Ganesh Consumer Products Ltd, a prominent FMCG company headquartered in Kolkata, has successfully raised approximately ₹122 crore from anchor investors ahead of its Initial Public Offering (IPO), which opened for subscription on September 22, 2025. The IPO aims to raise a total of ₹409 crore, comprising a fresh issue of ₹130 crore and an offer-for-sale (OFS) of ₹278.8 crore. The price band for the IPO has been set between ₹306 and ₹322 per equity share.
Anchor Investors and Allocation
In the anchor round, Ganesh Consumer Products allocated 3,799,362 shares to 13 institutional investors at ₹322 per share. Notable participants included PGIM India, LC Pharos Multi Strategy Fund, Saint Capital Fund, Citigroup Global Markets, BNP Paribas Financial Markets, Subhkam Ventures, and Bengal Finance, backed by renowned investor Ashish Kacholia. This participation underscores strong institutional confidence in the company’s growth prospects.
Ganesh Consumer Products Ltd Overview
Established in 1936, Ganesh Consumer Products offers a diverse range of 42 products, including staples, spices, ethnic snacks, and new food categories. The company boasts a distribution network spanning over 70,000 retail stores, modern trade establishments, and e-commerce platforms. It operates seven manufacturing plants located in West Bengal, Uttar Pradesh, and Telangana.
Use of Proceeds
The funds raised through the fresh issue will be utilized for establishing a new gram flour and roasted gram flour production facility near Siliguri, repaying working capital loans, and general corporate purposes.
Market Outlook
The packaged food segment in eastern India’s consumer staples market is projected to double its market share to 36-40% over the next five years. Ganesh Consumer Products aims to leverage this growth by enhancing brand visibility and expanding its market presence across East India.
Subscription Details
The IPO will remain open for subscription until September 24, 2025. Investors can apply through the ASBA facility or UPI mandate. The shares are expected to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on September 29, 2025.
For more information, please visit the Ganesh Consumer Products official website.
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