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Ganesh Infraworld IPO
Price Band
₹78.0–83.0
Issue Size
₹98.58 Cr
Lot Size
1,600 shares
Min Investment
₹132,800
GMP
+₹78.0 (93.98%)
Issue Price
₹83.0
Subject to Sauda
₹94800
Paid only if allotted
Ganesh Infraworld IPO AI Summary
- Ganesh Infraworld IPO is listed on NSE SME in the Civil Construction sector.
- Price band: ₹78.0–₹83.0 per share, lot size 1,600 shares (min. investment ₹132,800).
- Subscription window: 29 Nov–03 Dec 2024, listing on 06 Dec 2024.
- Current GMP is +₹78.0 (93.98%), an estimated listing price of ₹161 — unofficial and can change daily.
Ganesh Infraworld Limited is a construction company with a diverse portfolio of projects across India. The IPO aims to raise funds for working capital and corporate purposes, with a competitive P/E ratio compared to peers. Investors should consider the associated risks and market conditions when evaluating this investment opportunity.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Ganesh Infraworld IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 03 Dec 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Ganesh Infraworld IPO Grey Market Premium (GMP) Today
GMP
+₹78.0
GMP %
+93.98%
Est. Listing
₹161.0
Updated: 25 Jul 2026 14:02
About the Company
Incorporated in 2017, Ganesh Infraworld Limited is a construction company offering a wide range of construction-related services. The company specializes in the construction of industrial, civil, residential, and commercial buildings, as well as road, railway, power, and water distribution projects across India. Key Business Segments: 1. Civil and Electrical Infrastructure Projects Includes residential and commercial buildings such as offices, hospitals, medical colleges, and towers. Expertise in electrification of substations, power distribution lines, high-voltage transformers, and installation of heavy machinery in power stations. 2. Road and Rail Infrastructure Development Projects Road projects include excavation, backfilling, and laying concrete and bituminous roads with necessary finishes like seal and tack coats. Rail projects involve designing, erecting, testing, and commissioning overhead equipment (OHE) for railway operations. 3. Water Infrastructure Development Projects Construction of water distribution systems, including laying pipelines, setting up pumping systems, water treatment plants, and reservoirs. Notable projects include participation in the "Har Ghar Jal Mission" in Uttar Pradesh in 2022-23. The company provides end-to-end EPC (Engineering, Procurement, and Construction) services, covering planning, design, execution, and material supply for civil, electrical, mechanical, and industrial projects. Ganesh Infraworld has clients such as Magnum Ventures Limited, Raikela Iron Ore Mines, JD Cables Private Limited, Celica Motocorp Private Limited, Jain International Power Limited, and Nirmala Developers. Ganesh Infraworld Limited operates in various states, including Rajasthan, Uttar Pradesh, Maharashtra, Odisha, Haryana, Jharkhand, Bihar, Jammu & Kashmir, Andhra Pradesh and Chhattisgarh. As of August 31, 2024, the company had 41 active projects valued at about Rs 57,485.53 lakhs. These projects are spread across 13 different states and sectors. As of August 31, 2024, the company has 42 department employees.
Company Financials (₹ Cr)
As of 2024-08-31
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 120.06 | 177.25 | 42.67 | 25.30 |
| Total Income | 212.33 | 291.81 | 135.05 | 81.15 |
| Profit After Tax | 15.37 | 15.54 | 5.21 | 1.89 |
| NET Worth | 66.17 | 37.20 | 15.15 | 8.19 |
| Reserves and Surplus | 50.75 | 26.22 | ||
| Total Borrowing | 10.33 | 30.72 | 7.09 | 3.05 |
Key Ratios
EPS
₹5.04
NAV
₹21.45
ROE
29.74%
ROCE
35.17%
RoNW
29.74%
P/B Value
3.87
P/E Ratio
16.47
Market Cap
₹354.59 Cr
PAT Margin
7.24%
Debt/Equity
0.16
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Psp Projects Ltd | 254.13 | 14.33% | 18.08 | 34.16 |
| Avp Infracon Limited | 37.62 | 31.25% | 24.73 | 7.47 |
| Chavda Infra Limited | 37.49 | 30.54% | 17.45 | 8.72 |
| Capacite Infraprojects Ltd | 179.3 | 9.29% | 21.87 | 16.09 |
| Ganesh Infraworld Limited This IPO | 13.55 | 59.38% | — | 5.66 |
Promoters
Vibhoar Agrawal and Rachita Agrawal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet long-term working capital requirements; and 70.00 2 General Corporate Purposes. 20.26
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹81.15 Cr in the year ending 31 Mar 2022, increasing to ₹135.05 Cr by 31 Mar 2023. The growth continued with total income reaching ₹291.81 Cr by 31 Mar 2024, though this is a 9-month figure, not a full year, so isn't directly comparable. As of 31 Aug 2024, total income stood at ₹212.33 Cr.
Profit Trend
Profit after tax was ₹1.89 Cr in the year ending 31 Mar 2022, rising to ₹5.21 Cr by 31 Mar 2023. The profit increased slightly to ₹15.54 Cr by 31 Mar 2024, but this is a 9-month figure, not a full year, so isn't directly comparable. As of 31 Aug 2024, profit after tax was ₹15.37 Cr.
Valuation
Ganesh Infraworld Limited has an implied P/E ratio of 16.47 at the issue price of ₹83.0, compared to peers trading at a P/E range of 17.45 to 24.73.
Grey Market Premium, Explained
Grey market premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. A positive GMP indicates that the shares are expected to list at a higher price than the issue price, while a negative GMP suggests the opposite. GMP can provide insights into market sentiment regarding the IPO.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It is important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, which can be volatile in the short term and may not provide immediate returns.
IPO Timeline, Explained
The IPO opens for subscription on November 29, 2024, and closes on December 3, 2024. Allotment of shares is expected on December 4, 2024, with the listing date set for December 6, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by various factors, including market conditions and investor sentiment. While some IPOs may experience significant gains on their first day of trading, others may not perform as well. Investors should be prepared for potential volatility.
This evaluation is generated from Ganesh Infraworld's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Ganesh Infraworld IPO GMP today?
Ganesh Infraworld IPO GMP today is +₹78.0 (93.98%), indicating an estimated listing price of ₹161. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Ganesh Infraworld IPO?
The price band of Ganesh Infraworld IPO is ₹78.0–₹83.0 per share.
When does Ganesh Infraworld IPO open and close?
Ganesh Infraworld IPO opens on 29 November 2024 and closes on 03 December 2024.
When does Ganesh Infraworld IPO list on the stock exchange?
Ganesh Infraworld IPO listed on 06 December 2024 at ₹161.0.
What is the lot size for Ganesh Infraworld IPO?
The lot size for Ganesh Infraworld IPO is 1600 shares, requiring a minimum investment of ₹132,800.
What is the price band for the IPO?
The price band for the IPO is ₹78.0 to ₹83.0.
What is the minimum investment required?
The minimum investment required is ₹132,800, which corresponds to a lot size of 1600 shares.
When does the IPO open and close?
The IPO opens on November 29, 2024, and closes on December 3, 2024.
What does GMP mean?
GMP stands for grey market premium, which indicates the expected listing price of the shares compared to the issue price.
When is the listing date for the IPO?
The listing date for the IPO is December 6, 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
29 Nov 2024
Close
03 Dec 2024
Allotment
04 Dec 2024
Listing
06 Dec 2024
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