Mumbai: Ganesh Consumer Products is coming out with its IPO priced at Rs 306 to Rs 322 per equity share – aggregating to Rs 409 crore – which will open on September 22, 2025 and close on September 24, 2025.
The proceeds of the Issue to the extent of Rs 600 million will be utilized for prepayment/repayment of all or portion of certain outstanding borrowings availed by the Company: Rs 450 million will be utilized for funding capital expenditure for setting up a ‘roasted gram flour’ and ‘gram flour’ manufacturing unit in Darjeeling; and balance for general corporate purposes.
The Company is a FMCG company headquartered in Kolkata and is the third largest band of packaged whole wheat flour (atta), and largest brand in wheat-based derivatives (maida, sooji, dalia) in East India.
Manish Kumar Mimani, CEO/MD, said the Company had 7 manufacturing plants and 70,000 retail/customer touchpoints.
While there is a barely 18% packaged product market with the remaining 82% being loose product market, the emphasis is on expanding throughout the core market in West Bengal and also East India, he said.
The Company’s Revenue from Operations amounted to Rs 8,504.62 million during fiscal 2025 vis-à-vis Rs 6,107.5 million 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 to the Offer.
