Ganga Bath Fittings IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jun 04 to Jun 06 2025
Price Band
₹49
Current GMP
₹-2(-4.08%)
Subscription
1.64 times
IPO Details
| IPO Date | June 4, 2025 to June 6, 2025 |
| Listing Date | June 11, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹49 per share |
| Lot Size | 3,000 Shares |
| Total Issue Size | 66,63,000 shares (aggregating up to ₹32.65 Cr) |
| Fresh Issue | 66,63,000 shares (aggregating up to ₹32.65 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,55,44,848 shares |
| Share Holding Post Issue | 2,22,07,848 shares |
| Market Maker Portion | 3,36,000 shares |
IPO Date
June 4, 2025 to June 6, 2025
Listing Date
June 11, 2025
Face Value
₹10 per share
Issue Price
₹49 per share
Lot Size
3,000 Shares
Total Issue Size
66,63,000 shares (aggregating up to ₹32.65 Cr)
Fresh Issue
66,63,000 shares (aggregating up to ₹32.65 Cr)
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Share Holding Pre Issue
1,55,44,848 shares
Share Holding Post Issue
2,22,07,848 shares
Market Maker Portion
3,36,000 shares
IPO Subscription Details
| Market Maker | 1 |
| Qualified Institutions | 2.22 |
| Non-Institutional Buyers*** | 0.73 |
| Retail Investors | 2.55 |
| Total ** | 1.64 |
Market Maker
1
Qualified Institutions
2.22
Non-Institutional Buyers***
0.73
Retail Investors
2.55
Total **
1.64
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Jun 4, 2025 | 2.22 | 0.35 | 0.52 | 0.45 |
| Day 2 Jun 5, 2025 | 2.22 | 0.52 | 1.49 | 1.02 |
| Day 3 Jun 6, 2025 | 2.22 | 0.73 | 2.55 | 1.64 |
DayDay 1
Jun 4, 2025
QIB2.22
NII*0.35
Retail0.52
Total0.45
DayDay 2
Jun 5, 2025
QIB2.22
NII*0.52
Retail1.49
Total1.02
DayDay 3
Jun 6, 2025
QIB2.22
NII*0.73
Retail2.55
Total1.64
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 11-06-2025 | 49.00 | -2(-4.08%) | 47 |
| 10-06-2025 | 49.00 | -2(-4.08%) | 47 |
| 09-06-2025 | 49.00 | -2(-4.08%) | 47 |
| 08-06-2025 | 49.00 | 0(0.00%) | 49 |
| 07-06-2025 | 49.00 | 0(0.00%) | 49 |
| 06-06-2025 | 49.00 | 0(0.00%) | 49 |
| 05-06-2025 | 49.00 | 1(2.04%) | 50 |
| 04-06-2025 | 49.00 | 3.5(7.14%) | 52.5 |
| 03-06-2025 | 49.00 | 1(2.04%) | 50 |
| 02-06-2025 | 49.00 | 0(0.00%) | 49 |
| 01-06-2025 | 49.00 | 0(0.00%) | 49 |
| 31-05-2025 | 49.00 | 0(0.00%) | 49 |
| 30-05-2025 | 49.00 | 0(0.00%) | 49 |
Date11-06-2025
Price49.00
GMP-2(-4.08%)
Estimate List Price47
Date10-06-2025
Price49.00
GMP-2(-4.08%)
Estimate List Price47
Date09-06-2025
Price49.00
GMP-2(-4.08%)
Estimate List Price47
Date08-06-2025
Price49.00
GMP0(0.00%)
Estimate List Price49
Date07-06-2025
Price49.00
GMP0(0.00%)
Estimate List Price49
Date06-06-2025
Price49.00
GMP0(0.00%)
Estimate List Price49
Date05-06-2025
Price49.00
GMP1(2.04%)
Estimate List Price50
Date04-06-2025
Price49.00
GMP3.5(7.14%)
Estimate List Price52.5
Date03-06-2025
Price49.00
GMP1(2.04%)
Estimate List Price50
Date02-06-2025
Price49.00
GMP0(0.00%)
Estimate List Price49
Date01-06-2025
Price49.00
GMP0(0.00%)
Estimate List Price49
Date31-05-2025
Price49.00
GMP0(0.00%)
Estimate List Price49
Date30-05-2025
Price49.00
GMP0(0.00%)
Estimate List Price49
IPO Important Dates
| IPO Open Date | Wed, Jun 4, 2025 |
| IPO Close Date | Fri, Jun 6, 2025 |
| Tentative Allotment | Mon, Jun 9, 2025 |
| Initiation of Refunds | Tue, Jun 10, 2025 |
| Credit of Shares to Demat | Tue, Jun 10, 2025 |
| Tentative Listing Date | Wed, Jun 11, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 6, 2025 |
IPO Open Date
Wed, Jun 4, 2025
IPO Close Date
Fri, Jun 6, 2025
Tentative Allotment
Mon, Jun 9, 2025
Initiation of Refunds
Tue, Jun 10, 2025
Credit of Shares to Demat
Tue, Jun 10, 2025
Tentative Listing Date
Wed, Jun 11, 2025
Cut-off time for UPI mandate confirmation
5 PM on June 6, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,47,000 |
| Retail (Max) | 1 | 3000 | ₹1,47,000 |
| HNI (Min) | 2 | 6,000 | ₹2,94,000 |
ApplicationRetail (Min)
Lots1
Shares3000
Amount₹1,47,000
ApplicationRetail (Max)
Lots1
Shares3000
Amount₹1,47,000
ApplicationHNI (Min)
Lots2
Shares6,000
Amount₹2,94,000
Financial Information
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 43.67 | 33.74 | 32.03 |
| Revenue | 32.31 | 32.01 | 30.68 |
| Profit After Tax | 4.53 | 2.48 | 0.31 |
| Net Worth | 22.12 | 11.05 | 9.51 |
| Reserves and Surplus | 15.54 | 11.05 | 9.51 |
| Total Borrowing | 10.73 | 13.70 | 12.29 |
Period EndedPeriod Ended
31 Dec 202431 Dec 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Dec 202443.67
31 Mar 202433.74
31 Mar 202332.03
Period EndedRevenue
31 Dec 202432.31
31 Mar 202432.01
31 Mar 202330.68
Period EndedProfit After Tax
31 Dec 20244.53
31 Mar 20242.48
31 Mar 20230.31
Period EndedNet Worth
31 Dec 202422.12
31 Mar 202411.05
31 Mar 20239.51
Period EndedReserves and Surplus
31 Dec 202415.54
31 Mar 202411.05
31 Mar 20239.51
Period EndedTotal Borrowing
31 Dec 202410.73
31 Mar 202413.70
31 Mar 202312.29
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 3,36,000 (5.04%) |
| QIB Shares Offered | 69,000 (1.04%) |
| NII (HNI) Shares Offered | 31,29,000 (46.96%) |
| Retail Shares Offered | 31,29,000 (46.96%) |
| Total Shares Offered | 66,63,000 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
3,36,000 (5.04%)
QIB Shares Offered
69,000 (1.04%)
NII (HNI) Shares Offered
31,29,000 (46.96%)
Retail Shares Offered
31,29,000 (46.96%)
Total Shares Offered
66,63,000 (100%)
Information about company
Incorporated in 2018, Ganga Bath Fittings Limited manufactures and supplies various bathroom accessories, including CP taps, showers, sanitary wear, ABS fittings, door handles, vanities, sinks, and more.
The company's manufacturing facilities are technologically aligned to develop and manufacture products that meet its customers' stringent quality control requirements.
The company manufactures customized components based on customer specifications, ensuring quality and timely delivery.
It also offers personalized services to its strong customer base across India.
The company offers an extensive product portfolio under the brand name "GANGA," including:
CP Bath Fittings: Chrome-plated faucets and fixtures are designed for durability and aesthetic appeal.
Sanitary Ware: A variety of sanitary products catering to both residential and commercial needs.
PTMT Taps: Polytetra Methylene Terephthalate taps are known for their strength and resistance to wear.
Stainless Steel Showers: High-quality stainless steel showers offering longevity and modern design.
ABS Accessories: Acrylonitrile Butadiene Styrene-based bathroom accessories that are lightweight yet sturdy.
The company's state-of-the-art manufacturing facility is located in Shapar-Veraval, Gujarat. It employs advanced technology and skilled manpower to ensure product excellence.
As of December 2024, the company had 250 SKUs in its GI Unit, 32 SKUs in its GBS Unit, and 150 SKUs in its GPI segment.
The company maintains a network of over 2,500 distributors who have been affiliated with us for an extended period.
The company has ISO 9001:2015 certification for Quality Management Systems regarding the design, manufacture, and supply of brass bath fittings, sanitary wares, PTMT, taps, stainless steel showers, stainless steel gullies, ABS taps, and all kinds of accessories.
As of December 2024, the company has 2 Executive Directors and 155 employees on its payroll.
Competitive Strength:
Experienced Promoters and Management Team
Wide range of Products.
Long-standing relationship with distributors, clients and suppliers.
Strong & experienced R&D team.
High Quality standards.
Objectives of IPO
The Company Ganga Bath Fittings IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (in Millions)
1
Capital Expenditure towards purchase of equipment/machine ries, etc.
2,013.32
2
Repayment/prepay ment of certain borrowings availed by the Company
532.66
3
Funding working capital requirements
4
General Corporate Purpose
Disclaimer
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