Ganesh Infraworld is set to launch its initial public offering (IPO) from November 29 to December 3. The IPO is valued at Rs 99 crore, with a price band of Rs 78-83 per share.
Ganesh Infraworld specializes in construction and allied services, focusing on industrial civil projects, residential and commercial buildings, as well as infrastructure for roads, railways, power, and water distribution. As of August 31, the company has an order book worth Rs 574.9 crore, covering 41 ongoing projects.
The offering consists of a fresh issue of 1.18 crore equity shares, and all proceeds will go to the company, excluding offer expenses. The net issue proceeds of Rs 70 crore will be allocated for working capital needs, with Rs 40 crore for the current financial year and Rs 30 crore for the next fiscal year, 2026. The remaining funds will be used for general corporate purposes.