Ganesh Consumer Products, a Kolkata-based leader in the packaged staples sector, made a subdued debut on the Indian stock exchanges on Monday, September 29, 2025. Ganesh Consumer Products shares listed at ₹296.05 on the National Stock Exchange (NSE), representing an 8.06% discount to the IPO price of ₹322. On the Bombay Stock Exchange (BSE), the shares opened at ₹295, down 8.39% from the issue price.
Ganesh Consumer Products IPO Performance
The company’s ₹408.80 crore IPO attracted solid investor interest, closing with an overall subscription of 2.68 times. Among the investor categories, retail investors subscribed 1.17 times their allocation, non-institutional investors (NIIs) placed bids 4.41 times, and qualified institutional buyers (QIBs) subscribed 4.03 times. The employee category also showed healthy participation, being oversubscribed 2.14 times. Prior to the public issue, Ganesh Consumer Products secured ₹134.97 crore from anchor investors on September 15.
IPO Details
Ganesh Consumer Products IPO comprised a fresh issue of 0.40 crore shares worth ₹130 crore and an offer-for-sale of 0.87 crore shares aggregating ₹278.80 crore. The lot size was set at 46 shares, requiring a minimum investment of ₹14,812 at the upper price band. Up to 34,247 shares were reserved for employees, offered at a discount of ₹30 per share. The issue ran from September 22 to September 24, with allotments finalised on September 25.
Use of Proceeds
Ganesh Consumer Products intends to utilise the IPO proceeds primarily for prepayment or repayment of select borrowings, capital expenditure to establish a roasted gram flour and gram flour manufacturing facility in Darjeeling, West Bengal, and for general corporate purposes.
About Ganesh Consumer Products
Ganesh Consumer Products is one of the leading names in India’s packaged staples industry. The company is the third-largest packaged wheat flour brand by value in East India and dominates wheat-based products such as maida, sooji, and dalia. In the gram-based segment, it ranks among the top two, holding market shares of 43% in sattu and 5% in besan. The flagship “Ganesh” brand encompasses 42 distinct products across 232 SKUs, including atta, maida, sooji, dalia, sattu, besan, instant mixes, spices, and ethnic snacks, reflecting a diversified and robust product portfolio.
Market Outlook and Conclusion
Although Ganesh Consumer Products’ shares listed below the issue price, the company’s strong brand presence and diversified product offerings underline its long-term growth potential in the packaged staples segment. With plans to expand its manufacturing capabilities and repay borrowings, the company is well-positioned to strengthen its operational and financial foundation.
The IPO provides investors with an opportunity to engage with a leading packaged staples enterprise with an established market presence and a comprehensive product range.
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