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Ganga Bath Fittings IPO

  • Status: Closed
  • RHP:
  • ₹ 138,000 / 3000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    11 Jun 2025

  • Listing Price

    ₹ 59.00

  • Listing Change

    20.41%

  • Last Traded Price

    ₹ 32.00

IPO Details

  • Open Date

    04 Jun 2025

  • Close Date

    06 Jun 2025

  • Listing Date

    11 Jun 2025

  • IPO Price Range

    ₹ 46 to ₹49

  • IPO Size

    ₹ 32.65 Cr

  • Listing Exchange

    NSE SME

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IPO Timeline

Ganga Bath Fittings IPO Subscription Status

Last Updated: 17 June 2025 11:11 AM by 5paisa

Ganga Bath Fittings is launching a ₹32.65 crore IPO. It manufactures CP taps, showers, sanitary ware, PTMT taps, ABS accessories, and more under the "GANGA" brand. With a facility in Shapar-Veraval, Gujarat, the company ensures quality and timely delivery of customised products. Backed by ISO 9001:2015 certification and a 2,500+ distributor network, it offers over 400 SKUs and serves a strong customer base across India with advanced, reliable bath solutions.

Managing Director: Mr. Jimmy Tusharkumar Tilva

Peers:
Hindware Home Innovation Ltd
Cera Sanitaryware Ltd
 

Objectives

Capital expenditure to purchase equipment/machinery
Repayment/prepayment of certain borrowings
Working capital requirements
General corporate purposes
 

Ganga Bath Fittings IPO Size

Types Size
Total IPO Size ₹32.65 Cr.
Offer For Sale -
Fresh Issue ₹32.65 Cr.

 

Ganga Bath Fittings IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 3,000 138,000
Retail (Max) 1 3,000 138,000
HNI (Min) 2 6,000 276,000

Ganga Bath Fittings IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 2.22 69,000 1,53,000 0.750
NII (HNI) 0.55 31,29,000 22,71,000 11.128
Retail 1.69 31,29,000 79,74,000 39.073
Total** 1.13 63,27,000 1,03,98,000     50.950

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 10.70 12.18 13.68
EBITDA 0.76 1.40 1.63
PAT 0.01 0.09 0.59
Particulars (in Rs. Crores)] FY22 FY23 FY24
Total Assets 7.02 8.61 10.41
Share Capital 0.01 0.01 0.01
Total Borrowings 13.43 12.29 13.70
Particulars (in Rs. Crores FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities 0.68 0.16 -0.99
Net Cash Generated From / (used in) investing activities -0.66 -0.50 -0.41
Net Cash Generated From / (used in) financing activities -0.13 -0.06 -0.13
Net Increase (Decrease) In Cash And Cash Equivalents -0.10 -0.40 -0.15


Strengths:

1. Experienced promoters and strong management team.
2. Wide and diverse product portfolio.
3. Long-term relationships with distributors and suppliers.
4. Strong and skilled R&D team ensuring innovation.
 

Weaknesses

1. Limited operating history for investor evaluation.
2. Reported negative cash flows in multiple activities.
3. Dependency on working capital for operations.
4. High reliance on effective cash flow management.
 

Opportunities

1. Expanding demand for quality bathroom fittings.
2. Growing distributor network across India.
3. Potential for product customization and innovation.
4. Increasing market awareness of branded fittings.
 

Threats

1. Raw material price and supply volatility.
2. Risk of inadequate working capital availability.
3. Market competition affecting growth prospects.
4. Sustained negative cash flows impacting business.
 

1. Experienced promoters and wide product range with over 400 SKUs.
2. Strong manufacturing quality backed by ISO certification and advanced technology.
3. Growing Indian bath fittings market driven by government initiatives and rising incomes.
3. IPO proceeds will fund equipment, debt repayment, and working capital needs.
 

1. The Indian bath fittings market is projected to reach USD 16.67 billion by 2030.
2. Government initiatives like "Housing for All" and "Swachh Bharat Abhiyan" are promoting sanitary ware adoption. 
3. Rising disposable incomes are driving demand for premium and smart bathroom products. 
4. Ganga Bath Fittings is well-positioned to leverage its product portfolio and distributor network to capture growth in this expanding market.
 

Will You Apply for Ganga Bath Fittings IPO?

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FAQs

Ganga Bath Fittings IPO opens from 4 June 2025 to 6 June 2025.
 

The size of Ganga Bath Fittings IPO is ₹32.65 Cr.
 

The price of Ganga Bath Fittings IPO is fixed at ₹46 to ₹49 per share. 
 

To apply for Ganga Bath Fittings IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Ganga Bath Fittings  IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Ganga Bath Fittings IPO is 3,000 shares and the investment required is ₹138,000.
 

The share allotment date of Ganga Bath Fittings IPO is 9 June 2025
 

The Ganga Bath Fittings IPO will likely be listed on 11 June 2025.
 

Jawa Capital Services Private Limited is the book running lead manager for Ganga Bath Fittings IPO.

Ganga Bath Fittings plans to utilise the raised capital from the IPO for:

  • Capital expenditure to purchase equipment/machinery
  • Repayment/prepayment of certain borrowings
  • Working capital requirements
  • General corporate purposes