Business Standard

Ganesh Green Bharat Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

125.23 cr

Price Range (₹)

190

Lot Size

600

Min Investment (₹)

1,14,000.00

Listing Exchange

NSE - SME

Open Date

05-Jul-2024

Close Date

09-Jul-2024

Listing Date

12-Jul-2024

Ganesh Green Bharat Ltd News

    The Shares of Ganesh Green Bharat Ltd have now been listed.

    Ganesh Green Bharat Ltd IPO Details

    Initial public offer of upto 65,91,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Ganesh Green Bharat Limited (The Company or GGBL or The Issuer) at an issue price of Rs. 190 per equity share for cash, aggregating up to Rs. 125.23 crores (Public Issue) out of which 3,31,200 equity shares of face value of Rs. 10 each, at an issue price of Rs. 190 per equity share for cash, aggregating Rs. 6.29 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion) and upto 66,000 equity shares aggregating up to Rs. 1.25 crores for subscription by eligible employees (as defined hereinafter) (the Employee Reservation Portion). The public issue less market maker reservation portion and employee reservation portion i.e. issue of 61,93,800 equity shares of face value of Rs. 10 each, at an issue price of Rs. 190 per equity share for cash, aggregating upto Rs. 117.69 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.58 % and 24.97% respectively of the post-issue paid-up equity share capital of the company.Price Band: Rs. 190 per equity share of face value of Rs. 10/- each.The issue price is 19 times of the face value at the lower price band and the upper price band respectively. Bid can be made for minimum of 600 equity shares and the multiples of 600 equity shares thereafter.

    Objective of issue

    Repayment in full or in part of certain of its outstanding borrowings. Funding capital expenditure towards installation of additional plant and machinery at its factory. Funding to meet working capital requirements. General corporate purposes.

    Ganesh Green Bharat Ltd Contact Details

    Ganesh Green Bharat Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - cs@ganeshgreen.com

    Website - www.ganeshgreen.com