Ganesh Consumer Products IPO Details

Bookbuilding IPO | ₹409 Cr | Listed at BSE, NSE | Mon, Sep 22, 2025 - Wed, Sep 24, 2025

Ganesh Consumer Products IPO Logo

Ganesh Consumer Products IPO is a book build issue of ₹408.80 crores. The issue is a combination of fresh issue of 0.40 crore shares aggregating to ₹130.05 crores and offer for sale of 0.87 crore shares aggregating to ₹278.75 crores.

Ganesh Consumer Products IPO bidding started from Sep 22, 2025 and ended on Sep 24, 2025. The allotment for Ganesh Consumer Products IPO was finalized on Sep 25, 2025. The shares got listed on BSE, NSE on Sep 29, 2025.

Ganesh Consumer Products IPO price band is set at ₹322 per share. The lot size for an application is 46. The minimum amount of investment required by an retail is ₹14,812 (46 shares) (based on upper price). The lot size investment for sNII is 14 lots (644 shares), amounting to ₹2,07,368, and for bNII, it is 68 lots (3,128 shares), amounting to ₹10,07,216.

The issue includes a reservation of up to 34,246 shares for employees offered at a discount of ₹30.00 to the issue price.

Dam Capital Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.

Refer to Ganesh Consumer Products IPO RHP for detailed Information.

IPO Open

Mon, Sep 22, 2025

IPO Close

Wed, Sep 24, 2025

Issue Price

₹322 per share

Market Cap (Pre-IPO)

₹1,301.22 Cr

IPO Details

IPO Date22 to 24 Sep, 2025
Listed onMon, Sep 29, 2025
Face Value10 per share
Price Band₹306 to ₹322
Issue Price₹322 per share
Lot Size46 Shares
Sale TypeFresh capital cum OFS
Issue TypeBookbuilding IPO
Listing AtBSE, NSE
Employee Discount30.00

Total Issue Size1,26,98,020 shares
(agg. up to ₹409 Cr)
Fresh Issue 40,39,687 shares
(agg. up to ₹130 Cr)
Offer for Sale86,58,333 shares of ₹10
(agg. up to ₹279 Cr)
Share Holding Pre Issue3,63,73,259 shares
Share Holding Post Issue4,04,12,946 shares
BSE Script Code / NSE Symbol544528 / GANESHCP
ISININE652V01016

IPO Timetable

IPO Reservation

Ganesh Consumer Products IPO offers total 1,26,98,790 shares. Out of which 63,32,271 (49.87%) allocated to QIB, 25,32,909 (19.95%) allocated to QIB (Ex- Anchor), 18,99,682 (14.96%) allocated to NII 44,32,591 (34.91%) allocated to RII and 37,99,362 (29.92%) allocated to Anchor investors.

Investor Category Shares Offered Max Allottees
QIB Shares Offered 63,32,271 (49.87%)NA
  − Anchor Investor Shares Offered 37,99,362 (29.92%)NA
  − QIB (Ex. Anchor) Shares Offered 25,32,909 (19.95%)NA
NII (HNI) Shares Offered 18,99,682 (14.96%)NA
  − bNII > ₹10L 12,66,455 (9.97%)1,966
  − sNII < ₹10L 6,33,227 (4.99%)983
Retail Shares Offered 44,32,591 (34.91%)96,360
Employee Shares Offered 34,246 (0.27%)NA
Total Shares Offered1,26,98,790 (100.00%)

IPO Lot Size

Investors can bid for a minimum of 46 shares and in multiples thereof. 

Application Lots Shares Amount
Retail (Min) 1 46 ₹14,812
Retail (Max) 13 598 ₹1,92,556
S-HNI (Min) 14 644 ₹2,07,368
S-HNI (Max) 67 3,082 ₹9,92,404
B-HNI (Min) 68 3,128 ₹10,07,216
IPO Subscription Details

IPO Anchor Investors

Ganesh Consumer Products IPO raises ₹122.34 crore from anchor investors. Ganesh Consumer Products IPO Anchor bid date is September 19, 2025.
📝 Anchor Investors Letter (PDF)

Bid DateFri, Sep 19, 2025
Shares Offered37,99,362
Anchor Portion (₹ Cr.)122.34
Anchor lock-in period end date for 50% shares (30 Days)Fri, Oct 24, 2025
Anchor lock-in period end date for remaining shares (90 Days)Tue, Dec 23, 2025

Investor Category Reservations

Application CategoryMaximum Bidding LimitsBidding at Cut-off Price Allowed
Only RII Up to Rs 2 Lakhs Yes
Only sNII Rs 2 Lakhs to Rs 10 Lakhs No
Only bNII Rs 10 Lakhs to NII Reservation Portion No
Only employee Up to Rs 5 Lakhs Yes
Employee + RII/NII
  • Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs)
  • If applying as RII: Upto Rs. 2 lakhs
  • If applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs
Yes for Employee and RII/NII

About Ganesh Consumer Products Ltd.

Incorporated in 2000, Ganesh Consumer Products Limited is a FMCG company. Headquartered in Kolkata, West Bengal, the company is the brand of wheat-based derivatives (maida, sooji, dalia) in East India.

The company offers a range of consumer staples, including whole wheat flour, value-added flour products (maida, sooji, besan), packaged instant food mixes, spices, ethnic snacks, and ethnic flours like singhara and bajri flour.

The company’s flagship brand, “Ganesh,” offers a wide range of products across multiple segments. Over the past three years, they launched 11 products and 94 SKUs, including spices, ethnic snacks, and sattu variants.
The company’s B2C operations drive 76.98% of revenues in Fiscal 2025. Other operations include B2B sales to FMCG companies, HoReCa businesses, small retailers, and by-product sales like wheat bran for cattle feed.
The company services its general trade channel through 28 C&F agents, 9 super stockists and 972 distributors. As on March 31, 2025, the product portfolio comprises of 42 products with 232 SKUs across our various product categories.
Product Portfolio:
  • Whole Wheat Flour (Atta): Sharbati Atta, White Atta, Multigrain Atta, Diabetes Control Atta, Gluten Free Atta are product variants.
  • Wheat and Gram based value added flours: Bakery Maida, Super Fine Maida, Tandoori Atta, Rumali Atta are product variants.
  • Roasted Gram Flour: Multigrain Sattu, Sweet Sattu, Jaljeera Sattu, Chocolate Sattu are product variants.
  • Spices: Turmeric Powder, Chilli Powder, Corriander Whole and Powder, Cumin Whole and Powder, Various Blended Spices are product variants.

As of March 31, 2025 the company has 206 permanent employees.

Competitive Strengths:
  • Largest brand of packaged flour in East India
  • Diversified and continuously expanding product portfolio
  • Well-established and widespread multichannel distributor network and customer reach
  • Strategically located advanced manufacturing facilities with stringent quality standards
  • Visionary Promoter assisted with an experienced management team
  • Track record of healthy financial performance

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

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Prepayment and/or repayment of all or a portion of certain outstanding borrowings availed by the Company 60.00
2 Funding capital expenditure for the setting up of a roasted gram flour and gram flour manufacturing unit in Darjeeling, West Bengal; and 45.00
3 General corporate purposes 14.20

Key Performance Indicator (KPI)

Pre IPOPost IPO
EPS (₹)9.748.77
P/E (x)33.0636.72
Promoter Holding75.3%64.07%
Market Cap1,301.22 Cr.
Purushottam Das Mimani, Manish Mimani, Madhu Mimani, Manish Mimani (HUF) and Srivaru Agro Private Limited are the promoters of the company.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 available in RHP.

IPO Review

[Dilip Davda]
GCPL is eastern region centric FMCG company enjoying third largest brand in packaged wheat products. It marked steady growth in its top lines for the reported periods. After static bottom lines for FY23 and FY24, it marked improved earnings for FY25. The company is operating in a highly competitive and fragmented segment. Based on its recent financial data, the issue appears fully priced. The company is operating in a high volume/low margin segment. Well-informed investors may park moderate funds for long term.
Read detail review...

Ganesh Consumer Products IPO Recommendations

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Brokers9010
Members1010

Ganesh Consumer Products IPO Subscription Status (Bidding Detail)

The Ganesh Consumer Products IPO is subscribed 2.68 times on September 24, 2025 5:03:40 PM (Day 3). The public issue subscribed 1.17 times in the retail category, 4.03 times in the QIB category, and 4.41 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category Subscription (times) Shares Offered Shares bid for
QIB (Ex Anchor)4.0325,31,3151,01,88,678
NII4.4118,99,20383,75,910
    bNII (bids above ₹10L)5.7312,66,13572,58,386
    sNII (bids below ₹10L)1.776,33,06811,17,524
Retail1.1744,31,47451,93,630
Employee2.1434,24773,416
Total2.6888,96,2392,38,31,634

Total Application : 79,615

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission, as applicable 10.90
2 Commission / processing fee for SCSBs, Bankers to the Offer and fee payable to the Sponsor Bank for Bids made by RIBs. Brokerage, underwriting commission and selling commission and bidding charges for members of the Syndicate, Registered Brokers, RTAs and CDPs 1.35
3 Fees payable to Registrar to the Offer 0.04
4 Advertising and marketing expenses 9.41
5 Fee payable to auditors, consultants and market research firms 2.00
6 Listingfees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses; 3.50
7 Printing and distribution of stationery 0.72
8 Fees payable to legal counsel 3.68
9 Miscellaneous 2.35

Listing Day Trading Information

Price DetailsBSENSE
Final Issue Price322.00322.00
Open295.00296.05
Low291.50291.65
High308.90308.70
Last Trade293.95294.30

Check IPO Performance…

IPO Registrar

MUFG Intime India Pvt.Ltd.

Contact Details

Ganesh Consumer Products Ltd. Address
88,
Burtolla
Street
Kolkata, West Bengal, 700007
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IPO FAQs

Ganesh Consumer Products IPO is a main-board IPO of 1,26,98,020 equity shares of the face value of ₹10 aggregating up to ₹409 Crores. The issue is priced at ₹322 per share. The minimum order quantity is 46.

The IPO opens on Mon, Sep 22, 2025, and closes on Wed, Sep 24, 2025.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Ganesh Consumer Products IPO using UPI as a payment gateway. Zerodha customers can apply in Ganesh Consumer Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Ganesh Consumer Products IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Ganesh Consumer Products IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Ganesh Consumer Products IPO opens on Mon, Sep 22, 2025 and closes on Wed, Sep 24, 2025.

Ganesh Consumer Products IPO lot size is 46, and the minimum amount required for application is ₹14,812.

You can apply in Ganesh Consumer Products IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Ganesh Consumer Products IPO will be done on Thursday, September 25, 2025, and the allotted shares will be credited to your demat account by Fri, Sep 26, 2025. Check the Ganesh Consumer Products IPO allotment status.

The Ganesh Consumer Products IPO listing date is on Mon, Sep 29, 2025.

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