Ganesh Consumer Products IPO vs Indiqube Spaces IPO

Comparison between Ganesh Consumer Products IPO and Indiqube Spaces IPO.

IPO Details

Ganesh Consumer Products IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Indiqube Spaces IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Ganesh Consumer Products IPO is up to ₹408.80 Cr whereas the issue size of the Indiqube Spaces IPO is up to ₹700.00 Cr. The final issue price of Ganesh Consumer Products IPO is ₹322.00 per share and of Indiqube Spaces IPO is ₹237.00 per share.

 Ganesh Consumer Products IPOIndiqube Spaces IPO
Face Value₹10 per share₹1 per share
Issue Price (Lower)₹306.00 per share₹225.00 per share
Issue Price (Upper)₹322.00 per share₹237.00 per share
Issue Price (Final)₹322.00 per share₹237.00 per share
Discount (Retail)
Discount (Employee)₹30.00 per share₹22.00 per share
Market Lot Size46 shares63 shares
Fresh Issue Size40,39,687 shares2,74,32,636 shares
Fresh Issue Size (Amount)up to ₹130.05 Crup to ₹650.01 Cr
OFS Issue Size86,58,333 shares21,09,704 shares
OFS Issue Size (Amount)up to ₹278.75 Crup to ₹49.99 Cr
Issue Size Total1,26,98,020 shares2,95,42,340 shares
Issue Size Total (Amount)up to ₹408.80 Crup to ₹700.00 Cr

IPO Timetable

Ganesh Consumer Products IPO opens on Sep 22, 2025, while Indiqube Spaces IPO opens on Jul 23, 2025. The closing date of Ganesh Consumer Products IPO and Indiqube Spaces IPO is Sep 24, 2025, and Jul 25, 2025, respectively.

 Ganesh Consumer Products IPOIndiqube Spaces IPO
Anchor Bid DateSep 19, 2025Jul 22, 2025
Issue OpenSep 22, 2025Jul 23, 2025
Issue CloseSep 24, 2025Jul 25, 2025
Basis Of Allotment (Tentative)Sep 25, 2025Jul 28, 2025
Initiation of Refunds (Tentative)Sep 26, 2025Jul 29, 2025
Credit of Share (Tentative)Sep 26, 2025Jul 29, 2025
Listing date (Tentative)Sep 29, 2025Jul 30, 2025
Anchor Lockin End date 1Oct 24, 2025Aug 26, 2025
Anchor Lockin End date 2Dec 23, 2025Oct 25, 2025

Financials & KPIs

Ganesh Consumer Products IPO P/E ratio is 33.06, as compared to Indiqube Spaces IPO P/E ratio of .

 Ganesh Consumer Products IPOIndiqube Spaces IPO
Financials

Company Financials (Restated)

Ganesh Consumer Products Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 31% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets341.74308.64343.30
Total Income855.16765.26614.78
Profit After Tax35.4326.9927.10
EBITDA73.2463.3556.14
NET Worth224.13218.65201.62
Reserves and Surplus190.47184.98167.95
Total Borrowing50.0038.2986.13
Amount in ₹ Crore

Company Financials (Restated)

Indiqube Spaces Ltd.'s revenue increased by 27% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets4,685.123,667.912,969.32
Total Income1,102.93867.66601.28
Profit After Tax-139.62-341.51-198.11
EBITDA660.19263.42258.23
NET Worth-3.11130.63-308.10
Reserves and Surplus-23.30129.44-308.28
Total Borrowing343.96164.02623.16
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)75.370.37
Promoter Shareholding (Post-Issue)64.0760.23
P/E Ratio33.06
Market Cap₹1301.22 Cr.₹4977.12 Cr.
ROE15.81%-2.19%
ROCE19.81%34.21%
Debt/Equity0.22-110.58
EPS₹9.74₹-7.65
RoNW15.81%

Shares Offered

In the Ganesh Consumer Products IPO Retail Individual Investors (RII) are offered 44,32,591 shares while in Indiqube Spaces IPO retail investors are offered 44,32,591 shares. Qualified Institutional Buyers (QIB) are offered 25,32,909 shares in Ganesh Consumer Products IPO and 88,41,773 shares in Indiqube Spaces IPO.

 Ganesh Consumer Products IPOIndiqube Spaces IPO
Anchor Investor Reservation37,99,362 shares1,32,62,658 shares
Market Maker Reservation0 shares0 shares
QIB25,32,909 shares88,41,773 shares
NII18,99,682 shares44,20,885 shares
RII44,32,591 shares29,47,257 shares
Employee34,246 shares69,767 shares
Others
Total1,26,98,790 shares2,95,42,340 shares

Bids Received (Subscription)

Ganesh Consumer Products IPO subscribed 2.68x in total, whereas Indiqube Spaces IPO subscribed 13.00x.

 Ganesh Consumer Products IPOIndiqube Spaces IPO
QIB (times)4.03x15.12x
NII (times)4.41x8.68x
Big NII (times)5.73x8.35x
Small NII (times)1.77x9.34x
RII (times)1.17x13.28x
Employee (times)2.14x6.95x
Other (times)
Total (times)2.68x13.00x

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Ganesh Consumer Products IPO Vs Indiqube Spaces IPO