Ganesh Consumer Products IPO - Listing Performance & Details

Ganesh Consumer Products Limited traces its brand origins to 1936 and was incorporated as a company in 2000. It is headquartered in Kolkata, West Bengal, and works in the FMCG sector as a packaged wheat and gram-based food products company.

The company sells its products under the "Ganesh" brand, including whole wheat flour (atta), value-added flour products such as maida, sooji and besan, roasted gram products (sattu), spices, and ethnic snacks, with a portfolio of 42 products across 232 SKUs as of March 2025. As of FY25, it was the largest brand in wheat-based derivatives and third-largest packaged atta brand in East India by value sold, with strong positions in packaged sattu (about 43% share) and besan (about 5% share) in the region. It operates seven manufacturing facilities across West Bengal, Uttar Pradesh and Telangana, and distributes through more than 70,000 retail outlets across West Bengal, Jharkhand, Bihar, Odisha and Assam, alongside B2B sales to FMCG companies and HoReCa businesses. B2C operations accounted for about 77% of FY25 revenue.

Revenue from operations rose from Rs 610.75 crore in FY23 to Rs 759.07 crore in FY24 and Rs 850.46 crore in FY25, with profit after tax at Rs 27.10 crore in FY23, Rs 26.99 crore in FY24 and Rs 35.43 crore in FY25, as per the RHP. The IPO was a mainboard book-built issue of about Rs 409 crore on the NSE and BSE, comprising a fresh issue of Rs 130 crore and an offer for sale of up to 86,58,333 equity shares by promoter and investor selling shareholders, priced at Rs 322 per share, and it listed in September 2025. Net proceeds from the fresh issue were earmarked for repayment of certain borrowings (Rs 60 crore) and capital expenditure on a new roasted gram flour and gram flour manufacturing unit in Darjeeling, West Bengal (Rs 45 crore), with the balance for general corporate purposes.