Live Rate
| Open | |
|---|---|
| High | |
| Low | |
| Prev. Close | |
| Lower circuit | |
| Upper circuit | |
| 52w High | |
| 52w Low | |
| P/E Ratio |
Listing Price
| Exchange | Listing Price | Gain/Loss | % |
|---|---|---|---|
| NSE | ₹59.00 | +₹10.00 | +20.41% |
Subscription
Last updated on 06-Jun-2025 18:35:01
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 69000 | 153000 | 2.22 |
| NIB | 3129000 | 2271000 | 0.73 |
| RETAIL | 3129000 | 7980000 | 2.55 |
| Total | 6327000 | 10404000 | 1.64 |
| Application Wise Breakup | |
|---|---|
| Category | App. Received |
| QIB | 2 |
| NIB | 147 |
| RETAIL | 2660 |
| Total | 2809 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 0.34 | 0.75 | 2.22 |
| FII | - | 0.41 | - |
| FI | - | 0 | - |
| IC | - | 0.34 | - |
| MF | - | 0 | - |
| OTH | - | 0 | - |
| NIB | 15.33 | 11.13 | 0.73 |
| RETAIL | 15.33 | 39.1 | 2.55 |
| Total | 31 | 50.98 | 1.64 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.1 | @8% ₹0.2 | @9% ₹0.2 | @10% ₹0.2 | @11% ₹0.2 | @12% ₹0.3 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0 | @8% ₹0.1 | @9% ₹0.1 | @10% ₹0.1 | @11% ₹0.1 | @12% ₹0.1 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail (10000 to 2 lakh) | 1 | 3000 | 147000 | 1043 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 46.96% | 3129000 |
| NII (HNI) | 46.96% | 3129000 |
| QIB | 1.04% | 69000 |
| Market Maker | 5.04% | 336000 |
| Total | 100.00% | 6663000 |
Ganga Bath Fittings IPO Details
| Issue Size | 66,63,000 shares (aggregating up to ₹[32.65] Cr) |
| Fresh Issue | 66,63,000 shares (aggregating up to ₹[32.65] Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,55,44,848 shares |
| Share Holding Post Issue | 2,22,08,848 shares |
| Market Maker | 3,36,000 shares |
Key Performance Indicator (KPI)
| KPI | Dec-24 | May-24 | Mar-24 |
|---|---|---|---|
| ROE | 16.30% | 5.70% | 15.07% |
| RONW | 26.57% | 40.77% | 15.07% |
| EPS (basic) | 2.71 | 0.57 | 1.51 |
| P/E Pre IPO | 30.74 | ||
| P/E Post IPO | 18.03 |
Company Financials In Crores
| Period Ended | Dec-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 43.67 | 33.74 | 32.03 | 29.87 |
| Revenue | 32.31 | 32.01 | 30.68 | 22.34 |
| Profit After Tax | 4.53 | 2.48 | 0.31 | 0.21 |
| Net Worth | 22.12 | 11.05 | 9.51 | 7.36 |
| Reserves and Surplus | 15.54 | 11.05 | 9.51 | 7.36 |
| Total Borrowing | 10.73 | 13.7 | 12.29 | 13.43 |
About Company
Incorporated: 2018
Headquarters: Shapar-Veraval, Gujarat, India
Certification: ISO 9001:2015 – Quality Management Systems
Employees (as of December 2024): 155
Executive Directors: 2
Overview:
Ganga Bath Fittings Limited is engaged in the manufacturing and supply of a wide range of bathroom accessories and sanitary products. Since its incorporation in 2018, the company has built a strong presence in the Indian market with its technologically advanced manufacturing facilities and a comprehensive product portfolio offered under the brand name "GANGA."
Product Portfolio:
CP Bath Fittings: Durable, chrome-plated faucets and fixtures with a focus on aesthetics and functionality.
Sanitary Ware: A broad array of sanitary products for residential and commercial applications.
PTMT Taps: Robust and wear-resistant taps made from Polytetra Methylene Terephthalate.
Stainless Steel Showers: Long-lasting and stylish shower systems.
ABS Accessories: Lightweight yet durable bathroom accessories made from Acrylonitrile Butadiene Styrene.
Other Products: Includes vanities, sinks, door handles, and other related accessories.
Manufacturing Capabilities:
The company operates a state-of-the-art manufacturing facility in Shapar-Veraval, Gujarat. It is equipped with advanced technology and a skilled workforce, enabling the production of high-quality, customized components as per customer specifications. Ganga Bath Fittings places a strong emphasis on meeting stringent quality standards and ensuring timely delivery.
SKU Portfolio (as of December 2024):
GI Unit: 250 SKUs
GBS Unit: 32 SKUs
GPI Segment: 150 SKUs
Distribution Network:
The company has developed a robust pan-India distribution network comprising over 2,500 long-term distributors, enabling it to maintain strong market reach and customer service.
Strength
Experienced Promoters & Management: Strong leadership with industry expertise driving growth and innovation.
Diverse Product Portfolio: Wide range of quality bathroom fittings catering to varied customer needs.
Established Distribution Network: Long-standing relationships with 2,500+ distributors, clients, and suppliers across India.
Weakness
Leased Manufacturing Premises: Dependence on rented facilities may pose continuity and operational risks.
High Trade Receivables: Significant portion of assets tied in receivables may impact liquidity and financial health.
Regulatory Compliance Risk: Failure to obtain or renew necessary approvals and licenses may disrupt business operations.
LOOKOS LIKE ITS GOOD TO AVOID THIS IPO
Latest Announcements
| Date | Subject | Attachment Text |
|---|
Financial Results
Lead Manager(s)
Address
Survey No. 121, Nr. Vraj Industrial Estate
SIDC Road, B/H Shantidham Residency
Veraval (Shapar), Kotda Sangani,
Phone: +91-9033863882
Email: info@mandeepautoindustries.com
Website: https://gangabathfittings.com/