Ganesh Infraworld shares listed on the NSE Emerge platform with a premium of 90 percent on December 6 after nearly 370 times subscription to the Rs 98 crore SME issue.
The shares of Ganesh Infraworld were listed at Rs 157.7 per share on the NSE SME, a premium of 90 percent against the issue price of Rs 83.
The price band for the issue was Rs 78 - 83 per share.
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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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