Ganga Bath Fittings IPO opens for subscription: Price band, lot size, objectives, key dates and more

Ganga Bath Fittings IPO: The initial public offering of Ganga Bath Fittings hit the primary market on Wednesday, June 4. The issue, with a price band of ₹46 to ₹49 per share, will conclude on Friday, June 6.

The NSE SME initial share sale is a fresh issuance of 66.63 lakh equity shares valued at ₹32.65 crore. There is no offer-for-sale component.

The money raised will be utilised for capital expenditure towards buying machinery, debt clearance, general corporate purposes and working capital requirements.

Ganga Bath Fittings IPO: Lot size

A retail investor can apply for a minimum of 3,000 equity shares, which will cost ₹1,38,000. For high-net-worth individuals, the application size is 6,000 shares for ₹2,94,000.

Half of the net issues have been reserved for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors.

Ganga Bath Fittings IPO: Key dates

After the subscription ends, the basis of allotment of Ganga Bath Fittings will be finalised on June 9. Refunds for non-allotees will be processed on June 10. Shares will be credited to the account of successful investors on the same day.

The listing on the NSE SME platform Emerge will take place on June 11.

About Ganga Bath Fittings

Ganga Bath Fittings manufactures and supplies bathroom accessories, including bath fittings, showers, ABS health faucets, ABS showers, ABS taps, ABS accessories, door handles, PTMT taps, SS showers, and sinks. Its products are sold under the brand name 'Ganga'.

The company reported a 4.3% increase in revenue from operations to ₹32.01 crore in the financial year 2024-25 as against ₹30.68 crore in the previous fiscal year.

The profit after tax was ₹2.48 crore in FY24, compared to ₹0.31 crore in FY23.

The company's promoters Tusharkumar Vithaldas Tilva, Sajan Tusharbhai Tilva, and Jimmy Tusharkumar Tilva hold a 98.81% stake, which will be reduced to 69.16% post-issue.