Ganga Bath Fittings IPO was subscribed 1.64 times on the last day, a retail quota was subscribed over 2.55 times, NII subscribed over 0.73 times, and QIB was 2.22 times, respectively.
Details About Ganga Bath Fittings IPO
Ganga Bath Fittings IPO received approval from SEBI for an IPO worth ₹32.65 crores. Wherein a fresh issue would be totally ₹32.65 crores.
Further, Ganga Bath Fittings IPO had a set price band between ₹46 to ₹49 Per Share.
Ganga Bath Fittings IPO consists of 3000 shares in 1 lot size for retail minimum and maximum categories as well. While 6000 shares were in 2 lot sizes for the S-HNI category.
To invest in the Ganga Bath Fittings IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,47,000.
- SHNI (S-HNI): Minimum investment of ₹2,94,000.
Ganga Bath Fitting IPO Subscription Duration
Ganga Bath Fittings IPO opened on June 4th, 2025, and closed on June 6th, 2025. Ganga Bath Fittings IPO allotment date was scheduled on June 9th, 2025. Ganga Bath Fittings IPO listing on June 11, 2025.
Ganga Bath Fittings IPO funds deployment
The proceeds raised from the fresh issue will be used towards the capital expenditure for the purchase of equipment/machinery. Some proceeds will be used towards repayment/prepayment of existing debt taken by the company, Lastly, the remaining funds will be used for the company’s general corporate uses, etc.
About Ganga Bath Fittings IPO Company
Incorporated in 2018, Ganga Bath Fitting Limited specializes in the manufacturing and exporting of Bathroom Accessories, such as CP taps and their parts like showers, bath accessories, Sanitary wear, ABS Shower, ABS Health faucet, ABS Taps, ABS Accessories, PTMT Taps, Door Handles, Bathroom Vanities, Bathroom Sinks, SS Showers, Shower Drains, SS Channel Drainer etc, under its many brands that include Ganga, Glimpse, Stepain, and Tora. The company is also involved in the manufacturing of bath fittings and accessories for different brands via contract manufacturing. Ganga Bath utilizes modern technology with the aim of doing a complete quality check for customer satisfaction. The company has 2 Executive Directors and 155 employees as of December 2024.
Financial Report of the Ganga Bath Fittings IPO Company
The company reported revenue of ₹32.01 crores in 2024 against ₹30.68 crores in 2023. The company reported a profit of ₹2.48 crores in 2024 against a profit of ₹0.31 crores in 2023.
