Ganga Bath Fittings SME IPO: Ganga Bath Fittings, a sanitary hardware and bathroom solutions firm, set to launch its SME initial public offering (IPO) this month to raise capital through a book-building issue comprising entirely of a fresh issue of 66.63 lakh equity shares.
The Rs 32.65 crore IPO will open for subscription on Wednesday, June 4, and conclude on Friday, June 6.
Ganga Bath Fittings SME IPO | Price band, other details
The company has fixed the price band at Rs 46 to Rs 49 per share.
The minimum bid lot is 3,000 shares, translating to a minimum investment of Rs 1,38,000 for retail investors.
For high net-worth individuals (HNIs), the minimum investment threshold is two lots (6,000 shares), amounting to Rs 2,94,000.
Financial performance
The company has shown consistent growth in its financial performance over the past few years.
It’s net profit increased to Rs 4.53 crore as of December 2024, up from Rs 2.48 crore at the end of FY23–24. In the previous two years, it was Rs 0.31 crore and Rs 0.21 crore.
In terms revenue the company has reported Rs 30.68 crore and Rs 22.34 crore for FY22–23 and FY21–22, respectively.
The company’s net worth rose to Rs 22.12 crore by December 2024, up from Rs 11.05 crore in March 2024 and Rs 9.51 crore in March 2023.
Total borrowings declined to Rs 10.73 crore as of December 2024 from Rs 13.70 crore in March 2024.
As of December 31, 2024, the company’s total assets stood at Rs 43.67 crore, compared to Rs 33.74 crore as of March 31, 2024, and Rs 32.03 crore in the previous financial year.
The company generated revenue of Rs 32.31 crore during the nine months ending December 2024 which is higher than Rs 32.01 crore recorded in the full year ended March 2024.
Ganga Bath Fittings SME IPO | Allotment, listing, other important dates
After closing the IPO on Friday, the allotment is expected to be finalised on Monday, June 9. After this, the company’s shares are scheduled to be listed on the NSE SME platform on Wednesday, June 11.
Ganga Bath Fittings SME IPO | BRLM, registrar
The IPO is being managed by Jawa Capital Services, acting as the book-running lead manager.
The registrar to the issue is Kfin Technologies Limited.
What does Ganga Bath Fittings do?
Ganga Bath Fittings is in the sanitary ware industry with a portfolio of bath accessories, fittings, and hardware products.
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
