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The Ganga Bath Fittings IPO opens on June 4, 2025, and will close on June 6, 2025. It is a Book Building Issue, with the company aiming to raise approximately ₹32.65 crores through a fresh issue of shares, each having a face value of ₹10. The offer for sale details are yet to be announced.
The IPO price band is set between ₹46 and ₹49 per share. The allocation is divided among investors as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNI). The shares are expected to be listed on the NSE on June 11, 2025, with the allotment results announced on June 9, 2025.
Financially, the company reported revenues of ₹32.01 crores in 2024, up from ₹30.68 crores in 2023. Profit also grew significantly to ₹2.48 crores in 2024 from ₹0.31 crores in 2023. Based on these financials, long-term investors may find this IPO attractive.
Ganga Bath Fittings IPO Details
- IPO Open Date: June 4, 2025
- IPO Close Date: June 6, 2025
- Face Value: ₹10 per equity share
- IPO Price Band: ₹46 to ₹49 per share
- Issue Size: Approximately ₹32.65 crores
- Fresh Issue: Approximately ₹32.65 crores
- Issue Type: Book Building Issue
- IPO Listing: NSE SME
- Retail Quota: Up to 35%
- QIB Quota: Up to 50%
- NII Quota: Up to 15%
- DRHP Draft Prospectus: Click Here
- RHP Draft Prospectus: Click Here
Ganga Bath Fittings IPO Market Lot
The minimum market lot for the Ganga Bath Fittings IPO is 3,000 shares, requiring an application amount of ₹1,47,000.
| Application Type | Lot Size | Number of Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 3,000 | 1,47,000 |
| Retail Maximum | 1 | 3,000 | 1,47,000 |
| S-HNI Minimum | 2 | 6,000 | 2,94,000 |
Ganga Bath Fittings IPO Important Dates
- IPO Open Date: June 4, 2025
- IPO Close Date: June 6, 2025
- Basis of Allotment: June 9, 2025
- Refunds Processed: June 10, 2025
- Credit to Demat Accounts: June 10, 2025
- IPO Listing Date: June 11, 2025
The Ganga Bath Fittings IPO opens on June 4 and closes on June 6. The allotment will be finalized on June 9, with refunds and demat credits processed on June 10. The shares are expected to list on the NSE on June 11, 2025.
Promoters of Ganga Bath Fittings IPO
The promoters of Ganga Bath Fittings Limited are Mr. Tusharkumar Vithaldas Tilva, Mr. Jimmy Tusharkumar Tilva, and Mr. Sajan Tusharbhai Tilva.
About Ganga Bath Fittings IPO
Founded in 2018, Ganga Bath Fittings Limited is a prominent manufacturer and exporter of bathroom accessories. Their product range includes CP taps and parts, showers, sanitary ware, ABS and PTMT taps, door handles, bathroom vanities, sinks, stainless steel showers, drains, and more. The company markets its products under brands like Ganga, Glimpse, Stepian, and Tora. Additionally, Ganga Bath Fittings provides contract manufacturing services for other brands.
Equipped with modern technology, the company ensures strict quality checks to maintain high standards. They also offer customized products and prioritize timely delivery throughout India. As of December 2024, the company has 2 Executive Directors and a workforce of 155 employees.
Ganga Bath Fittings IPO – Company Financial Report
Ganga Bath Fittings Limited reported a revenue of ₹32.01 crores in 2024, up from ₹30.68 crores in 2023. The company’s profit also saw a significant increase, rising to ₹2.48 crores in 2024 compared to ₹0.31 crores in 2023.
| Period Ended | Revenue (₹ Crores) | Expense (₹ Crores) | Profit After Tax (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|---|
| 2022 | 22.34 | 22.16 | 0.21 | 29.87 |
| 2023 | 30.68 | 30.20 | 0.31 | 32.03 |
| 2024 | 32.01 | 28.41 | 2.48 | 33.74 |
| December 2024 | 32.31 | 26.33 | 4.53 | 43.67 |
Ganga Bath Fittings IPO Valuation – FY2024
Below are the key valuation metrics for Ganga Bath Fittings for the fiscal year 2024, including Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| Key Performance Indicator (KPI) | Value |
|---|---|
| Return on Equity (ROE) | 15.07% |
| Return on Capital Employed (ROCE) | 358.93% |
| EBITDA Margin | 12.04% |
| Profit After Tax (PAT) Margin | 4.38% |
| Debt-to-Equity Ratio | 0.49 |
| Earnings Per Share (EPS) | ₹2.71 (Basic) |
| Price-to-Earnings (P/E) Ratio | 18.08 |
| Return on Net Worth (RoNW) | 26.57% |
| Net Asset Value (NAV) | ₹16.61 |
Peer Group Comparison
| Company | EPS | P/E Ratio | RoNW (%) | NAV | Income (₹ Crores) |
|---|---|---|---|---|---|
| Hindware Home Innovation Ltd | (4.98) | (75.64) | (41.33)% | 12.05 | – |
| Cera Sanitaryware Limited | 183.89 | 36.88 | 17.81% | 1032.26 | – |
Objects of the Issue
- Capital expenditure for purchasing equipment, machinery, and related assets
- Repayment or prepayment of certain existing borrowings of the company
- Funding working capital requirements
- General corporate purposes
Ganga Bath Fittings IPO Review by Brokerage Firms
- IPO Watch: May Apply
- Canara Bank
- DRChoksey FinServ
- Emkay Global
- Hem Securities
- IDBI Capital
- Marwadi Shares
- Nirmal Bang
- SBICAP Securities
- Sharekhan
- SMC Global
- Sushil Finance
- Swastika Investmart
- Ventura Securities
- Geojit
- Reliance Securities
- Capital Market
- BP Wealth
- ICICIdirect
- Choice Broking
Ganga Bath Fittings IPO Registrar
KFin Technologies Limited
Phone: 040-67162222, 040-79611000
Email: gbfl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers (Merchant Bankers)
- Jawa Capital Services Private Limited
Company Address:
Ganga Bath Fittings Limited
Survey No. 121, Near Vraj Industrial Estate
SIDC Road, Behind Shantidham Residency
Veraval (Shapar), Kotda Sangani
Phone: +91-9033863882
Email: info@mandeepautoindustries.com
Website: https://gangabathfittings.com/
Ganga Bath Fittings IPO FAQs
- What is the Ganga Bath Fittings IPO?
- Ganga Bath Fittings IPO is a Small and Medium Enterprise (SME) IPO. The company plans to raise ₹32.65 Crores through this IPO. The issue price is set between ₹46 and ₹49 per equity share. The IPO will be listed on the NSE.
- When does the Ganga Bath Fittings IPO open for subscription?
- The IPO opens on June 4, 2025, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Investors. The subscription window closes on June 6, 2025.
- What is the allocation of shares in the Ganga Bath Fittings IPO?
- The share allocation is divided as follows: 50% for QIB, 15% for NII, and 35% for Retail Investors.
How to Apply for the Ganga Bath Fittings IPO?
You can apply for the Ganga Bath Fittings IPO online using ASBA through your bank account. Alternatively, you can apply via ASBA using UPI through your stockbroker’s platform. Offline applications can also be submitted by filling out the physical form through your stockbroker.
- What is the Issue Size of the Ganga Bath Fittings IPO?
- The IPO size is approximately ₹32.65 crores.
- What is the Price Band for the Ganga Bath Fittings IPO?
- The IPO price band is set between ₹46 and ₹49 per share.
- What is the Lot Size for the Ganga Bath Fittings IPO?
- The minimum bid size is 3,000 shares, amounting to ₹1,47,000.
- When is the Ganga Bath Fittings IPO Allotment Date?
- The allotment will be finalized on June 9, 2025.
- When will the Ganga Bath Fittings IPO be Listed?
- The IPO is scheduled to be listed on NSE on June 11, 2025.
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