Ganesh Consumer Products IPO: Issue subscribed 41% on day 2, check other key updates

Ganesh Consumer Products IPO: The initial public offering (IPO) of Ganesh Consumer Products Ltd concluded its second day of public bidding today, September 23, with the issue subscribed 41 per cent, as per provisional exchange data. The Kolkata-based company aims to raise Rs 408.80 crores from the public offering.

Ganesh Consumer Products subscription status:

Investors bid for 36.76 lakh shares out of 89.12 lakh shares on offer. Out of which, Non Institutional Investors (NIIs) portion subscribed 0.23 times, Retail Individual Investors (RIIs) portion subscribed 0.43 times, and the Qualified Institutional Buyers(QIBs) portion subscribed 0.51 times.

In simpler terms, QIBs received bids for 12.50 lakh shares out of the allotted 24.38 lakh shares, NIIs bid for 4.34 lakh shares out of 19.31 lakh shares allotted and RIIs portion bid for 19.53 lakh shares out of 45.05 lakh shares reserved.

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Ganesh Consumer Products IPO details:

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 utilise 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

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

Allotment date: September 25, 2025

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

Company profile:

Ganesh Consumer Products is an FMCG company founded in 1936. It specialises in food grain flours and operates 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.