Ganesh Consumer Products lists at a discount of 8% at Rs 296.05 on the National Stock Exchange, while it was listed at Rs 295 on the BSE, a fall of 8.4% from the issue price.
The company had set the IPO price band between Rs 306 and Rs 322 per equity share. The IPO raised a sum of Rs 408.80 crore through a combination of fresh issue and an offer for sale. The issue’s bidding was opened for subscription on September 22 and closed on September 24. The allotment for the IPO was finalised on September 25.
Lot size
A retail application had to bid for a minimum of 46 shares in a single lot, which amounts to Rs 14,812. The lot size investment for a small NII is 14 lots of 644 shares, amounting to Rs 2 lakh, and for a big NII, it is 68 lots of 3,128 shares, aggregating to Rs 10 lakh.
Employee reservation
The issue included a reservation of up to 34,247 shares for employees offered at a discount of Rs 30 to the issue price.
Lead manager and registrar
Dam Capital Advisors was working as the book-running lead manager for the IPO of Ganesh Consumer Products, and MUFG Intime India was the registrar of the issue.