Ganesh Consumer Products to Raise ₹409 Crore Through IPO, Opening September 22

Main Article
Sat, Sep 20, 12:33 AM IST

Kolkata-based Ganesh Consumer Products is set to launch its Initial Public Offering (IPO) on September 22, 2025, aiming to raise ₹409 crore. The price band has been fixed between ₹306–₹322 per equity share.

 

The issue comprises:

 

  • Fresh Issue: ₹130 crore
  • Offer for Sale (OFS): ₹279 crore

 

Utilisation of Fresh Issue

 

According to Chairperson & MD Manish Mimani, the proceeds from the fresh issue will be directed towards:

 

  • ₹45 crore: Establishing a new production facility for gram flour and roasted gram flour near Siliguri
  • ₹60 crore: Repayment of working capital loans
  • ₹25 crore: General corporate purposes

 

Shareholding Details

 

Currently, the promoters’ group holds 75% stake, and Motilal Oswal holds nearly 25%. Post-OFS, these holdings will be reduced to approximately 64% and 4.5% respectively.

 

Financial Performance

In FY25, Ganesh Consumer Products reported:

Revenue: ₹850.4 crore

Net Profit: ₹35.4 crore

 

Market Outlook

 

CFO Amit Tapadia stated that the packaged consumer staples segment in Eastern India is expected to double its share to 36–40% in the next five years, reflecting strong potential for growth.

 

This IPO marks a significant milestone for a Kolkata-grown FMCG brand, further strengthening the city’s footprint in India’s consumer products industry.

 

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