Search for Loan Search for Card Search for Insurance Search for Investment Search for Stocks Search for Credit Card Search for Personal loan Search for IPO Search for Indices

Customer Portal

EMI Card

Download

Steal Deals

BAJAJ FINSERV DIRECT LIMITED

Market Insights

Ganga Bath Fittings IPO: Slow Demand on Day 2

Geetanjali Lachke Posted on June 06, 2025

The Initial Public Offering (IPO) of Ganga Bath Fittings Ltd. has seen a slow response from investors on its second day of subscription. However, Qualified Institutional Buyers (QIBs) have shown significant interest in the offering.

Ganga Bath Fittings IPO Subscription

As of Day 2 of the subscription process, the Ganga Bath Fittings IPO has been 75% subscribed, with 50.16 Lakh shares bid for out of the 66.63 Lakh shares available. The demand for the IPO from Qualified Institutional Buyers (QIBs) has been notable, while interest from retail and non-institutional investors has been more restrained.

Company Overview and IPO Details

Founded in 2018, Ganga Bath Fittings Ltd manufactures and supplies a broad range of bathroom accessories across India, including CP taps, showers, sanitary ware, ABS fittings, door handles, vanities, and kitchen sinks. The IPO seeks to raise ₹32.65 Crores through the new issue of 66.63 Lakh shares.

IPO Price and Investment Details

Price Range: ₹46 to ₹49 per share
Retail Lot Size: 3,000 shares, with an investment requirement between ₹1,38,000 and ₹1,47,000, depending on the share price

The funds raised from this IPO will be utilised for:

Capital expenses and purchasing new machinery
Repaying loans
Meet working capital needs
Funding other corporate needs

IPO Timeline

IPO Opening Date: June 4, 2025
IPO Closing Date: June 6, 2025
Expected Listing Date: June 11, 2025 (on NSE SME platform)

While Ganga Bath Fittings' IPO has not been fully subscribed yet, demand from QIBs indicates considerable institutional participation. The IPO’s final subscription numbers will be confirmed after the closing day. Investors may wish to track the subscription status to gain insights into market interest.

Disclaimer

This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.

Sources

https://www.business-standard.com/markets/news/ganga-bath-fittings-ipo-day-2-update-subscription-lags-at-54-gmp-7-125060500299_1.html

https://www.livemint.com/market/ipo/ganga-bath-fittings-ipo-issue-booked-64-on-the-second-bidding-day-led-by-qibs-retail-investors-check-gmp-11749102154055.html

Hi! I’m Geetanjali Lachke

Blogger

Geetanjali is an emerging content writer with a passion for writing and marketing. She focuses on crafting clear, engaging blog posts and articles that simplify complex topics, particularly in finance and business. Geetanjali is dedicated to delivering insightful content that helps readers understand and navigate critical concepts, empowering them to make informed decisions and stay ahead in the ever-evolving landscape of finance and business.