Ganesh Consumer Products Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹306 - ₹322
- Lot size
- 46 shares
- Issue amount
- ₹408.8 cr
- Total subscription
- 2.04×
- Opens
- 22 Sept 2025
- Closes
- 24 Sept 2025
- Allotment
- 25 Sept 2025
- Listing
- 29 Sept 2025
Offer at a glance
Issue overview
- Issue size
- 1,26,95,600 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,076
- Fresh issue
- ₹130 cr
- Offer for sale
- ₹278.8 cr
- Registrar
- Link Intime India Private Ltd (MUFG)
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,812
- Issue type
- Bookbuilding IPO
- Shares before issue
- 3,63,73,259
- Shares after issue
- 4,04,10,526
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 46 | ₹14,812 |
| sHNI | 14 | 644 | ₹2,07,368 |
| bHNI | 68 | 3,128 | ₹10,07,216 |
Share reservation
Subscription & GMP
Subscription by category
Reported 24 Sept 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 96,336 | 67,038 |
| EMPLOYEES | 0 | 904 |
| HNIs(10L +) | 1,966 | 647 |
| HNIs (2-10L) | 983 | 1,212 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 81.51 | 230.93 |
| FIIs | 0 | 174.14 |
| Others | 0 | 56.78 |
| RETAIL | 142.69 | 118.05 |
| HNIs 2+ | 20.38 | 26.75 |
| HNIs 10+ | 40.77 | 206.8 |
| EMPLOYEES | 1.1 | 2.11 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 9.74 | 7.42 | 7.45 |
| ROE | 15.81 | 12.68 | 14.21 |
| ROCE | 19.81 | 16.73 | 14.96 |
| RONW | 15.81 | 12.35 | 13.44 |
| PRE IPO(PE) | 33.06 | 0 | 0 |
| POST IPO(PE) | 36.72 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Patanjali Foods Limited | 50.15 | 1,802.25 | 2 | 300.36 | 11.96 | 35.94 |
| Ganesh Consumer Products Limited | NA | NA | 10 | 61.62 | 15.81 | 9.74 |
| AWL Agri Business Limited (formerly known as Adani Wilmar Limited) | 27.15 | 256.30 | 1 | 71.91 | 13.12 | 9.44 |
Company information
Company profile
Ganesh Consumer Products Limited, incorporated in 2000 and headquartered in Kolkata, West Bengal, is an FMCG company known as a leading brand of wheat-based derivatives such as maida, sooji, and dalia in East India. The company offers a wide range of consumer staples, including whole wheat flour, value-added flour products like maida, sooji, and besan, along with packaged instant food mixes, spices, ethnic snacks, and specialty flours such as singhara and bajri. Its flagship brand “Ganesh” spans multiple product segments, and in the past three years alone, the company has introduced 11 products and 94 SKUs, covering spices, ethnic snacks, and sattu variants. A significant portion of its revenues, 76.98% in Fiscal 2025, comes from B2C operations, while other revenue streams include B2B sales to FMCG companies, HoReCa businesses, small retailers, and by-products like wheat bran used as cattle feed. The company distributes its products through a robust network consisting of 28 C&F agents, 9 super stockists, and 972 distributors, managing a diverse portfolio of 42 products with 232 SKUs as of March 31, 2025. Its offerings include whole wheat flour variants such as Sharbati Atta, White Atta, Multigrain Atta, Diabetes Control Atta, and Gluten Free Atta; wheat and gram-based flours like Bakery Maida, Super Fine Maida, Tandoori Atta, and Rumali Atta; roasted gram flour products such as Multigrain Sattu, Sweet Sattu, Jaljeera Sattu, and Chocolate Sattu; as well as spices including turmeric, chilli, coriander, cumin, and various blended mixes. As of March 31, 2025, the company employs 206 permanent staff.
Strengths
- Regional Market Leader – Dominant packaged flour brand in East India with strong brand recognition.
- Expanding Product Range – Portfolio includes flour, sattu, spices, instant mixes, and snacks, fueling diversified growth.
- Extensive Distribution Network – Wide multi-channel presence with 26 C&F agents, 900 distributors, and access to 70,000+ retail outlets.
Risk factors
- Raw Material Volatility – Strong dependence on wheat and gram; disruptions in supply or rising prices could significantly impact margins.
- Regulatory & Policy Risks – Procurement and stocking practices are linked to government guidelines; any unfavorable changes may hinder operations.
- Product Concentration Risk – Heavy reliance on atta and gram-based flour; decline in demand for these products may affect revenue and growth.
Promoters
Purushottam Das Mimani
Manish Mimani
Madhu Mimani
Manish Mimani
Srivaru Agro Private Limited
Registrar & documents
Lead manager
Dam Capital Advisors Limited, IIFL Capital Services Limited, Motilal Oswal Investment Advisors Limited
Registrar & contacts
Link Intime India Private Ltd (MUFG)
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
88, Burtolla Street Kolkata, West Bengal, 700007
+9133 4015 7900
[email protected]Company website ↗Understanding GANESHCP IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.