Ganesh Infraworld Limited, a fast-growing startup from Eastern India, has launched its IPO to raise ₹98.57 crores, offering a unique opportunity for investors. The company, which specializes in providing comprehensive end-to-end solutions for EPC (Engineering, Procurement, and Construction) services, is targeting industries such as Civil & Electrical Infra, Road & Rail Infra, and Water Infra. The IPO is entirely a Fresh Issue of 118.76 lakh shares, opening on November 29, 2024, and closing on December 3, 2024. The price band for the Ganesh Infraworld IPO is set at ₹78 to ₹83 per equity share, with a market capitalization of ₹354.58 crores at the upper end of the price range.

Subscription and Allotment

As of December 3, 2024, Ganesh Infraworld's IPO has seen a massive subscription of 51.62 times, underscoring strong investor interest. The allotment date is expected to be December 4, 2024, with shares scheduled for listing on the NSE & SME on December 6, 2024. Retail investors must apply for a minimum of 1,600 shares, which amounts to an investment of ₹1,32,800. The IPO lot size is 1,600 shares, and the Grey Market Premium (GMP) for the stock indicates a potential 30% gain upon listing.

Ganesh Infraworld's Financial Overview
The company has shown impressive financial growth, with revenues from operations reaching ₹21,232.86 lakhs in the first five months of FY 2024, compared to ₹8,115.46 lakhs in FY 2022. The EBITDA has also witnessed significant growth, rising from ₹373.04 lakhs in FY 2022 to ₹2,163.62 lakhs in FY 2024. Furthermore, Profit after Tax has surged from ₹188.75 lakhs in FY 2022 to ₹1,537.20 lakhs in FY 2024.

Key IPO Metrics

Ganesh Infraworld's IPO offers shares at a pre-issue EPS of ₹7.11 and a post-issue EPS of ₹3.64. The P/E ratio is 11.67x pre-issue and 22.81x post-issue, compared to the industry average of 21x. This suggests that the IPO is priced fairly, and it might offer good returns based on the company's financial trajectory.

How to Check Ganesh Infraworld IPO Allotment Status

After applying for the IPO, investors can easily check their allotment status. Here’s how:

• Go to the registrar’s website and select the Ganesh Infraworld IPO from the dropdown menu.
• Enter the application number, PAN, or DP Client ID.
• Submit the details to see whether you’ve received an allotment of shares.

Objectives of the Ganesh Infraworld IPO
The funds raised from the Fresh Issue will primarily be used for:

1. ₹7,000 Lakhs for long-term working capital needs, crucial for scaling operations.
2. Other general corporate purposes, ensuring smooth operations and growth.
   
   

   The Upcoming IPOs in this week and coming weeks are Nisus Finance, Emerald Tyre Manufacturers, Jungle Camps, Purple United, Rosmerta Digital and Avanse Financial.

   The Current active IPO is Ganesh Infraworld and Suraksha Diagnostic.

IPO Review and Investment Outlook

Ganesh Infraworld’s IPO presents an exciting opportunity for investors, particularly those interested in the EPC sector. With a strong management team led by Vibhoar Agrawal, the company has the potential to disrupt the market with its comprehensive service offerings and aggressive expansion plans. Given its financial performance, strong market demand, and fair pricing, the IPO looks promising for both listing gains and long-term investment. However, investors should consider the risk factor involved, as IPO investments can be volatile.

Investing in Ganesh Infraworld IPO

Investors can apply for the IPO through retail and HNI categories, with a minimum investment of ₹1,32,800. High-Net-Worth Individuals (HNIs) must invest in 2 lots (3,200 shares), amounting to ₹2,65,600. This IPO is backed by the Book Running Lead Manager, Vivro Financial Services, and the Market Maker, Rikhav Securities, ensuring robust support and guidance throughout the process.

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