Ganesh Infraworld IPO Listing: Shares Debut at 90% Premium on NSE SME

Sandip Raj Gupta

    06/Dec/2024

Key Takeaways:

  1. Premium Listing: Ganesh Infraworld shares opened at ₹157.70, marking a 90% premium over the issue price of ₹83.
  2. Massive Subscription: The IPO was oversubscribed 300x, reflecting strong investor demand.
  3. Sector Presence: Specializes in EPC services for civil, electrical, water, road, and rail infrastructure projects.
  4. Growth Strategies: Expansion into new geographies, securing government contracts, and strengthening operational efficiency.

Ganesh Infraworld IPO Details

ParameterDetails
Issue Size₹98.57 Crores
IPO Price Band₹78 – ₹83 per share
Listing Price₹157.70
Oversubscription300 times
IPO TypeBook-built Issue
Lot Size1,600 shares
Market Capitalization₹354.58 Crores (at IPO price)

About Ganesh Infraworld Limited

Ganesh Infraworld, established in 2017, is a leading construction and EPC service provider. Key areas of expertise include:

  • Civil & Electrical Infrastructure
  • Road & Rail Projects
  • Water Distribution Solutions

The company operates in multiple states, including Rajasthan, Maharashtra, and West Bengal, with a strong track record in project execution.


Competitive Strengths

  1. Strong Order Book: Repeat orders from large EPC firms.
  2. Diverse Portfolio: Covers civil, electrical, road, rail, and water infrastructure projects.
  3. End-to-End Capabilities: Comprehensive project execution expertise.
  4. Skilled Team: Includes 18+ engineers and technicians among 42 employees.

Growth Strategies

  1. Geographical Expansion: Entry into newer regions to reduce dependence on West Bengal.
  2. Direct Government Contracts: Securing contracts directly from government agencies.
  3. Enhanced Efficiency: Improving financial management and working capital utilization.

Risks to Watch

  1. Geographic Concentration: Dependency on West Bengal for significant project revenue.
  2. Reliance on EPC Companies: Heavy dependence on orders from large EPC firms.
  3. Execution Risks: Potential project delays or cancellations.

Industry Outlook: Indian Infrastructure Growth

India’s infrastructure sector is experiencing a robust phase, driven by initiatives such as:

  • National Infrastructure Pipeline (NIP): $1.4 trillion investment plan.
  • Jal Jeevan Mission: Aims to provide safe drinking water to rural households by 2024.
  • Gati Shakti Master Plan: Focused on reducing logistics costs and enhancing freight efficiency.

With a projected 11.4% CAGR growth in infrastructure investment (2021–2026), Ganesh Infraworld is positioned to benefit from increasing demand in EPC services.


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