Upcoming IPO: Ganga Bath Fittings Ltd IPO will open for subscription on Wednesday, June 4, and close on Friday, June 6. Ganga Bath Fittings IPO price band has been fixed in the range of ₹46 to ₹49 per equity share of face value of ₹10 each. Bids can be made for a minimum of 3,000 equity shares and in multiples of 3,000 equity shares thereafter.
Founded in 2018, Ganga Bath Fittings Limited produces and supplies a variety of bathroom accessories, such as CP taps, showers, sanitary ware, ABS fittings, door handles, vanities, sinks, and more.
The manufacturing facilities are technologically equipped to develop and create products that align with the rigorous quality control standards of its customers. The company offers customized components according to customer specifications, ensuring both quality and prompt delivery.
Its advanced manufacturing facility is situated in Shapar-Veraval, Gujarat. Utilizing state-of-the-art technology and a skilled workforce, the company guarantees product quality.
By December 2024, the company had 250 SKUs in its GI Unit, 32 SKUs in its GBS Unit, and 150 SKUs in its GPI segment. It maintains a network of over 2,500 distributors who have been associated with the company for a long time.
According to the red herring prospectus (RHP), the company’s comparable listed entities are Hindware Home Innovation Ltd, which has a P/E of -75.64, and Cera Sanitaryware Ltd, boasting a P/E of 36.88. As of December 24, the Company recorded a Revenue of ₹3,229.36 Lakhs, an EBITDA of ₹728.66 Lakhs, and a PAT of ₹452.74 Lakhs.
Ganga Bath Fittings IPO details
Ganga Bath Fittings IPO consists of a fresh issue of 66,63,000 equity shares, aggregating to ₹32.65 crore. There’s no offer for sale (OFS) component.
The funds raised from the IPO will be allocated for capital expenditures related to the acquisition of equipment and machinery, settling or repaying some of the company’s borrowings, covering working capital needs, and for general corporate activities. The closing date for the issue is June 06, 2025.
The Book Running Lead Manager for the issue is Jawa Capital Services Private Limited, while KFIN Technologies Limited serves as the Registrar for the issue.
Ganga Bath Fittings IPO GMP today
Ganga Bath Fittings IPO GMP today or grey market premium was ₹0, which meant shares were trading at their issue price of ₹49 with no premium or discount in the grey market according to investorgain.com
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
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