IPO Details
Bidding Dates
22 Sept 25 - 24 Sept 25
Price Range ₹
306 - 322
Total Equity
₹ 0.00Cr
Lot Size
46
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
1.15×
Qualified Institutional Buyers
4.18×
Employees
2.03×
Retail Investors
1.15×
Total subscription Rate
2.67×
IPO Timeline
Offer start
22 Sept 2025
Offer end
24 Sept 2025
Allotment
25 Sept 2025
Refund initiation
26 Sept 2025
Demat transfer
26 Sept 2025
Listing
29 Sept 2025
Offer start
22 Sept 2025
Offer end
24 Sept 2025
Allotment
25 Sept 2025
Refund initiation
26 Sept 2025
Demat transfer
26 Sept 2025
Listing
29 Sept 2025
About Company
Incorporated in 2000 and headquartered in Kolkata, Ganesh Consumer Products Limited is a fast-growing FMCG company with a strong presence in wheat-based derivatives and packaged consumer staples. The company’s flagship brand “Ganesh” is one of the largest packaged flour brands in East India. Its diverse portfolio includes whole wheat flour variants (such as Sharbati Atta, Multigrain Atta, Gluten-free Atta), value-added flours (maida, sooji, besan), sattu variants, spices, instant mixes, and ethnic snacks, catering to both B2C and B2B segments.B2C sales contributed nearly 77% of revenues in FY25, with distribution supported by 28 C&F agents, 9 super stockists, and 972 distributors, ensuring wide market penetration. Over the past three years, Ganesh has aggressively innovated, launching 11 products and 94 SKUs, expanding its offerings to spices and ethnic categories. The company operates modern manufacturing facilities with stringent quality controls and employs 206 permanent staff.
Year Founded
09-03-2000
Promotor Details
Manish Mimani
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 74.29 | 0 |
| Share Capital | 27022289 | 0 |
Project Details
- General corporate purposes - 142cr
- Prepayment and/or repayment of all or a portion of certain outstanding borrowings availed by - 600cr
- Funding capital expenditure for the setting up of a roasted gram flour and gram flour - 450cr
Objectives
- Prepayment and/or repayment of all or a portion of certain outstanding borrowings availed by our Company
- Funding capital expenditure for the setting up of a roasted gram flour and gram flour manufacturing unit in Darjeeling, West Bengal
- andGeneral corporate purposes.
Highlights
- Leading brand in packaged flour, giving it strong recall and dominance.
- 42 products with 232 SKUs across atta, maida, sattu, spices, and snacks reduce concentration risk.
- 28 C&F agents, 972 distributors, and strong general trade penetration ensure wide market access.
- Consistent growth, low debt (Debt/Equity 0.22), and healthy ROCE of nearly 20% reflect efficient capital use.
- Continuous product launches (spices, sattu, ethnic mixes) position the company well for growth in FMCG demand.
Challenges
- PAT margin (4.17%) and EBITDA margin (8.61%) remain modest compared to larger FMCG peers.
- Heavy reliance on East India market; national footprint is limited compared to big FMCG players.
- Faces tough competition from giants like ITC, HUL, and regional brands in flour and spices.
- Fluctuations in wheat and other raw material prices could squeeze margins.
- Price-to-book (5.23x) suggests premium valuations relative to financial performance.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2017 | 29,757.35 | 3,808.72 | 6,57,49,100.00 | 5,79,33,336.00 | 1.7985 |
| 2018 | 21,152.74 | 3,808.72 | 1,033.30 | 1,033.30 | 2.713 |
| 2019 | 18,093.39 | 3,808.72 | 6,57,49,100.00 | 5,79,33,336.00 | 1.7985 |
| 2016 | 2,12,89,87,900.00 | 16,10,62,880.00 | 1,033.30 | 1,033.30 | 2.713 |
