Ganesh Consumer Products IPO to Raise ₹408 Crore; Price Band Set at ₹306–₹322

Kolkata, September 17: The Initial Public Offering of Ganesh Consumer Products Limited will open for subscription on September 22 and will remain live till September 24. The company is looking to raise ₹408 crore through the issue.

Ganesh Consumer Products Limited is an Indian fast-moving consumer goods (FMCG) company that specialises in the manufacturing and sale of food products. Its product range includes various types of flour, spices, and instant food mixes. The company was established on 9th March 2000 and has its headquarters in Kolkata, West Bengal, India.

Price Band At ₹306-₹322

The ₹408 crore IPO is a mix of fresh issue and offer-for sale. The fresh issue is for 0.40 crore shares aggregating to ₹130.00 crores and the offer-for-sale of 0.87 crore shares aggregating to ₹278.80 crores. The lot size for the issue is 46 shares, amounting to a minimum investment of ₹14,812 by a retail investor at the upper price band. The share allotment is expected on September 25. The company has set September 26 as the date for share credit into demat accounts and refund initiation. The shares of the company are expected to list on NSE and BSE on September 29.

Prepayment and Repayment Main Motive

Ganesh Consumer will utilise ₹60 crore for prepayment and repayment of borrowings, while ₹45 crore will be used for a new manufacturing facility in Darjeeling, West Bengal. The remaining amount will be used for general corporate purposes.

Third-largest Packaged Wheat Flour Brand in India

Ganesh Consumer Products Limited  IPO is India’s third largest packaged wheat flour brand. It is also the largest producer of wheat-based derivatives (maida, sooji and dalia) in eastern India. The company holds 40.55% market share in West Bengal’s wheat-based products segment (by value) in FY25 and is among the top two companies in packaged sattu and besan in eastern India, with 43.4% and 4.9% market share respectively.

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