Ganesh Infraworld Subscription Hits 131.24x on Day 3 as of 12:57 PM

Ganesh Infraworld opened for IPO subscription on November 29, 2024, and closes today, December 3, 2024. The allotment of shares is expected to be finalised on Wednesday, December 4, 2024, with the tentative listing date on NSE SME scheduled for Friday, December 6, 2024.

Ganesh Infraworld IPO price band is set at ₹78 to ₹83 per share, with a minimum lot size of 1,600 shares. Retail investors are required to make a minimum investment of ₹132,800.

This is a book-built issue, raising ₹98.58 crores through a fresh issue of 118.77 lakh shares.

The company plans to utilise the net proceeds to meet long-term working capital requirements; and for general corporate purposes.

Ganesh Infraworld Subscription Status 

• On Day 1, November 29, 2024, the IPO was subscribed 1.50 times. The retail category was subscribed 2.47x and the NII category was 1.25x.
• On Day 2, December 2, 2024, the IPO was subscribed 23.87 times. The retail category was subscribed 36.80x, the QIB category was subscribed 3.51x and the NII category was 20.84x.
• On Day 3, December 3, 2024, as of 12:57 PM, the IPO was subscribed 131.24 times. The retail category was subscribed 147.78x, the QIB category was subscribed 16.45x and the NII category was 245.57x.

About Ganesh Infraworld

Ganesh Infraworld is a construction company providing a diverse range of services across industrial, residential, and commercial projects. The company also operates in road construction, railway infrastructure, power, and water distribution projects in India.

Specialising in integrated engineering, procurement, and construction (EPC) services, the company offers solutions across the construction value chain, including planning, design, construction, and allied services. Ganesh Infraworld operates through three main verticals: Civil and electrical infrastructure projects, Road and rail infrastructure development and Water infrastructure development projects.

The company combines expertise in mechanical, electrical, civil, and industrial engineering to deliver end-to-end construction and allied services across India.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.