Ganesh Consumer Products Limited is a fast-growing FMCG company headquartered in Kolkata, West Bengal. Recognized as a leading brand for wheat-based derivatives such as maida, sooji, and dalia in Eastern India, the company has built strong consumer trust across its markets.
The product portfolio is diverse, spanning consumer staples and value-added categories:
- Whole Wheat Flour (Atta): Sharbati Atta, White Atta, Multigrain Atta, Diabetes Control Atta, and Gluten-Free Atta.
- Value-Added Flours: Bakery Maida, Super Fine Maida, Tandoori Atta, Rumali Atta.
- Roasted Gram & Sattu Variants: Multigrain Sattu, Sweet Sattu, Jaljeera Sattu, Chocolate Sattu.
- Spices: Turmeric, Chilli, Coriander, Cumin, and a variety of blended masalas.
- Other Offerings: Packaged instant food mixes, ethnic flours like Singhara and Bajri, and traditional snacks.
The flagship brand “Ganesh” anchors the company’s growth, with 11 new products and 94 SKUs launched in the last three years. B2C sales remain the core driver, contributing 77.63% of revenues as of June 30, 2024. The company also operates in B2B segments, supplying to FMCG players, HoReCa businesses, small retailers, and selling by-products like wheat bran for cattle feed.
Ganesh Consumer has built a wide distribution network consisting of 26 C&F agents, 8 super stockists, and 900 distributors, reaching over 70,000 retail outlets across West Bengal, Jharkhand, Bihar, Odisha, and Assam.
As of June 30, 2024, the company employed a workforce of 768 people (211 on-roll and 557 off-roll, skilled and unskilled labor), enabling strong operational efficiency and reach.
Ganesh Consumer Products IPO – Details
| IPO Opening Date | 22 September 2025 |
| IPO Closing Date | 24 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,26,95,600 Shares Worth ₹408.80 Crore Fresh Issue: 40,37,267 Shares Worth ₹130.00 Crore Offer For Sale: 86,58,333 Shares Worth ₹278.80 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹306 – ₹322 per share |
| Market Lot | 46 Shares |
| Min Order | 46 Shares [ 1 Lot ] |
| Employee Discount | ₹30 |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Ganesh Consumer Products IPO – Date Schedule
| IPO Open Date | 22 September 2025 |
| IPO Close Date | 24 September 2025 |
| Basis of Allotment | 25 September 2025 |
| Initiation of Refund | 26 September 2025 |
| Credit of Shares to Demat Account | 26 September 2025 |
| IPO Listing Date | 29 September 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 24, 2025 |
Ganesh Consumer Products IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 46 | ₹14,812 |
| Retail (Max) | 13 | 598 | ₹1,92,556 |
| S-HNI (Min) | 14 | 644 | ₹2,07,368 |
| S-HNI (Max) | 67 | 3,082 | ₹9,92,404 |
| B-HNI (Min) | 68 | 3,128 | ₹10,07,216 |
Competitive Strength
- Largest brand of packaged flour in East India.
- Diversified and continuously expanding product portfolio.
- Well-established and widespread multichannel distributor network and customer reach.
- Strategically located advanced manufacturing facilities with stringent quality standards.
- Visionary Promoter assisted with an experienced management team.
- Track record of healthy financial performance.
Company Promoters
- Purushottam Das Mimani
- Manish Mimani
- Madhu Mimani
- Manish Mimani (HUF)
- Srivaru Agro Private Limited
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | ₹460.44 Cr | ₹424.22 Cr | ₹27.14 Cr | ₹43.43 Cr |
| 31 March 2023 | ₹614.78 Cr | ₹578.38 Cr | ₹27.10 Cr | ₹86.13 Cr |
| 31 March 2024 | ₹765.26 Cr | ₹728.85 Cr | ₹26.99 Cr | ₹38.29 Cr |
| 31 March 2025 | ₹855.16 Cr | ₹807.24 Cr | ₹35.43Cr | ₹50.00 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 15.81% |
| ROCE | 19.81% |
| Debt/Equity | 0.22 |
| RoNW | 15.81% |
| PAT Margin | 4.17% |
| EBITDA Margin | 8.61% |
| Price to Book Value | 5.23 |
| Pre IPO | Post IPO | |
| EPS (₹) | 9.74 | 8.77 |
| P/E (x) | 33.06 | 36.72 |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Prepayment and/or repayment of all or a portion of certain outstanding borrowings availed by the Company. | ₹60.00 |
| Funding capital expenditure for the setting up of a roasted gram flour and gram flour manufacturing unit in Darjeeling, West Bengal. General corporate purposes. | ₹45.00 |
| General corporate purposes. | – |
Ganesh Consumer Products IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 2 | Patanjali Foods | 50.15 |
| 2 | 1 | Adani Wilmar Limited | 27.15 |
| 3 | 1 | Bikaji Foods International Limited | 97.40 |
| 4 | 1 | Gopal Snacks Limited | 107.00 |
✅Strengths
- Strong brand in Eastern India with wide product portfolio.
- Robust distribution (70,000+ outlets, 900 distributors).
- Fast growth – 29% revenue CAGR (FY22–24).
- Efficient operations – EBITDA margin 8.35%, low cash cycle (~31 days).
⚠️Risks
- Heavy dependence on Eastern India market.
- Raw material price volatility (wheat, spices).
- Strong competition from national FMCG players.
- Margins under pressure (decline in gross margin).
- Consumer preference for loose staples remains.
Ganesh Consumer Products IPO Promoter Holding
| Pre Issue Share Holding | 75.30% |
| Post Issue Share Holding | 64.07% |
Ganesh Consumer Products IPO Prospectus
Company Contact Information
| Ganesh Consumer Products Ltd. 88, Burtolla Street Kolkata, West Bengal, 700007 Phone: +9133 4015 7900 Email: info@ganeshconsumer.com Website: http://www.ganeshconsumer.com/ |
Ganesh Consumer Products IPO Registrar
| MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: ganeshconsumer.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Ganesh Consumer Products IPO Lead Manager(s)
| 1. DAM Capital Advisors Limited 2. IIFL Capital Services Limited 3. Motilal Oswal Investment Advisors Limited |
Ganesh Consumer Products IPO FAQs
| What is Ganesh Consumer Products IPO? Ganesh Consumer Products IPO is a main-board IPO. The issue is priced at ₹306 to ₹322 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will Ganesh Consumer Products IPO open? The IPO is to open on 22 September 2025 for QIB, NII, and Retail Investors. |
| What is Ganesh Consumer Products IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is Ganesh Consumer Products IPO Size? Ganesh Consumer Products IPO size is ₹408.80 Crore. |
| What is the Ganesh Consumer Products IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 46 Shares with ₹14,812, while the maximum bid is 598 Shares with ₹1,92,556. |
| What is the Ganesh Consumer Products IPO Allotment Date? Ganesh Consumer Products IPO allotment date is [25 September 2025. |
| What is the Ganesh Consumer Products IPO Listing Date? Ganesh Consumer Products IPO listing date is 29 September 2025. The IPO is to be listed on BSE and NSE. |
