Ganesh Consumer Products Launches Rs 408.80 Crore IPO
Kolkata-based FMCG company Ganesh Consumer Products Ltd. has opened its IPO to raise Rs 408.80 crore. The issue includes a fresh issue of Rs 130 crore and an offer-for-sale of Rs 278.80 crore. The price band is set at Rs 306-322 per share, with the subscription period from September 22-24. The company, specializing in wheat-based products, spices, and food mixes, plans to use the funds for debt clearance, capital expenditure, and general corporate purposes. Recent financial results show a 31.27% increase in profit to Rs 35.43 crore and a 12% growth in revenue to Rs 850.46 crore.
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Ganesh Consumer Products Ltd. IPO: Key Details and Insights
Ganesh Consumer Products Ltd., a Kolkata-based FMCG company specializing in food grain flours, has opened its Initial Public Offering (IPO) to raise Rs 408.80 crore. The IPO presents an opportunity for investors to participate in the growth of this wheat-based products manufacturer.
IPO Details
- Issue Size: Rs 408.80 crore
- Fresh Issue: Rs 130 crore
- Offer-for-Sale: Rs 278.80 crore
- Price Band: Rs 306 - Rs 322 per share
- Subscription Period: September 22-24
- Listing Date: September 29 (Scheduled)
- Stock Exchanges: BSE and NSE
Key Points for Investors
- Minimum Investment: Retail investors can apply for a minimum of 46 shares, requiring an investment of Rs 14,812
- Grey Market Premium: Rs 12 per share, suggesting an estimated listing price of Rs 334
- Use of Proceeds: The company plans to utilize the funds for debt clearance, capital expenditure, and general corporate purposes
Company Overview
Ganesh Consumer Products Ltd. is an FMCG company that focuses on manufacturing:
- Wheat-based products
- Spices
- Food mixes
Financial Performance
The company has shown promising growth in its recent financial results:
| Metric | Value | Growth |
|---|---|---|
| Profit | Rs 35.43 crore | 31.27% increase |
| Revenue | Rs 850.46 crore | 12% growth |
This IPO presents an opportunity for investors interested in the FMCG sector, particularly in a company specializing in food grain products. As always, potential investors should conduct their own research and consider their financial goals before making investment decisions.
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