Ganesh Infraworld IPO launched on 29 November 2024, which is an SME IPO and aims to raise funds of ₹98.58 crore. The price band of the IPO is between ₹78 to ₹83 and the market lot is 1600 shares. This IPO will be open for investors till 5 December 2024.
Company Background
Ganesh Infraworld Limited was established in 2017. The company works on industrial, residential, and commercial construction projects. Apart from this, it provides important services like water supply systems, power distribution, power generation, and railway construction.
Multiplier (GMP) Updates
The Grey Market Premium (GMP) for Ganesh Infraworld IPO is currently ongoing and the GMP has shown that there is positivity among investors towards the IPO. The last demand for the IPO and the GMP on listing can be impressive.
Today’s GMP Update:
As per current data, GMP is estimated to be between ₹30-₹35. This information may change regularly; hence, it is important for investors to keep checking for updates.
Technical Details
| Bidding Dates | 29 November 2024 to 5 December 2025 |
| Bid Size | ₹1,24,800 (for a lot of 1600 shares) |
| Advertisement | Listing expected on NSE SME platform. |
Key Observations
| The IPO has created a good opportunity for investing in infrastructure projects. |
| Primary market participation is likely to yield listing gains. |
| Given the company’s strong financial performance, investors can benefit in the long term. |
