Lock in Period for Ganesh Green Bharat Limited
Is there any Lock-in period for Ganesh Green Bharat Limited?
Yes, there is a lock-in period for Ganesh Green Bharat Limited. 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.
Detailed Schedule for Ganesh Green Bharat Limited
| Issue open date | 05 Jul 2024 |
| Issue close date | 09 Jul 2024 |
| UPI mandate deadline | 09 Jul 2024 (5 PM) |
| Allotment finalization | 10 Jul 2024 |
| Refund initiation | 11 Jul 2024 |
| Share credit | 11 Jul 2024 |
| Listing date | 12 Jul 2024 |
| Mandate end date | 24 Jul 2024 |
| Lock-in end date for anchor investors (50%) | 11 Aug 2024 |
| Lock-in end date for anchor investors (remaining) | 11 Oct 2024 |
About
India’s leading solar panel manufacturer and EPC service provider.
Established in 1998, Ganesh Green Bharat Limited has evolved from a humble submersible and tube well repair company to a leading solar panel manufacturer. Our headquarters are located in Ahmedabad, Gujarat, India, and we are on the cusp of being listed as a publicly traded concern. Mr. Ketan Patel’s visionary mission to empower rural and agricultural clients has been the driving force behind our journey marked by both challenges and vibrant successes.
With a strong commitment to environmental responsibility, we are proud to hold the ISO 14001:2015, ISO 9001:2013 Management System certification. Additionally, we have earned recognition as a prestigious ‘Class A’ Electrical Contractor in the Indian private sector.
At Ganesh Green Bharat Limited, we are dedicated to continuously evolving, innovating, and leading the way in providing sustainable and technologically advanced solutions to meet the diverse needs of our clients and our nation.
Vision
Leading the renewable energy revolution in the Asian subcontinent
At Ganesh Green Bharat Limited, our vision is crystal clear: we aspire to be the premier force driving the renewable energy sector’s growth in the Asian subcontinent. We are committed to pioneering sustainable solutions that not only transform the energy landscape but also serve as a beacon of inspiration for others.
Our journey towards this vision encompasses innovation, excellence, and unwavering dedication. We aim to set new standards in the renewable energy sector, leveraging cutting-edge technologies and sustainable practices to make a substantial and lasting impact.
Financial Analysis for Ganesh Green Bharat
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 10,553.67 | 9,019.91 | 17,017.02 |
| Equity (₹ in lakhs) | 2,707.34 | 3,522.91 | 5,883.34 |
| Expenses (₹ in lakhs) | 9,908.48 | 7,956.57 | 14,359.81 |
| Profit and Loss After Tax (₹ in lakhs) | 520.75 | 815.57 | 2,182.98 |
| Diluted EPS only (₹) | 2.86 | 4.48 | 10.92 |
| Return on Net Worth (%) | 19.23 | 23.15 | 34.72 |
| NAV per Equity Share (₹) | 14.88 | 19.36 | 31.46 |
| Total Assets (in lakhs) | 8,835.50 | 8,786.05 | 15,029.82 |
| Total Liabilities (in lakhs) | 6,128.15 | 6,036.03 | 9,146.48 |
| Debt Equity Ratio | 0.83 | 0.78 | 0.91 |
| Current Ratio (in times) | 1.38 | 1.82 | 1.88 |
| Inventory Turnover Ratio | 8.40 | 5.46 | 4.17 |
Strengths
- Broad range of solutions: The organization is ideally positioned to manage multiple business verticals under one roof, including the water supply, electrical contracting, and renewable energy industries.
- Project order book for all of India: The company’s order book as of March 31, 2024, states that: (i) 10 work orders under the category of solar system and allied services, worth a total of Rs. 273 crores; (ii) 7 work orders under the category of electrical contracting services, worth a total of Rs. 27 crores; and (iii) 1 work order under the category of water supply scheme projects, worth a total of Rs. 14 crores.
Risks
- Budgetary allocation dependency: The business submits bids for projects financed by the federal and state governments and gets paid through the work orders that are granted to them. Any cut to the industry’s budgetary allotment could have an impact on how many projects government agencies/bodies intend to create in a given time frame.
- The projects they award have a direct and substantial impact on the company’s operations.
- Competitive bidding: Government agencies or entities select the projects through a competitive bidding process. Future project opportunities may not be available to the company, which could have a negative impact on operations and financial outcomes.
- Increased working capital needs: Working capital is essential to the company’s operations. The financial performance of the business could suffer if it cannot generate enough cash flows to cover its working capital obligations.
FAQ’s For Ganesh Green Bharat Limited IPO Lock-in Period
1. Is there any Lock-in period for Ganesh Green Bharat Limited?
Yes, there is a lock-in period for Ganesh Green Bharat Limited. 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.
Lock in Period for Ganesh Green Bharat Limited#Lock in Period for Ganesh Green Bharat Limited
##Lock in Period for Ganesh Green Bharat Limited #Lock in Period for Ganesh Green Bharat Limited ##Lock in Period for Ganesh Green Bharat Limited #Lock in Period for Ganesh Green Bharat Limited
