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IPO | Ganesh Consumer Products IPO Opens Sep 22 to Raise ₹409 crore
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Ganesh Consumer Products to raise ₹409 crore via IPO to expand production and reduce working capital debt.
Ganesh Consumer Products is launching its IPO on September 22, aiming to raise ₹409 crore. The IPO has a price band of ₹306 to ₹322 per equity share. It consists of a fresh issue of ₹130 crore and an Offer For Sale (OFS) of ₹279 crore. The fresh issue proceeds are planned for setting up a new gram flour and roasted gram flour production facility near Siliguri, repaying working capital loans, and for general corporate purposes.