The much-awaited Ganesh Infraworld IPO is set to hit the market from November 29, 2024, to December 3, 2024, offering a unique investment opportunity for retail and institutional investors alike. With a fresh issue size of ₹98.58 crores and a price band of ₹78 to ₹83 per share, the Ganesh Infraworld IPO has garnered significant attention in the market. This IPO represents a chance to invest in a company with a strong foothold in India’s growing infrastructure sector, which is poised for expansion.
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About Ganesh Infraworld Limited
Ganesh Infraworld Limited, incorporated in 2017, is a well-established name in the Indian construction industry. Specializing in infrastructure development across multiple sectors, including civil, electrical, mechanical, and industrial infrastructure, the company has a proven track record of executing large-scale projects. The Ganesh Infraworld IPO offers a chance to invest in a company that is deeply involved in road, rail, water, and power infrastructure development.
The company operates in several states, including Rajasthan, Uttar Pradesh, Maharashtra, Odisha, and Haryana, contributing significantly to the infrastructure projects in these regions. As of August 2024, Ganesh Infraworld has 41 active projects worth approximately ₹57,485.53 lakh, further strengthening the case for the Ganesh Infraworld IPOS.
Ganesh Infraworld IPO Details
The Ganesh Infraworld IPOS offers 11,876,800 shares through a fresh issue, with the overall issue size amounting to ₹98.58 crores. The price band has been set at ₹78 to ₹83 per share, making this an affordable entry point for investors. Here are the key details of the IPO:
- IPO Size: ₹98.58 crore (11,876,800 shares)
- Price Band: ₹78 to ₹83 per share
- Lot Size: 1,600 shares (₹132,800 for retail investors)
- Face Value: ₹5 per share
- Offer Type: Book Built Issue
- Listing Venue: NSE SME
- Market Maker: Rikhav Securities
Ganesh Infraworld IPO Share Allocation
The Ganesh Infraworld IPO offers a diversified share allocation to different categories of investors:
- Retail Investors (RII): 31.52% (3,744,000 shares)
- Qualified Institutional Buyers (QIB): 18% (2,137,600 shares)
- Non-Institutional Investors (NII): 13.51% (1,604,800 shares)
- Anchor Investors: 26.97% (3,203,200 shares)
Anchor investors have already committed ₹26.59 crore, demonstrating strong confidence in the company’s future. These investors will be subject to a lock-in period, with 50% of their shares locked for 30 days (until January 3, 2025) and the remaining 50% for 90 days (until March 4, 2025).
Ganesh Infraworld IPOS Financial Performance
Ganesh Infraworld has shown remarkable financial growth over the past few years. The company’s revenue increased by 116% from FY 2023 to FY 2024, while profit after tax (PAT) grew by 198%. This impressive performance positions the company favorably in the market. Here’s a snapshot of the financial performance of Ganesh Infraworld:
| Financial Year | Revenue (₹ Lakhs) | Profit After Tax (₹ Lakhs) | Net Worth (₹ Lakhs) |
|---|---|---|---|
| FY 2024 | 29,181.12 | 1,554.47 | 6,617.24 |
| FY 2023 | 13,504.85 | 520.92 | 3,720.04 |
| FY 2022 | 8,115.46 | 188.75 | 1,515.22 |
The company’s strong financial health, reflected in its low debt-equity ratio of 0.16 and return on equity (ROE) of 29.74%, makes the Ganesh Infraworld IPO an attractive proposition for investors.
Ganesh Infraworld’s Business Segments and Growth Prospects
Ganesh Infraworld operates in a variety of infrastructure sectors, positioning the company for long-term growth. Some key business segments include:
- Civil and Electrical Infrastructure: The company has completed large residential and commercial projects like hospitals, high-rise towers, and power distribution systems.
- Road and Rail Infrastructure: Ganesh Infraworld specializes in constructing concrete and bituminous roads, as well as railway infrastructure, including overhead equipment (OHE) for rail operations.
- Water Infrastructure: Ganesh Infraworld has been actively involved in water distribution systems and is contributing to the government’s “Har Ghar Jal Mission” in Uttar Pradesh, aiming to provide tap water to every household.
These diversified business segments and the ongoing execution of 41 active projects across 13 states put Ganesh Infraworld in an ideal position to capitalize on India’s expanding infrastructure sector, making the Ganesh Infraworld IPO a strong investment opportunity.
Ganesh Infraworld Objectives and Use of Proceeds
The primary objectives of the Ganesh Infraworld are to raise funds for long-term working capital and general corporate purposes. The proceeds will help the company enhance its infrastructure capabilities, expand operations, and improve execution capacity for future projects.
Investment Considerations for the Ganesh Infraworld IPO
The Ganesh Infraworld IPO presents a solid investment opportunity for those looking to gain exposure to India’s growing infrastructure sector. With strong financials, a low debt-equity ratio, and a diversified portfolio, the company is well-positioned for long-term growth. Retail investors can invest in a minimum of 1,600 shares (₹132,800), while HNI investors will need to bid for at least 3,200 shares (₹265,600).
Investors should also consider the company’s ongoing projects, low debt, and significant growth potential when evaluating the Ganesh Infraworld IPO.
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Conclusion: Is the Ganesh Infraworld IPO a Good Investment?
The Ganesh Infraworld IPO offers a promising investment opportunity for those looking to invest in a company with a strong track record in the infrastructure sector. With its diversified services, solid financial growth, and strong project pipeline, Ganesh Infraworld is well-positioned to benefit from India’s growing demand for infrastructure. Investors looking for exposure to India’s infrastructure growth should consider the Ganesh Infraworld IPO as part of their investment strategy.
Before investing, however, it’s important to conduct thorough research and consult with a financial advisor to understand the risks and rewards associated with the Ganesh Infraworld IPO.