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Ganesh Infraworld IPO GMP: The company’s unlisted shares are trading at Rs 161 apiece in the grey market, which is 93.98 per cent premium (or GMP) over the IPO issue price of Rs 83.
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Ganesh Infraworld IPO Listing Date: The Ganesh Infraworld IPO allotment has been finalised. Investors can check their IPO allotment status on the registrar Link Intime’s portal. The company is now set for the listing on the NSE SME on December 6. According to market observers, the IPO is set for a blockbuster listing as its GMP is hovering above 90 per cent.
Ganesh Infraworld IPO GMP: The company’s unlisted shares are trading at Rs 161 apiece in the grey market, which is a 93.98 per cent premium (or GMP) over the IPO issue price of Rs 83, signalling a huge listing gain tomorrow. However, the NSE rules cap the SME IPO listing gains at 90 per cent.
Ganesh Infraworld IPO: How To Check Allotment Status?
The Ganesh Infraworld IPO allotment status can be checked on Link Intime’s portal by following the steps given below:
Step 1: Visit Link Intime’s portal (https://www.linkintime.co.in/Initial_Offer/public-issues.html)
Step 2: Select ‘Ganesh Infraworld Limited – SME IPO’
Step 3: Enter details of PAN, IPO application number, DP/ Client ID, or account number/ IFSC Code
Step 4: Click on ‘Submit’
Your IPO allotment status will be visible now.
Ganesh Infraworld IPO More Details
The initial public offering of Ganesh Infraworld Ltd, which was opened for subscription between November 29 and December 3, received a whopping 369.56 times subscription.
The retail investors’ category received a 274.48 times subscription, while the non-institutional investors (NII) portion got subscribed by 865.82 times. The QIB category received a 163.52 times subscription.
Its price band was fixed in the range of Rs 78 to Rs 83 apiece.
The Ganesh Infraworld IPO is entirely a fresh issue of 118.77 lakh shares.
Ganesh Infraworld Limited’s revenue increased 116 per cent and profit after tax (PAT) rose 198 per cent in the financial year 2023-24.
Vivro Financial Services Private Limited is the book running lead manager of the Ganesh Infraworld IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Ganesh Infraworld IPO is Rikhav Securities.
Ganesh Infraworld Limited, which was founded in 2017, is a construction company offering a wide range of construction-related services.