Ganga Bath Fittings IPO Day 2 Update: 54% Subscribed, GMP ₹3
As of June 5, 2025, the Ganga Bath Fittings IPO has been subscribed 54% on its second day. Investors appear cautious despite the company’s established market presence.
Investor Sentiment on Day 2
According to data from the National Stock Exchange, a total of 36.3 lakh shares have been bid for out of the 66.63 lakh shares on offer till 10:10 AM, June 5.
- Retail Investors: 75%
- NII: 38%
- QIB: 22%
GMP Stands at ₹3 — Cautious Optimism
In the grey market, the GMP (Grey Market Premium) is hovering around ₹3, taking the effective price to ₹52 (against the issue price of ₹49). Though positive, it’s still considered a weak premium.
Check our Latest SME IPO GMP List – June 2025 for daily updates.
About Ganga Bath Fittings Ltd
Ganga Bath Fittings Ltd is a growing player in the bath and sanitary fittings industry, serving both residential and commercial sectors. IPO funds will be used for:
- Business Expansion
- Working Capital
- Debt Repayment
- General Corporate Use
IPO Details at a Glance
| IPO Detail | Info |
|---|---|
| Issue Size | 66,63,000 shares |
| Price Band | ₹47 – ₹49 |
| Lot Size | 3,000 shares |
| Minimum Investment | ₹1,47,000 |
| Subscription (Day 2) | 54% |
| GMP (as of June 5) | ₹3 (approx. 7% premium) |
| IPO Close Date | June 6, 2025 |
Also read: How to Analyse IPO GMP Before Investing
What to Expect on Final Day?
Historically, the final day sees a surge in subscriptions as investors make last-minute decisions. Market experts believe the IPO could get fully subscribed, driven by retail and NII rush.
Expert Take (Source: Moneycontrol): “Despite modest GMP, if market conditions remain stable, Ganga Bath Fittings IPO may see decent listing gains.”
Analyst View
While the GMP indicates limited listing gains, long-term investors may consider this IPO if they believe in the bath fittings industry growth. Strong fundamentals and expansion plans make it worth a watch.
Pros & Cons Summary
Pros:- Established brand in sanitary ware
- Strong retail response
- GMP still in green zone
- Low QIB interest
- Limited listing gain potential
- Market volatility impact
Final Verdict
The IPO has seen lukewarm interest so far. With one day to go, final subscription numbers will be critical. Investors should track GMP, subscription updates, and expert insights before investing.
What Do You Think?
What’s your view on the Ganga Bath Fittings IPO? Share your opinion in the comments and don’t forget to check our daily IPO GMP Tracker!