Ganesh Infraworld IPO to open on November 29, price band at Rs 78-83 per share

Ganesh Infraworld IPO

Construction and allied services provider Ganesh Infraworld has launched its Rs 99-crore initial share sale with a price band of Rs 78-83 per share despite subdued conditions in the equity markets. The public issue will open for subscription on November 29 and close on December 3.

The book-built issue consists of a solely fresh issue of 1.18 crore equity shares by the company, which means the entire IPO proceeds (excluding offer expenses) will go to the company.

The West Bengal-based company offers construction and allied services for industrial civil projects, residential & commercial buildings, road, railway infrastructure, power and water distribution projects, specialising in engineering, procurement, and construction (EPC) services. It has an order book of Rs 574.9 crore as of August 31, comprising 41 ongoing projects.

Ganesh Infraworld intends to spend Rs 70 crore out of the net issue proceeds for its working capital requirements; and the remainder for general corporate purposes. It will use Rs 40 crore in current financial year and Rs 30 crore in next fiscal 2026 for its working capital.

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The anchor book of the public issue will be opened for a day on November 28.

Vivro Financial Services is acting as the book running lead manager to the issue.