Ganesh Infraworld IPO Closed
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Schedule of Ganesh Infraworld
| Issue open date | 29 Nov 2024 |
| Issue close date | 03 Dec 2024 |
| UPI mandate deadline | 03 Dec 2024 (5 PM) |
| Allotment finalization | 04 Dec 2024 |
| Refund initiation | 05 Dec 2024 |
| Share credit | 05 Dec 2024 |
| Listing date | 06 Dec 2024 |
| Mandate end date | 18 Dec 2024 |
| Lock-in end date for anchor investors (50%) | 03 Jan 2025 |
| Lock-in end date for anchor investors (remaining) | 04 Mar 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Ganesh Infraworld
Ganesh Infraworld Limited is an Indian construction company specializing in integrated engineering, procurement, and construction (EPC) services. It operates across industrial civil projects, residential and commercial buildings, road and rail infrastructure, power, and water distribution projects. The company serves as both an EPC contractor and a sub-contractor, executing projects for prominent clients and government initiatives like the Jal Jeevan Mission. Established in 2017 in West Bengal, it has expanded operations across 13 states, completing projects worth ₹50,406.77 lakhs in the past three financial years.
Financials of Ganesh Infraworld
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹98.58 crores |
| Fresh Issue | ₹98.58 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 70 (71%) |
| General corporate purposes | 24.65 (25%) |
| Others | 3.93 (4%) |
Strengths
- Strong order book worth ₹57,485.53 lakhs.
- Proven track record of timely project execution.
- In-house engineering and design capabilities.
- Diverse projects across civil, electrical, and water sectors.
- Experienced and technically skilled management team.
- Geographical presence across 13 states in India.
- Focus on optimizing margins and project lifecycle.
- Repeat orders from large EPC players and contractors.
Risks
- High geographical concentration risk in West Bengal projects.
- Dependency on long-standing relationships with few clients.
- Significant reliance on subcontractors and raw material suppliers.
- Working capital-intensive operations with liquidity constraints.
- Uncertainty in project order book conversion to revenue.
- Challenges with accurate project cost estimation affecting margins.
- Dependence on rented critical construction equipment.