Ganesh Consumer Products sets IPO price band at Rs 306–322 per share. Check key details

Ganesh Consumer Products, a leading packaged foods brand in eastern India, has announced the price band for its upcoming IPO at Rs 306-322 per equity share. The issue will open for subscription on September 22 and close on September 24.

The Rs 409-crore IPO comprises a fresh issue worth Rs 130 crore and an offer for sale (OFS) of Rs 278.8 crore by promoters and existing shareholders. The fresh issue will involve 40.37 lakh shares, while the OFS will see 86.58 lakh shares offloaded.

At the upper end of the price band, retail investors can apply for a minimum lot of 46 shares, requiring an investment of Rs 14,812. For high-net-worth individuals, the minimum application size is 14 lots (644 shares).


The issue is being managed by DAM Capital Advisors, with MUFG Intime India as the registrar. Shares are proposed to be listed on both BSE and NSE on September 29.

About the company
Founded in 2000, Ganesh Consumer Products has established itself as a leading FMCG player in eastern India, best known for packaged wheat-based products such as atta, maida, sooji, and dalia. Over time, it has diversified into spices, instant mixes, ethnic snacks, and specialty flours.

The flagship “Ganesh” brand enjoys strong household recognition across several states. Nearly 77% of revenues come from B2C sales, with the remainder contributed by B2B channels, HoReCa (hotels, restaurants, and catering), and by-products like wheat bran.

As of March 2025, the company’s distribution footprint spans 28 C&F agents, 9 super stockists, and 972 distributors.

Financials
Ganesh Consumer Products reported revenues of Rs 855 crore in FY25, up 12% from the previous year, while net profit rose 31% to Rs 35 crore.

Objects of the issue
The company plans to use IPO proceeds to repay borrowings (Rs 60 crore), set up a new roasted gram flour and gram flour unit in Darjeeling (Rs 45 crore), and for general corporate purposes.

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