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Ganesh Consumer Products IPO
Price Band
₹306.0–322.0
Issue Size
₹408.8 Cr
Lot Size
46 shares
Min Investment
₹14,812
GMP
₹-9.0 (-2.8%)
Issue Price
₹322.0
Ganesh Consumer Products IPO AI Summary
- Ganesh Consumer Products IPO is listed on BSE, NSE in the Packaged Foods sector.
- Price band: ₹306.0–₹322.0 per share, lot size 46 shares (min. investment ₹14,812).
- Subscription window: 22 Sep–24 Sep 2025, listing on 29 Sep 2025.
- Current GMP is ₹-9.0 (-2.8%), an estimated listing price of ₹313 — unofficial and can change daily.
Ganesh Consumer Products Limited is set to launch its IPO with a price range of ₹306 to ₹322, aiming to raise ₹408.8 Cr. The company has shown strong revenue growth and profitability, with significant plans for expansion and debt repayment. Investors should consider their risk profile and the company's market position when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Ganesh Consumer Products IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 24 Sep 2025 — not a current signal.
2 of 2 reviewers say Neutral
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Ganesh Consumer Products IPO Grey Market Premium (GMP) Today
GMP
₹-9.0
GMP %
-2.8%
Est. Listing
₹313.0
Updated: 25 Jul 2026 14:12
About the Company
Incorporated in 2000, Ganesh Consumer Products Limited is a FMCG company. Headquartered in Kolkata, West Bengal, the company is the brand of wheat-based derivatives (maida, sooji, dalia) in East India. The company offers a range of consumer staples, including whole wheat flour, value-added flour products (maida, sooji, besan), packaged instant food mixes, spices, ethnic snacks, and ethnic flours like singhara and bajri flour. The company’s flagship brand, “Ganesh,” offers a wide range of products across multiple segments. Over the past three years, they launched 11 products and 94 SKUs, including spices, ethnic snacks, and sattu variants. The company’s B2C operations drive 76.98% of revenues in Fiscal 2025. Other operations include B2B sales to FMCG companies, HoReCa businesses, small retailers, and by-product sales like wheat bran for cattle feed. The company services its general trade channel through 28 C&F agents, 9 super stockists and 972 distributors. As on March 31, 2025, the product portfolio comprises of 42 products with 232 SKUs across our various product categories. Product Portfolio: Whole Wheat Flour (Atta): Sharbati Atta, White Atta, Multigrain Atta, Diabetes Control Atta, Gluten Free Atta are product variants. Wheat and Gram based value added flours: Bakery Maida, Super Fine Maida, Tandoori Atta, Rumali Atta are product variants. Roasted Gram Flour: Multigrain Sattu, Sweet Sattu, Jaljeera Sattu, Chocolate Sattu are product variants. Spices: Turmeric Powder, Chilli Powder, Corriander Whole and Powder, Cumin Whole and Powder, Various Blended Spices are product variants. As of March 31, 2025 the company has 206 permanent employees. Competitive Strengths: Largest brand of packaged flour in East India Diversified and continuously expanding product portfolio Well-established and widespread multichannel distributor network and customer reach Strategically located advanced manufacturing facilities with stringent quality standards Visionary Promoter assisted with an experienced management team Track record of healthy financial performance
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 341.74 | 308.64 | 343.30 |
| Total Income | 855.16 | 765.26 | 614.78 |
| Profit After Tax | 35.43 | 26.99 | 27.10 |
| EBITDA | 73.24 | 63.35 | 56.14 |
| NET Worth | 224.13 | 218.65 | 201.62 |
| Reserves and Surplus | 190.47 | 184.98 | 167.95 |
| Total Borrowing | 50.00 | 38.29 | 86.13 |
Key Ratios
EPS
₹9.74
NAV
₹61.62
ROE
15.81%
ROCE
19.81%
RoNW
15.81%
P/B Value
5.23
P/E Ratio
33.06
Market Cap
₹1301.22 Cr
PAT Margin
4.17%
Debt/Equity
0.22
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| AWL Agri Business Limited | 71.91 | 13.12% | 27.15 | 9.44 | 9.44 |
| Patanjali Foods Limited | 300.36 | 11.96% | 50.15 | 35.94 | 35.94 |
| Ganesh Consumer Products Limited This IPO | 61.62 | 15.81% | — | 9.74 | 9.74 |
Promoters
Purushottam Das Mimani, Manish Mimani, Madhu Mimani, Manish Mimani (HUF) and Srivaru Agro Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Prepayment and/or repayment of all or a portion of certain outstanding borrowings availed by the Company 60.00 2 Funding capital expenditure for the setting up of a roasted gram flour and gram flour manufacturing unit in Darjeeling, West Bengal 45.00 3 General Corporate Purposes 14.20 4 Issue Expenses 33.94 Total 153.14
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹614.78 Cr in the year ending 31 Mar 2023, increasing to ₹765.26 Cr by 31 Mar 2024, and further rising to ₹855.16 Cr by 31 Mar 2025. This trend shows a consistent growth in revenue over the three periods.
Profit Trend
Profit After Tax was ₹27.10 Cr in the year ending 31 Mar 2023, which increased to ₹26.99 Cr by 31 Mar 2024, and then rose to ₹35.43 Cr by 31 Mar 2025. This indicates a positive trend in profitability over the analyzed periods.
Valuation
Ganesh Consumer Products has an implied P/E ratio of 33.06 at the issue price, compared to its peers which have P/E ratios ranging from 27.15 to 50.15.
Grey Market Premium, Explained
The grey market premium (GMP) reflects the expected listing gains of an IPO based on unofficial trading before it officially lists on the stock exchange. A positive GMP indicates that the stock is likely to list at a higher price than the issue price, while a negative GMP suggests the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their portfolio objectives and risk tolerance. It's important to consider the company's fundamentals and market position before making an investment decision.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid this IPO, given the inherent uncertainties and market fluctuations associated with new listings.
IPO Timeline, Explained
The IPO opens for subscription on September 22, 2025, and closes on September 24, 2025. Allotment of shares is expected on September 25, 2025, with the listing date set for September 29, 2025.
Listing Gains — The Risk
Listing gains are not guaranteed and depend on market conditions at the time of listing. Investors should be aware that the stock may not perform as expected on its debut, and there is a risk of losses if the market reacts negatively.
This evaluation is generated from Ganesh Consumer Products's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Ganesh Consumer Products IPO GMP today?
Ganesh Consumer Products IPO GMP today is ₹-9.0 (-2.8%), indicating an estimated listing price of ₹313. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Ganesh Consumer Products IPO?
The price band of Ganesh Consumer Products IPO is ₹306.0–₹322.0 per share.
When does Ganesh Consumer Products IPO open and close?
Ganesh Consumer Products IPO opens on 22 September 2025 and closes on 24 September 2025.
When does Ganesh Consumer Products IPO list on the stock exchange?
Ganesh Consumer Products IPO listed on 29 September 2025 at ₹313.0.
What is the lot size for Ganesh Consumer Products IPO?
The lot size for Ganesh Consumer Products IPO is 46 shares, requiring a minimum investment of ₹14,812.
What is the price band for the IPO?
The price band for the IPO is ₹306 to ₹322.
What is the minimum investment required?
The minimum investment required is ₹14,812.
What is the lot size for the IPO?
The lot size for the IPO is 46 shares.
When does the IPO open and close?
The IPO opens on September 22, 2025, and closes on September 24, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the stock based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
22 Sep 2025
Close
24 Sep 2025
Allotment
25 Sep 2025
Listing
29 Sep 2025
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