59  Total SME IPOs listed in 2025

2,613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Ganesh Green Bharat Limited IPO Analysis

Ganesh Green Bharat IPO is a Book Building listing on NSE EMERGE exchange. The company is based in Ahmedabad and caters to Electric Equipments sector. Hem Securities is the merchant banker of Ganesh Green Bharat IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 16th January 2024.

Ganesh Green Bharat IPO posted revenues of ₹ 171.96 crores and PAT of ₹ 21.83 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 170.17 Cr.
            EBITDA: ₹ 34.62 Cr.
            PAT: ₹ 19.88 Cr.
  • EBITDA Margin: 20.34 %
            Pat Margin: 11.68 %
  • Net Worth: ₹ 57.28 Cr.
  • Market Capitalisation: ₹ 509.22 Cr.
  • P/E: 23.33 times
  • P/BV: 2.79 times
  • EV/EBITDA: 16.24 times
Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Book Building

Ganesh Green IPO Financial Performance (Restated)

Financial results of Ganesh Green Bharat IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY24 FY23 FY22
Balance Sheet
Assets 150.29 87.86 88.35
Net Worth 57.28 27.02 27.07
Total Debt 53.70 27.39 22.47
Profit & Loss
Revenue
Revenue on annualised basis
170.17 90.19 105.54
EBITDA
EBITDA on annualised basis
34.62 13.69 8.59
PAT
PAT on annualised basis
19.88 8.15 5.21
Financials
FY24
FY23
FY22
Balance Sheet
Assets
150.29
87.86
88.35

Net Worth
57.28
27.02
27.07

Total Debt
53.70
27.39
22.47

Profit & Loss
Revenue
Revenue on annualised basis
170.17
170.17
90.19
105.54

EBITDA
EBITDA on annualised basis
34.62
34.62
13.69
8.59

PAT
PAT on annualised basis
19.88
19.88
8.15
5.21

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Ganesh Green IPO Key performance Indicators (KPI)

Ganesh Green Bharat IPO PAT Margin is 11.68 % , ROCE (Return on Capital Employed) is 29.98 % as per latest financial. The below table shows Ganesh Green Bharat IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY24 FY23 FY22
EBITDA Margin (%) 20.34 15.18 8.14
PAT Margin (%) 11.68 9.04 4.94
EPS (₹) 10.92 4.48 2.86
ROE (%) 34.71 30.16 19.25
ROCE (%) 29.98 21.70 18.83
ROA (%) 13.23 9.28 5.90
Debt to Equity 0.94 1.01 0.83
Particulars
FY24
FY23
FY22

EBITDA Margin (%)
20.34
15.18
8.14

PAT Margin (%)
11.68
9.04
4.94

EPS (₹)
10.92
4.48
2.86

ROE (%)
34.71
30.16
19.25

ROCE (%)
29.98
21.70
18.83

ROA (%)
13.23
9.28
5.90

Debt to Equity (x)  
0.94
1.01
0.83

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Ganesh Green Bharat IPO Valuation Metrics

The market Capitalisation of Ganesh Green Bharat IPO is ₹ 509.22 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
509.22

Enterprise Value (EV) (₹ Cr.):
562.30

EV/EBITDA (times) :
16.24

PE Multiple (times) :
23.33

P/B (times) :
2.79

NAV (₹) :
31.46

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Ganesh Green prospectus?

The Ganesh Green Bharat IPO prospectus highlights an Return on Equity (ROE) of 15 %, Return on Assets (ROA) of 12 %, and an EBITDA Margin of 18 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Ganesh Green IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Ganesh Green Bharat IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Ganesh Green IPO ?

The post-IPO market capitalisation of Ganesh Green Bharat IPO is ₹ 509.22 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Ganesh Green IPO?

The Ganesh Green Bharat IPO has a Price-to-Earnings (PE) ratio of 23.33 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Ganesh Green Bharat IPO?

Ganesh Green Bharat IPO reported revenue of ₹ 171.96 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Ganesh Green Bharat IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Ganesh Green Bharat IPO?

Ganesh Green Bharat recorded an EBITDA of ₹ 34.62 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Ganesh Green Bharat IPO?

Ganesh Green Bharat Profit After Tax (PAT) is ₹ 19.88 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 170.17 Cr.
            EBITDA: ₹ 34.62 Cr.
            PAT: ₹ 19.88 Cr.
  • EBITDA Margin: 20.34 %
            Pat Margin: 11.68 %
  • Net Worth: ₹ 57.28 Cr.
  • Market Capitalisation: ₹ 509.22 Cr.
  • P/E: 23.33 times
  • P/BV: 2.79 times
  • EV/EBITDA: 16.24 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Ganesh Green Bharat operates in Electric Equipments and Electrical Contracting Service Company. The Issue is listed on NSE EMERGE in Jul, 2024. Ganesh Green Bharat IPO size was 125.23 with Issue price of 190.00 .

Ganesh Green Bharat IPO subscription was 229.92 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Ganesh Green Bharat IPO listed at a listing price of 398.00 against the offer price of 190.00.

The current market price of Ganesh Green Bharat is 371.75.

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