Ganga Bath Fittings IPO
GMP, Subscription, Price, Dates & Financial Details
Ganga Bath Fittings Limited, originally founded as a partnership firm named Ganga Plast Industries in 2018 by Mr. Tusharkumar Vithaldas Tilva and family members, began with a focus on manufacturing ABS showers, faucets, taps, and other bath accessories. In 2020, the firm was converted into Ganga…
Open Date
Wed, 04 Jun 2025
Close Date
Fri, 06 Jun 2025
Price Band
₹ 46 – 49
Lot Size
3000
Issue Size
₹ 32.65 Cr
Minimum Investment
₹ 294,000 (6000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Ganga Bath Fittings IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹32.65 Crore, comprising a fresh issue of 66.63 Lakh equity shares aggregating to ₹32.65 Crore.
The Ganga Bath Fittings IPO remained open for subscription from June 04, 2025, to June 06, 2025. The basis of allotment was finalized on June 09, 2025, and the company's shares were listed on NSE SME Platform on June 11, 2025.
The company had fixed the price band at ₹46 to ₹49 per share, with a lot size of 3000 shares. Retail investors were required to make a minimum investment of ₹294,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Jawa Capital Services Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Ganga Bath Fittings Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Ganga Bath Fittings IPO Timeline (Tentative)
- IPO Open Date
- Wed, 04 Jun 25
- IPO Close Date
- Fri, 06 Jun 25
- Basis of Allotment
- Mon, 09 Jun 25
- Initiation of Refunds
- Tue, 10 Jun 25
- Credit of Shares to Demat
- Tue, 10 Jun 25
- Listing Date
- Wed, 11 Jun 25 — NSE & BSE
Open Date
04 June 2025
Close Date
06 June 2025
Basis Of Allotment
09 June 2025
Listing Date
11 June 2025
IPO Subscription
Check Live Subscription →The Ganga Bath Fittings IPO has received bids for 1,07,40,000 shares against 63,27,000 shares offered, resulting in an overall subscription of 1.7x. the NII category is subscribed 0.83x, Retail Investors 2.55x, and QIBs 2.22x.
QIB
2.22x
NII
0.83x
RII
2.55x
Total
1.7x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 31,29,000 shares, representing 49.45% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 69,000 shares (1.1%), while Non-Institutional Investors (NIIs) receive 31,29,000 shares (49.45%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 69,000 | 1.1% |
| Non-Institutional | 3,129,000 | 49.45% |
| Retail Investors | 3,129,000 | 49.45% |
| Total | 6,327,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 43.67 | 33.74 | 32.03 | 29.87 |
| Revenue | 32.31 | 32.01 | 30.68 | 22.34 |
| Profit After Tax | 4.53 | 2.48 | 0.31 | 0.21 |
| Net Worth | 22.12 | 11.05 | 9.51 | 7.36 |
| Reserve & Surplus | 15.54 | 11.05 | 9.51 | 7.36 |
| Total Borrowings | 10.73 | 13.7 | 12.29 | 13.43 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Ganga Bath Fittings Limited KPI Information
| Particular | KPI as of Sun, Mar 31, 2024. |
|---|---|
| ROE % | 15.07 |
| ROCE % | 29.8 |
| Debt / Equity | 0.87 |
| RoNW % | 15.07 |
| Pat Margin % | 9.96 |
Peers Comparison
No Peer Comparision Available
About Ganga Bath Fittings Limited
Ganga Bath Fittings Limited, originally founded as a partnership firm named Ganga Plast Industries in 2018 by Mr. Tusharkumar Vithaldas Tilva and family members, began with a focus on manufacturing ABS showers, faucets, taps, and other bath accessories. In 2020, the firm was converted into Ganga Plast Industries LLP to streamline operations and support business growth. The business continued to evolve and was incorporated as a public limited company, Ganga Plast Industries Limited, on May 22, 2024. Shortly after, on July 3, 2024, the company was renamed Ganga Bath Fittings Limited.
Following a business transfer agreement dated June 10, 2024, Ganga Bath Fittings Limited acquired the businesses of Ganga Industries and Ganga Bathing Solution, both involved in manufacturing bath fittings and accessories. While Ganga Bathing Solution was dissolved, Ganga Industries remains in existence as the property owner of the company’s registered office and GI Unit, though it no longer carries on any business operations.
Currently, Ganga Bath Fittings Limited manufactures and supplies a wide range of bathroom accessories and fittings such as CP taps, showers, ABS and PTMT taps, health faucets, sanitary ware, door handles, bathroom sinks, vanities, SS showers, and linear shower drains. The company operates through three main business verticals: (1) manufacturing and selling products under its own brands—Ganga, Glimpse, Stepian, and Tora; (2) contract manufacturing for OEMs; and (3) trading and branding sanitary ware under the Ganga brand.
With three manufacturing units, the company emphasizes quality control and timely, customized production aligned to client specifications. It is ISO 9001:2015 certified and backed by a skilled management team and an experienced board of directors. Ganga Bath Fittings Limited maintains strong relationships with its customers across India, with a focus on innovation, new product designs, and continuous engagement to stay aligned with market trends.
Ganga Bath Fittings IPO Promoters
- Mr. Tusharkumar Vithaldas Tilva
- Mr. Jimmy Tusharkumar Tilva
- Mr. Sajan Tusharbhai Tilva
Promoters Holding
Holding Pre Issue
98.81%
Holding Post Issue
69.16%
Ganga Bath Fittings IPO Objective
The objects of the present issue of Equity Shares are:
- Capital Expenditure towards purchase of equipment/machineries, etc.
- Repayment/prepayment of certain borrowings availed by our Company;
- Funding working capital requirements; and
- General Corporate Purpose
Ganga Bath Fittings Limited Address / Contact Details
Ganga Bath Fittings Limited
Survey No. 121, Nr. Vraj Industrial Estate,
SIDC Road, B/H Shantidham Residency,
Veraval(Shapar), Kotda Sangani,
Rajkot, Gujarat 360024
Phone: +91-9033863882
Email: info@mandeepautoindustries.com
Website: https://gangabathfittings.com/
IPO Snapshot
Ganga Bath Fittings IPO Lot Size
The Ganga Bath Fittings IPO has a lot size of 3,000 shares. Retail investors require a minimum investment of ₹1,47,000 by applying for 1 lot (3,000 shares). The maximum application allowed for the retail category is 1 lots (3,000 shares), requiring an investment of ₹1,47,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | 147,000.00 |
| Retail (Max) | 1 | 3,000 | 147,000.00 |
| S-HNI (Min) | 2 | 6,000 | 294,000.00 |
Issue Reservation
- QIB — 1.1%
- NII — 49.45%
- RII — 49.45%
Book Running Lead Managers
- Jawa Capital Services Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Ganga Bath Fittings IPO?
Ganga Bath Fittings IPO is a Book-building IPO with a total issue size of ₹32.65 crore. The Ganga Bath Fittings IPO price band is ₹46 to 49 per share. The Ganga Bath Fittings IPO subscription opens on Wed, Jun 4, 2025, and closes on Fri, Jun 6, 2025. The Ganga Bath Fittings IPO will be listed on the NSE. KFin Technologies Limited is the registrar for the Ganga Bath Fittings IPO.
When will the Ganga Bath Fittings IPO open for subscription?
The Ganga Bath Fittings IPO opens on Wed, Jun 4, 2025 and closes on Fri, Jun 6, 2025
What is Ganga Bath Fittings IPO Price Band?
Ganga Bath Fittings IPO Price Band is ₹46 to 49 per share.
What is Ganga Bath Fittings IPO Lot Size?
Ganga Bath Fittings IPO lot size is 3000 shares, Retail investors need a minimum investment of ₹294000 based on the upper price band
What is the minimum investment for Ganga Bath Fittings IPO?
The minimum investment for Ganga Bath Fittings IPO is ₹294000, based on one lot of 3000 shares at the upper price band of ₹49 per share.
How to apply for Ganga Bath Fittings IPO?
Investors can apply for the Ganga Bath Fittings IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Jun 6, 2025. The application amount remains blocked until the Ganga Bath Fittings IPO allotment is finalized.
What is Ganga Bath Fittings IPO Issue Size?
Ganga Bath Fittings IPO issue size is ₹32.65 crores.
What is the Ganga Bath Fittings IPO Allotment Date?
Ganga Bath Fittings IPO allotment date is Mon, Jun 9, 2025.
Who is the Ganga Bath Fittings IPO Registrar?
The registrar for Ganga Bath Fittings IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Ganga Bath Fittings IPO allotment status, refund processing, and other IPO-related information.
What is the Ganga Bath Fittings IPO GMP?
The Ganga Bath Fittings IPO GMP (Grey Market Premium) is ₹-2 as of Wed, Jun 11, 2025. Based on the upper price band of ₹49 per share, the estimated Ganga Bath Fittings IPO listing price is ₹47, indicating a potential listing gain of approximately -4.08% over the issue price.
Who is the Ganga Bath Fittings IPO Lead Manager?
The book-running lead managers (BRLMs) for the Ganga Bath Fittings IPO are Jawa Capital Services Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Ganga Bath Fittings IPO Red Herring Prospectus (RHP).