Ganesh Consumer Products Limited has announced the price band of ₹306 to ₹322 per equity share of face value ₹10 each for its forthcoming initial public offer (IPO).
Mumbai: Ganesh Consumer Products Limited has announced the price band of ₹306 to ₹322 per equity share of face value ₹10 each for its forthcoming initial public offer (IPO). The issue will open for subscription on Monday, September 22, 2025, and close on Wednesday, September 24, 2025. Investors can bid for a minimum of 46 equity shares and in multiples of 46 thereafter.
The IPO comprises a fresh issue aggregating ₹130 crore and an offer for sale of 86,58,333 equity shares. As of date, the company has 3.63 crore equity shares outstanding.
According to the red herring prospectus filed on September 16, 2025, the company intends to utilise ₹600 million from the fresh issue proceeds for prepayment or repayment of borrowings, ₹450 million for capital expenditure towards setting up a roasted gram flour and gram flour manufacturing unit in Darjeeling, West Bengal, and the balance for general corporate purposes.
Headquartered in Kolkata, Ganesh Consumer Products is a fast-moving consumer goods (FMCG) company with a strong presence in the eastern Indian market. Based on a Technopak Report, in Fiscal 2025 the company ranked as the third-largest brand in packaged whole wheat flour (atta) and the leading brand in wheat-based derivatives like maida, sooji and dalia in east India. It also holds a 43.4% share in packaged sattu and a 4.9% share in packaged besan by value in the region, along with growing stakes in spices and ethnic snacks.
In West Bengal alone, the company commanded a 40.5% market share by value in wheat-based products during Fiscal 2025. Its omni-channel distribution network covers general trade, modern trade and e-commerce. As of March 31, 2025, it operated through 28 C&F agents, 9 super stockists and 972 distributors, with a product portfolio spanning 42 products and 232 SKUs.
The flagship “Ganesh” brand offers staples such as atta, maida, sooji, besan, dalia, sattu and specialty flours, along with emerging categories including instant food mixes, spices, snacks and ethnic flours. Over the last three years, the company launched 11 new products, including innovative variants like chocolate sattu and jal jeera sattu, expanding its SKU base by 94.
Ganesh Consumer Products reported revenue from operations of ₹850.46 crore in Fiscal 2025, compared to ₹610.75 crore in Fiscal 2023. Net profit rose to ₹35.4 crore in Fiscal 2025 from ₹27.1 crore in Fiscal 2023.
DAM Capital Advisors Ltd, IIFL Capital Services Ltd, and Motilal Oswal Investment Advisors are the book-running lead managers to the issue, while MUFG Intime India Private Limited is the registrar. The IPO is being made through the book-building process, with up to 50% of the net offer reserved for qualified institutional buyers, not more than 15% for non-institutional bidders, and at least 35% for retail investors.
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Mr. Manish Mimani, CMD Ganesh Consumer Products Limited's is addressing to the media at their IPO Price Band announcement, Mumbai. |
Mumbai: Ganesh Consumer Products Limited has announced the price band of ₹306 to ₹322 per equity share of face value ₹10 each for its forthcoming initial public offer (IPO). The issue will open for subscription on Monday, September 22, 2025, and close on Wednesday, September 24, 2025. Investors can bid for a minimum of 46 equity shares and in multiples of 46 thereafter.
The IPO comprises a fresh issue aggregating ₹130 crore and an offer for sale of 86,58,333 equity shares. As of date, the company has 3.63 crore equity shares outstanding.
According to the red herring prospectus filed on September 16, 2025, the company intends to utilise ₹600 million from the fresh issue proceeds for prepayment or repayment of borrowings, ₹450 million for capital expenditure towards setting up a roasted gram flour and gram flour manufacturing unit in Darjeeling, West Bengal, and the balance for general corporate purposes.
Headquartered in Kolkata, Ganesh Consumer Products is a fast-moving consumer goods (FMCG) company with a strong presence in the eastern Indian market. Based on a Technopak Report, in Fiscal 2025 the company ranked as the third-largest brand in packaged whole wheat flour (atta) and the leading brand in wheat-based derivatives like maida, sooji and dalia in east India. It also holds a 43.4% share in packaged sattu and a 4.9% share in packaged besan by value in the region, along with growing stakes in spices and ethnic snacks.
In West Bengal alone, the company commanded a 40.5% market share by value in wheat-based products during Fiscal 2025. Its omni-channel distribution network covers general trade, modern trade and e-commerce. As of March 31, 2025, it operated through 28 C&F agents, 9 super stockists and 972 distributors, with a product portfolio spanning 42 products and 232 SKUs.
The flagship “Ganesh” brand offers staples such as atta, maida, sooji, besan, dalia, sattu and specialty flours, along with emerging categories including instant food mixes, spices, snacks and ethnic flours. Over the last three years, the company launched 11 new products, including innovative variants like chocolate sattu and jal jeera sattu, expanding its SKU base by 94.
Ganesh Consumer Products reported revenue from operations of ₹850.46 crore in Fiscal 2025, compared to ₹610.75 crore in Fiscal 2023. Net profit rose to ₹35.4 crore in Fiscal 2025 from ₹27.1 crore in Fiscal 2023.
DAM Capital Advisors Ltd, IIFL Capital Services Ltd, and Motilal Oswal Investment Advisors are the book-running lead managers to the issue, while MUFG Intime India Private Limited is the registrar. The IPO is being made through the book-building process, with up to 50% of the net offer reserved for qualified institutional buyers, not more than 15% for non-institutional bidders, and at least 35% for retail investors.
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