Ganesh Green Bharat Limited IPO
Application start- 05-07-2024
Application end- 09-07-2024
Allotment begins- 10-07-2024
Refund Initiation- 11-07-2024
Allotment date- 11-07-2024
Listing on exchange- 12-07-2024
About Ganesh Green Bharat Limited
Incorporated in 2016,
Ganesh Green Bharat Limited began as a partnership firm focusing on electrical contracting services. They provide comprehensive services in the supply, installation, testing, and commissioning (SITC) of solar and electrical goods for various government bodies. The company has completed projects under several Central and State Government schemes, such as the Saubhagya Scheme, KUSUM Scheme, and Saur Sujla Yojna. They also work on water supply projects like the Mukhya Mantri Nishchay Quality Affected Yojna and Har Ghar Jal (Jal Jeevan Mission).
Expansion and Renewable Energy Focus
In 2017, Ganesh Green Bharat expanded into the renewable energy sector, becoming an integrated solar energy solutions provider. They offer engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services for various solar projects, including:
- Solar home lighting
- Solar street lights
- Solar power plants (On-Grid and Off-Grid)
- Solar high mast lights
- Solar pumping systems
Ganesh Green Bharat IPO Lot Size
Ganesh Green Bharat IPO Promoter Holding
In 2016, they became a Channel Partner of the Ministry of New and Renewable Energy (MNRE). By 2018, they completed a major project involving 16,486 SPV home lighting systems in Rajasthan through the Rajasthan Renewable Energy Corporation Limited (RRECL).
Water Supply Projects
Ganesh Green Bharat also designs, constructs, supplies, tests, and commissions water supply projects. These projects include constructing piped water supplies with polyethylene water storage tanks to provide drinking water through functional household tap connections in villages. The projects also involve all allied works and successful trial runs.
Ganesh Green Bharat Limited Financial Information
Government Contracts and Clients
The company bids for tenders issued by government authorities and has worked with departments in eight states, including:
- Gujarat Industrial Development Corporation
- Ahmedabad Municipal Corporation
- Rajasthan Renewable Energy Corporation Limited
- Dakshin Gujarat Vij Company Limited
- Gujarat Energy Development Agency
- Chhattisgarh State Renewable Energy Development Agency
- Ajmer Vidhyut Vitaran Nigam Limited
- Jodhpur Vidhyut Vitaran Nigam Limited
- Jharkhand Renewable Energy Development Agency
- Jaipur Vidhyut Vitaran Nigam Limited
- Public Health Engineering Departments in Bihar, Madhya Pradesh, and Rajasthan
- Uttar Pradesh New and Renewable Energy Development Agency
- NHAI through Kalthia Engineering Construction Ltd (Maharashtra)
They also sell solar PV modules to private sector organizations.
Key Performance Indicator (KPI)
Ganesh Green Bharat Limited is preparing for its Initial Public Offering (IPO). The funds raised from the IPO will be used for:
- Repaying part or all of certain outstanding borrowings
- Funding capital expenditure for installing additional plant and machinery at their factory
- Meeting working capital requirements
- General corporate purposes
These strategic initiatives aim to strengthen the company’s financial position and support its growth and expansion plans.
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