• Price band of Rs 306 – Rs 322 per Equity Share bearing face value of Rs 10 each (“Equity Shares”)
  • Bid/Offer Opening Date – Monday, September 22, 2025 and Bid/Offer Closing Date – Wednesday, September 24, 2025. Anchor Investor Bidding Date is Friday, September 19, 2025
  • Minimum Bid Lot is 46 Equity Shares and in multiples of 46 Equity Shares thereafter

Mumbai : Ganesh Consumer Products has fixed the price band of ₹ 306/- to ₹322/- per Equity Share of face value ₹ 10/- each for its initial public offer (“IPO” or “Offer”).

The Offer will open on Monday, September 22, 2025, for subscription and close on Wednesday, September 24, 2025.

Investors can bid for a minimum of 46Equity Shares and in multiples of 46Equity Shares thereafter.

Equity shares outstanding as on date 36,373,259 Equity Shares of ₹ 10/- each

The Offer is a combination of Fresh Issue for ₹ 130 crore and an Offer for Sale of 86,58,333 Equity Shares.

The proceeds from the Fresh Issue to the extent of ₹ 600 million will be utilised for prepayment / repayment of all or a portion of certain outstanding borrowings availed by the Company, ₹ 450 million will be utilized for funding capital expenditure for setting up a roasted gram flour and gram flour manufacturing unit in Darjeeling, West Bengal and balance for general corporate purposes.     

The company is a FMCG company headquartered in Kolkata, West Bengal and in terms of value sold in Fiscal 2025, it is the third largest brand of packaged whole wheat flour (atta) and largest brand in wheat-based derivatives (maida, sooji, dalia) in east India. (Source: Technopak Report)

In east India, in terms of value for Fiscal 2025, the Company is also one of the top two players for packaged sattu and besan (which are gram-based flour products) with a share of nearly 43.4% (sattu) and nearly 4.9% (besan) for respective products, with a growing presence in various consumer staple categories such as spices and ethnic snacks. (Source: Technopak Report).

In West Bengal, the company has a share of approximately 40.5% by value sold in Fiscal 2025 for wheat-based products including wheat flour, maida, sooji and dalia. (Source: Technopak Report) and an omni-channel presence through its general trade channels, modern trade channels and e-commerce channels.

As of March 31,2025, the Company services its general trade channel with over 28 C&F agents, 9 super stockists and 972 distributors. Also, as on March 31, 2025, the Company’s product portfolio comprises of 42 products with 232 SKUs across its various product categories.

The Company offers a range of consumer staples comprising of whole wheat flour (atta), wheat and gram-based value added flour products (including, refined wheat flour (maida), semolina flour (sooji), roasted gram flour (sattu), gram flour (besan), cracked wheat (dalia) amongst others) and other emerging food products including packaged instant food mixes (such as khaman dhokla and bela kachori), spices (whole chilli, turmeric and coriander powder), ethnic snacks (such as including bhujia and chanachur) and ethnic flours such as singhara flour, pearl millet (bajri) flour, etc.

The Company’s products are sold under its flagship brand “Ganesh”, which serves as its primary identity in the market. In order to meet a varied range of consumer needs in the market, the brand has been expanded through multiple brand extensions, offering a variety of products with unique attributes tailored to specific market segments.  The Company has consistently sought to evolve its product portfolio, resulting in the launch of 11 products (spices, ethnic snacks, variants of sattu like chocolate sattu, jal jeera sattu, etc.), along with 94 SKUs across its product categories over the past three financial years.

The company’s revenue from operations amounted to Rs 8504.62 million during Fiscal 2025 vis-à-vis Rs 6107.5 crore during Fiscal 2023.

Its net profit was Rs 35.4 crore during Fiscal 2025 vis-à-vis Rs 27.1 crore during Fiscal 2023.

DAM Capital Advisors Ltd, IIFL Capital Services Ltd, and Motilal Oswal Investment Advisors are the Book-Running Lead Managers; and MUFG Intime India Private Limited is the Registrar of the Offer.

The Offer is being made through the book-building process, wherein not more than 50% of the Net Offer is allocated to qualified institutional buyers, and not more than 15% and 35% of the Net Offer is assigned to non-institutional bidders and retail individual bidders respectively. 

Ganesh Consumer Products Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated September 16, 2025, with the RoC. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLMs i.e., DAM Capital Advisors Limited at www.damcapital.in, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) at www.iiflcap.com and Motilal Oswal Investment Advisors Limited at www.motilaloswalgroup.com, the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at www.ganeshconsumer.com. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section “Risk Factors” beginning on page 36 of the RHP. Potential investors should not rely on the DRHP for making any investment decision but should only rely on the information included in the RHP filed by the Company with the RoC.

The Equity Shares offered in the Issue have not been, and will not be, registered under the U.S. Securities Act and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Equity Shares offered in the issue are being offered and sold only outside the United States in “offshore transactions” as defined in and in reliance on Regulation S under the U.S. Securities Act (“Regulation S”).