Ganga Bath Fittings Limited IPO
Ganga Bath Fittings Limited IPO
Price Band
₹46 - ₹49
Total Issue
₹32.65 Cr
Bid Dates
04 Jun - 06 Jun
Subscription
1.70x
Est. GMP
₹0 (0.00%)
Tentative Timetable
Business Overview
Ganga Bath Fittings Limited, originally founded as Ganga Plast Industries in 2018 by the Tilva family, has undergone multiple transformations—from a partnership firm to an LLP in 2020, and finally a public company in 2024. The company acquired M/s Ganga Industries and M/s Ganga Bathing Solutions, enhancing its product line. It now operates three units in Rajkot, Gujarat, manufacturing CP taps, ABS and PTMT fittings, SS showers, and sanitary ware under brands like Ganga, Glimpse, Stepian, and Tora. Backed by ISO 9001:2015 certification and an experienced team, the company is focused on innovation, customer satisfaction, and expanding its market presence across India.
Lot Info
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Individual (Min) | 1 | 3,000 | ₹1,47,000 |
| Individual (Max) | 1 | 3,000 | ₹1,47,000 |
| S-HNI (Min) | 2 | 6,000 | ₹2,94,000 |
| S-HNI (Max) | 6 | 18,000 | ₹8,82,000 |
| B-HNI (Min) | 7 | 21,000 | ₹10,29,000 |
Issue Size
Objects of the Issue
A1
A2
A3
Grey Market Premium
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 10 Jun | ₹0 (0%) | ₹49 |
| 09 Jun | ₹0 (0%) | ₹49 |
| 05 Jun | ₹3 (6.1%) | ₹52 |
| 04 Jun | ₹1 (2%) | ₹50 |
| 03 Jun | ₹0 (0%) | ₹49 |
| 02 Jun | ₹0 (0%) | ₹49 |
| 30 May | ₹0 (0%) | ₹49 |
Ganga Bath Fittings IPO Peer Comparison
(Rs. in crores)
| Particulars | Ganga Bath Fittings | Hindware Home Innovatio | Cera Sanitaryware |
|---|---|---|---|
| Revenue from Ops (in Crs.) | 13.58 | 444.82 | 1,871.23 |
| PAT (In Crs.) | 0.59 | -35.99 | 239.17 |
| EPS - Basic | 2.71 | -4.98 | 183.89 |
| NAV per share | 16.61 | 12.05 | 1,032.26 |
| RONW | 26.57% | -41.33% | 17.81% |
| EBITDA | 12.04% | -2.77% | 18.91% |
| PAT Margin | 4.38% | -8.09% | 12.87% |
| Price to earning (PE) | 32.45 | -75.64 | 36.88 |
- All the information pertains to FY 2023-24
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of May 28, 2025 for Peers
Financial Performance
(Rs. in crores)
| Particulars | Dec-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Revenue from Operations | 24.82 | 13.58 | 12.18 | 10.67 |
| Profit after Tax | 3.84 | 0.59 | 0.09 | 0.01 |
| Net Worth | 22.12 | 3.94 | 1.35 | 1.24 |
| Total Borrowing | 10.73 | 7.37 | 5.16 | 4.27 |
| Total Assets | 43.67 | 10.41 | 8.61 | 7.02 |
| NAV per share (in ₹) | 16.61 | 10.00 | 10.00 | 10.00 |
| EPS - Basic (in ₹) | 3.28 | 1.51 | 0.69 | 0.06 |
KPIs
EBITDA
12.04%
PAT
4.38%
ROE
15.07%
ROCE
358.93%
PE Ratio
32.45
PB Ratio
4.90
Mkt Cap (in Crs.)
108.82
- All Ratios are based on Mar 24
- PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.
Shareholding
Promoter
98.81%
Public
1.19%
Management
Subscription Status
Updated as on 06-Jun-2025 19:00:05 hrs
| Category | Sub (x) | Offered | Bids |
|---|---|---|---|
| QIB | 2.22x | 69,000 | 1,53,000 |
| NII | 0.73x | 31,29,000 | 22,71,000 |
| Retail | 2.55x | 31,29,000 | 79,80,000 |
| Total | 1.64x | 63,27,000 | 1,04,04,000 |
Frequently Asked Questions
What is Ganga Bath Fittings IPO?
When will Ganga Bath Fittings IPO open?
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When is the allotment of Ganga Bath Fittings IPO?
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What is the subscription of Ganga Bath Fittings IPO?
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How to check allotment status of Ganga Bath Fittings IPO?
How to apply Ganga Bath Fittings IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Ganga Bath Fittings IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Ganga Bath Fittings IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Ganga Bath Fittings IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date