Ganesh Infraworld Limited, formerly known as Ganesh International, is one of Eastern India’s fastest-growing companies in the EPC (Engineering, Procurement, and Construction) sector. The company focuses on providing comprehensive erection services for complex infrastructure projects. With specialization in Civil & Electrical Infra, Road & Rail Infra, and Water Infra, Ganesh Infraworld aims to deliver 24/7 services to EPC giants across India.

IPO Overview:

• Issue Type: Fresh Issue of 118.76 Lakh Shares
• Total Issue Amount: ₹98.57 Crores
• Price Band: ₹78 to ₹83 per share
• Market Capitalization: ₹354.58 Crores (at ₹83 per share)
• Lot Size: 1,600 shares
• Minimum Investment: ₹1,32,800 for retail investors (1 lot)
• Subscription Period: November 29, 2024, to December 3, 2024
• Listing Date: Tentatively on December 6, 2024

Lead Manager: Vivro Financial Services Private Limited
Registrar: Link Intime India Private Limited
Market Maker: Rikhav Securities Limited

Key Financial Metrics

As of the financial year 2024, Ganesh Infraworld has showcased significant growth, as reflected in its financials. Below are the key figures from the last few fiscal years:

• Revenue (FY 2024): ₹21,232.86 Lakhs (for 5 months)
• EBITDA (FY 2024): ₹2,163.62 Lakhs
• Profit After Tax (FY 2024): ₹1,537.20 Lakhs
• Pre-Issue EPS: ₹7.11
• Post-Issue EPS: ₹3.64
• P/E Ratio (Pre-Issue): 11.67x
• P/E Ratio (Post-Issue): 22.81x
• Industry P/E Ratio: 21x
• ROCE (FY 2024): 61.58%
• ROE (FY 2024): 59.38%

These impressive financial metrics point towards a potentially lucrative investment opportunity in the Ganesh Infraworld IPO.

Ganesh Infraworld IPO Grey Market Premium

The Grey Market Premium (GMP) for Ganesh Infraworld IPO stands at ₹25, indicating a potential listing gain of approximately 30%. However, it's important to remember that GMP is based on unorganized trades and doesn't reflect the official market price post-listing. While GMP can provide a hint of market sentiment, it is not a guaranteed predictor of the IPO’s listing price.

Ganesh Infraworld IPO Subscription Status

As of the first day of the subscription period (November 29, 2024), the IPO has been subscribed 1.26 times. This early response indicates a healthy demand, and investors should keep an eye on the subscription numbers as the date for allotment approaches.

Ganesh Infraworld IPO Objectives

The funds raised through this IPO will be utilized for the following purposes:

1. Long-term Working Capital Requirements: ₹7,000 Lakhs
2. General Corporate Purposes

Ganesh Infraworld IPO Allotment Date and Process

The Ganesh Infraworld IPO allotment is scheduled for December 4, 2024. Investors can check their allotment status on the registrar's website by following these steps:

1. Visit the IPO allotment status page.
2. Select Ganesh Infraworld Limited from the dropdown.
3. Enter the application number, PAN, or DP Client ID.
4. Submit the details to view the allotment status.

Ganesh Infraworld IPO Review: Is It a Good Investment?

Ganesh Infraworld Limited’s financials, combined with the attractive price band, make this IPO an appealing investment option. The company’s strong track record, high ROE and ROCE, and consistent growth in revenue and profits position it as a potential contender for strong listing gains. Additionally, the positive GMP signals investor optimism.

Investors seeking short-term listing gains or those looking for a long-term hold in a fast-growing EPC services company could consider subscribing to the Ganesh Infraworld IPO.

Recommendation: Apply for the IPO for potential listing gains or long-term investment opportunities.

The Upcoming IPOs in this week and coming weeks are Property Share REIT, Nisus Finance, Emerald Tyre Manufacturers, Rosmerta Digital and Avanse Financial. The Current active IPO is Ganesh Infraworld, Suraksha Diagnostic, Agarwal Toughened.
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