Ganga Bath Fittings IPO: Key Details and Insights

Company Overview:
Established in 2018, Ganga Bath Fittings Limited specializes in manufacturing and supplying a diverse range of bathroom accessories and sanitaryware. Their product lineup includes CP taps, ABS showers, PTMT taps, sanitary ware, door handles, vanities, and sinks. The company markets products under its in-house brands—Ganga, Glimpse, Stepian, and Tora—and also engages in OEM production.

• Issue Size: Fresh issue of 66.63 lakh equity shares, aggregating up to ₹32.65 crore.
• Price Band: ₹46 to ₹49 per share.
• Lot Size: 3,000 shares; minimum investment of ₹1,38,000 for retail investors.
• Subscription Period: June 4 to June 6, 2025.
• Listing Platform: NSE SME platform.
• Tentative Listing Date: June 11, 2025.

The net proceeds from the IPO will be utilized for:

• Capital expenditures for acquiring equipment and machinery.
• Repayment or prepayment of certain borrowings.
• Funding working capital requirements.
• General corporate purposes.

As of June 5, 2025, the IPO was fully subscribed on the second day of bidding. The overall subscription stood at 1.01 times, with the retail individual investor (RII) category subscribed 1.43 times, and the qualified institutional buyers (QIBs) segment subscribed 2.22 times.

The IPO’s grey market premium was reported at ₹3.5, indicating a potential listing price of ₹52.5 per share, which is approximately 7.14% higher than the upper end of the price band.

Ganga Bath Fittings’ IPO has garnered significant investor interest, reflecting confidence in the company’s growth prospects within the sanitaryware industry. Investors should consider their investment goals and consult financial advisors before participating.

Note: Investors are advised to consult with financial advisors before making investment decisions this blog is not responsible for anything.