Ganga Bath Fittings Limited: Upcoming IPO Launch
Ganga Bath Fittings Limited is set to make waves in the stock market with its Initial Public Offering (IPO) valued at ₹32.65 crore. The subscription window for this exciting opportunity opens from June 4 to June 6, 2025. This IPO will feature a fresh issue of 66.63 lakh shares, which will be listed on the NSE SME platform, making it accessible for a variety of investors.
Investment Requirements
For retail investors, the minimum investment required is ₹1,47,000, which corresponds to one lot of 3,000 shares. High Net Worth Individuals (HNIs) must apply for a minimum of ₹2,94,000, equivalent to two lots (6,000 shares). This structured investment approach allows both retail and institutional investors to participate in the company’s growth story.
Kfin Technologies Limited has been appointed as the registrar for the issue, while Jawa Capital Services Private Limited serves as the lead manager, ensuring a smooth process for potential investors.
Ganga Bath Fittings IPO GMP & Expected Listing Price
As of 10:00 AM on June 4, 2025, the Grey Market Premium (GMP) for the Ganga Bath Fittings IPO stands at ₹1. With an IPO price band set between ₹46 and ₹49, the expected listing price is projected to be around ₹50, indicating a potential listing gain of approximately 2%. This positive outlook may attract more investors looking for short-term gains.
| Date | GMP | Expected Listing Price | Last Updated |
|---|---|---|---|
| 04-06-2025 | ₹1 | ₹50 | 10:00 AM |
| 03-06-2025 | ₹1 | ₹50 | 10:00 AM |
| 02-06-2025 | ₹0 | ₹49 | 1:00 PM |
| 01-06-2025 | ₹0 | ₹49 | 11:30 PM |
| 31-05-2025 | ₹0 | ₹49 | 11:30 PM |
| 30-05-2025 | ₹0 | ₹49 | 11:30 PM |
Everything You Need to Know About the Ganga Bath IPO
Key Details
- Face Value: ₹10 per share
- Lot Size: 3,000 shares
- Issue Price Band: ₹46 to ₹49 per share
- Listing At: NSE SME
- Total Issue Size: 66,63,000 shares (aggregating up to ₹32.65 crore)
For more detailed documents, you can access the Draft Red Herring Prospectus (DRHP) here and the Red Herring Prospectus (RHP) here.
Ganga Bath Fittings IPO Timeline
The timeline for the Ganga Bath Fittings IPO is as follows:
- Opening – Closing Dates: June 4 – June 6
- Cut-off Time for UPI Mandate Approval: 5 PM on June 6
- IPO Allotment: June 9
- Amount Refund: June 10
- Credit of Shares: June 10
- Listing Date: June 11
Investments & Lot Size Details for Ganga Bath IPO
Application Details
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,47,000 |
| Retail (Max) | 1 | 3,000 | ₹1,47,000 |
| HNI (Min) | 2 | 6,000 | ₹2,94,000 |
Ganga Bath Fittings Company Overview
Incorporated in 2018, Ganga Bath Fittings Limited specializes in manufacturing and supplying a diverse range of bathroom accessories, including CP taps, showers, sanitary ware, ABS fittings, vanities, sinks, and door handles. The company operates a modern manufacturing facility in Shapar-Veraval, Gujarat, utilizing advanced technology to ensure high-quality products tailored to customer specifications.
Product Offerings
The company’s products are marketed under the brand name "GANGA" and include:
- CP Bath Fittings: Durable chrome-plated taps and fixtures
- Sanitary Ware: Products suitable for both residential and commercial spaces
- PTMT Taps: Strong, wear-resistant taps made from PTMT
- Stainless Steel Showers: Sleek and long-lasting shower designs
- ABS Accessories: Lightweight and sturdy bathroom fittings
As of December 2024, Ganga Bath Fittings had 150 SKUs in its GPI segment and served customers across India through a network of over 2,500 long-term distributors, emphasizing personalized service. The company is also ISO 9001:2015 certified for its quality management system in designing and manufacturing various bath fittings and accessories.
Ganga Bath Fittings Company Finances
Financial Performance
- Revenue: ₹32.31 crore for the period ending December 31, 2024
- Total Assets: ₹43.67 crore as of December 2024
- Profit After Tax (PAT): ₹4.53 crore as of December 2024
This financial performance indicates a robust growth trajectory, making Ganga Bath Fittings an attractive option for potential investors.
Ganga Bath Fittings IPO FAQs
What is the price band set for the Ganga Bath Fittings IPO?
The issue price band for the Ganga Bath Fittings IPO is ₹46 to ₹49 per share.
What is the total issue size of the Ganga Bath Fittings IPO offering?
The total issue size of the IPO is ₹32.65 crore.
What is the lot size for the Ganga Bath Fittings IPO?
Each lot consists of 3,000 shares, with a minimum investment of ₹1,47,000.
What are the allotment and listing dates for the Ganga Bath Fittings IPO?
The allotment is set for June 9, and the listing is scheduled for June 11.
As the IPO date approaches, investors are encouraged to conduct thorough research and consider their investment strategies. With Ganga Bath Fittings Limited poised for growth, this IPO could be a significant opportunity for those looking to invest in the burgeoning bathroom fittings market.