Listed
Ganga Bath Fittings Limited IPO
Ganga Bath Fittings Limited is an Indian company engaged in the manufacturing and supply of bathroom fittings and accessories. The company offers a wide range of products including CP taps, showers, health faucets, and designer mirrors, catering to both residential and commercial customers. With a focus on quality and design, it operates a modern manufacturing facility in Gujarat and aims to expand its market presence through innovation and customer satisfaction.
Min Investment
₹1,47,000.0
Lot Size
3,000 Shares
Price Range
₹46.0-49.0
Issue Size (₹ Cr.)
₹32.65
IPO Type
NSE SME
Key Metrics
Face Value
₹ 10
GMP
₹ -2.0
Subscription
1.64x
EPS
₹ 2.53
P/E Ratio
19.33 x
RoNW
15.07%
ROE
15.07%
Debt to Equity (₹ Cr.)
0.87
Timeline
IPO Opened04/06/2025Wednesday
IPO Closed06/06/2025Friday
Allotted09/06/2025Monday
Refunded10/06/2025Tuesday
Listed11/06/2025Wednesday
Strengths
- Offers a broad range of bathroom fittings and accessories for both home and commercial use.
- Operates with advanced manufacturing facilities ensuring consistent product quality.
- Focuses on innovative, modern designs with water-saving and durable features.
- Guided by experienced leadership with decades of industry knowledge.
- Emphasizes customer satisfaction through quality service and product improvements.
Weaknesses
- The brand is still growing and lacks strong national recognition compared to larger competitors.
- Faces tough competition from established players, limiting pricing power and market share.
- Limited geographical presence may restrict revenue potential in untapped regions.
- Product development could be impacted by a relatively smaller R&D budget.
- Customer loyalty may be affected due to a high number of similar alternatives in the market.
Ganga Bath Fittings Limited IPO - GMP Trend
| GMP Date | Ipo Price | GMP | Estimate Listing Price | |
|---|---|---|---|---|
| 11/06/2025 | ₹ 49.0 | ₹ -2.0 | ₹ 45-47.0 | Listed |
| 10/06/2025 | ₹ 49.0 | ₹ -2.0 | ₹ 45-47.0 | |
| 09/06/2025 | ₹ 49.0 | ₹ 0.0 | ₹ 50.0 | Allotment |
| 08/06/2025 | ₹ 49.0 | ₹ 0.0 | ₹ 50.0 | |
| 07/06/2025 | ₹ 49.0 | ₹ 0.0 | ₹ 50.0 | |
| 06/06/2025 | ₹ 49.0 | ₹ 0.0 | ₹ 50.0 | IPO Closed |
| 05/06/2025 | ₹ 49.0 | ₹ 3.5 | ₹ 50.0 | |
| 04/06/2025 | ₹ 49.0 | ₹ 3.5 | ₹ 50.0 | Live |
| 03/06/2025 | ₹ 49.0 | ₹ 0.0 | ₹ 49.0 | |
| 02/06/2025 | ₹ 49.0 | ₹ 0.0 | ₹ 49.0 | |
| 01/06/2025 | ₹ 49.0 | ₹ 0.0 | ₹ 49.0 | |
| 31/05/2025 | ₹ 49.0 | ₹ 0.0 | ₹ 49.0 | |
| 30/05/2025 | ₹ 49.0 | ₹ 0.0 | ₹ 49.0 |
Financials
| Period Ended | 31-12-2024 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|
| Assets (In Cr) | 43.67 | 33.74 | 32.03 | 29.87 |
| Revenue (In Cr) | 32.31 | 32.01 | 30.68 | 22.34 |
| Profit After Tax (In Cr) | 4.53 | 2.48 | 0.31 | 0.21 |
| Net Worth (In Cr) | 22.12 | 11.05 | 9.51 | 7.36 |
| Total Borrowing (In Cr) | 10.73 | 13.70 | 12.29 | 13.43 |
Subscription Details
IPO Bidding Live Updates from NSE SME
| Day | Number of Lots Offered | 04-06-2025 | 05-06-2025 | 06-06-2025 | |
|---|---|---|---|---|---|
| QIB | 23 | 2.22x | 2.22x | 2.22x | |
| NII | 1043 | 0.35x | 0.52x | 0.73x | |
| RII | 1043 | 0.52x | 1.49x | 2.55x | |
| Total | 2109 | 0.45x | 1.02x | 1.64x |
IPO Bidding Live Number of Shares by Category
| Category | Number of Shares offered | Number of Shares Bid | Bid Amount(Rs Cr) | ||
|---|---|---|---|---|---|
| QIB | 69,000 | 1,53,000 | 0.75 | ||
| NII | 31,29,000 | 22,71,000 | 11.13 | ||
| RII | 31,29,000 | 79,74,000 | 39.07 | ||
| Total | 63,27,000 | 1,03,98,000 | 50.95 |
Company Details
- Survey No. 121, Nr. Vraj Industrial Estate SIDC Road, B/H Shantidham Residency Veraval (Shapar), Kotda Sangani,
+91-9033863882
- info@mandeepautoindustries.com
- https://gangabathfittings.com/
Registrar Details
- N/A
04067162222, 04079611000
- gbfl.ipo@kfintech.com
- https://kosmic.kfintech.com/ipostatus/
