Ganesh Consumer Products IPO GMP Day 3 Summary
Ganesh Consumer Products IPO's Day 3 grey market premium (GMP) stands at ₹9, indicating modest listing gains of around 3% over the issue price, while the issue has seen a muted subscription of 44% by the close of the bidding window.
Ganesh Consumer Products, an established FMCG brand, closed its IPO subscription on September 24, 2025, raising ₹408.8 crore through a combination of fresh issue and offer for sale. The IPO price band was set at ₹306-₹322 per share, with a minimum application size of 46 shares for retail investors. The IPO received an overall subscription of 44% by Day 3, with the following breakdown:
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Qualified Institutional Buyers (QIB): 51%
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Non-Institutional Investors (NII): 26%
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Retail Investors: 47%
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Employee Segment: 110%
Grey Market Premium (GMP) Trends
The grey market premium for the Ganesh Consumer IPO was reported at ₹9 per share on Day 3, suggesting an estimated listing price of ₹331 against the upper price band of ₹322. This indicates a potential listing gain of approximately 2.8-3.1%, reflecting limited but positive sentiment among informal traders. GMP values had peaked at ₹25 earlier but cooled off as institutional momentum slowed.
Key Dates and Allotment Details
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IPO Open: September 22, 2025
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IPO Close: September 24, 2025
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Basis of Allotment: September 25, 2025
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Refund Initiation & Demat Credit: September 26, 2025
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Listing Date: September 29, 2025
Market Sentiment and Outlook
Despite modest GMP and subscription levels, the IPO is expected to see a flat to marginally positive listing. Investors should note that GMP data is speculative and may not reflect official valuations or actual listing outcomes. Ganesh Consumer's long-standing industry reputation and pan-India retail presence provide a solid business foundation, but overall demand for the issue remained tepid through the bidding period
Ganesh Consumer IPO’s Day 3 update shows cautious optimism, with GMP suggesting slight upside, but investors should await allotment and listing for clearer market direction.
