Ganesh Consumer Products IPO – Review

Ganesh Consumer Products Limited, an organization committed to providing good quality food products, is planning to raise ₹409 Crore through an IPO.

[Fresh Issue ₹130 Cr + OFS ₹279 Cr]

Ganesh consumer ipo price is ₹306 – ₹322 per share

 

Ganesh Consumer Products: History

The Company was originally incorporated as Ganesh Wheat Products Private Limited, a private limited company under the Companies Act, 1956, at Kolkata, West Bengal, on March 9, 2000.

The Company was converted into a public limited company under a special resolution passed by the shareholders on July 13, 2024, and its name was changed to Ganesh Consumer Products Limited under a fresh certificate of incorporation issued by the RoC on August 12, 2024.

 

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Ganesh Consumer Products: Business

Ganesh Consumer Products Ltd. is a Fast Moving Consumer Goods (FMCG) company headquartered in Kolkata, West Bengal, India.

The Company offers a wide range of consumer staples comprising –

  • Whole Wheat Flour (atta),
  • Wheat and Gram-based Value-added Flour Products, including cracked wheat – dalia, gram flour – besan, refined wheat flour – maida, roasted gram flour – sattu, semolina flour – sooji, amongst others, and
  • Emerging Food Products including packaged instant food mixes (khaman dhokla and bela kachori), spices (coriander, chilli, and turmeric), ethnic snacks bhujia and chanachur) and ethnic flours such as pearl millet (bajri) flour, singhara flour, etc.

 

Ganesh Consumer Products

 

The Company is the third-largest brand of packaged whole wheat flour (atta) and the largest brand of wheat-based derivatives (dalia, maida, sooji) in East India.

It is also one of the top two players for packaged sattu and besan in East India, with a share of 42% (sattu) and 5% (besan) in the East India market.

As of 31 March 2025, the company’s product portfolio includes 42 products across 232 (stock keeping unit) SKUs spanning multiple food categories.

The Company’s products are marketed and sold under the flagship brand “Ganesh”.

 

Network

As of 31 March 2025, the company has a robust network comprising 9 super stockiest, 28 C&F agents, and 972 distributors (reaching more than 70,000 retail outlets).

 

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Strategies Ahead

  • Grow distribution network and B2C operations to expand geographical presence.
  • Enhance the existing product portfolio and its diversification.
  • Enhance brand awareness
  • Undertake initiatives to optimize company operations.

 

Company Promoters

  1. Purushottam Das Mimani,
  2. Manish Mimani,
  3. Madhu Mimani,
  4. Manish Mimani (HUF),
  5. Srivaru Agro Private Limited

 

Refer to Ganesh consumer products DRHP for detailed information.

 

IPO Details

ipo date = 22 to 24 September 2025

Minimum Amount = ₹14,812

Minimum Bid = 46 Shares

Face Value (FV) = ₹10

Listing On = NSE, BSE

 

Book Running Lead Managers

DAM Capital Advisors

IIFL Capital

 

Financials

 

CONCLUSION

FinBlab recommends ‘MAY SUBSCRIBE‘ ratings on Ganesh Consumer IPO

 

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