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Ganesh Consumer Products IPO is a bookbuilt issue of ₹408.80 crore. It combines a fresh issue of 0.40 crore shares aggregating to ₹130.00 crore and an offer for sale of 0.87 crore shares aggregating to ₹278.80 crore.
The IPO opens for subscription on September 22, 2025, and closes on September 24, 2025. The allotment is expected to be finalized on Thursday, September 25, 2025. The price band for the IPO is set at ₹306 to ₹322 per share, and the minimum lot size for an application is 46 shares.
Company Summary
Incorporated in 2000, Ganesh Consumer Products Limited is an 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 of March 31, 2025, the product portfolio comprises 42 products with 232 SKUs across our various product categories.
As of March 31, 2025, the company has 206 permanent employees.
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, and Chocolate Sattu are product variants.
- Spices: Turmeric Powder, Chilli Powder, Coriander Whole and Powder, Cumin Whole and Powder, Various Blended Spices are product variants.
Company Strengths
- The 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
Company Financials
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| 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 |
| Amount in ₹ Crore | |||
Objectives of IPO
- Prepayment and/or repayment of all or a portion of certain outstanding borrowings availed by the Company
- Funding capital expenditure for the setting up of a roasted gram flour and gram flour manufacturing unit in Darjeeling, West Bengal
- General corporate purposes
Promoters of the company
Purushottam Das Mimani, Manish Mimani, Madhu Mimani, Manish Mimani (HUF) and Srivaru Agro Private Limited are the promoters of the company.
IPO Details
| IPO Date | September 22, 2025 to September 24, 2025 |
| Listing Date | September 29, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹306 to ₹322 per share |
| Lot size | 46 shares |
| Total Issue size | 1,26,95,600 shares (aggregating upto ₹408.80 Cr ) |
| Fresh Issue | 40,37,267 shares (aggregating upto ₹130.00 Cr ) |
| Offer for Sale | 38,10,895 shares of ₹10 (aggregating upto ₹278.80 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 3,63,73,259 shares |
| Share Holding Post Issue | 4,04,10,526 shares |
Category Reservation Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
| Only RII | Upto Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Upto Rs 5 lakhs | Yes |
| Employee + RII/NII | 1. Employee limit: Upto Rs 5 lakhs (In certain cases, employees are given a discount if the bidding amount is upto Rs 2 Lakhs) 2. If applying as RII: Upto Rs 2 Lakhs 3. If applying as NII: sNII > Rs 2 Lakhs and upto Rs 10 Lakhs and bNII > Rs 10 lakhs | Yes for Employee and RII/NII |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 46 | ₹14,812.00 |
| Retail (Max) | 13 | 598 | ₹1,92,556.00 |
| S-HNI (Min) | 14 | 644 | ₹2,07,368.00 |
| S-HNI (Max) | 67 | 3,082 | ₹9,92,404.00 |
| B-HNI (Min) | 68 | 3,128 | ₹10,07,216.00 |
Allotment Schedule
| Basis of Allotment | Thu, 25 Sep, 2025 |
| Initiation of Refunds | Fri, 26 Sep, 2025 |
| Credit of Shares to Demat | Fri, 26 Sep, 2025 |
| Tentative Listing Date | Mon, 29 Sep, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 24, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
To check allotment, click here
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