Ganesh Consumer Products IPO
Bookbuilding IPO | ₹409.00 Cr | Listing at BSE, NSE
IPO Open
Mon, Sep 22, 2025
IPO Close
Wed, Sep 24, 2025
Price Band
₹306.00 to ₹322.00
Market Cap (Pre-IPO)
₹1,301.22 Cr
IPO Details
| IPO Date | Sep 22, 2025 to Sep 24, 2025 |
| Listing Date | Sep 29, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹306.00 to ₹322.00 |
| Lot Size | 46 Shares (Minimum: ₹14,812.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹409.00 Crores |
| Total Shares Offered | 12,698,020 shares |
| Fresh Issue | 4,039,687 shares |
| Offer For Sale | 8,658,333 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 4.03x |
| NII | 4.41x |
| RII | 1.17x |
| Total | 2.68x |
Ganesh Consumer Products IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 63,32,271 (49.87%) |
| Retail Shares Offered | 44,32,591 (34.91%) |
| NII Shares Offered | 18,99,682 (14.96%) |
Ganesh Consumer Products 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 | ₹192,556 |
| S-HNI (Min) | 14 | 644 | ₹207,368 |
| S-HNI (Max) | 67 | 3,082 | ₹992,404 |
| B-HNI (Min) | 68 | 3,128 | ₹1,007,216 |
Ganesh Consumer Products Financial Information (Restated Consolidated)
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 341.74 | 308.64 | 343.30 |
| Total Income | 855.16 | 765.26 | 614.78 |
| Profit After Tax | 35.43 | 26.99 | 27.10 |
| EBITDA | 73.24 | 63.35 | 56.14 |
| NET Worth | 224.13 | 218.65 | 201.62 |
| Reserves and Surplus | 190.47 | 184.98 | 167.95 |
| Total Borrowing | 50.00 | 38.29 | 86.13 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 15.81% |
| ROCE (Return on Capital Employed) | 19.81% |
| Debt/Equity | 0.22 |
| RoNW (Return on Net Worth) | 15.81% |
| PAT Margin (Profit After Tax Margin) | 4.17% |
| EBITDA Margin | 8.61% |
| Price to Book Value | 5.23 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.74 | 8.77 |
| P/E (x) | 33.06 | 36.72 |
| Promoter Holding | 75.30% | 64.07% |
Company Promoters
- Purushottam Das Mimani
- Manish Mimani
- Madhu Mimani
- Manish Mimani (HUF) and Srivaru Agro Private Limited are the promoters of the company.
Company Overview
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.
Company 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
Use of Proceeds
| 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 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Ganesh Consumer Products IPO Peer Comparison
Ganesh Consumer Products peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Ganesh Consumer Products Limited | 9.74 | 9.74 | 61.62 | 0.00 | 15.81 | 0.00 | - |
| Patanjali Foods Limited | 35.94 | 35.94 | 300.36 | 50.15 | 11.96 | 6.01 | Consolidated |
| AWL Agri Business Limited | 9.44 | 9.44 | 71.91 | 27.15 | 13.12 | 3.61 | Consolidated |
Quick Info
| Sector | Fast-Moving Consumer Goods (FMCG) |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹1,301.22 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Sep 22, 2025 |
| IPO Close | Sep 24, 2025 |
| Allotment Date | Sep 25, 2025 |
| Credit to Demat | Sep 26, 2025 |
| Listing Date | Sep 29, 2025 |
Lead Manager(s)
Dam Capital Advisors Ltd.
Registrar
Description
- Ganesh Consumer Products Ltd. 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 ₹322.00 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.