Ganesh Consumer Products IPO: Check GMP, Price Band, Lot Size, Risks, Strengths And Key Details From FMCG Company’s RHP

Ganesh Consumer Products IPO: Ganesh Consumer Products IPO is scheduled to open for subscription on September 22. The bidding window for Ganesh Consumer Products IPO will close on September 24. Here’s a look at key details of Ganesh Consumer Products IPO from the company’s red herring prospectus (RHP):

Ganesh Consumer Products IPO GMP

Ganesh Consumer Products IPO grey market premium (GMP) witnessed a slight decline on September 20. Two days before the opening of the FMCG company’s public issue Ganesh Consumer Products IPO GMP ranged between Rs 17 and Rs 19. The potential listing price for Ganesh Consumer Products Ltd shares, based on the GMP is Rs 341, indicating a listing gain of 6 per cent.

Ganesh Consumer Products IPO: Offer Size, Listing Date, Price Band

Ganesh Consumer Products Ltd aims to raise Rs 408.8 crore through its public issue, which consists of 4 million shares amounting to Rs 130 crore and an offer for sale of 8.7 million shares amounting to Rs 278.8 crore.

Ganesh Consumer Products IPO price band has been set between Rs 306 and Rs 322. Retail individual investors can place bids for a minimum of 1 lot comprising 46 shares, amounting to an investment of Rs 14,812.

Ganesh Consumer Products IPO share allotment status is likely to be finalised on September 25. Once the share allotment status of Ganesh Consumer Products IPO is decided, successful bidders will receive shares of Ganesh Consumer Products in their demat accounts on September 26. Shares of Ganesh Consumer Products will tentatively list on the BSE and NSE. Ganesh Consumer Products IPO listing date is September 29.

Ganesh Consumer Products: Key Financials

Ganesh Consumer Products Ltd consolidated total income for the fiscal year ended March 31, 2025, stood at Rs 855.16 crore, growing by over 11 per cent to Rs 765.26 crore in the fiscal year ended March 31, 2024. Ganesh Consumer Products Ltd’s consolidated profit-after-tax for FY25 grew by more than 31 per cent to Rs 35.43 crore compared to Rs 26.99 crore in the preceding fiscal.

Ganesh Consumer Products: Peers

Ganesh Consumer Products mentioned in its RHP that while there are no comparable listed companies in India with business models and comparable size. However, companies such as packaged food retailers such as Patanjali Foods Ltd and AWL Agri Business Ltd are among the company’s listed peers.

Ganesh Consumer Products: Business Model

Ganesh Consumer Products Ltd operates as a FMCG company. The company is headquartered in Kolkata, West Bengal. The goods sold by the company include whole wheat flour, wheat and gram-based value-added flour products, semolina flour, roasted gram flour, and other emerging food products, including packaged instant food mixes. The company’s products are sold under the flagship brand “Ganesh”. Ganesh Consumer Products Ltd’s business is primarily driven through its business-to-consumer (B2C) operations. The company also does business-to-business (B2B) trade as some of its products are sold through brokers to other FMCG companies and small retailers.

Ganesh Consumer Products IPO: Risks and Strengths

Here’s a look at some of the key risks related to Ganesh Consumer Products’ business according to the company’s RHP:

• Ganesh Consumer Products disclosed in its RHP that a slowdown in its manufacturing operations or under-utilisation of its manufacturing facilities can have an adverse impact on its business and financial performance.

• The FMCG company also said in the RHP that improper handling, processing or storage of raw materials or products, or spoilage of and damage to such raw materials and products can subject the company to regulatory and legal action and damage its reputation.

• Ganesh Consumer Products Ltd added that it is dependent on third party transportation providers for delivery of raw materials from suppliers and for delivery of its products to customers, thus failure to meet obligations of the partners could adversely affect the company’s business.

Here’s a look at some of the key strengths of Ganesh Consumer Products according to the company’s RHP:

• Ganesh Consumer Products claims that it is one of the largest brands of packaged flour in East India and the largest brand in terms of value sold.

• The FMCG company claims to have a diversified and continuously expanding product portfolio as of March 31, 2025 the company’s product portfolio comprised 42 products and 232 stock-keeping-units (SKUs) across its product categories.

• Ganesh Consumer Products claims to have strategically located manufacturing facilities with stringent quality standards. The company has seven manufacturing facilities located across Kolkata ,Varanasi, Agra and Hyderabad.

Ganesh Consumer Products IPO: Objective

Ganesh Consumer Products plans to use the money raised via the public issue for prepayment of its outstanding borrowings and for funding its capital expenditure for setting up a roasted gram flour and gram flour manufacturing unit in Darjeeling.