GANESH GREEN BHARAT Limited IPO GMP

GANESH GREEN BHARAT LIMITED are providing comprehensive portfolios in the field of supply, installation, testing and commissioning (SITC) of solar and electrical goods and services to various government bodies and is India’s leading solar panel manufacturer and EPC service provider.

Ganesh Green Bharat IPO, a Book Built issue amounting to ₹125.29 crores, consisting entirely a Fresh Issue of 65.91 lakh Shares. The subscription period for the Ganesh Green Bharat IPO opens on July 5, 2024, and closes on July 9, 2024. The allotment is expected to be finalized on or about Wednesday, July 10, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Friday, July 12, 2024.

The Share price band of Ganesh Green Bharat IPO is set at ₹181 to ₹190 equity per share, with a minimum lot size of 600 shares. Retail investors are required to invest a minimum of ₹114,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (1200 shares), amounting to ₹228,000.

HEM SECURITIES LIMITED is the book-running lead manager, KFIN TECHNOLOGIES LIMITED is the registrar for the Issue. HEM FINLEASE PRIVATE LIMITED is the sole market maker for the Ganesh Green Bharat IPO.

Ganesh Green Bharat Limited IPO GMP Today
The Grey Market Premium of Ganesh Green Bharat Limited IPO is expected in the range of ₹285 - ₹300 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Ganesh Green Bharat Limited IPO Allotment Status
Ganesh Green Bharat IPO allotment date is 10 July, 2024, Wednesday. Ganesh Green Bharat IPO Allotment will be out on 10th July 2024 and will be live on Registrar Website from the allotment date. Check Ganesh Green Bharat Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Ganesh Green Bharat Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Ganesh Green Bharat Limited IPO

Ganesh Green Bharat Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. ₹1900.00 Lakhs of repayment in full or in part, of certain of their outstanding borrowings 
2. ₹1151.92  Lakhs of Funding Capital Expenditure towards installation of additional plant and machinery at their factory 
3. ₹ 6000.00 Lakhs of Funding to meet working capital requirements 
4. General Corporate Purpose.

Refer to Ganesh Green Bharat Limited RHP for more details about the Company.