Ganesh Infraworld IPO Allotment Today: Steps To Check Status And Latest GMP

Ganesh Infraworld IPO share allotment status is expected to be finalised on Wednesday, following the successful end of the three-day subscription period. The initial public offering (IPO) of Ganesh Infraworld Ltd. closed with a massive demand on Tuesday.

The NSE SME issue was subscribed nearly 370 times on the last day of bidding. The investors across categories applied for 2,76,66,52,800 shares against 74,86,400 shares available for bidding.

Qualified Institutional Buyers (QIBs) subscribed their category 163.52 times, by applying for 34,95,34,400 shares as compared to 21,37,600 shares on offer, as per market tracking site Chittorgarh.

The Non-Institutional Investors (NIIs) applied for 1,38,94,68,800 shares against 16,04,800 shares on offer, subscribing their quota by 865.82 times.

Retail investors placed bids for 1,02,76,49,600 shares as compared to the 37,44,000 shares on offer, overbooking their portion by 274.48 times.

The company aims to raise Rs 98.58 crore through its public offering comprising only a fresh issuance of 118.77 lakh shares. Ganesh Infraworld IPO price band was fixed at Rs 78 to Rs 83 per share.

The IPO was open for subscription from Nov. 29 to Dec. 3. The IPO listing has been scheduled for Dec. 6.

The investors can check the Ganesh Infraworld IPO allotment status through the websites of the NSE and the issue registrar, Link Intime India Pvt. Ltd.  

• Visit the allotment status check page of the NSE here

• Log in with your username and password. (New users should register on the NSE to view IPO allotment status)

• Select Ganesh Infraworld Limited from the dropdown menu

• Verify your PAN details

• Enter the application number for the IPO

• Click submit to check the allotment details

• Visit the IPO allotment status page on Link Intime India website here

• From the dropdown menu for company names, select 'Ganesh Infraworld Limited.' (The name will be visible after the share allocation is completed by the company) 

• Choose from PAN, Application Number, DP/Client ID or Account Number/IFSC to view your allotment status

• Enter the required details based on your selection

• Hit 'Submit' to check the allotment status

The latest Ganesh Infraworld IPO GMP indicated a listing gain of 93.98%, as of 10:02 a.m. on Dec. 4, according to InvestorGain.

Ganesh Infraworld IPO GMP (grey market premium) stood at Rs 78 per share, indicating a strong listing over the upper limit of the price band. The GMP indicates a listing price of Rs 161 per share.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

Use of Proceeds

Ganesh Infraworld plans to use the proceeds from the IPO to meet long-term working capital requirements and for general corporate purposes.

About Ganesh Infraworld Ltd.

Founded in 2017, Ganesh Infraworld Limited is a construction firm providing a diverse array of construction services. The company specialises in the development of industrial, civil, residential, and commercial buildings, along with road, railway, power, and water distribution projects across India. 

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.