Ganesh Consumer Products, a leading packaged food company in Eastern India, is launching its ₹409 crore IPO for investors between September 22 and 24.
The IPO allotment will be done on September 25, and the shares will be listed on the stock exchange on September 29.
The issue includes fresh shares worth ₹130 crore, while promoters and shareholders will sell ₹278.8 crore worth of shares through an Offer for Sale (OFS).
IPO Price Band and Issue Details
Price Band: ₹306–322 per share
Minimum Lot Size (Retail Investors): 46 shares
Minimum Investment (Upper Band): ₹14,812 for one lot
The issue is divided as follows:
50% reserved for Qualified Institutional Buyers (QIBs)
35% reserved for Retail Investors
15% reserved for Non-Institutional Investors (NIIs)
About Ganesh Consumer Products
Founded in 2000, the company is well known for its wheat-based products such as flour, semolina, and oatmeal.
It has since expanded to spices, instant mixes, snacks, and specialty flours.
The “Ganesh” brand is widely recognized in households across Eastern India.
Around 77% of revenue comes from B2C sales, while the rest comes from B2B, catering, and by-products.
By March 2025, the company’s distribution network will cover 28 C&F agents, 9 super stockists, and 972 distributors.
Financial Growth
FY 2025 Revenue: ₹855 crore (12% growth)
FY 2025 Net Profit: ₹35 crore (31% growth)
Anchor Investors Show Strong Interest
Before the IPO, the company raised ₹122 crore from anchor investors at ₹322 per share.
Domestic Investors: Ashish Kacholia-backed Bengal Finance and Shubham Ventures bought 5.89 lakh shares (31% of anchor investment).
Foreign Investors: Samsung India Small and Mid Cap Focus Securities Master Investment Trust (3.53 lakh shares), Samsung India Securities Master Investment Trust (2.35 lakh shares), along with LC Pharos, Citigroup Global Markets Mauritius, and Singularity Equity Fund I.
Other Domestic Funds: PGIM India Equity Growth Opportunities Fund Series II, Sansi Fund I, Cent Capital Fund, Rajasthan Global Securities, and Dovetail India Fund Class 6.
This strong participation reflects high confidence in the company’s growth prospects.
IPO Objectives
Funds from the fresh issue will be used for:
Debt repayment
Setting up a new manufacturing facility in Darjeeling (West Bengal)
Expanding the product portfolio and market reach
Grey Market Premium (GMP) Update
The IPO’s Grey Market Premium (GMP) is currently ₹10, which is about 3.1% higher than the issue price.
The highest GMP recorded so far has been ₹25.
Key Managers and Promoters
Lead Manager: DAM Capital Advisors Limited
Registrar: MUFG Intime India Private Limited
Promoters: Purushottam Das Mimani, Manish Mimani, Madhu Mimani, Manish Mimani (HUF), and Shrivaru Agro Pvt. Ltd.
