New Delhi, Sept. 24 -- Ganesh Consumer Products, one of the leading packaged food companies in East India, has opened its IPO on September 22 and will close today, September 24.

The Rs.409 crore IPO, had fixed a price band in the range of Rs.306-322 apiece. Ahead of the issue opening, marquee investor Ashish Kacholia-backed Bengal Finance invested in the anchor round.

By the end of Day 2, the issue was subscribed 0.42 times. It received bids for 36.93 lakh crore shares as against 88.96 lakh on offer. The retail portion was booked 0.44 times while the non-institutional investors (NII) category was bid 0.23 times and the qualified institutional buyers (QIBs) quota was bid 0.49 times. Finally, the employee portion was booked 1.12 times.

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