FMCG/Consumer - Listed on 29 September 2025
Ganesh Consumer (FMCG/Consumer) closed its IPO window in 2025 and listed on NSE and BSE on 29 September 2025 at an upper band issue price of Rs 322, opening at Rs 296 for a listing gain of -8.1% and closing day one at Rs 294.3 (-8.6% on closing basis). The IPO was subscribed 2.67x overall - QIB 4.18x, HNI/NII 4.34x, Retail 1.15x. The total issue size was Rs 408.8 Cr (Fresh Issue Rs 130 Cr, OFS Rs 278.8 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
FMCG/Consumer
Ganesh Consumer operates in the FMCG/Consumer space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Ganesh Consumer issue was offered at an upper price of Rs 322 and raised approximately Rs 408.8 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 15 | +4.66% |
| Day 2 | Rs 15 | +4.66% |
| Day 3 | Rs 15 | +4.66% |
| Day 4 | Rs 12 | +3.73% |
| Day 5 | Rs 10 | +3.11% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Ganesh Consumer IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Ganesh Consumer IPO listed at -8.1% versus the upper issue price of Rs 322 on 29 September 2025.
Ganesh Consumer IPO was subscribed 2.67x overall. QIB portion was subscribed 4.18x, HNI / NII 4.34x and Retail 1.15x.
IPO GMP started at Rs 15 on Day 1 and moved to Rs 10 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.