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4h ago

Ganesh Consumer IPO Rises to 1.83 Times on Final Day as QIB and NII Orders Lead

Late-session bidding from institutional plus NII categories lifted demand.

Ganesh Consumer IPO | Image: freepik.com
Ganesh Consumer Products IPO GMP

Overview

  • As of 2:39 p.m. on Sept. 24, the IPO was subscribed 1.83 times with bids for 1.63 crore shares against 88,96,239 on offer, including QIB 2.51x, NII 3.36x and retail 0.79x.
  • The latest grey-market premium was quoted at Rs 5 around 11:53 a.m., implying an estimated Rs 327 listing price, though GMPs are unofficial and speculative.
  • The offer totals Rs 408.80 crore, combining a Rs 130 crore fresh issue (0.40 crore shares) and a Rs 278.80 crore offer for sale (0.87 crore shares) in a Rs 306–322 price band.
  • The bidding window closes today, with share allotment expected on Sept. 25 and a tentative listing on BSE and NSE slated for Sept. 29.
  • Ganesh Consumer Products is a Kolkata-based FMCG company known for wheat-based staples and related foods, with a brand presence built over roughly eight decades.