Ganesh Consumer Products IPO Day One — Check Subscription Details, GMP, Other Key Details
The price band for the IPO is set between Rs 306 and Rs 322 per share.
Ganesh Consumer Products Ltd. launched its initial public offering on Sept. 22, Monday and the IPO was subscribed 0.04 times as of 11:07 a.m.
The company plans 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 is a book-building issue worth Rs 408.80 crore. It comprises a fresh issue of 40 lakh shares, amounting to Rs 130 crore, and an offer-for-sale (OFS) of 87 lakh shares, aggregating to Rs 278.80 crore.
The price band for the IPO is set between Rs 306 and Rs 322 per share.
To participate in the IPO, retail investors need to bid for a single lot size of 46 shares, requiring an investment of Rs 14,812. Small Non-Institutional Investors (sNII) need to bid for 14 lots, amounting to an investment of Rs 2,07,368. Big Non-Institutional Investors can participate in the IPO by bidding for a minimum of 68 lots. It will require a minimum investment of Rs 10,07,216.
Dam Capital Advisors Ltd. is 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
IPO Day One Subscription Status
The Ganesh Consumer Products IPO was subscribed 0.04 times as of 11:07 a.m. on Monday.
Institutional investors (QIB): nil
Non-Institutional investors (NII): 0.01
Retail investors: 0.07
Ganesh Consumer Products IPO GMP
The latest grey market premium of Ganesh Consumer is Rs 10, as per Investorgain.com. The stock's estimated listing price is Rs 332, implying a gain of 3.11% over the IPO price of Rs 322.
Note: GMP does not represent official data and is based on speculation. GMP data sourced from InvestorGain.
