Ganesh Infraworld IPO Allotment: Check Status, GMP, Subscription, Listing Date, More

Ganesh Infraworld Ltd is expected to finalise the basis of the allotment of its shares on Wednesday. The initial public offering (IPO), which closed for subscription on December 3, witnessed a massive response from investors.

The Rs 98.58 crore SME issue received an overall subscription of 369.56 times. The price band was fixed between Rs 78 and Rs 83 per share. The minimum lot size for an application was 1,600 shares and the minimum amount of investment required by retail investors was Rs 1,32,800.

The high-net-worth individuals (HNIs) were required to apply for a minimum of two lots or 3,200 shares, amounting to an investment of Rs 2,65,600.

According to the company’s red herring prospectus, 18 per cent of the issue is reserved for Qualified Institutional Buyers (QIBs), 13.51 per cent for Non-Institutional Investors (NIIs), 31.52 per cent is booked for retail investors and 26.97 per cent is reserved for Anchor Investors.

Link Intime India Pvt is the registrar of the Ganesh Infraworld public issue. Vivro Finance Services Pvt is the book-running lead manager of the issue and Rikhav Securities is the market maker.

Once the allotment is finalised, investors can check the Ganesh Infraworld IPO allotment status on the official websites of NSE and Link Intime India.

Ganesh Infraworld IPO Allotment Status on the NSE website:

• Visit the NSE allotment status website

• Existing users can log in with their user ID and password.

• Select Equity in the issue type

• Select Ganesh Infraworld from the list of company names

• Enter PAN and IPO application number

• Click on the ‘Submit’ button

• Your Ganesh Infraworld IPO allotment status will be displayed on the screen

Ganesh Infraworld IPO Allotment Status on Link Intime:

• Visit the IPO registrar website at this link

• Select Ganesh Infraworld from the Select Company dropdown menu

• Enter either your PAN or Application Number or DP ID or Account Number

• Click on Search

• Your allotment status will be displayed on the screen.

Ganesh Infraworld IPO GMP

The shares of Ganesh Infraworld were commanding a premium of Rs 78 in the unlisted market. With the price band of Rs 83, Ganesh Infraworld SME IPO’s estimated listing price is around Rs 161, up 94 per cent from the issue price, according to Investorgain[dot]com.

Established in 2017, Ganesh Infraworld Ltd is a construction company. The company specialises in the development of industrial, civil, residential and commercial buildings, along with road, railway, power and water distribution projects across India.