FMCG manufacturer Ganesh Consumer Products has announced a price band of ₹306-322 per equity share for its initial public offering (IPO), which is set to launch on September 22.
The Kolkata-based company’s IPO will include a fresh issue worth ₹130 crore along with an offer for sale of 86.58 lakh equity shares. If fully subscribed at the upper end of the price band, the company aims to raise approximately ₹409 crore.
The offer will be open until September 24, with investors able to bid for a minimum of 46 equity shares and in multiples of 46 thereafter.
The proceeds from the fresh issue, totaling ₹60 crore, will be used to prepay or repay certain outstanding borrowings. Additionally, ₹45 crore is earmarked for capital expenditures to establish a roasted gram flour and gram flour manufacturing unit in Darjeeling, West Bengal. The remainder will serve general corporate purposes.
Market Share
In terms of sales value for the fiscal year 2025, Ganesh Consumer Products ranks as the third-largest brand of packaged whole wheat flour (atta) and is the leading brand for wheat-based derivatives (maida, sooji, dalia) in East India. The company is also among the top two players in the packaged sattu and besan segments in the region for FY25.
The products are marketed under Ganesh, the company’s flagship brand. For the fiscal year 2025, Ganesh Consumer Products reported revenue from operations of ₹850.46 crore and a net profit of ₹35.4 crore.
DAM Capital Advisors, IIFL Capital Services, and Motilal Oswal Investment Advisors are serving as the book-running lead managers for the IPO.
Published on September 17, 2025.
