Ganesh Consumer Products was incorporated on March 9, 2000. The company is a leading FMCG brand in East India, holding significant market shares in packaged wheat flour products, and is one of the top two players for sattu and besan. It is also expanding its presence in spices and ethnic snacks
| Bidding Dates |
|---|
| 22 Sep 2025 - 24 Sep 2025 |
| Subscription |
|---|
| 2.67x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,076 | 1 | 13 | 46 | 12.7 M | ₹306 - ₹322 | 64.08 % | ₹3884.9 M - ₹4088.0 M | RHP DOC |
Ganesh Consumer Products IPO SUBSCRIPTION STATUS
24 Sep '25Ganesh Consumer Products IPO overall subscription rate was 2.67 times the total available shares
Ganesh Consumer Products IPO retail subscription rate was 1.15 times in the retail segment
Ganesh Consumer Products IPO non-institutional investor subscription rate was 4.34 times in the non-institutional investor category
Ganesh Consumer Products IPO Qualified Institutional Bidder subscription rate was 4.18 times the available shares for Qualified Institutional Bidder
Ganesh Consumer Products IPO Employees subscription rate was 2.03 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
24 Sep 2025 (Day 3) | 1.15x | 4.34x | 4.18x | 2.03x |
23 Sep 2025 (Day 2) | 0.43x | 0.23x | 0.51x | 1.06x |
22 Sep 2025 (Day 1) | 0.2x | 0.06x | 0x | 0.39x |
Ganesh Consumer Products FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 850.5 | 35.4 | 46.1 | 44.3 | 8.6% |
| FY24 | 759.1 | 27.0 | 88.5 | 85.9 | 8.4% |
| FY23 | 610.8 | 27.1 | -13.1 | -15.6 | 9.2% |
Ganesh Consumer Products IPO SUBSCRIPTION STATUS DETAILS
Ganesh Consumer Products had 12.7 M shares on offer
Ganesh Consumer Products IPO offer price was in the range ₹306 - ₹322
Ganesh Consumer Products IPO minimum Investment was ₹14076
Ganesh Consumer Products IPO issue size was ₹ 3884.9 M - ₹ 4088.0 M
Ganesh Consumer Products had a minimum lot size of 46 Shares per application
Ganesh Consumer Products NUMBER OF SHARES ON OFFER
Ganesh Consumer Products IPO IMPORTANT DATES
| Issue Open Date | 22 Sep 2025 |
| Issue close Date | 24 Sep 2025 |
| Allotment Date | 25 Sep 2025 |
| Refund Date | 26 Sep 2025 |
| Demat Account Credit Date | 26 Sep 2025 |
| Listing Date | 29 Sep 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Ganesh Consumer Products Allotment Status | Exchange/ Registrar |
Ganesh Consumer Products IPO subscription opened on 22 Sep 2025, and closed on 24 Sep 2025
IPO allotment for Ganesh Consumer Products was finalized on Thursday, 25 Sep 2025
IPO listing for Ganesh Consumer Products was on NSE and BSE on Monday, 29 Sep 2025
Ganesh Consumer Products IPO LISTING GAINS
| Issue Price (adjusted) | 322.0 |
| Listing Open Price | 296.1 |
| Listing Close Price | 294.3 |
| Listing Gain% | -8.1% |
| Current Gain% | -49.8% |
Ganesh Consumer Products Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ganesh Consumer Products Ltd. | 161.8 | 653.8 | 14.4 | 0.3 | 0.8 | 11.4 | 9.4 | 876.9 | 2.5 | 42.4 | 19.6 | 11.2 | 43.9 |
| Nestle India Ltd. | 1540 | 296960.4 | 77.9 | 3.4 | 12.2 | 67.8 | 26.5 | 23195 | 14.5 | 3499.1 | 9.1 | 19.8 | 22.6 |
| Britannia Industries Ltd. | 5510 | 132718.4 | 51 | 2.7 | 6.8 | 49.6 | 26 | 19375.6 | 6.6 | 2533.5 | 16.3 | 108.1 | 18.7 |
| Hatsun Agro Products Ltd. | 941.1 | 20962.9 | 56.3 | 2.5 | 2 | 18.3 | 8 | 9972.9 | 14.8 | 356.2 | 24.8 | 16.7 | 22.9 |
| Zydus Wellness Ltd. | 533.8 | 16985 | 90.2 | -2.1 | 3.7 | 3.4 | 1.9 | 3967.4 | 45.7 | 197.2 | -43.2 | 5.9 | -42.5 |
| Bikaji Foods International Ltd. | 623.5 | 15633.4 | 60.5 | 2.2 | 5.1 | 16.1 | 11.5 | 3045.3 | 14.7 | 258.3 | 28.6 | 10.3 | 27.9 |
Ganesh Consumer Products INFORMATION ON IPO ISSUE
About Ganesh Consumer Products
Ganesh Consumer Products was incorporated on March 9, 2000. The company is a leading FMCG brand in East India, holding significant market shares in packaged wheat flour products, and is one of the top two players for sattu and besan. It is also expanding its presence in spices and ethnic snacks
Object of the Issue
- Prepayment and/or repayment of all or a portion of certain outstanding borrowings availed by the company
- Funding capital expenditure for the setting up of a roasted gram flour and gram flour manufacturing unit in Darjeeling, West Bengal
- General corporate purposes
Ganesh Consumer Products - PROMOTERS
| Name |
|---|
| Purushottam Das Mimani |
| Manish Mimani |
| Madhu Mimani |
| Srivaru Agro Private Limited |
| Manish Mimani (HUF) |
Ganesh Consumer Products - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Manish Mimani | Chairperson & Managing Director |
| Madhu Mimani | Non-Executive Director |
| Rohit Brijmohan Mantri | Nominee Director |
| Sunil Rewachand Chandiramani | Independent Director |
| Ganesh Shenoy Basavanagudi | Independent Director |
| Richa Manoj Goyal | Independent Director |
Ganesh Consumer Products Book Running Lead Manager
DAM Capital Advisors Limited
ganesh.ipo@damcapital.in
IIFL Capital Services Limited
ganeshgrains.ipo@iiflcap.com
Motilal Oswal Investment Advisors Limited
ganeshconsumer.ipo@motilaloswal.com
Ganesh Consumer Products Registrar to the Offer
Link Intime India Private Limited
ganeshconsumer.ipo@linkintime.co.in
Ganesh Consumer Products Strengths
Multichannel distribution network
Over the years, the company has built a diverse multichannel customer and distributor network, including general trade, modern trade, and e-commerce channels for its B2C operations
Geographical presence
The company operates seven manufacturing facilities in Kolkata (West Bengal), Varanasi (Uttar Pradesh), Agra (Uttar Pradesh), and Hyderabad (Telangana), strategically located to optimise raw material sourcing and logistics management
Largest packaged flour brand in East India
The company is East India's largest brand of wheat-based and gram-based derivatives, holding approximately 13% of the East India market share for packaged wheat and gram-based products in FY24 (Source: Technopak Report)
Ganesh Consumer Products Risks
Geographically concentrated
The company's product sales are concentrated in East India, particularly West Bengal. Any adverse developments in this region could negatively impact its business, financial condition, operations, and cash flows
Handling & contamination risks
Improper handling, processing, or storage of raw materials or products, spoilage, or contamination could lead to regulatory and legal action, harm the company's reputation, and negatively impact its business, operations, and financial condition
Brand & reputation risks
The company relies on the strength of its brand and reputation. Failure to maintain or enhance its brand could lead to reduced sales, negatively impacting business operations
IPO FAQs
This IPO consists of an offer for sale of up to Rs 278.8 crore, of 8,658,333 shares. It also consists of a fresh issue of Rs 130.0 crore.
The promoters of the company are Purushottam Das Mimani, Manish Mimani, Madhu Mimani, Srivaru Agro Private Limited and Manish Mimani (HUF).
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 306.0 - 322.0.
The IPO application opens on Sep 22, 2025 and closes on Sep 24, 2025.
The minimum lot size for the IPO is 46. The maximum lot size for the IPO is 598.
For all category investors, the minimum application amount for this IPO is Rs. 14,076.0, the maximum value for this IPO is Rs 192,556.0.
This IPO will be allotted on Sep 25, 2025.
The refund will be credited to your account on Sep 26, 2025.
The allotted shares will be credited to your demat on Sep 26, 2025.
Ganesh Consumer Products Ltd.’s shares listed on the stock exchanges on Sep 29, 2025.