Ganesh Infraworld IPO allotment status finalised: Steps to check on NSE, Link Intime India

Ganesh Infraworld IPO allotment status has been finalised. The NSE SME issue closed with strong subscription on Tuesday, December 3.

The retail portion of the IPO was booked 289.6 times and the non-institutional investors (NIIs) booked their category 869.35 times. The qualified institutional buyers’ (QIBs) segment was subscribed 163.51 times.

After finalising the share allocation, the company will initiate refunds for unsuccessful bidders and transfer of shares to the Demat accounts on Thursday, December 5. Shares of Ganesh Infraworld are scheduled to be listed on the NSE SME platform, Emerge. The tentative listing date for the SME issue is Friday, December 6.

Steps to check Ganesh Infraworld IPO share allotment status on NSE website

• Visit the IPO allotment status page on the NSE website: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Enter your login details (If you don’t already have an account, you will need to sign up on the NSE website)
• Choose 'Ganesh Infraworld Limited'
• Verify PAN details
• Enter the IPO application number
• Click on the 'submit' button

How to check Ganesh Infraworld IPO share allotment on Link Intime India website

• Go to the 'Public issues' page of Link Intime India at: https://linkintime.co.in/Initial_Offer/public-issues.html
• Select 'Ganesh Infraworld' from the list of IPO names.
• Enter your application no, PAN, Account No/IFSC or DP/Client ID
• Click on the 'Submit' button

Ganesh Infraworld IPO details

Ganesh Infraworld IPO aims to raise ₹98.58 crore through a completely fresh issuance of 118.77 lakh shares.

Ganesh Infraworld IPO price band has been fixed at ₹78 to ₹83 per share. The minimum lot size for retail investors was 1600 shares which aggregated to an investment of ₹1,32,800.

Ganesh Infraworld IPO objective

The company plans to use the money raised via the public issue for meeting long-term working capital requirements and general corporate purposes.

About Ganesh Infraworld

Ganesh Infraworld was incorporated in 2017. The company offers end-to-end Engineering, Procurement, and Construction (EPC) services which cover the planning, design, execution, and material supply for civil, electrical, mechanical, and industrial projects. The company operates across states such as Rajasthan, Uttar Pradesh, Maharashtra, Odisha, Haryana, Jharkhand, Bihar, Jammu and Kashmir, Andhra Pradesh and Chhattisgarh.