Ganesh Infraworld is preparing to launch its initial public offering (IPO) from November 29 to December 3, 2024, with a price band set between ₹78 and ₹83 per share. The company, based in West Bengal, specializes in construction and allied services, focusing on industrial civil projects, residential and commercial buildings, as well as infrastructure for roads, railways, power, and water distribution. With an impressive order book of ₹574.9 crores as of August 31, comprising 41 ongoing projects, Ganesh Infraworld aims to raise ₹98.58 crores through this IPO.
₹74.7
₹83
₹157.70
Expert Opinions
Market sentiment for the Ganesh Infraworld IPO is cautiously optimistic, reflecting interest in infrastructure development despite current market fluctuations. Company strengths include a diverse portfolio of engineering, procurement, and construction (EPC) services, with a robust order book valued at ₹574.9 crores as of August 31, indicating strong future revenue potential.
However, potential risks and challenges include reliance on a limited number of key clients and the highly competitive nature of the infrastructure sector, which may impact margins. The valuation analysis places the price band at ₹78-83 per share, which appears reasonable given the company’s growth trajectory. From a long-term investment perspective, Ganesh Infraworld is well-positioned to benefit from increasing government investments in infrastructure projects.
Investor Considerations
Investors considering the Ganesh Infraworld IPO should evaluate several important aspects. Company performance and fundamentals are promising, with revenue increasing significantly to ₹51.27 crores in 2024, although it faced a decline from ₹135.05 crores in 2023. The company reported a profit of ₹3.98 crores, indicating operational efficiency despite challenges. The sector outlook is favorable, driven by government initiatives in infrastructure development, which aligns with Ganesh Infraworld’s focus on EPC services across various sectors.
The IPO valuation is set between ₹78 and ₹83 per share, reflecting a reasonable entry point based on its growth potential. Growth prospects remain strong, supported by a robust order book of ₹574.9 crores and plans for future expansion. However, investors should consider risk factors, including reliance on key clients and competitive pressures in the construction industry. A long-term investment horizon is advisable, as the company is well-positioned to benefit from ongoing infrastructure projects in India.
| Date | GMP | Trend |
|---|---|---|
| 05 Dec 2024 10.48 | ₹74.7 | --- |
| 04 Dec 2024 10.48 | ₹74.7 | Up |
| 03 Dec 2024 11.17 | ₹70 | Up |
| 02 Dec 2024 15.33 | ₹50 | Up |
| 01 Dec 2024 11.21 | ₹30 | --- |
| 30 Nov 2024 13.01 | ₹30 | --- |
| 29 Nov 2024 11.02 | ₹30 | Up |
| 28 Nov 2024 16.08 | ₹25 | Up |
| 27 Nov 2024 11.32 | ₹10 | --- |
| 26 Nov 2024 10.51 | ₹10 | --- |
| 25 Nov 2024 11.11 | ₹10 | --- |
| 23 Nov 2024 11.24 | ₹10 | --- |
| 22 Nov 2024 17.59 | ₹10 | --- |
FAQs
The Grey Market Premium showed exceptional accuracy in predicting Ganesh Infraworld’s listing performance. The GMP of ₹74.70 predicted a premium of 90% over the issue price, and the stock delivered exactly the same gain of 90%. With zero prediction error, the GMP perfectly captured both the direction and magnitude of the listing gains, demonstrating remarkable precision in this case.
Ganesh Infraworld IPO Current GMP is ₹74.7.
Ganesh Infraworld IPO Expected Returns is 90%.
Ganesh Infraworld IPO estimated listing price is ₹157.7.