Ganesh Consumer Products
September 22, 2025 – September 24, 2025
| Price | ₹306 - ₹322 |
| GMP Rumors * | ₹-9 |
|---|---|
| Lot size | 46 |
| Allotment | Sep 25, 2025 |
| Listing | Sep 29, 2025 |
Ganesh Consumer Products Subscription
Last updated on 24-Sep-2025 17:06:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 2531315 | 10188678 | 4.03 |
| HNIs | 1899203 | 8375910 | 4.41 |
| HNIs 10+ | 1266135 | 7258386 | 5.73 |
| HNIs 2+ | 633068 | 1117524 | 1.77 |
| Retail | 4431474 | 5164972 | 1.17 |
| Employees | 34247 | 73416 | 2.14 |
| Total | 8896239 | 23802976 | 2.68 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 1966 | 774 | 0.39 |
| HNIs (2-10L) | 983 | 1647 | 1.68 |
| Retail | 96336 | 76247 | 0.79 |
| Employee | - | 1013 | - |
| Total Applications: 79681 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 81.51 | 328.08 | 4.03 |
| FIIs | - | 236.26 | - |
| DIIs | - | 25 | - |
| Mutual funds | - | 0 | - |
| Others | - | 66.81 | - |
| HNIs | 61.15 | 269.7 | 4.41 |
| HNIs 10+ | 40.77 | 233.72 | 5.73 |
| HNIs 2+ | 20.38 | 35.98 | 1.77 |
| Retail | 142.69 | 166.31 | 1.17 |
| Employees | 1.1 | 2.36 | 2.14 |
| Total | 286.46 | 766.46 | 2.68 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹1.7 | @8% ₹2 | @9% ₹2.2 | @10% ₹2.5 | @11% ₹2.7 | @12% ₹3 |
Ganesh Consumer Products Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 46 | 14812 | 96336 |
| sHNI | 14 | 644 | 207368 | 983 |
| bHNI | 68 | 3128 | 1007216 | 1966 |
Ganesh Consumer Products Reservation
| Category | Shares Offered | % |
|---|---|---|
| Anchor | 3799362 | 29.93% |
| QIB | 2531315 | 19.94% |
| HNI | 1899203 | 14.96% |
| Retail | 4431474 | 34.91% |
| Employee | 34247 | 0.27% |
| Total | 12695601 | 100% |
Ganesh Consumer Products About
Ganesh Consumer Products IPO Details
| Total Issue Size | 1,26,95,600 shares (aggregating up to ₹408.80 Cr) |
| Fresh Issue | 40,37,267 shares (aggregating up to ₹130.00 Cr) |
| Offer for Sale | 86,58,333 shares of ₹10 (aggregating up to ₹278.8 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,63,73,259 shares |
| Share Holding Post Issue | 4,04,10,526 shares |
Key Performance Indicators (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 15.81% | 12.68% | 14.21% |
| ROCE | 19.81% | 16.73% | 14.96% |
| RONW | 15.81% | 12.35% | 13.44% |
| EPS (basic) | 9.74 | 7.42 | 7.45 |
| P/E Pre IPO | 33.06 | ||
| P/E Post IPO | 36.72 |
Company Financials In Crores
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 341.74 | 308.64 | 343.3 |
| Total Income | 855.16 | 765.26 | 614.78 |
| Profit After Tax | 35.43 | 26.99 | 27.1 |
| 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 | 38.29 | 86.13 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Ganesh Consumer Products Limited | - | - | 10 |
| Patanjali Foods Limited | 50.15 | 1,802.25 | 2 |
| AWL Agri Business Limited (formerly known as Adani Wilmar Limited) | 27.15 | 256.30 | 1 |
Peer Comparision (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Ganesh Consumer Products Limited | 61.62 | 15.81 | 9.74 |
| Patanjali Foods Limited | 300.36 | 11.96 | 35.94 |
| AWL Agri Business Limited (formerly known as Adani Wilmar Limited) | 71.91 | 13.12 | 9.44 |
About Company
Incorporated: 2000
Headquarters: Kolkata, West Bengal
Business: FMCG company and leading brand of wheat-based derivatives (maida, sooji, dalia) in East India.
Product Portfolio:
Atta (Whole Wheat Flour): Sharbati, White, Multigrain, Diabetes Control, Gluten-Free.
Value-Added Flours: Bakery Maida, Tandoori Atta, Rumali Atta.
Roasted Gram Products (Sattu): Multigrain, Sweet, Jaljeera, Chocolate.
Spices: Turmeric, Chilli, Coriander, Cumin, blended spices.
Ethnic Snacks & Flours: Singhara, Bajri flour, packaged mixes.
Expansion: 11 new products & 94 SKUs launched in the last 3 years.
Revenue Mix (as of June 30, 2024):
B2C: 77.63% (retail)
B2B & Others: FMCG companies, HoReCa, small retailers, wheat bran (by-product).
Distribution Network (as of Sept 30, 2024):
26 C&F agents
8 super stockists
900 distributors
Reach: 70,000+ retail outlets across West Bengal, Jharkhand, Bihar, Odisha, Assam.
IPO Objects:
Repayment of borrowings – ₹60 Cr.
Capex for roasted gram & gram flour unit (Darjeeling, WB) – ₹45 Cr.
General corporate purposes.
Strength
Market Leadership in East India – Largest packaged flour brand in the region with strong brand equity.
Diversified & Expanding Product Portfolio – Flour, sattu, spices, instant mixes, snacks driving growth.
Robust Distribution Network – Multi-channel reach through 26 C&F agents, 900 distributors, and 70,000+ outlets.
Weakness
Raw Material Dependency & Price Volatility – Reliance on wheat & gram; supply disruptions or cost increases directly affect margins.
Regulatory Risks – Procurement & stocking prices linked to Government of India guidelines; any changes can impact operations.
Revenue Concentration Risk – Substantial revenues depend on atta & gram-based flour products; decline in demand could impact business.
Ganesh Consumer Products Lead Manager(s)
Ganesh Consumer Products Address
88,
Burtolla
Street
Kolkata, West Bengal, 700007
Phone: +9133 4015 7900
Email: info@ganeshconsumer.com
Website: http://www.ganeshconsumer.com/
Ganesh Consumer Products Registrar
MUFG Intime India Private Limited (Link Intime)
Link Intime India Private Ltd
C 101, 247 Park,
L.B.S.Marg Vikhroli (West),
Mumbai - 400083
Ganesh Consumer Products Reviewers
| Reviewer | Recommendation | File |
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