IPO GMP (Grey Market Premium)
| Date | GMP | Kostak | Subject to Sauda |
|---|---|---|---|
| 10 June 2025 | â‚ą50 | â‚ą500 | â‚ą10,000 |
IPO Details
| IPO Name | Ganga Bath Fittings IPO |
|---|---|
| IPO Type | SME IPO |
| Issue Size | â‚ą50 Crores |
| Price Band | â‚ą80-â‚ą85 |
| Face Value | â‚ą10 per share |
| Listing at | BSE SME |
Subscription
Subscription details will be updated during the IPO period.
Key Performance Indicators (KPI)
| KPI | Dec-24 | May-24 | Mar-24 |
|---|---|---|---|
| ROE | 16.30% | 5.70% | 15.07% |
| RONW | 26.57% | 40.77% | 15.07% |
| EPS (basic) | 2.71 | 0.57 | 1.51 |
| P/E Pre IPO | 30.74 | ||
| P/E Post IPO | 18.03 | ||
Company Financials (â‚ą in Crores)
| Period Ended | Dec-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 43.67 | 33.74 | 32.03 | 29.87 |
| Revenue | 32.31 | 32.01 | 30.68 | 22.34 |
| Profit After Tax | 4.53 | 2.48 | 0.31 | 0.21 |
| Net Worth | 22.12 | 11.05 | 9.51 | 7.36 |
| Reserves and Surplus | 15.54 | 11.05 | 9.51 | 7.36 |
| Total Borrowing | 10.73 | 13.70 | 12.29 | 13.43 |
Company Overview
Ganga Bath Fittings Limited specializes in manufacturing and distributing a comprehensive range of bathroom fittings and sanitary products under the brand name “GANGA.” Established in 2018, the company has carved a strong market presence through innovative manufacturing techniques and a robust product line.
Product Portfolio
- CP Bath Fittings: Chrome-plated, stylish faucets and fixtures.
- Sanitary Ware: Extensive range of sanitary products for diverse applications.
- PTMT Taps: Durable taps made from advanced PTMT material.
- Stainless Steel Showers: Modern, long-lasting shower solutions.
- ABS Accessories: Lightweight, impact-resistant bathroom accessories.
- Other Products: Includes vanities, sinks, door handles, and more.
Manufacturing Capabilities
The company runs a technologically advanced manufacturing plant in Shapar-Veraval, Gujarat, focusing on quality, customization, and timely delivery. Its skilled workforce ensures adherence to stringent quality benchmarks.
SKU Portfolio (as of December 2024)
- GI Unit: 250 SKUs
- GBS Unit: 32 SKUs
- GPI Segment: 150 SKUs
Distribution Network
Ganga Bath Fittings boasts a wide-reaching distribution network with over 2,500 established distributors across India, ensuring excellent market penetration and customer service.
Strengths & Weaknesses
- Experienced management team with deep industry insights.
- Diverse product portfolio catering to varied customer needs.
- Established pan-India distribution network with 2,500+ partners.
- Reliance on leased manufacturing facilities may introduce operational risks.
- High trade receivables could impact short-term liquidity.
- Regulatory compliance remains an area of ongoing attention.
Final Comment
Ganga Bath Fittings IPO FAQs
What is Ganga Bath Fittings IPO? Ganga Bath Fittings IPO is a Small and Medium Enterprise (SME) initial public offering (IPO) of â‚ą50 crore. The issue is being offered in the price band of â‚ą80-â‚ą85 per equity share. The IPO will be listed on the BSE SME platform.
When will Ganga Bath Fittings IPO open? The IPO is scheduled to open on [insert IPO open date here]. Investors can subscribe during the offer period.
When will Ganga Bath Fittings IPO close? The IPO will close on [insert IPO close date here].
What is the lot size of Ganga Bath Fittings IPO? The minimum lot size for the Ganga Bath Fittings IPO is [insert lot size here] shares. Retail investors must apply for at least 1 lot (i.e., [insert number of shares in 1 lot] shares).
What is the minimum investment required in Ganga Bath Fittings IPO? The minimum investment for retail investors in Ganga Bath Fittings IPO is â‚ą[insert minimum investment amount here].
What is the price band of Ganga Bath Fittings IPO? The price band for Ganga Bath Fittings IPO is â‚ą80 to â‚ą85 per share.
Who is the registrar for Ganga Bath Fittings IPO? The registrar for Ganga Bath Fittings IPO is [insert registrar name here]. They will manage the IPO application process and allotment.
When will Ganga Bath Fittings IPO allotment take place? The basis of allotment for the Ganga Bath Fittings IPO will be finalized on [insert allotment date here]. Investors can check their allotment status thereafter.
When will Ganga Bath Fittings IPO shares be listed? The Ganga Bath Fittings IPO shares are expected to be listed on the BSE SME platform on [insert listing date here].
How to apply in Ganga Bath Fittings IPO through Zerodha? Investors can apply in Ganga Bath Fittings IPO through Zerodha by logging into Console, going to the IPO section, selecting Ganga Bath Fittings IPO, entering bid details, and submitting the application via UPI.
How to apply in Ganga Bath Fittings IPO through Upstox? Investors can apply in Ganga Bath Fittings IPO through Upstox by navigating to the IPO section in the Upstox app or website, selecting Ganga Bath Fittings IPO, and completing the application with UPI payment.
What is Ganga Bath Fittings IPO GMP today? The Ganga Bath Fittings IPO Grey Market Premium (GMP) today is â‚ą[insert current GMP here]. This is an unofficial indicator of market demand for the IPO before listing.
Is Ganga Bath Fittings IPO good for investment? Investors should analyze the company’s financials, strengths, risks, and valuations before investing. As per current analysis, the IPO may be suitable for investors with a higher risk appetite due to certain operational risks and valuations. Conservative investors may prefer to wait and watch post-listing performance.
What are the strengths of Ganga Bath Fittings IPO? The company has an experienced management team, a diverse product portfolio, and a strong nationwide distribution network with 2,500+ distributors.
What are the risks in Ganga Bath Fittings IPO? The company is dependent on leased manufacturing facilities, has high trade receivables, and faces regulatory compliance risks that could impact operations.
Should I apply in Ganga Bath Fittings IPO? Investors should carefully consider the company’s financial performance, business model, industry prospects, and personal investment goals. The IPO may not suit conservative investors looking for stability, as current valuation and operational risks suggest caution.
How to check Ganga Bath Fittings IPO allotment status? Investors can check Ganga Bath Fittings IPO allotment status on the official website of the IPO registrar or via BSE SME platform using their PAN number and application details.
Can I sell Ganga Bath Fittings IPO shares on listing day? Yes, you can sell Ganga Bath Fittings IPO shares on listing day provided the shares are credited to your demat account. Keep in mind that price movements on listing day can be volatile.
At present, based on financials, operational risks, and current valuations, this IPO might be better avoided by risk-averse investors.