Ganesh Consumer Products IPO Price: ₹306 to ₹322 per share
IPO Dates: 22nd September 2025 – 24th September 2025
Company Overview
Incorporated in 2000, Ganesh Consumer Products Limited is a fast-moving consumer goods (FMCG) company headquartered in Kolkata, West Bengal. The company has established itself as a leading brand for wheat-based derivatives such as maida, sooji, and dalia in East India.
Product Range
Ganesh Consumer Products offers a wide portfolio of consumer staples including whole wheat flour, value-added wheat and gram-based flours, instant food mixes, spices, ethnic snacks, and specialty flours such as singhara and bajri. Its flagship brand, “Ganesh”, has built strong recognition and loyalty across multiple product categories.
Over the last three years, the company has launched 11 new products and 94 SKUs, expanding its offerings in spices, ethnic snacks, and sattu variants. As of March 31, 2025, its portfolio comprises 42 products with 232 SKUs, catering to diverse consumer preferences.
Business Operations
The company generates a major share of its revenue from its B2C segment, which contributed 76.98% of revenues in Fiscal 2025. Additionally, it operates in the B2B space, supplying products to FMCG companies, HoReCa businesses, and small retailers. It also generates revenue from the sale of by-products such as wheat bran, which is used in cattle feed.
Distribution Network
Ganesh Consumer Products has built a robust distribution system to ensure wide market reach. The company services its general trade channel through 28 C&F agents, 9 super stockists, and 972 distributors, enabling strong penetration across East India and beyond.
Product Portfolio Highlights
- Whole Wheat Flour (Atta): Variants include Sharbati Atta, White Atta, Multigrain Atta, Diabetes Control Atta, and Gluten-Free Atta.
- Value-Added Flours: Bakery Maida, Super Fine Maida, Tandoori Atta, and Rumali Atta.
- Roasted Gram Flour: Multigrain Sattu, Sweet Sattu, Jaljeera Sattu, and Chocolate Sattu.
- Spices: A wide range including Turmeric, Chilli, Coriander, and Cumin (whole and powdered), along with blended spice mixes.
As of March 31, 2025, the company is supported by 206 permanent employees.
Competitive Strengths
- Market Leadership: The leading EPC provider of solar pump systems under the PM-KUSUM Scheme, particularly dominant in Maharashtra.
- Strong Order Book: Provides robust revenue visibility and reflects growing demand.
- Decentralized Infrastructure: Warehouses, workforce, and workmen distributed across states ensure efficient service delivery.
- Comprehensive Offerings: End-to-end support from survey to after-sales maintenance.
- Financial Growth: Consistent profitability with rapid revenue and earnings expansion.
- Experienced Management: Led by industry veterans Gopal Rajaram Kabra and Mehul Ajit Shah with decades of expertise.
- Future-Ready Positioning: Expansion into rooftop solar and backward integration into manufacturing to capture new opportunities.
Bidding Starts In
Ganesh Consumer Products IPO Specifics:
| IPO Date | September 22, 2025 to September 24, 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 up to ₹408.80 Cr) |
| Fresh Issue | 40,37,267 shares (aggregating up to ₹130.00 Cr) |
| Offer For Sale | 86,58,333 shares (aggregating up to ₹278.80 Cr) |
| Employee Discount | ₹30 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,63,73,259 shares |
| Share Holding Post Issue | 4,04,10,526 shares |
Ganesh Consumer Products IPO Timetable (Important Dates)
| IPO Open Date | Monday, September 22 2025 |
| IPO Close Date | Wednesday, September 24 2025 |
| Tentative Allotment | Thursday, September 25 2025 |
| Initiation of Refunds | Friday, September 26 2025 |
| Credit of Shares to Demat | Friday, September 26 2025 |
| Listing Date | Monday, September 29 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 24, 2025 |
Ganesh Consumer Products IPO Lot Size
Bidders have the opportunity to bid for a minimum of 46 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 46 | ₹14,812 |
| Retail (Max) | 13 | 598 | ₹1,92,556 |
| S-HNI (Min) | 14 | 644 | ₹2,07,368 |
| S-HNI (Max) | 67 | 3,082 | ₹9,92,404 |
| B-HNI (Min) | 68 | 3,128 | ₹10,07,216 |
Ganesh Consumer Products IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Ganesh Consumer Products Limited IPO Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Assets | 343.30 | 308.64 | 341.74 |
| Total Income | 614.78 | 765.26 | 855.16 |
| Profit After Tax | 27.10 | 26.99 | 35.43 |
| EBITDA | 56.14 | 63.35 | 73.24 |
| Net Worth | 201.62 | 218.65 | 224.13 |
| Reserves and Surplus | 167.62 | 184.98 | 190.47 |
| Total Borrowing | 86.13 | 38.29 | 50.00 |
Key Performance Indicator – Ganesh Consumer Products IPO
| KPI | Values |
|---|---|
| Market Cap | ₹1301.22 Cr |
| EPS | ₹9.74 |
| P/E (x) | 33.06 |
| ROE | 15.81% |
| ROCE | 19.81% |
| Debt/Equity | 0.22 |
| RoNW | 15.81% |
| PAT Margin | 4.17% |
Objects of the Issue:
Ganesh Consumer Products Limited proposes to utilize the net proceeds from its Initial Public Offering (IPO) for the following purposes:
- Prepayment and/or Repayment of Borrowings: An amount of ₹60 crore will be allocated towards the prepayment and/or repayment of certain outstanding borrowings availed by the company, helping reduce debt and strengthen the balance sheet.
- Funding Capital Expenditure: ₹45 crore will be utilized for setting up a roasted gram flour and gram flour manufacturing unit in Darjeeling, West Bengal, to expand production capacity and enhance market presence.
- General Corporate Purposes: The balance funds will be applied towards general corporate activities, including administrative expenses, business development, and other strategic initiatives to support growth.
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
