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Ganga Bath Fittings Limited's Initial Public Offering (IPO) concluded on June 6, 2025, with a moderate overall subscription. The ₹32.65 Crore IPO, entirely a fresh issue of 66.63 Lakh equity shares, was open for bidding from June 4 to June 6, 2025, within a price band of ₹46 to ₹49 per share.
The IPO witnessed varying levels of interest across investor categories:
Retail Investors: Subscribed 2.55 times
Qualified Institutional Buyers (QIBs): Subscribed 2.22 times
Non-Institutional Investors (NIIs): Subscribed 0.73 times
Market Maker: Subscribed 1.00 time
Overall, the IPO was subscribed 1.64 times, with total bids reaching 1,03,98,000 shares against the 63,27,000 shares offered.
The proceeds from the IPO are intended for:
Capital Expenditure: ₹20.13 Crores for purchasing equipment and machinery
Debt Repayment: ₹5.32 Crores for repaying certain borrowings
Working Capital: ₹2.70 Crores to fund working capital requirements
General Corporate Purposes: Remaining funds for other corporate needs
Established in 2018, Ganga Bath Fittings Limited is a manufacturer and supplier of a wide range of bathroom accessories. The company’s product portfolio includes CP taps, showers, sanitary ware, ABS fittings, door handles, vanities, and sinks.
Operating from its manufacturing facility in Shapar-Veraval, Gujarat, the company utilizes modern technology and a skilled workforce to ensure high standards of product quality.
Ganga Bath Fittings Limited has developed a robust nationwide distribution network comprising over 2,500 distributors. Its products are marketed under several brand names, including “GANGA,” “Glimpse,” “Stepian,” and “Tora.”
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
Economic Times — Ganga Bath Fittings IPO to open on June 4; aims to raise ₹32.65 crore, https://economictimes.indiatimes.com/markets/ipos/fpos/ganga-bath-fittings-ipo-to-open-on-june-4-aims-to-raise-rs-32-65-crore/articleshow/121574929.cms
Moneycontrol — Ganga Bath Fittings IPO fully subscribed on second day, issue closes on June 6, https://www.moneycontrol.com/news/business/ipo/ganga-bath-fittings-ipo-fully-subscribed-on-second-day-issue-closes-on-june-6-13100681.html
Business Standard — Ganga Bath Fittings IPO sees muted response; subscription at 1.4x, GMP nil, https://www.business-standard.com/markets/news/ganga-bath-fittings-ipo-sees-muted-response-subscription-at-1-4x-gmp-nil-125060600561_1.html
LiveMint — Ganga Bath Fittings IPO: Issue booked 1.54x on the third bidding day so far led by QIBs, retail investors. Check GMP, 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
Republic World — Ganga Bath Fittings IPO: Know Price Band, Lot Size, Key Dates And More, https://www.republicworld.com/business/ganga-bath-fittings-ipo-know-price-band-lot-size-key-dates-and-more
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Posted on 05 Jun
Geetanjali Lachke
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