Ganesh Consumer Products IPO will open for subscription on September 22, 2025, and close on September 24, 2025. Incorporated in 2000, Ganesh Consumer Products Limited is a Kolkata-based FMCG company known for its substantial presence in East India.
The company operates as a leading brand of wheat-based derivatives such as maida, sooji, and dalia, while also offering a wide range of consumer staples. Its portfolio includes whole wheat flour, value-added flour products, packaged instant food mixes, spices, ethnic snacks, and traditional flours like singhara and bajri flour.
This blog will provide a deeper analysis of Ganesh Consumer Products IPO, including issue details, proceeds usage, financial performance, peer comparison, and main risk factors.
Ganesh Consumer Products IPO Date
The key pointers for the Ganesh Consumer Products IPO dates are:
- Bidding Opening Date: September 22, 2025
- Bidding Closing Date: September 24, 2025
- Allotment Date: September 25, 2025
- Initiation of Refunds (in case of less or no allotment): September 26, 2025
- Shares Credited to Your Demat Account: September 26, 2025
- IPO Listing Date: September 29, 2025
- Listing on Exchange: BSE and NSE
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Ganesh Consumer Products: IPO Issue Size
Ganesh Consumer Products IPO valuation, as denoted by the market capitalisation, stood at ₹1,301.22 crores. Here are the essential details:
- Ganesh Consumer Products IPO Price Band: ₹306 to ₹322 per share
- Lot Size: 46 Shares
- Issue Size and Amount: 1.27 crore shares (aggregating up to ₹408.80 crores)
- Fresh Issue and Amount: 40.37 lakh shares (aggregating up to ₹130 crores)
- Offer for Sale and Amount: 86.58 lakh shares of ₹10 (aggregating up to ₹278.80 crores)
Ganesh Consumer Products IPO Proceeds Usage
The net proceeds from the Ganesh Consumer Products IPO are proposed to be utilised for the following purposes:
- To prepay or repay, either fully or partially, certain outstanding borrowings of the company
- To fund capital expenditure for setting up a new roasted gram flour and gram flour manufacturing unit in Darjeeling, West Bengal.
- To meet general corporate purposes and support overall business growth.
Ganesh Consumer Products IPO Reservations
Ganesh Consumer Products IPO reservations to different investors are:
- For QIBs: Not more than 50% of the Net offer
- For NIIs: Not more than 15% of the Net Offer
- For Retail Investors: Not less than 35% of the Net Offer
Ganesh Consumer Products IPO Lot Size
Ganesh Consumer Products IPO lot size is 46 shares, wherein bidding can be done in multiples. The minimum amount that each category of investor needs to bid in this IPO is:
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 46 | 14,812 |
| S-HNI (Min) | 14 | 644 | 2,07,368 |
| B-HNI (Min) | 68 | 3,128 | 10,07,216 |
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Ganesh Consumer Products IPO Details: Promoter Holding
Purushottam Das Mimani, Manish Mimani, Madhu Mimani, Manish Mimani (HUF), and Srivaru Agro Private Limited are the promoters of the company.
Ganesh Consumer Products Limited: Company Overview
Incorporated in 2000, Ganesh Consumer Products Limited is an FMCG company headquartered in Kolkata, West Bengal. It is widely recognised in East India as a leading brand for wheat-based derivatives such as maida, sooji, and dalia.
The company’s flagship brand, “Ganesh,” has steadily grown its presence across multiple consumer segments. In the past three years, the company introduced 11 new products and 94 SKUs, expanding into categories like spices, ethnic snacks, and various sattu variants.
Its B2C operations accounted for nearly 76.98% of revenues in FY25, while other business channels include B2B sales to FMCG companies, HoReCa businesses, small retailers, and by-product sales such as wheat bran used in cattle feed.
Ganesh Consumer Products maintains an extensive distribution network, servicing the general trade channel through 28 carrying and forwarding agents, 9 super stockists, and 972 distributors. As of March 31, 2025, Ganesh Consumer Products employed 206 permanent staff members, highlighting the scale of its operations and workforce strength.
Product Portfolio
As of March 31, 2025, the company’s portfolio comprised 42 products and 232 SKUs across its different categories.
The product basket is wide-ranging, with variants such as Sharbati Atta, White Atta, Multigrain Atta, Diabetes Control Atta, and Gluten Free Atta in the whole wheat flour segment; Bakery Maida, Super Fine Maida, Tandoori Atta, and Rumali Atta in wheat and gram-based value-added flours; and Multigrain Sattu, Sweet Sattu, Jaljeera Sattu, and Chocolate Sattu in roasted gram flour.
In addition, the company offers an assortment of spices, including turmeric, chilli, coriander, cumin, and a variety of blended spices.
Ganesh Consumer Products Limited: Financial Performance
Ganesh Consumer Products Limited’s key financials for different periods are as follows:
| Particulars (in ₹ Cr) | 31 Mar 2025 | 31 Mar 2024 | YoY Change |
|---|---|---|---|
| Total Income | 855.16 | 765.26 | 12% |
| Profit After Tax (PAT) | 35.43 | 26.99 | 31% |
| EBITDA | 73.24 | 63.35 | 16% |
| Net Worth | 224.13 | 218.65 | 3% |
| Assets | 341.74 | 308.64 | 11% |
| Total Borrowing | 50 | 38.29 | 31% |
- Revenue Growth: Total income increased by 12%, rising from ₹765.26 crore in FY24 to ₹855.16 crore in FY25, showing healthy growth in consumer demand and product diversification.
- Profitability: PAT improved by 31%, moving up from ₹26.99 crore in FY24 to ₹35.43 crore in FY25, reflecting stronger margins and efficient cost management.
- EBITDA Performance: EBITDA rose by 16%, increasing from ₹63.35 crore in FY24 to ₹73.24 crore in FY25, indicating steady operational improvement.
- Strengthened Net Worth: Net worth showed modest growth of 3%, from ₹218.65 crore in FY24 to ₹224.13 crore in FY25, supported by retained earnings.
- Asset Base: Total assets expanded by 11%, from ₹308.64 crore in FY24 to ₹341.74 crore in FY25, reflecting investments to support business expansion.
- Debt Position: Borrowings rose from ₹38.29 crore in FY24 to ₹50 crore in FY25, mainly to fund working capital and business requirements.
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Ganesh Consumer Products IPO: Peer Comparison
Here’s the peer comparison table for Ganesh Consumer Products IPO with its listed peers:
| Company Name (FY25) | EPS (Basic ₹) | P/E (x) | RoNW (%) |
|---|---|---|---|
| Ganesh Consumer Products Limited | 9.74 | 33.06 | 15.81 |
| Patanjali Foods Limited | 35.94 | 50.15 | 11.96 |
| AWL Agri Business Limited | 9.44 | 27.15 | 13.12 |
- EPS: Ganesh Consumer Products’ EPS of ₹9.74 is slightly higher than AWL Agri Business (₹9.44) but much lower than Patanjali Foods (₹35.94).
- P/E Ratio: With a P/E of 33.06, Ganesh Consumer Products is valued higher than AWL Agri Business (27.15) but lower than Patanjali Foods (50.15), indicating moderate valuation.
- RoNW: Ganesh Consumer Products delivers a RoNW of 15.81%, outperforming Patanjali Foods (11.96%) and AWL Agri Business (13.12%), showing relatively better returns for shareholders.
Ganesh Consumer Products IPO Risk Factors
Ganesh Consumer Products IPO GMP is ₹17 as of September 20, 2025 (at 14:36). It is expected to list at a 5.28% gain at a price of ₹339. However, GMP is not a safe or assured criterion to bid for an IPO. It is important to do your own analysis before investing in any IPO.
Ganesh Consumer Products IPO is exposed to various risk factors that can eventually affect its business and investors’ perception:
- Dependence on Raw Materials: The business relies heavily on a steady supply of raw materials and packaging. Any shortage, price changes, or seasonal fluctuations could hurt operations and cash flows.
- Government Guidelines: Changes in government rules around wheat and gram procurement or stocking can impact raw material costs. Higher prices or limited availability could affect business performance.
- Product Demand: A big part of revenue comes from whole wheat flour and wheat/gram-based products. If demand drops or production slows, it could impact results.
- Regional Focus: Most sales are concentrated in East India, especially West Bengal. Any challenges in this region could affect operations and financial health.
- Manufacturing and Capacity: Disruptions in manufacturing or under-utilized facilities could impact production and overall performance.
- Distribution Network: The business depends on a strong distribution network, and any disruptions or management issues could hurt operations and cash flows.
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Frequently Asked Questions – FAQs
1. What are the IPO dates for Ganesh Consumer Products Limited?
The IPO opens for subscription on September 22, 2025, and closes on September 24, 2025. The allotment will be finalised on September 25, 2025, and the tentative listing date is September 29, 2025, on both the BSE and NSE.
2. What is the IPO price band and lot size?
The price band is fixed at ₹306 to ₹322 per share, with a lot size of 46 shares. Investors can bid in multiples of 46 shares, with a minimum investment amount of ₹14,812.
3. How much is the company planning to raise through the IPO?
The total issue size is 1.26 crore shares, aggregating up to ₹408.80 crores, which includes a fresh issue of ₹130 crores and an offer for sale of ₹278.80 crores.
4. How will the IPO proceeds be used?
The proceeds will be used to repay borrowings, fund capital expenditure for a new gram flour and roasted gram flour unit in Darjeeling, and for general corporate purposes.
5. Who are the promoters of Ganesh Consumer Products Limited?
The promoters of the company are Purushottam Das Mimani, Manish Mimani, Madhu Mimani, Manish Mimani (HUF), and Srivaru Agro Private Limited.
References:
https://www.damcapital.in/files/pdf/638936456317965897_Ganesh_Consumer_Products_Limited_-_RHP.pdf
https://www.investorgain.com/gmp/ganesh-consumer-ipo-gmp/1434/
Author: All Content is verified by SMC Global Securities.
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