Upcoming IPO: Ganga Bath Fittings to Launch IPO on June 4; Price Band Set at ₹46–₹49 Per Share
Ganga Bath Fittings IPO opens on June 4, 2025, with a price band of ₹46–49 per share. Know issue details, GMP, subscription dates, and financials before investing.
Upcoming IPO: Ganga Bath Fittings to Launch IPO on June 4; Price Band Set at ₹46–₹49 Per Share
Ganga Bath Fittings Ltd. is set to open its Initial Public Offering (IPO) on Wednesday, June 4, with the subscription window closing on Friday, June 6. The IPO price band is fixed at ₹46 to ₹49 per equity share, with a face value of ₹10 each. Investors can bid for a minimum of 3,000 shares, and in multiples of 3,000 thereafter.
Key IPO Details:
Issue Size: ₹32.65 crore
Fresh Issue: 66,63,000 equity shares
No Offer for Sale (OFS)
Use of Proceeds:
Capital expenditure (equipment and machinery)
Loan repayment
Working capital
General corporate purposes
Book Running Lead Manager: Jawa Capital Services Pvt Ltd
Registrar: KFIN Technologies Ltd
Closing Date: June 6, 2025
Company Overview:
Founded in 2018, Ganga Bath Fittings Ltd. specializes in manufacturing a wide range of bathroom accessories including:
CP taps
Showers
Sanitary ware
ABS fittings
Door handles
Vanities
Sinks and more
The company operates out of a modern manufacturing facility in Shapar-Veraval, Gujarat, equipped with advanced technology and a skilled workforce. It offers customized solutions tailored to client requirements, ensuring stringent quality standards and on-time delivery.
As of December 2024, Ganga Bath Fittings had:
250 SKUs in its GI Unit
32 SKUs in its GBS Unit
150 SKUs in its GPI segment
It maintains a distribution network of over 2,500 partners.
Financial Snapshot (as of Dec 2024):
Revenue: ₹3,229.36 lakh
EBITDA: ₹728.66 lakh
Profit After Tax (PAT): ₹452.74 lakh
Comparable Listed Peers:
Hindware Home Innovation Ltd: P/E -75.64
Cera Sanitaryware Ltd: P/E 36.88
Ganga Bath Fittings IPO GMP Today:
As of June 3, the grey market premium (GMP) for Ganga Bath Fittings IPO is ₹0, indicating the shares are trading at the issue price of ₹49 without any premium or discount, according to investorgain.com.
Disclaimer: The above article is for informational purposes only. Investors are advised to consult certified financial experts before making investment decisions.
