{"id":48681,"date":"2024-12-03T13:30:00","date_gmt":"2024-12-03T08:00:00","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=48681"},"modified":"2025-11-10T13:34:41","modified_gmt":"2025-11-10T08:04:41","slug":"ganesh-infraworld-ipo-stuns-at-21x-subscription-suraksha-diagnostic-steady-at-25-on-day-2-check-gmp-and-key-details","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/ganesh-infraworld-ipo-stuns-at-21x-subscription-suraksha-diagnostic-steady-at-25-on-day-2-check-gmp-and-key-details\/","title":{"rendered":"Ganesh Infraworld IPO Stuns at 21x Subscription; Suraksha Diagnostic Steady at 25% on Day 2. Check GMP and key details"},"content":{"rendered":"
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The IPO market is abuzz with activity today as two highly anticipated offerings\u2014one from the mainboard and another from the SME segment\u2014reach their final day of bidding. Ganesh Infraworld IPO, representing the SME sector, has generated significant investor attention with an oversubscription of 21 times in just two days. <\/p>\n\n\n\n

Suraksha Diagnostic IPO<\/a> has also performed steadily on the mainboard, reflecting growing interest across market segments. As investors evaluate their options, let\u2019s dive into the performance metrics of these two IPOs, including the latest subscription status and grey market premium (GMP) trends, to understand how they\u2019re shaping up in the closing hours.<\/p>\n\n\n\n

Ganesh Infraworld IPO <\/strong><\/h2>\n\n\n\n

Ganesh Infraworld IPO<\/a> is a book-built issue aimed at raising \u20b998.58 crores. This is a fresh issue consisting of 118.77 lakh shares. The IPO<\/a> opened for subscription on November 29, 2024, and will close on December 3, 2024. The allotment is expected to be finalized on December 4, 2024, with the listing scheduled on NSE<\/a> SME for December 6, 2024.<\/p>\n\n\n\n

The IPO<\/a> requires a minimum lot size of 1,600 shares. Retail investors must invest at least \u20b9132,800, while HNIs must invest a minimum of \u20b9265,600 for 2 lots (3,200 shares).<\/p>\n\n\n\n

Offer Price<\/td>\u20b978 to \u20b983 per share<\/td><\/tr>
Face Value<\/td>\u20b95 per share<\/td><\/tr>
Opening Date<\/td>29 November 2024<\/td><\/tr>
Closing Date<\/td>3 December 2024<\/td><\/tr>
Total Issue Size (in Shares)<\/td>11,876,800<\/td><\/tr>
Total Issue Size (in \u20b9)<\/td>\u20b998.58 Cr<\/td><\/tr>
Issue Type <\/td>Book Built Issue IPO<\/td><\/tr>
Lot Size<\/td>1600 Shares<\/td><\/tr>
Listing at<\/td>NSE, SME<\/td><\/tr><\/tbody><\/table>
Source:<\/strong> NSE<\/strong><\/a><\/figcaption><\/figure>\n\n\n\n

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Subscription Status<\/strong><\/h3>\n\n\n\n

As of the end of Day 2, the Ganesh Infraworld IPO has been subscribed 21.53 times overall. The retail investor portion saw the highest enthusiasm, with subscriptions reaching 33.02 times. Non-institutional investors (NII) followed closely, subscribing 18.72 times their allocated quota. <\/p>\n\n\n\n

The qualified institutional buyers (QIB) segment, typically slower in early bidding, has also shown strong interest with a 3.51x subscription. As of 16:28 IST, the IPO had received bids for 16,11,47,200 shares against the 74,86,400 shares on offer, reflecting robust demand across all investor categories. Source:<\/strong>Mint<\/strong><\/a><\/p>\n\n\n\n

GMP (Grey Market Premium)<\/strong><\/h3>\n\n\n\n

As of December 3, 2024, the grey market premium (GMP) for Ganesh Infraworld IPO is \u20b968. Based on this, the estimated listing price is \u20b9151 per share, implying a substantial premium over the cap price of \u20b983.
Source: <\/strong>MoneyControl<\/strong><\/a><\/p>\n\n\n\n

Objectives of the IPO<\/strong><\/h3>\n\n\n\n

The proceeds from the IPO will be utilized as follows:<\/p>\n\n\n\n