Ganesh Consumer Products Lists at ₹296, Opens 8% Below Issue Price as Selling Pressure Dominates Early Trade

Mumbai, 29 September 2025: Shares of Ganesh Consumer Products Limited IPO (NSE: GANESHCP) made a subdued debut on the National Stock Exchange today, listing at ₹296 per share, marking an 8% discount to the issue price of ₹322. The stock exhibited early volatility, reaching a high of ₹306 and a low of ₹295 in initial trade, with the latest quote at ₹302.60, up 2.21% from its opening but still 6.15% below the issue price.

Founded in 2000 and headquartered in Kolkata, Ganesh Consumer Products Limited operates in the packaged food and fast-moving consumer goods (FMCG) sector. Its flagship brand “Ganesh” dominates packaged wheat flour and derivatives in East India. The company also holds a 43% share in gram-based sattu products and around 5% in besan, supported by a distribution network spanning over 70,000 retail outlets.

Ganesh Consumer IPO Early Trade Volatility Highlights ₹306 High and ₹295 Low Amid Sell-Side Pressure

The initial trading session saw significant sell-side activity, with 13.27 lakh shares on the ask side, in contrast to 5.32 lakh shares of buy orders, reflecting cautious investor sentiment post-listing. The volume-weighted average price (VWAP) stood at ₹298.04, with a total of 21.02 lakh shares traded, translating into a traded value of ₹62.64 crore. Overall, the company commands a market capitalisation of ₹1,223.50 crore following the listing.

Ganesh Consumer IPO Anchor Investor Allocation Raised ₹122.33 Crore Prior to IPO

Prior to listing, Ganesh Consumer Products Limited secured ₹122.33 crore from anchor investors, including Samsung India Small & Mid Cap Securities Master Trust, PGIM India, BNP Paribas, and Citigroup Global, providing a cushion ahead of public subscription.

Ganesh Consumer IPO Subscription Data Reveals 2.67x Overall Bidding, Retail Segment Sees Moderate Interest

The company’s IPO saw overall subscription at 2.67 times, with Qualified Institutional Buyers (QIBs) bidding 4.18x, Non-Institutional Investors (NIIs) 4.34x, retail investors 1.15x, and employees 2.03x, highlighting stronger institutional participation relative to retail demand.

Ganesh Consumer IPO Trading Snapshot Reveals Day High at ₹308.70 and Free Float Market Cap Remains Unreported

At 11:22 AM IST, key metrics indicated a high of ₹308.70, low of ₹295.00, and a VWAP of ₹300.93, with a total traded volume of 40.83 lakh shares and traded value of ₹122.87 crore. The 52-week price range sits between ₹295.00 and ₹308.70, and the stock maintains a tick size of ₹0.05 within a 20% price band.

The listing of Ganesh Consumer Products Limited underscores a measured market reception, with early sell-side activity influencing price discovery. While institutional interest was notably higher, retail participation remained moderate, reflecting differing engagement levels across investor segments. Market metrics and trade volumes offer a detailed view of liquidity and price behaviour on debut.

REF: https://www.nseindia.com/get-quotes/equity?symbol=GANESHCP

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations