
| Advance Technoforge IPO | — | 21.16 x | — | — |
| Susan Electricals IPO | — | 14.15 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Lead Manger Fees including Underwriting fees | ₹1.62 Cr |
| Fees Payable to Registrar to the Issue | ₹0.05 Cr |
| Fees Payable for Advertising and Publishing Expenses | ₹0.50 Cr |
| Fees Payable to Regulators including Stock Exchanges | ₹0.35 Cr |
| Payment for Printing & Stationery, Postage, etc. | ₹0.03 Cr |
| Fees Payable to Auditor, Legal Advisors and other Professionals | ₹0.08 Cr |
| Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, and Miscellaneous Expenses) | ₹5.19 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Hem Securities Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-13.
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