Ganesh Infraworld IPO allotment: Check application status, latest GMP & other key details

Ganesh Infraworld Ltd is likely to finalise the basis of allotment of its shares on Wednesday. The initial public offering (IPO), which closed yesterday (December 3), saw a massive response from investors.

The Rs 98.58 crore SME issue received an overall subscription of 369.56 times. The price band was fixed between Rs 78 and Rs 83 per share. The minimum lot size for an application was 1,600 shares. And, the minimum amount of investment required by retail investors was Rs 1,32,800.

On the other hand, high-net-worth individuals (HNIs) were required to apply for a minimum of two lots, or 3,200 shares, aggregating to an investment of Rs 2,65,600.

Once the allotment is finalised, investors can check the status on the official websites of NSE and Link Intime India.

Check Ganesh Infraworld IPO allotment status on NSE:

https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp

Check Ganesh Infraworld IPO allotment status on Link Intime India:

https://ipo.bigshareonline.com/IPO_Status.html

Vivro Financial Services Private Limited is the book-running lead manager of the issue, while Link Intime India Pvt Ltd is the registrar.

Latest grey market premium (GMP)

In the grey market, unlisted shares of Ganesh Infraworld were last seen trading at a premium of 93.98 per cent (at Rs 161) against an issue price of Rs 83 (upper price band). The stock will be listed on the NSE's SME platform, Emerge and the tentative listing day will be December 6.

Ganesh Infraworld is a construction company offering end-to-end EPC services across India. The company specialises in industrial, civil, residential, and commercial building projects, as well as infrastructure developments. Its portfolio includes road, railway, power, and water distribution projects, with operations spanning multiple states.