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Ganesh Consumer Products IPO: Ganesh Consumer Products launched its initial public offering (IPO) today, September 22. The IPO has witnessed a slow start, with the issue subscribed 10 per cent so far on the first day of bidding, as per provisional exchange data.

As of 4:30 pm, Investors have bid for 8.65 lakh shares out of 89.12 lakh shares offered. Out of which, Non Institutional Investors (NIIs) portion received bids for 73,048 shares out of 19.31 lakh shares allotted, Retail Individual Investors (RIIs) portion bid for 7.79 lakh shares out of 45.05 lakh shares reserved. The Qualified Institutional Buyers(QIBs) portion is yet to receive bids for the allotted 24.38 lakh shares.

Specifically, NIIs subscribed 0.04 times while RIIs subscribed 0.17 times.

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The IPO is a book-built issue of Rs 408.80 crores, comprising a fresh issue of Rs 130 crores and an Offer for Sale (OFS) of Rs 278.80 crores. The company plans to use the IPO proceeds for debt repayment, funding capital expenditure for setting up a roasted gram flour manufacturing unit in Darjeeling and for general corporate purposes.

Price band: Rs 306 to Rs 322 apiece

Subscription period: September 22 to September 24

Listing date: September 29, 2025, on BSE and NSE

Allotment date: September 25, 2025

Lot size: Minimum bid of 46 shares, amounting to Rs 14,812 at the upper price band

Founded in 1936, Ganesh Consumer Products is a Kolkata-based FMCG company specialising in food grain flours, operating primarily in East India. The company manufactures wheat-based products along with spices, food mixes, and snacks.

Financially, the company reported revenue of Rs 855.16 crore in FY 2025 and profit after tax (PAT) of Rs 35.43 crore.

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Currently working as a trainee Sub-Editor at Zee Business, Shristi Rani is passionate about storytelling and delivering content that engages diverse audiences across digital platforms.

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