IPO Details
Bidding Dates
29 Nov 24 - 03 Dec 24
Price Range ₹
78 - 83
Total Equity
₹ 98.58Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
29 Nov 2024
Offer end
03 Dec 2024
Allotment
04 Dec 2024
Refund initiation
05 Dec 2024
Demat transfer
05 Dec 2024
Listing
06 Dec 2024
Offer start
29 Nov 2024
Offer end
03 Dec 2024
Allotment
04 Dec 2024
Refund initiation
05 Dec 2024
Demat transfer
05 Dec 2024
Listing
06 Dec 2024
About Company
Incorporated in 2017, Ganesh Infraworld Limited is a construction company specializing in industrial, civil, residential, and commercial buildings, as well as road, railway, power, and water distribution projects across India. The company operates in key segments, including civil and electrical infrastructure, road and rail development, and water distribution systems, offering end-to-end EPC services for planning, design, execution, and material supply. Notable projects include electrification of substations, construction of hospitals and medical colleges, roadworks, railway overhead equipment (OHE) installation, and contributions to the "Har Ghar Jal Mission" in Uttar Pradesh. With a diverse client base, including Magnum Ventures and Raikela Iron Ore Mines, Ganesh Infraworld Limited manages 41 active projects worth Rs. 57,485.53 lakhs across 13 states as of August 31, 2024.
Year Founded
13-02-2024
Promotor Details
Vibhoar Agrawal
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 81.84 | 59.09 |
| Share Capital | 25244597 | 25244597 |
Offer to Public
1,18,76,800.00 Cr
Project Details
- To meet long-term working capital requirements - 700cr
Objectives
- To meet long-term working capital requirements.General Corporate Purposes.
Highlights
- Ganesh Infraworld has successfully served numerous small and mid-sized clients, including Magnum Ventures Limited and Raikela Iron Ore Mines, showcasing its ability to cater to various engineering and construction needs.
- The company, which began in West Bengal, has expanded operations to 13 states, including Rajasthan, Uttar Pradesh, and Maharashtra, establishing a strong presence across India.
- Actively managing 41 projects valued at approximately Rs 574.85 crore as of August 31, 2024, Ganesh Infraworld demonstrates its capacity to handle a wide range of infrastructure projects.
- The company has shown significant revenue and profit growth, with revenue increasing from Rs 80.24 crore in FY22 to Rs 290.34 crore in FY24 and PAT rising from Rs 1.89 crore to Rs 15.54 crore in the same period.
- With expertise in multiple infrastructure segments, including civil construction, roadworks, electrification, and water distribution, the company delivers end-to-end EPC solutions across diverse industries.
Challenges
- Despite a geographically diverse presence, a significant portion of the company's revenue is concentrated in West Bengal. Adverse changes in the state's business environment could heavily impact financial performance.
- The company relies significantly on repeat customers, with 87.87% of revenue in the five months ending August 31, 2024, coming from existing clients. Failure to retain these clients or attract new ones could negatively affect operations and profitability.
- A large portion of revenue is generated from a limited number of clients, with the top 10 clients contributing 82.29% of revenue in the five months ending August 31, 2024. Losing any major clients could substantially impact financial performance and growth.
- The company relies on renting critical equipment and depending on a limited pool of suppliers and contractors for raw materials and manpower. This increases operational costs and exposes the company to risks of delays or supply disruptions.
- With total borrowings of Rs 12.92 crore as of August 31, 2024, the company’s financial position is vulnerable to any inability to service or repay its loans, which could restrict operational flexibility.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 10,335.33 | 1,097.78 | 398.24 | 398.24 | 1.4511 |
