The latest gray market premium (GMP) for Ganesh Infraworld IPO was Rs 35 as at 7:30 am on November 29. Considering the upper end of the IPO price band of Rs.83, this suggests an estimated listing price of Rs. 118 per share, according to Investor Gain. The latest GMP indicates a potential listing return of 42.17%.
Note: GMP is not an official stock price quote and is based on speculation.
Ganesh Infraworld IPO Proceeds Use
Ganesh Infraworld Ltd. proposes to use the proceeds from the IPO to meet its long-term working capital requirements. Funds will also be used for general corporate purposes.
Ganesh Infraworld Ltd. Business and Finance
Ganesh Infraworld Ltd. is a construction company established in 2017. The company specializes in the development of industrial, civil, residential and commercial buildings, as well as road, rail, power and water distribution projects across India.
As of August 31, 2024, the company had 41 active projects with a total value of approximately Rs 57,485,530 crore, spread across 13 states.
The company’s operating revenue for the five months ended August 31, 2024 of the current financial year was Rs 212.33 crore and net profit was Rs 1,537 crore.
