Ganga Bath Fittings IPO GMP & Review: Should You Apply or Not? 

What is Ganga Bath Fittings IPO?

Ganga Bath Fittings IPO is an NSE SME IPO set to be listed on the Indian markets on Wednesday, 11th June 2025. The public issue for Ganga Bath Fittings Ltd is a book build offer consisting entirely of a fresh issue for 66.63 lakh shares aggregating to an IPO size of ₹32.65 crores.

Ganga Bath Fittings IPO Details 

Ganga Bath Fittings IPO is set to open for subscription on 4th June 2025 and will close on 6th June 2025. The IPO allotment will be finalised tentatively on 9th June 2025, and listing will take place on 11th June 2025. 

The price band for the Ganga Bath Fittings IPO is set between the floor price of ₹46 and the cap price of ₹49 per share. The minimum lot size for retail investors is 3000 shares (1 lot), aggregating to a minimum investment of ₹1,38,000. For the HNI segment, the minimum lot size is 6,000 shares (2 lots), aggregating to ₹2,94,000. For more information on the Ganga Bath Fittings IPO Schedule and details, refer to the tables below: 

The registrar for the Ganga Bath Fittings IPO is Kfin Technologies Limited, and the book running lead manager is Jawa Capital Services Private Limited. 

Ganga Bath Fittings IPO Key Information

Ganga Bath Fittings IPO Dates

Ganga Bath Fittings IPO GMP (Grey Market Premium)

As of 4th June 2025, the Ganga Bath Fittings IPO GMP stood at ₹1 per share. The GMP indicates that the public offer for the company might experience a premium listing on 11th June 2025, with a tentative listing price of ₹50 (cap price + GMP) per share and gains of 2.04%. However, the Ganga Bath Fittings IPO GMP is subject to change as per the market conditions and investor demand. Therefore, refer to the table below to receive recent IPO GMP updates: 

Ganga Bath Fittings IPO Lot Size Structure

Ganga Bath Fittings IPO Subscription Status

As of Day 1, the Ganga Bath Fittings IPO was subscribed 0.03 times. The retail segment subscription stood at 0.06 times, whereas the QIB and NII category was subscribed 0.00 times and 0.01 times, respectively. 

Ganga Bath Fittings IPO Review

Ganga Bath Fittings IPO Technical Analysis

Please note that the Price-To-Earnings (P/E) and Earnings Per Share (EPS) ratios are subject to change after the Ganga Bath Fittings IPO listing. Therefore, have a look at the table below that provides pre and post IPO values of PE and EPS of the Ganga Bath Fittings IPO. 

Ganga Bath Fittings IPO Objectives 

Ganga Bath Fittings Limited is eyeing to raise ₹32.65 crores through the initial public offer. The company will use the net proceeds from this IPO to fulfil the following objectives. 

1. Capital Expenditure towards the purchase of equipment/machinery.
2. Repayment/prepayment of certain borrowings availed by the Company.
3. Funding working capital requirements.
4. General Corporate Purpose.

Ganga Bath Fittings Limited will be deploying the net issue proceeds (gross issue proceeds – issue expense) for the fulfilment of the IPO objectives mentioned in the following manner: 

*Values in crores

The net issue proceeds from the Ganga Bath Fittings IPO will first be used in the manner mentioned above. If there is surplus remaining, then the same will be used for funding general corporate purposes. 

Ganga Bath Fittings IPO Peer Comparison

About Ganga Bath Fittings Limited

Ganga Bath Fittings Limited (formerly known as Ganga Plast Industries) is engaged in the business of manufacturing and supplying bathroom accessories such as CP taps, showers, bath accessories, sanitary wares, ABS Showers, ABS Health faucets, ABS Taps, Door Handles, etc. 

The company earns revenue from 3 business segments, including the manufacturing and sale of goods under its own brand name. The second source of revenue is the sale of goods to OEMs. Under the OEM channel, Ganga Bath Fittings manufactures bath fittings and accessories on a contract manufacturing basis and sells them under a third-party brand. The last revenue segment includes the sale of traded goods, under which the company procures sanitary wares and rebrands them under the name of Ganga and sells them to customers. 

Ganga Bath Fittings Limited | Financial Performance (FY22 – FY 24)

*Figures in crores, except EPS 

During the financial year 2024, Ganga Bath Limited posted a PAT of ₹0.59 crores, up by 555.55% from ₹0.09 crores in FY23 and 686.66% from 0.075 crores in FY22. On the revenue side, the company clocked a revenue from operations of ₹13.58 crores in FY24, registering a growth of 11.5% from FY23 and 27.27% from FY22.  

How Apply For The Ganga Bath Fittings IPO

Ganga Bath Fittings IPO will open for subscription on 4th June 2025 and will close on 6th June 2025. Therefore, investors must bid accordingly for the IPO within this subscription period. To apply for the Ganga Bath Fittings IPO, follow the instructions given below.

Step 1 – Read and research about the pros & cons, and other key details of the IPO. 

Step 2 – Open a demat account with Univest to know more about the Ganga Bath Fittings IPO and invest in it. If you already have a demat account, then you can use the same to place a bid for the offer. 

Step 3 – If you are a retail investor, then place a bid for 3000 shares for a total amount of ₹1,47,000. 

Step 4 – Once the bidding process is completed, you will receive a request for payment initiation using your chosen investment method. Approve the payment request and stay updated with the allotment status for the Ganga Bath Fittings IPO. 

Key Takeaways on Ganga Bath Fittings IPO

• The Ganga Bath Fittings IPO is a book build offer for 66,63,000 shares with a total IPO size of ₹32.65 crores. 
• The IPO will open for subscription on 4th June 2025 and will close on 6th June 2025, and will list on the NSE SME platform on 11th June 2025. 
• The price band for the Ganga Bath Fittings IPO is ₹46 to ₹49 per share. Retail investors are required to bid for a minimum of 3,000 shares. 

FAQ on Ganga Bath Fittings IPO 

What is the Ganga Bath Fittings IPO price? 

The Ganga Bath Fittings IPO is priced at a floor price of ₹46 and a cap price of ₹49 per share. 

Is the Ganga Bath Fittings IPO good? 

Ganga Bath Fittings Limited operates in a very competitive industry alongside competitors such as Hindware and Cera Limited. The company has maintained a positive bottom line from FY22 to FY24, along with consistently growing revenue. However, Dilip Davda, a leading reviewer, has given a “High Risk/ Low Return” rating to the IPO. 

What is the Ganga Bath Fittings IPO GMP? 

As of 4th June 2025, the Ganga Bath Fittings IPO GMP stands at ₹1 per share. This hints towards a premium listing with a tentative price of ₹50 per share and gains of 2.04%. 

Who is the registrar for Ganga Bath Fittings IPO?

Kfin Technologies Limited is appointed as the registrar for the Ganga Bath Fittings IPO. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Ganga Bath Fittings IPO, download the Ganga Bath Fittings IPO RHP and DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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