Ganesh Green Bharat Limited IPO

Incorporated in April 2016, Ganesh Green Bharat Limited is an Electrical Contracting Service company. The company offers a range of services including the supply, installation, testing, and commissioning (SITC) of solar and electrical goods and services to various government bodies.

The company has completed projects under various government schemes, such as the Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna. Additionally, we have ventured into designing, building, installing, operating, and maintaining water supply projects like the Mukhya Mantri Nishchay Quality Affected Yojna, and Har Ghar Jal (Jal Jeevan Mission).

As of March 31, 2024, the company’s Order Book includes:

  • 10 work orders for Solar System & Allied Services
  • 7 work orders for Electrical contracting services
  • 1 work order for Water Supply Scheme Projects

The company has a team of 10 engineers supported by third-party consultants and industry experts to ensure compliance with industry and government standards.

The company’s clients include government departments of eight states, such as Gujarat Industrial Development Corporation (GIDC), Ahmedabad Municipal Corporation (AMC), Rajasthan Renewable Energy Corporation Limited (RRECL), and several others. It also sells Solar PV modules to private sector organizations.

As of March 31, 2024, the company had around 39 employees and contract labor at its project sites.

 

Ganesh Green Bharat Limited Financial Information (Restated Consolidated)

Ganesh Green Bharat Limited’s revenue increased by 89.82% and profit after tax (PAT) rose by 167.67% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets15,029.828,786.058,835.50
Revenue17,196.489,059.5310,612.10
Profit After Tax2,183.02815.57520.75
Net Worth5,727.642,707.342,707.34
Reserves and Surplus3,906.643,402.912,587.34
Total Borrowing5,370.172,738.892,247.06
Amount in ₹ Lakhs

Objects of the Issue (Ganesh Green Bharat IPO Objectives)

The company proposes to utilise the Net Proceeds from the Issue towards funding the following objects:

  • Repayment in full or in part, of certain of the outstanding borrowings;
  • Funding Capital Expenditure towards installation of additional plant and machinery at the factory
  • Funding to meet working capital requirements
  • General Corporate Purpose.

Ganesh Green Bharat IPO Timeline (Tentative Schedule)

Ganesh Green Bharat IPO opens on July 5, 2024, and closes on July 9, 2024.

IPO Open DateFriday, July 5, 2024
IPO Close DateTuesday, July 9, 2024
Basis of AllotmentWednesday, July 10, 2024
Initiation of RefundsThursday, July 11, 2024
Credit of Shares to DematThursday, July 11, 2024
Listing DateFriday, July 12, 2024
Cut-off time for UPI mandate confirmation5 PM on July 9, 2024

SHARIAH SCREENING for - Ganesh Green Bharat Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

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