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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.
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.
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.
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 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.
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
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Posted on 05 Jun
Geetanjali Lachke
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