About Company – Ganesh Green Bharat

Ganesh Green Bharat Limited was founded in April 2016. The company offers a comprehensive portfolio in the field of supply, installation, testing and commissioning (SITC) of solar and electrical products and services to various government entities. They have completed projects under various central and state schemes like Saubhagya Scheme, KUSUM Scheme, Saur Sujla Yojna. The company has also entered into the design, construction, installation and operation and maintenance of water supply projects like the Mukhya Mantri Nishchay Quality Affected Yojna, Har Ghar Jal (Jal Jeevan Mission) etc.

Later, in 2017, the company entered the renewable energy sector where it expanded its operations as an integrated solar energy solutions provider, offering engineering, procurement and construction services (“EPC”) and operation and maintenance services (“O&M”) for solar home lighting, solar street lighting, solar power plants (grid connected and off-grid), solar high masts, solar pumping systems, etc. In 2016, the Group attained the status of a distributor under the Ministry of New and Renewable Energy (MNRE) and completed a major project of 16,486 SPV home lighting systems in Rajasthan through Rajasthan Renewable Energy Corporation Limited (RRECL) in 2018.

Over the years, the Group has diversified its business as a service provider into several areas:

1. Solar systems and allied services,
2. Electrical installation services,
3. Water supply projects and as a manufacturer of photovoltaic “modules”.

The company has a wide range of products and solutions in each of the product categories in which it operates. Its comprehensive solutions also include EPC services that cover the planning, engineering, construction, installation and commissioning of projects.

Ganesh Green Bharat SME IPO Strengths

• Diversified range of solutions.
• Capabilities to capture strong industry tailwinds and growth prospects for solar energy.
• Well-established track record for designing and execution team.
• Experienced promoters and senior management team.
• Stable financial performance.

Ganesh Green Bharat SME IPO Objective

The company proposes to utilise the Net Proceeds from the Issue towards funding the following objects:

• Repayment in full or in part, of certain of the outstanding borrowings;
• Funding Capital Expenditure towards installation of additional plant and machinery at the factory
• Funding to meet working capital requirements
• General Corporate Purpose.