Ganesh Infraworld IPO Listing: Shares Debut at 90% Premium on NSE SME
Sandip Raj Gupta
06/Dec/2024

Key Takeaways:
- Premium Listing: Ganesh Infraworld shares opened at ₹157.70, marking a 90% premium over the issue price of ₹83.
- Massive Subscription: The IPO was oversubscribed 300x, reflecting strong investor demand.
- Sector Presence: Specializes in EPC services for civil, electrical, water, road, and rail infrastructure projects.
- Growth Strategies: Expansion into new geographies, securing government contracts, and strengthening operational efficiency.
Ganesh Infraworld IPO Details
Parameter | Details |
---|---|
Issue Size | ₹98.57 Crores |
IPO Price Band | ₹78 – ₹83 per share |
Listing Price | ₹157.70 |
Oversubscription | 300 times |
IPO Type | Book-built Issue |
Lot Size | 1,600 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
- Strong Order Book: Repeat orders from large EPC firms.
- Diverse Portfolio: Covers civil, electrical, road, rail, and water infrastructure projects.
- End-to-End Capabilities: Comprehensive project execution expertise.
- Skilled Team: Includes 18+ engineers and technicians among 42 employees.
Growth Strategies
- Geographical Expansion: Entry into newer regions to reduce dependence on West Bengal.
- Direct Government Contracts: Securing contracts directly from government agencies.
- Enhanced Efficiency: Improving financial management and working capital utilization.
Risks to Watch
- Geographic Concentration: Dependency on West Bengal for significant project revenue.
- Reliance on EPC Companies: Heavy dependence on orders from large EPC firms.
- 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.