Ganesh Green Bharat IPO Debuts with 90% Premium on NSE

Ganesh Green Bharat IPO - Lists at a premium of 90%

Ganesh Green Bharat IPO had a very strong listing on 12th July 2024, listing at ₹361.00 per share, a premium of 90.00% over the issue price of ₹190 per share in the IPO. Interestingly, under the new modified SEBI rules for listing of SME-IPO shares on the NSE, these companies are subjected to a maximum premium on listing of 90% on listing day. Here is the pre-open price discovery for the Ganesh Green Bharat IPO on the NSE.

PRE-OPEN ORDER COLLECTION SUMMARY

Data Source: NSE

The SME IPO of Ganesh Green Bharat was a book built IPO in the price band of ₹181 to ₹190 per share. Considering the strong subscription response at over 229X and the anchor allocation being done at the upper end of the band, the price discovery of the IPO also happened at the upper end of the price band at ₹190 per share. On 12th July 2024, the stock of Ganesh Green Bharat listed at ₹361.00 per share, a premium of 90.00% (maximum limit permitted for SME IPOs) over the IPO price of ₹190.00 per share. For the day, being in the 5% circuit filter category, the upper circuit price has been set at ₹379.05 and the lower circuit price has been set at ₹342.95. The stock has a tick size of ₹0.05.

Read more about Ganesh Green Bharat IPO

As of 10.06 am, the volumes were 6.74 lakh shares while the turnover (value) was at 2,484 lakhs. The opening market cap of the stock stands at ₹940.08 crore. The equity shares of Ganesh Green Bharat (Symbol: GGBL) shall be in Series ST (Trade for Trade Surveillance Segment (TFTS) – Settlement Type W) and subsequently be shifted to Series SM (Normal Rolling Segment – Settlement Type N). At 10.06 am, the stock is trading at ₹379.05, which is +5.00 above the listing price of ₹361.00 per share and the stock is trading locked at the upper circuit price for the day in early trades. The stock of Ganesh Green Bharat has a face value of ₹10 per share and the market lot comprises of 600 shares. The stock trades under the NSE symbol (GGBL) and the ISIN code for demat credits will be (INE0R8C01018).