Ganesh Consumer Products IPO: Price Band, Analysis, Allotment And GMP

Ganesh Consumer Products IPO - Company Analysis

Ganesh Consumer Products IPO, a Mainboard IPO, is a bookbuilding issue of Rs. 408.80 Cr (~1.26 Cr Shares) by Ganesh Consumer Products Ltd., which was incorporated in 2000 and is in the FMCG business. The company is the brand of wheat-based derivatives (maida, sooji, and dalia) in East India, with its headquarters located in Kolkata, West Bengal.

The company's main brand, "Ganesh," sells a variety of goods in several markets. They have introduced 94 SKUs and 11 goods in the last three years, including sattu variations, ethnic snacks, and spices.

76.98% of the company's revenue in Fiscal 2025 comes from its business-to-consumer (B2C) operations. B2B sales to FMCG companies, HoReCa enterprises, small retailers, and by-product sales such as wheat bran for calf feed are examples of additional operations.

Portfolio of Products:

• (Atta) Whole Wheat Flour.

• Value-added flours made from wheat and gram

• Gramme Roasted Flour.

• Spices.
  
  

Ganesh Consumer Products IPO Details

The Ganesh Consumer IPO open date is from Sep 22 to Sep 24, with IPO allotment on Sep 25, refund initiation on Sep 26, 2025.

The Rs. 408.80 Cr mainline IPO comprises a combination of fresh issue of 0.40 crore shares (Rs. 130 Cr) and offer for sale of 0.87 crore shares (Rs. 278.80 Cr).

The Ganesh Consumer Products IPO listing date might be on Monday, 29 September 2025, and it will be listed at the BSE and NSE. The Ganesh Consumer Products IPO price band is Rs. 306 to Rs. 322 for each Share. 

Events	Date
IPO Opening Date	Sep 22, 2025
IPO Closing Date	Sep 24, 2025
IPO Allotment Date	Sep 25, 2025
Refund Initiation	Sep 26, 2025
Tentative IPO Listing Date	Sep 29, 2025

 

Industry Outlook

If you want to apply for the IPO, click to open a Demat Account.

 

 

Company Financial 

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	341.74	308.64	343.30
Total Revenue	855.16	765.26	614.78
PAT	35.43	26.99	27.10
EBITDA	73.24	63.35	56.14
Net Worth	224.13	218.65	201.62
Total Borrowing	50	38.29	86.13

Cash Flows

The cash flows for various activities are shown below:

(Amount in millions)

Net Cash Flow In Multiple Activities	FY25	FY24	FY23
Net Cash Flow Operating Activities	460.84	884.66	(131.14)
Net Cash Flow Investing Activities	(171.61)	(221.57)	(198.78)
Net Cash Flow Financing Activities	(282.38)	(670.08)	335.25

 

Revenue Bifurcation 

Operations-wise Breakdown

Product-wise Revenue Breakdown

(Source RHP)

The Objective of The Issue

• Repayment in full or in part of some outstanding loans that the company has taken out. ~ Rs. 60 Cr.

• Two funding capital expenditures for the establishment of a gram flour production and roasting facility in Darjeeling, West Bengal. ~ Rs. 45 Cr.

• General corporate purposes.

Click to check the IPO application status.

Listed Peers of Ganesh Consumer Products Ltd.

Company Name	Face Value (Rs. per Share)	EPS (Rs.)	P/E (x)
Patanjali Foods Limited	2	35.94	50.15
AWL Agri Business Limited (formerly known as Adani Wilmar Limited)	1	9.44	27.15

 

Valuation

Metric	Value
ROE	15.81%
ROCE	19.81%
Debt/Equity	0.22
RoNW	15.81%
PAT Margin	4.17%
EBITDA	8.61%
Price to Book Value	5.23

 

 

Evaluation of P/E Ratio

Considering the period of FY 2025, with an EPS of Rs. 9.74 from the last year, the resulting P/E ratio is 33.05x. When compared with the industry’s average P/E of 38.65x, it indicates a justified price bid (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors.

Explore the Ivalue Infosolutions IPO.

IPO's Strengths 

• East India's biggest brand of packaged flour.

• A varied and consistently growing product line.

• Customer reach and a well-established and extensive multichannel distributor network.

• Advanced manufacturing facilities with strict quality standards that are strategically positioned.

• With the help of an accomplished management team, the visionary promoter.
  
  

IPO’s Weaknesses

• A heavy reliance on raw materials (gram and wheat).

• The risk of geographic concentration.

• Operations & manufacturing risks.

• Risk of contamination & product quality.
  
  

Ganesh Consumer Products IPO GMP 

Ganesh Consumer Products IPO GMP today is Rs. 0 as of 18 Sep 2025, while writing this information.

 

Ganesh Consumer Products Limited IPO Summary

IPO Opening & Closing Date	Sep 22, 2025 to Sep 24, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 306 to Rs. 322
Lot Size	46 Shares
Issue Size	1,26,95,600 Shares (Rs. 408.80 Cr)
Offer for Sale	86,58,333 Shares (Rs. 278.80 Cr)
Fresh Issue	40,37,267 Shares (Rs. 130 Cr)
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	MUFG Intime India Pvt. Ltd.

 

 

Ganesh Consumer Products IPO Lot Size

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (46 Shares) amounting to Rs. 14812 and 13 Lots (598 Shares) amounting to Rs. 1,92,556, respectively, while for S-HNI investors, the minimum Lot is 14 (644 Shares) amounting to Rs. 2,07,368.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	13 Lots
SHNI (Minimum)	14 Lots
SHNI (Maximum)	67 Lots
BHNI (Minimum)	68 Lots

Ganesh Consumer Products IPO Reservation

Institutional Share Portion	50%
Retail Investors' Share Portion	35%
Non-Institutional Shares Portion	15%

Ganesh Consumer Products IPO Allotment Status

To check the Ganesh Consumer Products IPO allotment status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Ganesh Consumer Products Ltd.

• Purushottam Das Mimani

• Manish Mimani

• Madhu Mimani

• Manish Mimani (HUF)

• Srivaru Agro Private Limited.
  
  

Pre-Issue Promoter Shareholding	75.3%
Post-Issue Promoter Shareholding	64.07%

 

Ganesh Consumer Products IPO Lead Managers

• Dam Capital Advisors Ltd. 

Dividend Policy

The company has paid a dividend of Rs. 8.24 per Share in FY25.

Conclusion

Investors have the opportunity to invest in the top FMCG brand based on wheat in East India through the Ganesh Consumer Products IPO. A broad range of products, and an expanding distribution are some strengths. However, risks are still there due to operational challenges, regional concentration, and reliance on raw resources.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.