Ganesh Infraworld IPO GMP: If you are interested in IPO, then we have good news we are sharing information about an IPO that will open this week. Tomorrow, Friday, 29 November, the IPO of another company is opening for investment. Investors can place bets on this issue till 3rd December. This IPO comes from construction and related services provider Ganesh Infraworld.
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Ganesh Infraworld IPO GMP Price band
The company has fixed the price band of Rs 78-83 per share for its IPO. The book-built issue involves a fresh issue of 1.18 crore equity shares by the company, which means the entire IPO proceeds (except offer expenses) will go to the company.
Ganesh Infraworld IPO GMP Company Details
The Ganesh infraworld is located in West Bengal. The company specializes in engineering, procurement, and construction (EPC) services and provides construction and allied services for industrial civil projects, residential and commercial buildings, road, railway infra, power, and water distribution projects.
According to the Company order book as of 31 August 2024 company has order book stood at Rs 574.9 crore, which included 41 ongoing projects.
Aim of IPO –
The company intends to spend Rs 70 crore of the funds raised from the IPO, with the rest for general corporate purposes.
Ganesh Infraworld IPO GMP Others Details
- This IPO opened for anchor investors on 28 November.
- Vivaro Financial Services is acting as the book-running lead manager for the issue.
- IPO size:- 98.58 crore rs. Allotment of shares will be done on 4 December to the investors who placed bets on behalf of the company.
- NSE listing date: 6 December Lots size of IPO – 1600 shares
- So the minimum investment of investors is rs. 1,32,800
Ganesh Infraworld IPO Today GMP
The company’s position in the gray market remains strong. Today the Gmp rate of this IP was recorded at Rs 25, which is the highest to date. Today the company’s GMP rate has increased by 11% as compared to yesterday.
The company’s GMP rate yesterday on 27th Nov. Rs 14 per share. If this trend continues further then the list price of the company shares will be Rs 100, which is considered a good sign from the investor’s point of view.
This IPO maximum 50% share reserve for the qualified institution’s buyers (QIB) and for retail investors 35%share reserved. There will be a reserve and at least 15% will be reserved for Nii (non-institution investors) investors.
Ganesh Infraworld Limited Cordially Invites you to the Virtual Investor Meet to announce the launch of its Initial Public Offering (IPO)
— StockBolt.co (@Adinath_capital) November 28, 2024
Date: Thursday,28th Nov, 2024
Time: 4.00 PM
Meeting https://t.co/grXqShxTOz
IPO Note: https://t.co/tx7GAkxltF
RHP: https://t.co/vBQwibHWcX… pic.twitter.com/hbQuuY1How
The promoters of the company are Vibhor Agrawal and Rachita Agrawal. The promoter’s stake in the company is 81.84%.
Let us tell you that this is a construction company, the company manufactures roads, railways, power, water distribution as well as residential and commercial houses.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗