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🚨 Ganesh Green Bharat IPO Funds: β‚Ή125 Cr Raised, β‚Ή121 Cr Used β€” And No, They Didn’t Vanish in Green Smoke


πŸ“Œ At a glance

Ganesh Green Bharat Ltd (NSE SME: GGBL) has filed a no-deviation certificate under Regulation 32 of SEBI LODR for the half year ended March 31, 2025. Out of β‚Ή125.23 crore raised in its July 2024 IPO, the company claims β‚Ή121.30 crore has already been utilized β€” and the remaining will be used β€œon or before March 31, 2026.”

Translation: β€œBhai, paisa safe hai… aur thoda bacha hai.”


🏒 Company Background

  • Current Name: Ganesh Green Bharat Ltd
  • Old Avatar: Ganesh Electricals Pvt Ltd
  • Industry: Electricals, Renewable Infra
  • Listing Platform: NSE Emerge (SME)
  • CIN: L31900GJ2019PLC108417
  • Registered Office: Gota, Ahmedabad
  • Factory: Mehsana, Gujarat
  • IPO Date: July 12, 2024
  • Total Funds Raised: β‚Ή125.23 crore

πŸ§‘πŸ’Ό Who’s Running the Show?

  • Managing Director: Ketanbhai Narsinhbhai Patel (DIN: 07499411)
  • Monitoring Agency: Care Ratings Limited (Yes, SEBI now outsources trust issues
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