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.

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