Ganesh Consumer Products Limited, a prominent player in the FMCG sector specializing in packaged foods, has reported no utilization of funds from its Rs. 130 crore Initial Public Offering (IPO) during the quarter ended September 30, 2025. This information comes from the company's latest IPO monitoring report for Q2 FY26.

Key Highlights

• Unutilized Funds: The entire IPO proceeds of Rs. 130 crore remain unutilized and are currently held in bank accounts.
• Monitoring Agency: CARE Ratings, acting as the monitoring agency, found no deviation from the stated objectives of fund utilization.
• Fund Allocation: The planned deployment of funds includes:
  • Rs. 60 crore for debt repayment
  • Rs. 45 crore for setting up a manufacturing unit
  • Rs. 14.20 crore for general corporate purposes

Detailed Fund Allocation

Current Fund Status

As per the monitoring report, the IPO proceeds are currently held in two separate bank accounts:

1. Rs. 10.80 crore in the Public Issue Account with Axis Bank
2. Rs. 119.20 crore in the Monitoring Account with Axis Bank

Implementation Timeline

The company has set the following deadlines for fund utilization:

• Debt repayment: March 31, 2026
• Manufacturing unit setup: March 31, 2027
• General corporate purposes: March 31, 2027

The monitoring agency report indicates that all these objectives are currently ongoing, with no delays reported as of now.

Company Background

Ganesh Consumer Products Limited, formerly known as Ganesh Grains Limited, is headquartered in Kolkata, West Bengal. The company operates in the FMCG sector, focusing on packaged food products.

The company has not yet utilized the IPO funds but remains committed to its stated objectives. Investors and market observers will likely continue to monitor the company's progress in implementing its plans in the coming quarters.

Ganesh Consumer Products Limited (NSE: GANESHCP, BSE: 544528) has announced an interim dividend of Rs. 2.50 per equity share for the financial year 2025-26, as approved by its Board of Directors on November 6, 2025.

Dividend Details

Key Dates

The interim dividend will be paid to shareholders whose names appear on the company's register of members as of the record date.

Financial Performance

The dividend declaration comes on the heels of Ganesh Consumer Products' strong financial performance for Q2 FY26:

Management Commentary

Manish Mimani, Chairman and Managing Director, stated, "FY26 marks a proud milestone for Ganesh Consumer Products Limited as a newly listed company. In Q2 FY26, we achieved our highest-ever quarterly sales, with B2C staples (ex-Sattu) up 15.4% in value and 6.4% in volume, supported by festive demand and evolving consumer preferences."

Business Highlights

• Strong performance in the spices segment with 23% year-over-year growth
• E-commerce and quick commerce channels surged 97.1% year-over-year
• Gross margins expanded 350 basis points to 26%
• The company repaid Rs. 970.00 million of debt following its IPO

Sustainability Initiative

Ganesh Consumer Products has signed a Solar PPA with Roofsol Renewables for five facilities, advancing its green initiatives and aiming to reduce power costs by approximately Rs. 0.65 million annually from FY27 onwards.

The interim dividend announcement, coupled with strong financial results, underscores Ganesh Consumer Products' commitment to delivering value to its shareholders while maintaining a robust growth trajectory in the packaged consumer staples sector.