Ganga Bath Fittings Limited
Bookbuilding IPO · NSE
- Price band
- ₹46 - ₹49
- Lot size
- 3,000 shares
- Issue amount
- ₹32.65 cr
- Total subscription
- 1.61×
- Opens
- 4 Jun 2025
- Closes
- 6 Jun 2025
- Allotment
- 9 Jun 2025
- Listing
- 11 Jun 2025
Offer at a glance
Issue overview
- Issue size
- 66,63,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,38,000
- Fresh issue
- ₹32.65 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,47,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,55,44,848
- Shares after issue
- 2,22,07,848
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 3,000 | ₹1,47,000 |
| HNI | 2 | 6,000 | ₹2,94,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 2 |
| NIB | — | 147 |
| RETAIL | — | 2,660 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0.34 | 0.75 |
| RETAIL | 15.33 | 39.1 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-24 | May-24 | Mar-24 |
|---|---|---|---|
| EPS | 2.71 | 0.57 | 1.51 |
| ROE | 16.3 | 5.7 | 15.07 |
| ROCE | 0 | 0 | 0 |
| RONW | 26.57 | 40.77 | 15.07 |
| PRE IPO(PE) | 0 | 0 | 30.74 |
| POST IPO(PE) | 18.03 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Ganga Bath Fittings Limited, established in 2018, is engaged in the manufacturing and supply of a wide range of bathroom accessories such as CP taps, showers, sanitary ware, ABS fittings, door handles, vanities, sinks, and more. The company’s production facilities are equipped with modern technology to meet high-quality standards and cater to customized customer requirements. Ganga Bath Fittings focuses on timely delivery and personalized services, serving a broad customer base across India. Its product range is marketed under the brand name "GANGA" and includes chrome-plated bath fittings known for their durability and sleek design, sanitary ware for both homes and commercial spaces, PTMT taps recognized for their strength and durability, stainless steel showers with a modern look, and ABS accessories that are lightweight yet sturdy. The company operates from a state-of-the-art facility located in Shapar-Veraval, Gujarat, where skilled manpower and advanced machinery ensure quality production. By December 2024, the company had developed 250 SKUs in its GI Unit, 32 in its GBS Unit, and 150 in its GPI segment. It has built a strong distribution network with over 2,500 long-standing distributors. Ganga Bath Fittings is ISO 9001:2015 certified for quality management in the design, manufacturing, and supply of various bathroom fittings and accessories. The company employs 155 people and is led by two Executive Directors.
Strengths
- Experienced Promoters & Management: Skilled leadership team with deep industry knowledge fostering growth and innovation.
- Diverse Product Portfolio: Broad selection of high-quality bathroom fittings tailored to different customer preferences.
- Established Distribution Network: Robust network of 2,500+ distributors, clients, and suppliers nationwide.
Risk factors
- Leased Manufacturing Premises: Reliance on rented facilities introduces potential risks to operational continuity.
- High Trade Receivables: Large share of assets in receivables could strain liquidity and overall financial stability.
- Regulatory Compliance Risk: Inability to secure or renew essential licenses and approvals may hinder business operations.
Promoters
Mr. Tusharkumar Vithaldas Tilva
Mr. Jimmy Tusharkumar Tilva
Mr. Sajan Tusharbhai Tilva
Registrar & documents
Lead manager
Jawa Capital Services Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Survey No. 121, Nr. Vraj Industrial Estate SIDC Road, B/H Shantidham Residency Veraval (Shapar), Kotda Sangani,
+91-9033863882
[email protected]Company website ↗Understanding GANGABATH IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.