Ganga Bath Fittings Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 69,000 (1%) | — | ₹3 Cr |
| NII (HNI) | — | 3,129,000 (47%) | — | ₹1,533 Cr |
| Retail | — | 3,129,000 (47%) | — | ₹1,533 Cr |
| Market Maker | — | 336,000 (5%) | — | ₹16 Cr |
| Σ Total | — | 6,663,000 (100%) | — | ₹32,649 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹147,000 |
| Retail (Max) | 13 | 39,000 | ₹1,911,000 |
| S-HNI (Min) | 14 | 42,000 | ₹2,058,000 |
| B-HNI (Min) | 67 | 201,000 | ₹9,849,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 32 | 32 | 31 |
| Profit After Tax | 5 | 2 | 0 |
| Net Worth | 22 | 11 | 10 |
| Total Assets | 44 | 34 | 32 |
| Reserves & Surplus | 16 | 11 | 10 |
| Total Borrowing | 11 | 14 | 12 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Capital Expenditure towards purchase of equipment/machine ries, etc – 18.95
- Repayment/prepay ment of certain borrowings availed by the Company – 5.33
- Funding working capital requirements – 2.70
- General Corporate Purpose – 4.67
Company Overview
Incorporated in 2018, Ganga Bath Fittings Limited manufactures and supplies various bathroom accessories, including CP taps, showers, sanitary wear, ABS fittings, door handles, vanities, sinks, and more.
The company's manufacturing facilities are technologically aligned to develop and manufacture products that meet its customers' stringent quality control requirements.
The company manufactures customized components based on customer specifications, ensuring quality and timely delivery.
It also offers personalized services to its strong customer base across India.
The company offers an extensive product portfolio under the brand name "GANGA," including:
- CP Bath Fittings: Chrome-plated faucets and fixtures are designed for durability and aesthetic appeal.
- Sanitary Ware: A variety of sanitary products catering to both residential and commercial needs.
- PTMT Taps: Polytetra Methylene Terephthalate taps are known for their strength and resistance to wear.
- Stainless Steel Showers: High-quality stainless steel showers offering longevity and modern design.
- ABS Accessories: Acrylonitrile Butadiene Styrene-based bathroom accessories that are lightweight yet sturdy.
The company's state-of-the-art manufacturing facility is located in Shapar-Veraval, Gujarat. It employs advanced technology and skilled manpower to ensure product excellence.
As of December 2024, the company had 250 SKUs in its GI Unit, 32 SKUs in its GBS Unit, and 150 SKUs in its GPI segment.
The company maintains a network of over 2,500 distributors who have been affiliated with us for an extended period.
The company has ISO 9001:2015 certification for Quality Management Systems regarding the design, manufacture, and supply of brass bath fittings, sanitary wares, PTMT, taps, stainless steel showers, stainless steel gullies, ABS taps, and all kinds of accessories.
As of December 2024, the company has 2 Executive Directors and 155 employees on its payroll.
Competitive Strength:
- Experienced Promoters and Management Team
- Wide range of Products.
- Long-standing relationship with distributors, clients and suppliers.
- Strong & experienced R&D team.
- High Quality standards.