Ganesh Consumer shares list at ₹324, no premium pop
Ganesh Consumer Products just went public on both the BSE and NSE.
Their IPO, which ran from September 22 to 24, was pretty popular—oversubscribed by 2.67 times—and helped the company raise ₹408.8 crore at a price band of ₹306-₹322 per share, with higher subscription levels from institutional and non-institutional investors compared to retail investors.
Grey market premium just ₹2
Even with all that IPO excitement, analysts say the stock's debut is likely to be pretty quiet.
The gray market premium is just ₹2, hinting at a flat opening around ₹324 per share and not much room for quick profits right now (shares are already priced at 36-37 times estimated FY25 earnings).
Experts feel Ganesh Consumer's real test will be growing its brand and expanding smartly in the super competitive FMCG space over time.