Amidst the ups and downs in the Indian stock market, an IPO has made investors happy. According to the current GM, whoever is allotted this IPO will make a profit of about 48 percent on the very first day of listing. Actually, we are talking about Ganesh Infraworld Limited IPO. The last date to apply for this IPO, which opened for subscription on 29th November, is 3rd December i.e. tomorrow.
Got 1.48 times subscription on the very first day
Ganesh Infraworld Limited IPO received 1.48 times subscription on the first day. In retail category where 2.43 times subscription was received. At the same time, 1.24 times subscription was received in NII category. Let us tell you, the IPO is completely a fresh issue of 1.18 crore shares. Their value is Rs 98.6 crore.
how much is gmp
Talking about the latest GMP of Ganesh Infraworld Limited IPO, it was Rs 40 till today i.e. 2nd December 11.54 AM. That means an increase of about 48.19 percent on each share. If the shares of Ganesh Infraworld Limited are listed on this GMP, then investors will get a profit of about Rs 40 on each share. Let us tell you, the company has kept the price band at Rs 78-83 per share.
what does the company do
Let us tell you, Ganesh Infraworld Limited provides construction and related services for industrial construction projects, residential and commercial buildings, power projects, road construction, railroad infrastructure projects and water supply projects in India. In FY 24, the company’s revenue was Rs 51.26 crore and profit after tax was Rs 3.98 crore.
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