IPO
Construction co. Ganesh Infraworld’s Rs.99-Cr SME IPO subscribed 370x
The SME initial public offer (IPO) of Kolkata-headquartered Ganesh Infraworld received an overall subscription of 369.7 times on the final day of the bidding process.The company aims to raise INR 98.6 crore through the SME IPO, which is a fresh equity sale of 1.18 crore shares.The net proceeds from the public offer will be used for long- term working capital requirements and general corporate purposes.Ganesh Infraworld offers a range of construction and allied services across industrial civil projects, residential and commercial buildings, road construction, railway infrastructure projects, power projects and water distribution projects.
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