About Ganga Bath Fittings Limited (GANGA)
Founded in 2018, Ganga Bath Fittings Limited makes and supplies a wide range of bathroom accessories such as CP taps, showers, sanitary ware, ABS fittings, door handles, vanities, and sinks.
- Their factory is based in Shapar-Veraval, Gujarat and uses advanced technology to ensure high-quality products.
- They create customized products based on customer needs and offer personalized services across India.
- The company has over 2,500 distributors nationwide.
Product Range:
- CP Bath Fittings: Chrome-plated, durable, and stylish faucets and fixtures.
- Sanitary Ware: Products for homes and businesses.
- PTMT Taps: Made from strong, wear-resistant plastic.
- Stainless Steel Showers: Long-lasting and modern designs.
- ABS Accessories: Lightweight and sturdy plastic bathroom fittings.
Additional Highlights:
- ISO 9001:2015 certified for quality management.
- As of Dec 2024:
- 250 SKUs in GI Unit, 32 in GBS Unit, and 150 in GPI Unit.
- 2 Executive Directors and 155 employees.
Ganga Bath Fittings IPO – Details
| IPO Opening Date | 04 June 2025 |
| IPO Closing Date | 06 June 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 66,63,000 Shares Worth ₹32.65 Crore Fresh Issue: 66,63,000 Shares Worth ₹32.65 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹46 – ₹49 per share |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | NSE SME |
| Registrar | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Ganga Bath Fittings IPO – Date Schedule
| IPO Open Date | 04 June 2025 |
| IPO Close Date | 06 June 2025 |
| Basis of Allotment | 09 June 2025 |
| Initiation of Refund | 10 June 2025 |
| Credit of Shares to Demat | 10 June 2025 |
| IPO Listing Date | 11 June 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 06, 2025 |
Ganga Bath Fittings IPO – Lot Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,47,000 |
| Retail (Max) | 1 | 3000 | ₹1,47,000 |
| HNI (Min) | 2 | 6000 | ₹2,94,000 |
Competitive Strengths
- 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.
Company Promoters
- Mr. Tusharkumar Vithaldas Tilva
- Mr. Jimmy Tusharkumar Tilva
- Mr. Sajan Tusharbhai Tilva.
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2022 | 22.34 | 22.13 | 0.21 | 13.43 |
| 31 March 2023 | 30.68 | 30.37 | 0.31 | 12.29 |
| 31 March 2024 | 32.01 | 29.53 | 2.48 | 13.70 |
| 31 December 2024 | 32.31 | 27.78 | 4.53 | 10.73 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 15.07% |
| ROCE | 29.80% |
| Debt/Equity | 0.87 |
| RoNW | 15.07% |
| PAT Margin | 9.96 |
| Price to Book Value | 2.95 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 1.59 | 2.72 |
| P/E (x) | 30.74 | 18.03 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in ₹ Crore) |
| Repayment/prepayment of certain borrowings availed by the Company | |
| Repayment/prepay ment of certain borrowings availed by the Company | |
| Funding working capital requirements | |
| General Corporate Purpose |
Ganga Bath Fittings IPO Promoter Holding
| Pre Issue Share Holding | 98.81% |
| Post Issue Share Holding | 69.16% |
Ganga Bath Fittings IPO Prospectus
Company Contact Information
| Ganga Bath Fittings Limited Survey No. 121, Nr. Vraj Industrial Estate SIDC Road, B/H Shantidham Residency Veraval (Shapar), Gujarat Phone: +91-9033863882 Email: info@mandeepautoindustries.com Website: https://gangabathfittings.com/ |
Ganga Bath Fittings IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: gbfl.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Ganga Bath Fittings IPO Lead Manager(s)
| 1. Jawa Capital Services Private Limited |
Ganga Bath Fittings IPO FAQs
| What is Ganga Bath Fittings IPO? Ganga Bath Fittings IPO is a SME IPO. The issue is priced at ₹46 to ₹49 per equity share. The IPO is to be listed on NSE SME. |
| When Ganga Bath Fittings IPO will open? The IPO is to open on 04 June 2025 for QIB, NII, and Retail Investors. |
| What is Ganga Bath Fittings IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Ganga Bath Fittings IPO? You can apply Ganga Bath Fittings IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Ganga Bath Fittings IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Ganga Bath Fittings IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Ganga Bath Fittings IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Ganga Bath Fittings IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Ganga Bath Fittings IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Ganga Bath Fittings IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Ganga Bath Fittings IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Ganga Bath Fittings IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Ganga Bath Fittings IPO Size? Ganga Bath Fittings IPO size is ₹32.65 Crore. |
| What is the Ganga Bath Fittings IPO Price Band? Ganga Bath Fittings IPO Price Band is ₹46 to ₹49. |
| What is Ganga Bath Fittings IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 3000 Shares with ₹1,47,000 amount while the maximum bid is 3000 Shares with ₹1,47,000. |
| What is the Ganga Bath Fittings IPO Allotment Date? The Ganga Bath Fittings IPO allotment date is June 09, 2025. |
| What is the Ganga Bath Fittings IPO Listing Date? Ganga Bath Fittings IPO listing date is June 11, 2025. The IPO is to be listed on NSE SME. |
