Ganga Bath Fittings Ltd. IPO Listing
Ganga Bath Fittings Ltd. IPO is listed today on the NSE SME platform on June 11, 2025. The company manufactures and supplies bathroom accessories like CP taps, showers, sanitary ware, door handles, vanities, sinks, etc. Its IPO was open from June 4 to June 6, 2025, raising ₹32.65 crore by issuing 66.63 lakh fresh shares at a price band of ₹46–₹49 per share, with a minimum lot size of 3,000 shares (₹1,47,000 for retail investors).
Latest Listing Update (11 June 2025)
The shares debuted at ₹59 on the NSE SME platform, reflecting a premium of approximately 20% over the IPO price of ₹49.
After listing, trading saw a slight correction—with intra-day trades around ₹56.05, still up roughly 14% from the issue price, indicating strong demand and positive sentiment. 1
Grey Market Premium (GMP) and Listing Outlook
Before listing, the GMP was flat (₹0), indicating shares were trading at issue price. The strong listing at ₹59 suggests GMP underestimated market demand. 2
Subscription Status
The IPO was subscribed 1.64 times overall—retail investors over 111%, QIB 222%, and NII lower. 3
About the Company
Founded in 2018, Ganga Bath Fittings operates under brands like Ganga, Glimps, Stepian, and Tora, and offers OEM services. It runs three modern manufacturing units in Rajkot, Gujarat. IPO proceeds will be used for capital expenditure, debt repayment, working capital, and general corporate purposes.
Allotment and Listing Timeline
- IPO Opened: June 4, 2025
- IPO Closed: June 6, 2025
- Allotment Finalised: June 9, 2025
- Refunds Initiated and Shares Credited: June 10, 2025
- Listing Date: June 11, 2025
Investor Guidance
Despite initial flat GMP, the listing performance shows strong investor confidence. However, valuations appear rich: listing at ₹59 means a ~20% premium from issue price. Investors should consider the company’s fundamentals, sector outlook, and lock-in conditions before making decisions.
Disclaimer: This content is for informational purposes only and not investment advice. Please consult a financial advisor before making investment decisions.