Ganesh Consumer Products listing: Shares of Ganesh Consumer Products debut on D-street at a discount to the issue price on Monday, September 29. The stock of the Kolkata-based FMCG company opened for trade at Rs 296.05 on NSE and Rs 295 on BSE, down 8.06 per cent and 8.39 per cent from the issue price, respectively.
Here’s what market guru Anil Singhvi suggests:
Earlier on Monday, Zee Business Managing Editor Anil Singhvi had predicted the stock to list near or slightly below the issue price of Rs 322.
The issue received a poor response and was subscribed to only 2.6 times.
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The noted market analyst also said that a positive listing is very difficult in this weak market condition.
He suggests that low-risk-taking investors must keep a suitable stop-loss, as it is difficult to predict post-listing price movement in low-subscription IPOs.
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Ganesh Consumer Products IPO subscription highlights:
The Ganesh Consumer Products IPO was subscribed 2.67 times overall, with institutional buyers subscribing 4.18 times, the retail portion subscribing 1.15 times, and non-institutional investors (NII) subscribing 4.34 times.
In terms of shares, QIBs bid for 1.01 crore shares against the allotted 24.38 lakh shares., NIIs bid for 83.75 lakh shares against the 19.31 lakh shares allotted, and RIIs bid for 51.64 lakh shares against the 45.05 lakh shares reserved.
Overall, investors bid for 2.38 crore shares against the 89.12 lakh shares on offer.
Ganesh Consumer Products IPO details:
The IPO is a book-built issue of Rs 408.80 crores, comprising a fresh issue of Rs 130 crores and an Offer for Sale (OFS) of Rs 278.80 crores. The company plans to use the IPO proceeds for debt repayment, funding capital expenditure for setting up a roasted gram flour manufacturing unit in Darjeeling and for general corporate purposes.
Price band: Rs 306 to Rs 322 apiece
Subscription period: September 22 to September 24, 2025
Lot size: Minimum bid of 46 shares, amounting to Rs 14,812 at the upper price band
Company profile:
Founded in 1936, Ganesh Consumer Products specialises in food grain flours, operating primarily in East India. The company manufactures wheat-based products along with spices, food mixes, and snacks.
The company reported revenue of Rs 855.16 crore in FY 2025 and profit after tax (PAT) of Rs 35.43 crore.
