The Ganesh Infraworld Ltd IPO GMP opens on November 29, 2024, with a price band of ₹78 to ₹83 per share, targeting to raise approximately ₹98.58 crores. The Grey Market Premium (GMP) is currently ₹35, reflecting strong investor interest and a potential listing gain of 17%. Retail investors must apply with a minimum amount of ₹1,32,800 for a market lot of 1,600 shares. The IPO closes on December 3, 2024, with allotment results expected on December 4, 2024, and listing on the NSE SME scheduled for December 6, 2024.
What is Ganesh Infraworld Ltd IPO GMP?
The Ganesh Infraworld Ltd IPO GMP reflects the premium investors are willing to pay in the unregulated grey market over the IPO issue price. With the current GMP at ₹35, investors anticipate a significant upside, indicating a strong demand for the IPO shares even before the listing.
Ganesh Infraworld IPO GMP Price
The Ganesh Infraworld IPO GMP price is a key metric that highlights the IPO’s performance potential.
IPO Details at a Glance
| Details | Ganesh Infraworld IPO GMP Price Highlights |
|---|---|
| Price Band | ₹78 to ₹83 per share |
| Market Lot | 1,600 shares |
| Issue Size | ₹98.58 crores |
| Face Value | ₹5 per equity share |
| GMP | ₹35 as of November 28, 2024 |
This data indicates that investors might enjoy a listing gain of approximately 17%, based on the current Ganesh Infraworld IPO GMP price.
Ganesh Infraworld IPO GMP Allotment Status
Checking the Ganesh Infraworld IPO GMP allotment status is simple and crucial for applicants. The allotment process will be completed by December 4, 2024.
Steps to Check Allotment Status
- NSE Website: Visit the official NSE site and use your PAN number or application ID.
- Broker Platform: Check through your broker’s portal or app, which updates allotment details promptly.
Ganesh Infraworld Ltd IPO GMP Review
1. Strong GMP Indicators
The Ganesh Infraworld Ltd IPO GMP review shows a rising trend, with the GMP increasing from ₹10 on November 23 to ₹35 on November 28, 2024.
2. Positive Market Sentiment
The surge in the Ganesh Infraworld IPO GMP price reflects robust investor confidence in the company’s potential.
3. Why Invest?
- Revenue Growth: The company has demonstrated consistent growth across various infrastructure projects.
- Diverse Presence: Operations span West Bengal, Rajasthan, Uttar Pradesh, Odisha, Haryana, Jharkhand, Bihar, and Andhra Pradesh.
About Ganesh Infraworld Ltd
Founded in 2017, Ganesh Infraworld Ltd is a key player in the infrastructure sector, delivering solutions for:
- Water supply systems
- Power generation and distribution
- Railroad construction
The company’s expansion across states highlights its ability to cater to diverse infrastructure needs, making it a promising investment.
Ganesh Infraworld IPO GMP Trends
| Date | GMP (₹) |
|---|---|
| November 28 | ₹35 |
| November 27 | ₹12 |
| November 26 | ₹12 |
| November 25 | ₹10 |
| November 23 | ₹10 |
This upward trend suggests rising investor interest, solidifying the Ganesh Infraworld IPO GMP review as a positive outlook for the IPO.
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Frequently Asked Questions (FAQs)
1. What is the Ganesh Infraworld IPO GMP?
The Ganesh Infraworld IPO GMP indicates the premium at which the IPO shares are trading in the grey market. Currently, the GMP is ₹35, reflecting strong demand.
2. How can I check Ganesh Infraworld IPO GMP allotment status?
You can check the allotment status through the NSE website or your broker’s portal by entering your PAN number or application ID.
3. Is Ganesh Infraworld IPO GMP a good investment?
The strong GMP trend and the company’s consistent growth indicate positive prospects. However, evaluate your risk appetite and investment goals before applying.
