Khaitan & Co. advised Ganesh Consumer on its initial public offering worth INR 408.7 crores. Duane Morris & Selvam, Singapore acted as international legal counsel to the book running lead managers (BRLMs) on this transaction.
The BRLMs on this transaction included DAM Capital Advisors, IIFL Capital Services and Motilal Oswal Investment Advisors.
The IPO comprises fresh issue of equity shares, worth up to INR 130 crore, and an offer for sale of 86,58,333 equity shares, aggregating up to INR 278.8 crore.
Ganesh consumer is a leading FMCG company in east India, ranked among the top packaged atta and wheat-based derivatives brands. Its portfolio includes flours, instant mixes, spices, and ethnic snacks, sold under the flagship Ganesh brand through a wide distribution network and e-commerce platforms.
Khaitan’s team consisted of partners Gautham Srinivas and Sathvik Ponnappa, principal associate Sanjeev Chowdhary, senior associate Vanshika Chaudhry and associates Anubhav Jaiswal, Nandini Didwania and Shambhavi Gautam.
