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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 ₹49.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,38,000 (3000 shares). The minimum lot size investment for 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 Date | June 4, 2025 to June 6, 2025 |
| Listing Date | June 11, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹46 to ₹49 per share |
| Issue Price Final | ₹49 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 66,63,000 shares (aggregating up to ₹32.65 Cr) |
| Reserved for Market Maker | 3,36,000 shares Rikhav Securities Ltd. (aggregating up to ₹1.65 Cr) |
| Net Offered to Public | 63,27,000 shares (aggregating up to ₹31.00 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 |
Ganga Bath Fittings IPO offers total 66,63,000 shares. Out of which 69,000 (1.04%) allocated to QIB, 31,29,000 (46.96%) allocated to NII, 31,29,000 (46.96%) allocated to RII.
| Investor Category | 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 (100.00%) |
Ganga Bath Fittings IPO opens on June 4, 2025, and closes 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 Fri, Jun 6, 2025 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 market capitalization of Ganga Bath Fittings IPO is ₹108.82 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 1.59 | 2.72 |
| P/E (x) | 30.74 | 18.03 |
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 crores) |
|---|---|---|
| 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 |
[Dilip Davda] GBFL is engaged in the manufacturing and trading of bathroom accessories and fittings. It posted almost static top lines for FY23 and FY24, but reported boosted margins from FY24 onwards. The company is operating in a highly competitive and fragmented segment. Based on its financial data so far, the issue appears aggressively priced. There is no harm in skipping this “High Risk/Low Return” pricey bet. Read detail review...
| Listing Date | June 11, 2025 |
| BSE Script Code | |
| NSE Symbol | GANGABATH |
| ISIN | INE0ZI101018 |
| Final Issue Price | ₹49 per share |
| NSE Listing Group | SM (Rolling) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹49.00 |
| Open | ₹59.00 |
| Low | ₹56.05 |
| High | ₹59.00 |
| Last Trade | ₹56.05 |
Ganga Bath Fittings Ltd.
Survey No. 121, Nr. Vraj Industrial Estate
SIDC Road, B/H Shantidham Residency
Veraval (Shapar), Kotda Sangani,
Rajkot, Gujarat, 360024
Phone: +91-9033863882
Email: cs@gangabathfittings.com
Website: https://gangabathfittings.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: gbfl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Ganga Bath Fittings IPO is a SME IPO of 66,63,000 equity shares of the face value of ₹10 aggregating up to ₹32.65 Crores. The issue is priced at ₹49 per share. The minimum order quantity is 3000.
The IPO opens on June 4, 2025, and closes on June 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 June 4, 2025 and closes on June 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 Tuesday, June 10, 2025. Check the Ganga Bath Fittings IPO allotment status.
The Ganga Bath Fittings IPO listing date is on Wednesday, June 11, 2025.
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