The issue opened for bidding on Friday (5 July 2024) and it will close on Tuesday (9 July 2024). The price band of the IPO is fixed at Rs 95 to 100 per equity share. The minimum order quantity is 1,200 equity shares. The equity shares will list on NSE’s SME platform.

The IPO comprises fresh issue of 65,91,000 equity shares. The promoter and promoter group shareholding will dilute to 69.55% from 94.73% Pre-IPO.

About 3,31,200 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 61,93,800 equity shares. The issue and the net issue will constitute 26.58 % and 24.97% respectively of the post offer paid up equity share capital of the company.

The company intends to utilize the net proceeds for funding capital expenditure towards installation of additional plant and machinery at factory, repayment in full or in part, of certain of outstanding borrowings, to meet working capital requirements and for general corporate purpose.

Ahead of the IPO, Ganesh Green Bharat on Thursday, 4 July 2024, raised Rs 35.29 crore from anchor investors. The board allotted 18.57 lakh shares at Rs 190 per share to 20 anchor investor.

Ganesh Green Bharat is providing comprehensive portfolios in the field of supply, installation, testing and commissioning (SITC) of solar and electrical goods and services to various government bodies. The company's clients include government departments of eight states, such as Gujarat Industrial Development Corporation (GIDC), Ahmedabad Municipal Corporation (AMC), Rajasthan Renewable Energy Corporation (RRECL), and several others. . As of March 31, 2024, the company has 39 employees.

The company recorded revenue from operations of Rs 170.17 crore and net profit of Rs 21.82 crore for the period as on 31 March 2024.