Ganga Bath Fittings share price: Stock lists at 20% premium on NSE SME, here's how much investors made per lot

The stock listed at ₹59 apiece, a premium of 20.41% or ₹10 over the issue price of ₹49 per share.

Ganga Bath Fittings share price: Here's how much investors made per lot

The ₹32.65 crore initial public offering was only a fresh issuance of 66.63 lakh equity shares. The entire issue proceeds will go to the company, as there was no offer for sale (OFS) component. The price band was ₹46 to ₹49 per unit.

The objects of the offer include repayment of borrowings, general corporate purposes, capital expenditure towards purchase of machinery, and working capital requirements.

The public offer was subscribed to a total of 1.64 times, retail investors booking their portion 2.55 times. The non-institutional investors' quota was booked 73% the part set aside for them.

The part for qualified institutional buyers was subscribed 2.22 times.

Jimmy Tusharkumar Tilva, Managing Director (MD), Ganga Bath Fittings, said that the issue will allow the firm to invest in modern machinery, enhance manufacturing scale and strengthen financials.

"We see this as a stepping stone to greater innovation and deeper market penetration," he added.

Ganga Bath Fittings is involved in the production of bathroom vanities, CP taps, showers, sinks, and sanitary ware.

The company had posted revenue from operations of ₹32.01 crore and profit after tax (PAT) of ₹2.48 crore in the financial year 2023-24.

For the period ended December 2024, the revenue and profit were ₹32.31 crore and ₹4.53 crore, respectively.