Ganesh Consumer Products Share Price Debuts Weak on Listing Day | Stock Market Today Update

Ganesh Consumer Products share price opened on a soft note in the stock market today, listing at ₹296.05 apiece on NSE. That’s an 8.06% discount from its IPO issue price of ₹322, signalling a cautious start despite strong interest during the subscription phase.

Market Performance Snapshot

• Listing Price (NSE): ₹296.05 per share
• Issue Price: ₹322 per share
• Listing Day Movement: Opened 8.06% lower

The listing reaction stood in contrast to the company’s solid IPO participation, indicating that investors opted for profit booking right from the debut.

Ganesh Consumer Products IPO Structure

To recap the public issue numbers:

• Total Issue Size: ₹408.80 crore
• Fresh Issue: 0.40 crore shares worth ₹130 crore
• Offer for Sale: 0.87 crore shares aggregating ₹278.80 crore
• Lot Size: 46 shares (₹14,812 at upper band)
• Employee Reservation: 34,247 shares at ₹30 discount

The IPO window remained open between September 22–24, with allotments wrapped up by September 25.

Subscription Numbers at a Glance

• Overall Subscription: 2.68 times
• Retail Investors: 1.17x
• Non-Institutional Investors: 4.41x
• Qualified Institutional Buyers: 4.03x
• Employee Quota: 2.14x

Additionally, ₹134.97 crore was raised via anchor placement ahead of the IPO launch.

Where Will the IPO Funds Go?

The company has outlined clear utilisation plans for the proceeds:

• Debt Reduction: Prepayment or repayment of select borrowings
• New Facility Setup: Roasted gram flour and gram flour manufacturing unit in Darjeeling, West Bengal
• General Corporate Purposes

Inside Ganesh Consumer Products

Headquartered in Kolkata, Ganesh Consumer Products has carved out a strong space in the packaged staples category.

• 3rd-largest packaged wheat flour brand in East India (by value)
• Strong presence across maida, sooji, dalia
• Leading player in gram-based categories with
  • 43% market share in sattu
  • 5% share in besan

Its flagship “Ganesh” brand covers:

• 42 product lines
• 232 SKUs
• Spanning atta, sooji, dalia, instant mixes, spices and ethnic snacks

Summary

Ganesh Consumer Products share price listing at a discount may not reflect the full strength of its core business. The IPO subscription data and brand positioning indicate wide retail familiarity, but listing day action shows that the market preferred patience over euphoria.

With its roots deep in India’s packaged food consumption story, the stock will likely remain on watchlists as the market digests first-day volatility.