September 20, 2025

Big buzz in the market as Ganesh Consumer Products has already raised a whopping Rs 122 crore from anchor investors before its initial public offer (IPO) officially kicks off on September 22! This Kolkata-based FMCG company, famous for its tasty wheat flour and packaged food products in eastern India, set the share price right at the top—Rs 322 per share. Big shots from domestic and global funds couldn’t resist grabbing these shares. Among the star buyers, Ashish Kacholia-backed Bengal Finance and Subhkam Ventures each scooped up 5.89 lakh shares. Together, they make up over 31% of the total anchor investment. The party isn’t just local—global heavyweights like Samsung India Small and Mid Cap Focus Securities Master Investment Trust and Samsung India Securities Master Investment also joined, snapping millions of shares. Other overseas players like LC Pharos Multi Strategy Fund, Citigroup Global Markets Mauritius, and Singularity Equity Fund I hopped on the bandwagon too! On the home front, mutual funds and alternative investment vehicles including PGIM India Equity Growth Opportunities Fund Series II, Sanshi Fund I, and Rajasthan Global Securities eagerly grabbed large chunks. Diving into the IPO details, Ganesh Consumer is aiming to raise Rs 409 crore. This includes a fresh issue of Rs 130 crore and an offer-for-sale of Rs 278.8 crore. The price band is from Rs 306 to Rs 322 per share, with the smallest pack of 46 shares costing retail investors Rs 14,812 at the top price. The IPO will close on September 24, allotments come on September 25, and the shares could start trading from September 29. What’s exciting? Ganesh Consumer has carved a unique spot in eastern India with its atta, maida, sooji, and is growing with spices and ethnic foods. The fresh money will help pay off debts and build a new manufacturing plant in Darjeeling, West Bengal. So, with top investors joining the Ganesh bandwagon, it’s going to be exciting to watch this IPO unfold!

Read More at Economictimes →

Tags: Ganesh consumer products, Ipo, Anchor investors, Ashish kacholia, Fmcg, Stock market,