Comparison between Ganga Bath Fittings IPO and Mehul Colours IPO.
Ganga Bath Fittings IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Mehul Colours IPO is a SME Bookbuilding proposed to list at BSE SME.
| Ganga Bath Fittings IPO | Mehul Colours IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Jawa Capital Services Pvt.Ltd. | Seren Capital Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Rikhav Securities Ltd. | Asnani Stock Broker Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Ganga Bath Fittings IPO is up to ₹31.00 Cr whereas the issue size of the Mehul Colours IPO is up to ₹20.56 Cr. The final issue price of Ganga Bath Fittings IPO is ₹49.00 per share and of Mehul Colours IPO is ₹72.00 per share.
| Ganga Bath Fittings IPO | Mehul Colours IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹46.00 per share | ₹68.00 per share |
| Issue Price (Upper) | ₹49.00 per share | ₹72.00 per share |
| Issue Price (Final) | ₹49.00 per share | ₹72.00 per share |
| Discount (Retail) | ₹0.00 per share | |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 3000 shares | 1600 shares |
| Fresh Issue Size | 63,27,000 shares | 28,56,000 shares |
| Fresh Issue Size (Amount) | up to ₹31.00 Cr | up to ₹20.56 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 63,27,000 shares | 28,56,000 shares |
| Issue Size Total (Amount) | up to ₹31.00 Cr | up to ₹20.56 Cr |
Ganga Bath Fittings IPO opens on Jun 04, 2025, while Mehul Colours IPO opens on Jul 30, 2025. The closing date of Ganga Bath Fittings IPO and Mehul Colours IPO is Jun 06, 2025, and Aug 01, 2025, respectively.
| Ganga Bath Fittings IPO | Mehul Colours IPO | |
|---|---|---|
| Anchor Bid Date | Jul 29, 2025 | |
| Issue Open | Jun 04, 2025 | Jul 30, 2025 |
| Issue Close | Jun 06, 2025 | Aug 01, 2025 |
| Basis Of Allotment (Tentative) | Jun 09, 2025 | Aug 04, 2025 |
| Initiation of Refunds (Tentative) | Jun 10, 2025 | Aug 05, 2025 |
| Credit of Share (Tentative) | Jun 10, 2025 | Aug 05, 2025 |
| Listing date (Tentative) | Jun 11, 2025 | Aug 06, 2025 |
| Anchor Lockin End date 1 | Sep 02, 2025 | |
| Anchor Lockin End date 2 | Nov 01, 2025 |
Ganga Bath Fittings IPO P/E ratio is 30.74, as compared to Mehul Colours IPO P/E ratio of 9.87.
| Ganga Bath Fittings IPO | Mehul Colours IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Ganga Bath Fittings Limited Financial Information (Proforma Consolidated)
| Mehul Colours Ltd. Financial Information (Restated)Mehul Colours Ltd.'s revenue increased by 5% and profit after tax (PAT) rose by 71% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 98.81 | 96.86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.16 | 69.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 30.74 | 9.87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹108.82 Cr. | ₹75.95 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 15.07% | 38.46% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 29.80% | 43.53% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.87 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.59 | ₹7.30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 15.07% | 32.26% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Ganga Bath Fittings IPO Retail Individual Investors (RII) are offered 31,29,000 shares while in Mehul Colours IPO retail investors are offered 31,29,000 shares. Qualified Institutional Buyers (QIB) are offered 69,000 shares in Ganga Bath Fittings IPO and 5,71,200 shares in Mehul Colours IPO.
| Ganga Bath Fittings IPO | Mehul Colours IPO | |
|---|---|---|
| Anchor Investor Reserveration | 8,54,400 shares | |
| Market Maker Reserveration | 3,36,000 shares | 1,52,000 shares |
| QIB | 69,000 shares | 5,71,200 shares |
| NII | 31,29,000 shares | 4,28,800 shares |
| RII | 31,29,000 shares | 10,01,600 shares |
| Employee | 0 shares | |
| Others | ||
| Total | 63,27,000 shares | 28,56,000 shares |
Ganga Bath Fittings IPO subscribed 1.64x in total, whereas Mehul Colours IPO subscribed 7.98x.
| Ganga Bath Fittings IPO | Mehul Colours IPO | |
|---|---|---|
| QIB (times) | 2.22x | 13.54x |
| NII (times) | 0.73x | 10.91x |
| Big NII (times) | 14.27x | |
| Small NII (times) | 5.24x | |
| RII (times) | 2.55x | 3.56x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.64x | 7.98x |
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