Construction services company Ganesh Infraworld has announced its Rs 99-crore initial public offering (IPO), set to open for subscription on November 29 and close on December 3. The price band for the IPO is fixed at Rs 78-83 per share.
Key Details of the IPO:
- IPO Structure: Entirely fresh issue of 1.18 crore equity shares, with no offer-for-sale component.
- Price Band: Rs 78-83 per share.
- Anchor Book Opening: November 28, a day before the IPO opens for the public.
- IPO Proceeds Utilization:
- Rs 70 crore for working capital requirements:
- Rs 40 crore to be used in FY25.
- Rs 30 crore to be used in FY26.
- Remaining funds for general corporate purposes.
- Rs 70 crore for working capital requirements:
About Ganesh Infraworld:
The West Bengal-based company specializes in engineering, procurement, and construction (EPC) services across various sectors, including industrial civil projects, residential and commercial buildings, road and railway infrastructure, power, and water distribution projects.
- Order Book: Rs 574.9 crore as of August 31, spanning 41 ongoing projects.
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Source: Moneycontrol
News Desk
