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?
- Step 1: Open the link to the official registrar of the issue on this URL: (https://in.mpms.mufg.com/Initial_Offer/public-issues.html)
- Step 2: Select the company from the dropdown menu.
- Step 3: Filling in details like PAN, application number or DP client ID.
- Step 4: Press the 'Submit' button
- Step 5: Your allotment status will be shown in the window.
- Step 1: Open the website of NSE by clicking on this direct link (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp).
- Step 2: Select the company 'Ganesh Consumer Products' by selecting Equity & SME IPO bid details.
- Step 3: Fill in the necessary details like IPO Application number or PAN details after selecting the company symbol.
- Step 4: Press the 'Submit' button
- Step 5: The allotment status will be shown in the window.
- Step 1: Open the website of Bombay Stock Exchange (BSE).
- Step 2: Click on 'Investors' option.
- Step 3: On the 'Investor Services' dropdown, click on 'Status of Issue Application'.
- Step 4: Click on 'Application Status Check'.
- Step 5: Select Equity in the issue type.
- Step 6: Fill in the required details including the 'Issue Name'.
- Step 7: Enter PAN number and click on 'Search' to view the status.
The company that produces consumer staples like wheat flour, maida, sooji and dalia, along with packaged instant food mixes, spices, and ethnic snacks, plans to spend Rs 60 crore of the fresh issue proceeds for repayment of certain borrowings.
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.
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