Ganesh Green Bharat IPO: Solar PV module maker Ganesh Green Bharat’s IPO was announced in the stock market on Friday.
Ganesh Green Bharat shares have enjoyed an excellent listing on the NSE. Ganesh Green Bharat share has been listed at Rs 361 versus its IPO price of 190 rupees.
After the listing, the shares of the company reached 379.05 and it hit an upper limit of five percent. This means that investors earned the company a massive profit of 99.5 percent on the first day.
The company is planning to raise 125.23 crore via the public offering of the solar PV module maker Ganesh Green Bharat. Price ranges for IPO are set at between Rs 181 and 190 rupees per share.
The Issue Opened On July 5
The IPO was launched on the 5th of July and was closed on the 9th of July. The IPO was planned for listing on Emerge, the NSE Platform for SME Emerge.
The company stated it was an IPO an entirely public offering of 65.91 lakh new shares. Ganesh Green was formed in April of this year.
The company is involved in solar PV module production as well as electrical contracting services and water supply schemes.
The Ahmedabad-based company has a maximum installed power of 236.73 MW.
How Will The Market Be?
Recently, the company that manages mutual funds has said that the returns of shareholders in the equity market may not be similar to the past three years over the coming three years.
In announcing the high number of IPOs the chief investment officer of the company (Emerging Market Equity) R Janakiraman stated that companies listed on the IPO market are generating ways to absorb the extra money being poured into.
Over the past several years the returns on equity for companies have been much higher than the income growth rate. Investors now have to be prepared for the reverse to occur.
Ganesh Green Bharat Stock Performance
| Current Price | — |
| 52-wk High | — |
| 52-wk Low | — |
| 5 Days Return | — |
| 1 Month Return | — |
Key Fundamentals Parameters
| Market Cap | ₹ 471 Cr. |
| Stock P/E | 23.7 |
| Book Value | — |
| Dividend | — |
| ROCE | 38.5 % |
| ROE | 43.0 % |
| Face Value | — |
| P/B Value | — |
| OPM | 20.8 % |
| EPS | ₹ 10.9 |
| Debt | ₹ 53.7 Cr. |
| Debt to Equity | 0.94 |
Ganesh Green Bharat Share: Last 5 Years’ Financial Condition
Last 5 Years’ Sales:
| 2022 | ₹ 106 Cr |
| 2023 | ₹ 90 Cr |
| 2024 | ₹ 170 Cr |
Last 5 Years’ Net Profit:
| 2022 | ₹ 5 Cr |
| 2023 | ₹ 8 Cr |
| 2024 | ₹ 22 Cr |
Conclusion
The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses.
Also, we’ve talked in depth about the shares’ prospects and growth possibilities.
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