Ganesh Consumer Products IPO GMP : Ganesh Consumer Products Ltd (GCPL) will conclude its initial public offering (IPO) today, September 24. The IPO, which opened on September 22, is priced in the band of Rs 306 to Rs 322 per share. Based on the upper price band, the issue size is pegged at Rs 408.8 crore. The offering includes a fresh issue of Rs 130 crore, while the offer-for-sale (OFS) component consists of 86,58,333 shares. At the upper price band, the company’s market capitalisation upon listing is estimated at Rs 1,301 crore. Tepid reaction from investors The IPO has received a lukewarm response from investors. As of 10:42 am, bids were received for 44,73,040 shares against 89,12,228 shares on offer, according to BSE data, implying overall subscription of around 50 per cent.

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