Ganesh Consumer Products IPO booked 4% so far on day 1: From price band to objectives, key things to know

Ganesh Consumer Products IPO has been subscribed 4% so far on the opening day of bidding on Monday, September 22, 2025.

It attracted bids for 3,95,646 shares as against 89,12,228 shares on offer, according to the consolidated data on the NSE website until 11:23 am.

The ₹408.80 crore IPO, with a price band of ₹306 to ₹322 per share, is a combination of a fresh issuance of shares worth up to ₹130 crore and an offer-for-sale of 86.58 lakh shares totalling ₹279 crore by promoter and investor-selling shareholders, including Manish Mimani, Madhu Mimani, India Business Excellence Fund II and India Business Excellence Fund IIA.

Of the fresh issue proceeds, ₹60 crore will be used for debt payment, ₹45 crore for establishing a roasted gram flour and gram flour manufacturing unit in Darjeeling, and corporate general purposes.

Investors can apply for a minimum of one lot, consisting 46 shares.

Prior to the IPO, the company collected ₹122.33 crore from anchor investors, including Subhkam Ventures, Saint Capital Fund, BNP Paribas Financial Markets, Bengal Finance and Investment, Citigroup Global Markets Mauritius, and Rajasthan Global Securities, according to a circular uploaded on BSE's website.

It allotted 37.99 lakh shares to 14 funds at ₹324 apiece.

Ganesh Consumer Products IPO timeline: Allotment and listing dates

As of September 2024, it has a distribution network covering more than 70,000 retail outlets and modern trade stores, as well as e-commerce platforms. It runs seven manufacturing plants across West Bengal, Telangana and Uttar Pradesh.

Ganesh Consumer Products IPO latest GMP