Ganesh Consumer Products GMP and IPO details
The IPO from Ganesh Consumer Products is priced between RS 306 and RS 322 per share. The Gray Market Premium (GMP) was on RS 11 on September 23, which suggests that a potential listing price of RS 333, which translated into a possible premium of 3.42% above the top of the price band.
The funds that are collected by the new issue will be allocated for the repayment of debts, setting up a new roasted grammary and grammary production facility in Darjeeling and general business purposes. The OFS part will facilitate a ring reduction by promoters – from 75.3% to 64.1%.
Problem structure and anchor investments
The total problem is RS 409 Crore, including a new number of RS 130 Crore and an offer for sale (OFS) from RS 278.8 Crore. Bengal Finance, supported by investor Ashish Kacholia, participated as Anker investor prior to the IPO launch.
About Ganesh Consumer Products
Ganesh Consumer Products, with headquarters in Kolkata, is valued on two largest packaged wheat flower brand in East India. It is strongly present in wheat -based products such as Maida, Sooji and Dalia. The company is also a top two player in gram-based products-sattu and BESAN-BEVELEN market shares of 43% and 5% respectively.
The flagship “Ganesh” brand has 42 products in 232 SKUs, including Atta, Maida, Sooji, Dalia, sattu, besan, spices, instant mixes and ethnic snacks. The B2C segment drives almost 77% of sales, supported by a wide distribution network consisting of 28 C&F agents, 9 Super Stockists and 972 distributors. Ganesh Consumer Products currently reaches more than 70,000 stores in West Bengal, Bihar, Odisha, Jharkhand and Assam.
Financial performance of Ganesh -Consumenten products
For FY25, the company reported a revenue growth of 12% JoJ and RS reached 8,505 million. The profit after the tax rose to RS 35.4 Crore, with an EBITDA margin of 8.6% and a pat -margin of 4.2%. The profit per share (EPS) improved to RS 8.8 of RS 6.7 in the previous tax. At the top price band, the IPO implies a rating of 36.7x FY25 income, with a market capitalization after the RS 1.301 Crore edition.
What do analysts say?
Anand Rathi Research has a “Subscribe – long -term” rating assigned to the IPO of Ganesh Consumer Products, referring to the leadership of the company in regional markets, strong brand portfolio and robust distribution network. While the IPO is fully appreciated, its expansion to snacks and herbs, combined with the established brand value, provides potential for long -term investors looking for exposure in the consumers segment of staples.
(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
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