Ganesh Infraworld Limited, formerly known as Ganesh International, is one of the fastest-growing startups in Eastern India, specializing in providing end-to-end services for complex EPC projects. Their core focus includes civil & electrical infrastructure, road & rail infrastructure, and water infrastructure. The company's ability to provide round-the-clock service accessibility and support to major EPC giants makes it a key player in the industry. Their mission is to be the ultimate destination for all service needs related to infrastructure projects.

The Ganesh Infraworld IPO offers a fresh issue of 118.76 lakh equity shares, amounting to ₹98.57 Crores. The subscription period for this IPO is from November 29, 2024, to December 3, 2024, with the allotment date expected to be December 4, 2024, and shares listed on NSE SME by December 6, 2024. The price band for the IPO has been set at ₹78 to ₹83 per share, and the market capitalization at the upper price band will be ₹354.58 Crores.

Ganesh Infraworld IPO Key Details:

• The lot size for the IPO is 1,600 shares, with retail investors required to invest a minimum of ₹1,32,800. High-Net-Worth Individuals (HNIs) must invest for two lots, amounting to ₹2,65,600.
• The Grey Market Premium (GMP) for this IPO is ₹25, reflecting potential listing gains of approximately 30%. However, investors should note that the GMP is not a guaranteed indicator of listing gains, as it depends on the market demand and supply conditions in the unorganized grey market.
• Vivro Financial Services Private Limited is the book-running lead manager, while Link Intime India Private Limited is the registrar for the issue. Rikhav Securities Limited is the market maker for this IPO.

Ganesh Infraworld IPO Subscription and Allotment: As of November 29, 2024, the IPO subscription status shows a positive response, with the issue being subscribed 1.26 times on the first day. Investors can check the live subscription status on the NSE for real-time updates. The IPO allotment will be finalized by December 4, 2024, and investors can check the status by entering their PAN, application number, or DP client ID on the registrar's website.

Objectives of Ganesh Infraworld IPO: The funds raised through this fresh issue will be used for:

1. Meeting long-term working capital requirements amounting to ₹7,000.00 Lakhs.
2. General corporate purposes.
   
   

   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.

Company Overview and Financials: Ganesh Infraworld’s impressive growth trajectory is a result of its dynamic and passionate team, led by Vibhoar Agrawal, the company's Chairman, Managing Director, and CEO. With over 8 years of experience in the construction industry, Mr. Agrawal has played a pivotal role in the company's success.

The company’s revenue for the fiscal years shows robust growth, with revenues for FY2024 at ₹21,232.86 Lakhs, up from ₹13,504.85 Lakhs in FY2022. The EBITDA also reflects strong operational efficiency, with a substantial increase over the years. In FY2024, the Profit After Tax (PAT) stood at ₹1,537.20 Lakhs, demonstrating healthy profitability.

Valuation and IPO Metrics: For the Ganesh Infraworld IPO, the company has 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. The industry P/E ratio is 21x, suggesting that the IPO is fairly priced.

With return on capital employed (ROCE) at 61.58% and return on equity (RoE) at 59.38% for FY2024, the company is performing well in terms of profitability and capital utilization.

Recommendation for Investors: The Ganesh Infraworld IPO is an attractive option for risky investors seeking potential listing gains or long-term investment opportunities. Given the company's impressive financials and the Grey Market Premium reflecting strong investor interest, the IPO could offer significant returns upon listing.

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