IPO Alert: Ganesh Green Bharat Limited’s Initial Public Offering - Key Details and Last Date for Subscription

As the last day for subscription to the initial public offering (IPO) of Ganesh Green Bharat Limited approaches, it is essential for students preparing for competitive exams to stay updated on the key details of this IPO. In this article, we will provide a comprehensive overview of the IPO, including its price band, lot size, grey market premium, allotment date, listing date, and other important details.

IPO Details

Ganesh Green Bharat Limited, a leading company in the industry, is going public with its initial public offering (IPO). The IPO, which started on July 5, will conclude on July 9. The company has set a price band of Rs 181 to Rs 190 per equity share, making it an attractive opportunity for investors. The minimum investment amount for the IPO is Rs 1,08,600, with retail investors able to bid for a minimum of 600 shares and in multiples thereof. High Net Worth Individual (HNI) investors, on the other hand, can bid for a minimum of 1200 shares with an investment amount of Rs 2 lakh.

Grey Market Premium

The grey market premium (GMP) of Ganesh Green Bharat Limited’s shares is a significant indicator of the company’s potential listing gain. According to multiple websites that track grey market activities, the company’s shares are commanding a premium of Rs 200 to Rs 258, translating into a GMP of 105 to 135.79 per cent. This suggests that the company’s shares are likely to list at a higher price than the IPO price, making it an attractive opportunity for investors.

IPO Allotment and Listing Dates

The IPO is likely to be finalized on July 10, with the allotment status to be released online on the official website of the registrar, KFin Technologies Limited, and the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The company’s shares are proposed to be listed on both NSE and BSE, with the listing likely to take place next week, on July 12.

IPO Face Value and Application Timings

The face value of Ganesh Green Bharat Limited’s IPO is Rs 10, with the market timings for application being from 10 am to 5 pm.

IPO Running Lead Manager and Sponsor Bank

Hem Securities Limited is the book-running lead manager for the IPO, while HDFC Bank Limited is the sponsor bank.

Conclusion

In conclusion, Ganesh Green Bharat Limited’s IPO is an exciting opportunity for investors, with a strong grey market premium indicating a potential listing gain. Students preparing for competitive exams should stay updated on the IPO’s key details, including its price band, lot size, allotment date, and listing date. With the last day for subscription approaching, it is essential to make informed decisions about investing in this IPO.

Historical Context:

The concept of Initial Public Offering (IPO) has been around for centuries, with the first recorded IPO dating back to 1602 when the Dutch East India Company issued shares to the public. However, the modern IPO process as we know it today began to take shape in the late 19th century with the introduction of the Securities Act of 1933 in the United States. Since then, IPOs have become a crucial source of capital for companies, allowing them to raise funds for expansion, modernization, and other business purposes.

In India, the IPO market has seen significant growth in recent years, with many companies listing on the stock exchanges. The Indian IPO market is regulated by the Securities and Exchange Board of India (SEBI), which sets the rules and guidelines for IPOs. The process typically involves a company filing a draft red herring prospectus (DRHP) with SEBI, followed by a roadshow to attract investors, and finally, the IPO opening for subscription.

Key Details and Last Date for Subscription:

• IPO Name: Ganesh Green Bharat Limited
• IPO Start Date: July 5
• IPO End Date: July 9
• Price Band: Rs 181 to Rs 190 per equity share
• Lot Size: 600 shares (minimum) for retail investors, 1200 shares (minimum) for High Net Worth Individual (HNI) investors
• Grey Market Premium (GMP): Rs 200 to Rs 258, translating into a GMP of 105 to 135.79 per cent
• IPO Allotment Date: July 10
• Listing Date: July 12
• Face Value: Rs 10
• Application Timings: 10 am to 5 pm
• Book-Running Lead Manager: Hem Securities Limited
• Sponsor Bank: HDFC Bank Limited

Summary in Bullet Points:

• Ganesh Green Bharat Limited is going public with its initial public offering (IPO) from July 5 to July 9. • The IPO price band is set at Rs 181 to Rs 190 per equity share. • The minimum investment amount is Rs 1,08,600 for retail investors and Rs 2 lakh for High Net Worth Individual (HNI) investors. • The grey market premium (GMP) is Rs 200 to Rs 258, indicating a potential listing gain. • The IPO allotment date is July 10, with the listing likely to take place on July 12. • The face value of the IPO is Rs 10. • The application timings are from 10 am to 5 pm. • Hem Securities Limited is the book-running lead manager, and HDFC Bank Limited is the sponsor bank.