Ganga Bath Fittings Limited IPO
Ganga Bath Fittings Limited IPO
SME NSE SME 100% Book Built Offer
Closed

Price Band

₹46 - ₹49

Total Issue

₹33 Cr

Bid Dates

04 Jun - 06 Jun

Subscription

1.64x

Listing Price

₹59 (20.41%)

Website RHP Check Allotment

Valuation

Market Cap

₹108.82 Cr

P/E Ratio

32.45x

P/B Ratio

4.90x

Ganga Bath Fittings IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

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.

Ganga Bath Fittings IPO Lot Size

Lot Information for Ganga Bath Fittings IPO
Category Lots Shares Amount
Ind (Min) 1 3,000 ₹1,47,000
Ind (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
Allocate Funds
Market Maker
3,36,000 EQ Shares
Employee
₹0.00
Shareholder
₹0.00

Ganga Bath Fittings IPO Size

Total ₹32.65 Cr
Fresh Issue
₹33 Cr (0.67 Cr Shares)
Offer For Sale
₹0 (0.00 Shares)

Objects of Issue

  1. Capex towards purchase of equipment/machineries
  2. Repayment of certain borrowings availed by our Company
  3. Funding working capital requirements
  4. General Corporate Purpose

Ganga Bath Fittings IPO IPO Live Subscription

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

Ganga Bath Fittings IPO IPO Details Live GMP

GMP ₹0
Est. Price ₹49
Est. Gain 0.00%

Ganga Bath Fittings IPO Peer Comparison

(Rs. in crores)

Ganga Bath Fittings IPO Peer Comparison Table
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

Ganga Bath Fittings IPO IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Ganga Bath Fittings IPO
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

Key Performance Indicators (KPIs)

EBITDA

12.04%

PAT

4.38%

ROE

15.07%

ROCE

358.93%

  • All Ratios are based on Mar 24
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.

Promoter Holding

Promoter

98.81%

Public

1.19%

Mr. Sajan Tusharbhai Tilva 36.57%
Mr. Jimmy Tusharkumar Tilva 32.60%
Mr. Tusharkumar Vithaldas Tilva 15.19%
Other Promoter 14.44%

Management

Jimmy Tusharkumar Tilva
MD
Mr. Bharat Bhikubhai Chavda
CFO

Registrar & Lead Managers

Registrar

KFin Technologies

Lead Managers (1)

Jawa Capital

Company Details

Name: Ganga Bath Fittings Limited

Address: Survey No. 121, Nr. Vraj Industrial Estate, SIDC Road, B/H Shantidham Residency, Veraval (Shapar), Kotda Sangani, Rajkot, Gujarat 360024

Number: +91-9033863882

Email: cs@gangabathfittings.com

Website: www.gangabathfittings.com

Frequently Asked Questions (FAQs)

What is Ganga Bath Fittings IPO?
Ganga Bath Fittings IPO is a SME IPO having an issue size of ₹33 Crs. Ganga Bath Fittings IPO is priced at ₹46 - ₹49 per share. The issue opens on 04 Jun 25 and closes on 06 Jun 25.
When will Ganga Bath Fittings IPO open?
Ganga Bath Fittings IPO opens on 04 Jun 25 and closes on 06 Jun 25.
What is the GMP of Ganga Bath Fittings IPO?
The estimated Grey Market Premium of Ganga Bath Fittings IPO is ₹0 per share (0.00%).
What is the lot size of Ganga Bath Fittings IPO?
The minimum lot size of Ganga Bath Fittings IPO is 3000 shares & the minimum application amount is Rs. 147000.
When is the allotment of Ganga Bath Fittings IPO?
The allotment date of Ganga Bath Fittings IPO is 09 Jun 25.
What is the listing date of Ganga Bath Fittings IPO?
The listing date of Ganga Bath Fittings IPO is 11 Jun 25.
What is the subscription of Ganga Bath Fittings IPO?
Ganga Bath Fittings IPO is subscribed 1.64 times.
What is the price band of Ganga Bath Fittings IPO?
Ganga Bath Fittings IPO is priced at ₹46 - ₹49 per share.
How to check allotment status of Ganga Bath Fittings IPO?
Click the allotment link on Ganga Bath Fittings IPO page of IPO360.
How to apply Ganga Bath Fittings IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Ganga Bath Fittings IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Ganga Bath Fittings IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Ganga Bath Fittings IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date