Ganesh Consumer Products IPO Subscribed 2.67 Times On Final Day
The price band for the IPO was set between Rs 306 and Rs 322 per share.
Ganesh Consumer Products Ltd.'s initial public offering (IPO) was subscribed 2.67 times as of 7 p.m. on Wednesday for its final day of bidding. The IPO was subscribed 0.41 times on its second day of bidding, led by employee reserved. The IPO was subscribed 0.12 times on its first day. The company planned to raise over Rs 400 crore from the primary market. It is an FMCG company specialising in food grain flours.
The Ganesh Consumer Products IPO was a book-building issue worth Rs 408.80 crore. It comprised a fresh issue of 40 lakh shares, amounting to Rs 130 crore, and an offer for sale of 87 lakh shares, aggregating to Rs 278.8 crore.
The price band for the IPO was set between Rs 306 and Rs 322 per share. Dam Capital Advisors Ltd. was the book-running lead manager and MUFG Intime India Ltd. is the registrar for the issue.
IPO Details
IPO size: Rs 408.80 crore
Price band: Rs 306 to Rs 322
Opening date: Sept. 22
Closing date: Sept. 24
Listing date: Sept. 29
Minimum lot size: 46 equity shares
Subscription Status: Day 3
The Ganesh Consumer Products IPO was subscribed 2.67 times as of 7 p.m. on Wednesday.
Institutional investors (QIB): 4.18 times.
Non-Institutional investors (NII): 4.34 times.
Retail investors: 1.15 times
Employee Reserved: 2.03 times
Ganesh Consumer Products IPO GMP
The latest grey market premium of Ganesh Consumer is Rs 4, as of 6:53 p.m. according to Investorgain.com. The stock's estimated listing price is Rs 326, implying a gain of 1.24% over the IPO price of Rs 322.
Note: GMP does not represent official data and is based on speculation. GMP data sourced from InvestorGain.
