Ganesh Infraworld IPO Review

Ganesh Infraworld Limited, formerly known as Ganesh International, stands out as the fastest-growing startup in Eastern India, specializing in servicing EPC Giants. Their mission is to offer comprehensive end-to-end solutions for all Erection Services required in complex projects awarded to their clients. With a dynamic team of young and passionate individuals, they tirelessly strive to revolutionize the EPC Industry by providing unparalleled service accessibility round-the-clock, 365 days a year, right at their clients’ doorsteps. They pride themselves as the ultimate destination for all our service needs. Specializing in Civil & Electrical Infra, Road & Rail Infra, Water Infra. 

The Company's Chairman, Managing Director and Chief Executive Officer, Vibhoar Agrawal, aged 38 years who is also the Promoter, has been associated with the construction business for above 8 years and has been instrumental in the growth of the Company.

The Revenues from operations for the Five Months of August 30, 2024, Fiscals 2024, 2023 and 2022 were ₹21,232.86 Lakhs, ₹29,181.12 Lakhs, ₹13,504.85 Lakhs and ₹8,115.46 Lakhs, respectively. The EBITDA for the Five Months of August 30, 2024, Fiscals 2024, 2023 and 2022 were ₹2,163.62 Lakhs, ₹2,419.15 Lakhs, ₹916.58 Lakhs and ₹373.04 Lakhs, respectively. The Profit after Tax for the Five Months of August 30, 2024, Fiscals 2024, 2023 and 2022 was ₹1,537.20 Lakhs, ₹1,554.47 Lakhs, ₹520.92 Lakhs and ₹188.75 Lakhs, respectively.

For the Ganesh Infraworld IPO, the company is issuing shares at a pre-issue EPS of ₹7.11 and a post-issue EPS of ₹3.64. The pre-issue P/E ratio is 11.67x, while the post-issue P/E ratio is 22.81x against the Industry P/E ratio is 21x. The company's ROCE for FY24 is 61.58% and RoE for FY24 is 59.38%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Ganesh Infraworld showing potential listing gains of 30%. Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the Ganesh Infraworld Limited IPO for Listing gain or long term investment purposes.

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 

About the Author
 CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.
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