Ganga Bath Fittings IPO: The Initial Public Offering (IPO) of Ganga Bath Fittings Limited has opened for subscription today, June 4, 2025, and will close on June 6, 2025. The company aims to raise ₹32.65 crore through a fresh issue of approximately 66.63 lakh equity shares. The shares are proposed to be listed on the NSE SME platform, with a tentative listing date of June 11, 2025.
Read more at :-Borana Weaves IPO Opens at a Price Band of ₹205–₹216 — Here’s Why the Market Is Buzzing
Ganga Bath Fittings IPO Details:
- Price Band: ₹46 to ₹49 per share
- Lot Size: 3,000 shares
- Minimum Investment: ₹1,38,000 for retail investors
- Lead Manager: Jawa Capital Services Private Limited
- Registrar: KFin Technologies Limited
- Issue Type: Book Building (SME)
- Face Value: ₹10 per share
- Total Issue Size: ₹32.65 crore
- Tentative Listing Date: June 11, 2025
Ganga Bath Fittings IPO Important Dates:
- IPO Open Date: June 4, 2025
- IPO Close Date: June 6, 2025
- Basis of Allotment: June 9, 2025
- Initiation of Refunds: June 10, 2025
- Credit of Shares to Demat Account: June 10, 2025
- Listing Date: June 11, 2025
Ganga Bath Fittings IPO Subscription Details:
As of 11:31 AM IST on June 4, 2025, the Ganga Bath Fittings IPO has been subscribed 10% on its opening day.
The IPO, aiming to raise ₹32.65 crore, offers 66.63 lakh equity shares. The subscription breakdown is as follows:
- Qualified Institutional Buyers (QIB): 69,000 shares (1.04%)
- Non-Institutional Investors (NII): 31,29,000 shares (46.96%)
- Retail Individual Investors (RII): 31,29,000 shares (46.96%)
- Market Maker: 3,36,000 shares (5.04%)
Ganga Bath Fittings IPO Grey Market Premium (GMP)
As of June 4, 2025, the Grey Market Premium (GMP) for Ganga Bath Fittings Limited’s IPO is reported to be between ₹1 and ₹3 per share. Given the IPO’s upper price band of ₹49, this suggests a modest expected listing gain of approximately 2% to 6% .
Ganga Bath Fittings Utilization of IPO Proceeds:
The net proceeds from the IPO are planned to be utilized as follows:
- Capital Expenditure: ₹20.13 crore will be used to purchase new machinery and equipment to expand production capacity and enhance operational efficiency.
- Debt Repayment: ₹5.32 crore is earmarked for the repayment or prepayment of certain borrowings, aiming to reduce financial liabilities and improve the company’s balance sheet.
- Working Capital Requirements: ₹2.70 crore will be allocated to meet the company’s working capital needs, ensuring smooth day-to-day operations.
- General Corporate Purposes: The remaining funds will be utilized for general corporate activities, including strategic initiatives and other business requirements.
Ganga Bath Fittings Financial Performance:
- FY 2023-24 Revenue: ₹32.01 crore (up from ₹30.68 crore in FY 2022-23)
- FY 2023-24 Profit After Tax (PAT): ₹2.47 crore
- 9 Months Ended December 31, 2024 Revenue: ₹32.3 crore
- 9 Months Ended December 31, 2024 PAT: ₹4.52 crore
Ganga Bath Fittings Company Overview:
Founded in 2018, Ganga Bath Fittings Limited specializes in manufacturing and supplying a wide range of bathroom accessories and sanitaryware products. Its product portfolio includes CP taps, ABS showers, PTMT taps, door handles, vanities, and sinks, marketed under in-house brands such as Ganga, Glimpse, Stepian, and Tora. The company operates a manufacturing facility in Shapar-Veraval, Gujarat, and has a distribution network of over 2,500 distributors.
1 thought on “Ganga Bath Fittings IPO: Booking Opens Today for ₹32.65 Crore Issue – Know the Details Before Investing”