Bookbuilding IPO | ₹33 Cr | Listed at NSE SME | Wed, Jun 4, 2025 - Fri, Jun 6, 2025
Ganga Bath Fittings IPO is a book build issue of ₹32.65 crores. The issue is entirely a fresh issue of 0.67 crore shares of ₹32.65 crore.
Ganga Bath Fittings IPO bidding started from Jun 4, 2025 and ended on Jun 6, 2025. The allotment for Ganga Bath Fittings IPO was finalized on Jun 9, 2025. The shares got listed on NSE SME on Jun 11, 2025.
Ganga Bath Fittings IPO price band is set at ₹49 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,47,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,94,000.
Jawa Capital Services Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to Ganga Bath Fittings IPO RHP for detailed Information.
IPO Open
Wed, Jun 4, 2025
IPO Close
Fri, Jun 6, 2025
Issue Price
₹49 per share
Market Cap (Pre-IPO)
₹108.82 Cr
| IPO Date | 4 to 6 Jun, 2025 |
| Listed on | Wed, Jun 11, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹46 to ₹49 |
| Issue Price | ₹49 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 66,63,000 shares (agg. up to ₹33 Cr) |
| Reserved for Market Maker | 3,36,000 shares Rikhav Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 63,27,000 shares (agg. up to ₹31 Cr) |
| Net Offered to Public | 63,27,000 shares (agg. up to ₹31 Cr) |
| Share Holding Pre Issue | 1,55,44,848 shares |
| Share Holding Post Issue | 2,22,07,848 shares |
| NSE Symbol | GANGABATH |
| ISIN | INE0ZI101018 |
Ganga Bath Fittings IPO comprises a total issue size of 66,63,000 shares. The net offer to the public is 63,27,000 shares, after excluding 3,36,000 shares allotted on a firm basis. Of the Net offer 69,000 (1.09%) are allocated to QIB, 31,29,000 (49.45%) allocated to NII 31,29,000 (49.45%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 69,000 | 1.09% | 1.04% |
| NII (HNI) Shares Offered | 31,29,000 | 49.45% | 46.96% |
| Retail Shares Offered | 31,29,000 | 49.45% | 46.96% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,36,000 | 5.04% | |
| Total Shares Offered | 66,63,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | 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 |
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:
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:
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 43.67 | 33.74 | 32.03 | 29.87 |
| Total Income | 32.31 | 32.01 | 30.68 | 22.34 |
| Profit After Tax | 4.53 | 2.48 | 0.31 | 0.21 |
| NET Worth | 22.12 | 11.05 | 9.51 | 7.36 |
| Reserves and Surplus | 15.54 | 11.05 | 9.51 | 7.36 |
| Total Borrowing | 10.73 | 13.70 | 12.29 | 13.43 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure towards purchase of equipment/machine ries, etc. | 18.95 |
| 2 | Repayment/prepay ment of certain borrowings availed by the Company | 5.33 |
| 3 | Funding working capital requirements | 2.70 |
| 4 | General Corporate Purpose | 4.67 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 15.07% |
| ROCE | 29.80% |
| Debt/Equity | 0.87 |
| RoNW | 15.07% |
| PAT Margin | 9.96% |
| EBITDA Margin | 12.04% |
| Price to Book Value | 2.95 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.59 | 2.72 |
| P/E (x) | 30.74 | 18.03 |
| Promoter Holding | 98.81% | 69.16% |
| Market Cap | ₹108.82 Cr. |
The Ganga Bath Fittings IPO is subscribed 1.64 times on June 6, 2025 6:20:00 PM (Day 3). The public issue subscribed 2.55 times in the retail category, 2.22 times in the QIB category, and 0.73 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 2.22 | 69,000 | 1,53,000 | 2 |
| NII* | 0.73 | 31,29,000 | 22,71,000 | 147 |
| Retail | 2.55 | 31,29,000 | 79,74,000 | 2,658 |
| Total | 1.64 | 63,27,000 | 1,03,98,000 | 2,807 |
Total Application : 2,807
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager(s) fees including underwriting commission and Legal Advisor Fees | 0.50 |
| 2 | Brokerage, selling commission and upload fees | 0.01 |
| 3 | Registrars to the issue | 0.01 |
| 4 | Advertising and marketing expenses | 0.16 |
| 5 | Regulators including stock exchanges | 0.10 |
| 6 | Printing and distribution of issue stationary | 0.02 |
| 7 | Restatement of Accounts and Peer Review Auditor | 0.13 |
| 8 | Market Maker Fees | 0.09 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹49.00 |
| Open | ₹59.00 |
| Low | ₹56.05 |
| High | ₹59.00 |
| Last Trade | ₹56.05 |
Lead Manager Reports
Ganga Bath Fittings IPO is a SME IPO of 66,63,000 equity shares of the face value of ₹10 aggregating up to ₹33 Crores. The issue is priced at ₹49 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Jun 4, 2025, and closes on Fri, Jun 6, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ganga Bath Fittings IPO using UPI as a payment gateway. Zerodha customers can apply in Ganga Bath Fittings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ganga Bath Fittings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ganga Bath Fittings IPO opens on Wed, Jun 4, 2025 and closes on Fri, Jun 6, 2025.
Ganga Bath Fittings IPO lot size is 3000, and the minimum amount required for application is ₹1,47,000.
You can apply in Ganga Bath Fittings IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Ganga Bath Fittings IPO will be done on Monday, June 9, 2025, and the allotted shares will be credited to your demat account by Tue, Jun 10, 2025. Check the Ganga Bath Fittings IPO allotment status.
The Ganga Bath Fittings IPO listing date is on Wed, Jun 11, 2025.
