IPO GMP | New cheap IPO will open for investment, lottery will be held on the first day, do not miss the opportunity – GMP IPO
IPO GMP | There is good news for those investing in stock market IPO. The IPO of a company is going to open for investment this month. Ganesh Infraworld Limited is ready to launch its IPO. The IPO of Ganesh Infraworld Limited will open for investments on November 29, 2024. The IPO of Ganesh Infraworld Limited will remain open for investments till December 4, 2024. This is an IPO for the SME segment. The IPO shares of Ganesh Infraworld Limited Company will be listed on NSE SME.
IPO share price band
The price band for the IPO of Ganesh Infraworld Limited Company has been fixed at Rs 78-83. Ganesh Infraworld Limited Company will get 1600 shares in one lot of IPO. This means that investors will have to invest at least Rs 1,32,800.
Company IPO Size
The IPO size of Ganesh Infraworld Limited Company is Rs 98.58 crore. The IPO of Ganesh Infraworld Limited Company will be entirely based on new shares. Ganesh Infraworld Limited will issue 118.77 lakh shares through this IPO. Vivo Financial Services Pvt Ltd has been appointed as the book running lead manager for the IPO. A maximum of 50% stake in the IPO of Ganesh Infraworld Limited Company will be reserved for qualified institutional buyers. Retail investors will get at least 35% stake. At least 15 shares of the IPO will be reserved for non-institutional investors.
What does the company do?
Ganesh Infraworld Limited Company was established in 2017. Ganesh Infraworld Limited provides services for industrial construction, residential and non-residential construction. Ganesh Infraworld Limited is engaged in the construction of railways, roads, power plants and water supply projects.
financial position of the company
Ganesh Infraworld Limited's revenue grew by 116 percent in FY24 compared to FY23. Ganesh Infraworld Limited Company has gained 198 percent after paying taxes. Vivek Agarwal and Ruchita Agarwal are the promoters of Ganesh Infraworld Limited Company.
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