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Ganesh Infraworld shares debuted on the NSE Emerge platform at a remarkable 90% premium, listing at Rs 157.7 after a subscription rate of nearly 370 times for the Rs 98 crore SME issue. The shares were offered within a price band of Rs 78 to Rs 83, with the issue price set at Rs 83.
Ganesh Infraworld has launched its Rs 99-crore IPO with a price band of Rs 78-83 per share, set to open on November 29 and close on December 3. The West Bengal-based company, specializing in construction and allied services, plans to allocate Rs 70 crore of the proceeds for working capital and the rest for general corporate purposes. With an order book of Rs 574.9 crore, it currently has 41 ongoing projects.
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