How To Check Ganesh Green Bharat IPO Allotment Status

On the last day of bidding for the Ganesh Green Bharat IPO, the issue was subscribed 229.92 times lead by non-Institutional buyers (NIIs) who subscribed 470.44 times. Qualified Institutions (QIBs) subscribed 154.50 times and Retail investors subscribed 176.88 times, according to chittorgarh.com.

The SME IPO opened for subscription on July 5 and closed on July 9. The solar PV modules manufacturer aims to raise Rs 125.23 crore via the IPO. The company also provides solar systems and related services, alongside electrical contracting, and water supply scheme projects. The IPO price range was set between Rs 181 to Rs 190 per share, with a minimum lot size of 600 shares amounting to Rs 1.14 lakh at the upper price band for retail investors.

The allotment for the Ganesh Green Bharat IPO will be finalised on Wednesday, July 10.

Investors can check Ganesh Green Bharat IPO allotment status on Kfin Technologies Limited. Given below is the step-by-step guide to verify the share allotment status.

• Visit the KfinTech website here: https://ris.kfintech.com/ipostatus/.

• Click on any of the links displayed to view IPO Allotment Status.

• Choose "Ganesh Green Bharat Limited" from the drop-down list. (Name will be populated once the allotment is finalised).

• Choose one of the three options: Application number, Demat Account number, or PAN.

• Enter your application number or PAN or DPID.

• Complete the 'captcha'.

• Click the "Submit" button.

• View your allotment details.

• Download/print the allotment status for your records.

Ganesh Green Bharat IPO will list on NSE Energe with a tentative date of Friday, July 12.

• IPO Open Date: Friday, July 5

• IPO Close Date: Tuesday, July 9

• Basis of Allotment: Wednesday, July 10

• Initiation of Refunds: Thursday, July 11

• Credit of Shares to Demat: Thursday, July 11

• Listing Date: Friday, July 12

As per the Red Herring prospectus (RHP), Ganesh Green Bharat's peers are Solex Energy Ltd., Waaree Renewable Technologies, and Zodiac Energy Ltd. The company aims to offer competitive pricing and growth prospects in the renewable energy sector. The company's focus on expanding its solar PV manufacturing capacity and executing government-backed projects positions it well for future growth amid increasing adoption of renewable energy solutions. In the financial year ending March 2024, Ganesh Green Bharat reported a consolidated revenue of Rs 170.17 crore, with a net profit after tax (PAT) of Rs 19.88 crore and EBITDA of Rs 34.62 crore. The company demonstrated a Return on Equity (ROE) of 46.42% and a Return on Capital Employed (ROCE) of 29.98%, reflecting robust financial health.