Comparison between Ganga Bath Fittings IPO and Shipwaves Online IPO.
Ganga Bath Fittings IPO is a SME Fixed Price IPO proposed to list at NSE SME while Shipwaves Online IPO is a SME Fixed Price proposed to list at BSE SME.
| Ganga Bath Fittings IPO | Shipwaves Online IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Jawa Capital Services Pvt.Ltd. | Finshore Management Services Ltd. |
| Registrar | Kfin Technologies Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Rikhav Securities Ltd. | Anant Securities |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| 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 Shipwaves Online IPO is up to ₹53.53 Cr. The final issue price of Ganga Bath Fittings IPO is ₹49.00 per share and of Shipwaves Online IPO is ₹12.00 per share.
| Ganga Bath Fittings IPO | Shipwaves Online IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹1 per share |
| Issue Price (Lower) | ₹46.00 per share | |
| Issue Price (Upper) | ₹49.00 per share | |
| Issue Price (Final) | ₹49.00 per share | ₹12.00 per share |
| Discount (Retail) | ₹0.00 per share | |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 3000 shares | 10000 shares |
| Fresh Issue Size | 63,27,000 shares | 4,46,10,000 shares |
| Fresh Issue Size (Amount) | up to ₹31.00 Cr | up to ₹53.53 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 | 4,46,10,000 shares |
| Issue Size Total (Amount) | up to ₹31.00 Cr | up to ₹53.53 Cr |
Ganga Bath Fittings IPO opens on Jun 04, 2025, while Shipwaves Online IPO opens on Dec 10, 2025. The closing date of Ganga Bath Fittings IPO and Shipwaves Online IPO is Jun 06, 2025, and Dec 12, 2025, respectively.
| Ganga Bath Fittings IPO | Shipwaves Online IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jun 04, 2025 | Dec 10, 2025 |
| Issue Close | Jun 06, 2025 | Dec 12, 2025 |
| Basis Of Allotment (Tentative) | Jun 09, 2025 | Dec 15, 2025 |
| Initiation of Refunds (Tentative) | Jun 10, 2025 | Dec 16, 2025 |
| Credit of Share (Tentative) | Jun 10, 2025 | Dec 16, 2025 |
| Listing date (Tentative) | Jun 11, 2025 | Dec 17, 2025 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Ganga Bath Fittings IPO P/E ratio is 30.74, as compared to Shipwaves Online IPO P/E ratio of 9.3.
| Ganga Bath Fittings IPO | Shipwaves Online IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Proforma Consolidated)
| Company Financials (Restated Consolidated)Shipwaves Online Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 94% between the financial year ending with March 31, 2025 and March 31, 2024.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 98.81 | 99.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.16 | 66.73 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 30.74 | 9.3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹108.82 Cr. | ₹169.79 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 15.07 | 50.85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 29.80 | 25.79 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.87 | 1.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.59 | ₹1.29 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 15.07 | 41.89 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Ganga Bath Fittings IPO Retail Individual Investors (RII) are offered 31,29,000 shares while in Shipwaves Online IPO retail investors are offered 31,29,000 shares. Qualified Institutional Buyers (QIB) are offered 69,000 shares in Ganga Bath Fittings IPO and 0 shares in Shipwaves Online IPO.
| Ganga Bath Fittings IPO | Shipwaves Online IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | |
| Market Maker Reservation | 3,36,000 shares | 23,50,000 shares |
| QIB | 69,000 shares | 0 shares |
| NII | 31,29,000 shares | 2,23,00,000 shares |
| RII | 31,29,000 shares | 2,23,10,000 shares |
| Employee | 0 shares | |
| Others | ||
| Total | 63,27,000 shares | 4,46,10,000 shares |
Ganga Bath Fittings IPO subscribed 1.64x in total, whereas Shipwaves Online IPO subscribed 1.64x.
| Ganga Bath Fittings IPO | Shipwaves Online IPO | |
|---|---|---|
| QIB (times) | 2.22x | |
| NII (times) | 0.73x | 0.36x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 2.55x | 2.92x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.64x | 1.64x |
