Upcoming IPO: Ganga Bath Fittings IPO Opens on June 4; Check Key Details Here.
Ganga Bath Fittings IPO is scheduled to open for public subscription tomorrow, June 4, 2025. The SME IPO is a book-building issue of ₹32.65 crores, consisting entirely of a fresh issue of 66.63 lakh equity shares. The price band is set at ₹46 to ₹49 per share.
The IPO will remain open for subscriptions until June 6, 2025, and the shares are proposed to list at NSE SME on June 11, 2025.
Jawa Capital Services Private Limited is the book-running lead manager for the issue, and Kfin Technologies is the registrar.
Company Overview
Ganga Bath Fittings is a manufacturer and supplier of bathroom accessories and bath fittings. The product lineup includes Sanitary wear, ABS Shower, PTMT Taps, Door Handles, etc.
Majorly, the company is driving revenue from three verticals.
- Designs, manufactures, and markets a wide range of bath fittings and accessories under its in-house brands, Ganga, Glimpse, Stepian, and Tora. These products are sold through distributors, dealers, and retail partners.
- Under the second vertical, Ganga Bath Fittings manufactures products on behalf of third-party Original Equipment Manufacturers (OEMs).
- The company procures ready-made sanitary ware products from third parties. These are then branded under the Ganga label and distributed through the same channels as its manufactured products.
For the year ended 31st December 2024, the company reported a stellar 849.41% growth in Revenue from Operations.
Object of the Offer
The company intends to use funds towards the following objectives:
- To repay/prepay borrowings
- To fund working capital, purchase of equipment/machinery, etc
- General corporate purposes
GMP (Grey Market Premium)
As of June 3, 2025, Ganga Bath Fittings GMP stood at NIL, and the shares were trading at par with the issue price in the grey market.
GMP reflects the price at which an IPO's shares are traded in the unofficial grey market before their official listing on the stock exchange. It indicates investor sentiment and demand for the IPO.
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Source: Business Standard Report dated 3 June, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
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