Ganesh Infraworld IPO - Day 3 Subscription at 159.13 Times

Ganesh Infraworld's initial public offering (IPO) has received overwhelming investor interest over the three-day period. The IPO witnessed exceptional growth in demand, with subscription rates growing from 1.50 times on day one, to 23.87 times on day two, and reaching a remarkable 159.13 times by 1:37 PM on the final day.

Ganesh Infraworld IPO, which opened on 29th November 2024, has seen phenomenal participation across categories. The Non-Institutional Investors segment has shown extraordinary interest reaching 297.20 times subscription, while Retail Investors demonstrated exceptional participation at 164.62 times. The QIB portion secured strong subscription at 45.84 times.

This extraordinary response comes amid positive sentiment in the Indian stock market, particularly towards companies in the infrastructure sector.

Subscription Status of Ganesh Infraworld IPO:

*As of 1:37 PM

Here are the subscription details for Ganesh Infraworld IPO as of Day 3 (3rd December 2024, 1:37 PM):

Total Applications: 4,19,075

Key Highlights:

• Overall subscription soared to extraordinary 159.13 times on final day
• Non-Institutional Investors led with massive 297.20 times subscription, worth ₹3,958.64 crores
• Retail investors showed exceptional interest with 164.62 times subscription, worth ₹5,115.73 crores
• QIB portion secured strong 45.84 times subscription, worth ₹813.32 crores
• Total bids received for 1,19,12,88,000 shares worth ₹9,887.69 crores
• Applications reached 4,19,075, including 3,85,221 retail investors
• Final day witnessed overwhelming response across categories
• All investor segments showed exceptional participation
• Market response indicated extraordinary investor confidence

Ganesh Infraworld IPO - Day 2 Subscription at 23.87 Times

Key Highlights:

• Overall subscription soared to 23.87 times, showing exceptional investor confidence
• Retail investors led with massive 36.80 times subscription, worth ₹1,143.53 crores
• Non-Institutional Investors showed strong interest at 20.84 times, worth ₹277.63 crores
• QIB portion secured healthy 3.51 times subscription, worth ₹62.19 crores
• Total bids received for 17,87,16,800 shares worth ₹1,483.35 crores
• Applications reached 91,067, indicating robust participation
• Strong momentum across all investor categories
• Retail and NII segments showed overwhelming demand
• Day two response demonstrated exceptional market confidence

Ganesh Infraworld IPO - Day 1 Subscription at 1.50 Times

Key Highlights:

• Overall subscription opened at 1.50 times, showing strong initial response
• Retail investors led with 2.47 times subscription
• Non-Institutional Investors showed good interest at 1.25 times
• QIB portion yet to begin participation
• Opening day witnessed robust retail response
• Strong initial momentum indicated investor confidence
• Day one subscription reflected positive market sentiment
• Retail segment demonstrated early enthusiasm
• Initial response suggested strong investor appetite

About Ganesh Infraworld Limited

Incorporated in 2017, Ganesh Infraworld Limited has established itself as a comprehensive construction and infrastructure development company. The company specializes in executing diverse projects including industrial, civil, residential, and commercial buildings, as well as critical infrastructure projects in roads, railways, power, and water distribution across India.

Operating with 42 department employees as of August 2024, the company maintains a strong presence across 13 states with 41 active projects valued at approximately ₹574.86 crores. Their end-to-end EPC services cover planning, design, execution, and material supply for various sectors. The company has demonstrated impressive financial performance with revenue growth of 116% and PAT increase of 198% between FY2023 and FY2024, serving notable clients including Magnum Ventures Limited, JD Cables Private Limited, and Jain International Power Limited.
Their expertise spans across three key segments: Civil and Electrical Infrastructure, Road and Rail Infrastructure Development, and Water Infrastructure Development, with significant participation in national initiatives like the "Har Ghar Jal Mission" in Uttar Pradesh.

Highlights of the Ganesh Infraworld IPO

• IPO type: Book Built Issue
• IPO size: ₹98.58 crores
• Fresh Issue: 118.77 lakh shares
• Face value: ₹5 per share
• Price band: ₹78 to ₹83 per share
• Lot size: 1,600 shares
• Minimum investment for retail investors: ₹132,800
• Minimum investment for HNI: ₹265,600 (2 lots)
• Listing at: NSE SME
• IPO opens: November 29, 2024
• IPO closes: December 3, 2024
• Allotment date: December 4, 2024
• Refund initiation: December 5, 2024
• Credit of shares: December 5, 2024
• Listing date: December 6, 2024
• Lead Manager: Vivro Financial Services Private Limited
• Registrar: Link Intime India Private Ltd
• Market Maker: Rikhav Securities