Ganesh Infraworld IPO Allotment Scheduled Today; Listing Expected On December 6, 2024

Ganesh Infraworld, a construction company, opened for IPO subscription on November 29, 2024, and closed on December 3, 2024.

As per the RHP, Ganesh Infraworld IPO allotment of shares is expected to be today on Wednesday, December 4, 2024. Once the allotment is finalised, investors can check the allotment status on the official websites of NSE and Link Intime India, the registrar for the issue.

The shares are expected to be listed on Friday, December 6, 2024, on the NSE SME platform.

The price band of the IPO was set at ₹78 to ₹83 per share, with a minimum lot size of 1,600 shares. Retail investors were required to make a minimum investment of ₹132,800.

It was a book-built issue which planned to raise ₹98.58 crore through a fresh issue of 118.77 lakh shares. On the last day of subscription, December 3, 2024, Ganesh Infraworld was subscribed 369.56 times. The public issue was subscribed 274.48 times in the retail category, 163.52 times in QIB, and 865.82 times in the NII category.

The company stated in the RHP that it plans to utilise the net proceeds to meet long-term working capital requirements; and for general corporate purposes.

About Ganesh Infraworld

Ganesh Infraworld is a construction company offering a wide range of services across residential, commercial and industrial projects. The company also operates in road construction, power, railway infrastructure, and water distribution projects in India.

The company also specialises in integrated engineering, procurement, and construction (EPC) services and offers solutions across the construction value chain, including planning, design, construction, and allied services. It operates through 3 main verticals: Civil and electrical infrastructure projects, Road and rail infrastructure development and Water infrastructure development projects.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.