The share allotments for Ganesh Consumer Products IPO will likely be finalised by today, September 25. The Rs 451-crore issue was subscribed nearly three times its offer size during its three days of public bidding.
The Kolkata-based FMCG company had launched its maiden public issue to raise Rs 408.80 crore through a fresh issue of shares worth Rs 130 crore, and an offer for sale (OFS) of shares worth Rs 278.8 crore by the existing promoters at a price band of Rs 306-322 per share.
Ganesh Consumer Products IPO GMP:
Ahead of listing, the unlisted shares of the company were trading with a little more than 1 percent grey markets premium (GMP) over the IPO price, according to data on Investorgain and IPO Watch.
The GMP quoted by the sites has fallen from the 8 percent cited last week.
IPO applicants can check their Ganesh Consumer Products IPO allotment status on the official website of the registrar, MUFG Intime India. The status will also be available on the websites of stock exchanges BSE and NSE.
Ganesh Consumer Products IPO: How to check allotment status on MUFG Intime India?
Further, Rs 45 crore will be used for setting up of a roasted gram flour and gram flour manufacturing unit in West Bengal's Darjeeling, and the remaining amount will be set aside for general corporate purposes.
Follow all IPO news here.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.