The IPO season continues to heat up as the Ganga Bath Fittings IPO GMP steps into the spotlight. This home-grown manufacturer of bathroom and sanitaryware products is all set to launch its initial public offering (IPO) on June 4, 2025, with a price band fixed between ₹46 to ₹49 per share.
The IPO will remain open for bidding from June 4 (Wednesday) to June 6 (Friday). Investors can apply with a minimum lot size of 3,000 shares, and in multiples thereof. The company plans to raise ₹32.65 crore through a fresh issue of 66,63,000 equity shares. Notably, there is no Offer for Sale (OFS) component, meaning all proceeds will go directly to the company for growth and operations.
Ganga Bath Fittings IPO – Key Dates & Price Band
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IPO Opens: June 4, 2025 (Wednesday)
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IPO Closes: June 6, 2025 (Friday)
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Price Band: ₹46 to ₹49 per equity share
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Lot Size: 3,000 shares (and multiples thereof)
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Issue Type: Fresh Issue only (no OFS)
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Total Issue Size: ₹32.65 crore
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Face Value: ₹10 per share
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Lead Manager: Jawa Capital Services Pvt. Ltd.
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Registrar: KFIN Technologies Ltd.
About Ganga Bath Fittings
Incorporated in 2018, Ganga Bath Fittings manufactures a wide range of bathroom solutions, including:
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CP fittings and taps
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Showers and sanitaryware
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ABS accessories and vanities
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Kitchen sinks and door handles
The company caters to both domestic and institutional clients, with a focus on customisation, quality, and on-time delivery. Its manufacturing plant, located in Shapar-Veraval, Gujarat, is equipped with modern machinery and a skilled workforce to meet diverse production needs.
As of December 2024, the company’s product portfolio includes:
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250 SKUs in the GI Unit
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32 SKUs in the GBS Unit
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150 SKUs in the GPI segment
Ganga Bath Fittings has built a robust network of over 2,500 distributors across India, many of whom have long-standing partnerships with the brand.
Financial Highlights
As per the company’s Red Herring Prospectus (RHP), here’s a snapshot of its financials for the period ending December 2024:
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Revenue: ₹3,229.36 lakh
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EBITDA: ₹728.66 lakh
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Profit After Tax (PAT): ₹452.74 lakh
In terms of listed competitors:
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Cera Sanitaryware is trading at a P/E of 36.88
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Hindware Home Innovation currently holds a negative P/E of -75.64
This positions Ganga Bath Fittings as a mid-sized player with solid margins and growth potential in the organised sanitaryware market.
Purpose of the IPO
The net proceeds from the IPO will be utilised for:
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Purchasing new equipment and machinery to boost production
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Repayment of certain outstanding borrowings
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Meeting working capital requirements
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Supporting general corporate expenses
This fund deployment strategy is aimed at scaling up operations, reducing debt, and increasing overall financial efficiency.
Issue Management Details
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Book-Running Lead Manager: Jawa Capital Services Pvt. Ltd.
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Registrar to the Issue: KFIN Technologies Ltd.
Ganga Bath Fittings IPO GMP Today
As of the latest update, the Ganga Bath Fittings IPO GMP is ₹0. This means the shares are trading at par with the issue price of ₹49 in the grey market. There is no premium or discount, indicating a neutral sentiment at the moment.
Whether you’re searching for:
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Ganga Bath Fittings IPO GMP today
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Ganga Bath Fittings GMP IPO live updates
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Or tracking Ganga Bath Fittings upcoming IPO GMP
The current grey market signals suggest a cautious stance. Investors are advised to monitor any developments closer to listing day.
Conclusion: Is Ganga Bath Fittings IPO Worth Watching?
With a consistent growth track record, a wide distributor base, and strategic plans for expansion, Ganga Bath Fittings has positioned itself as a serious contender in the sanitaryware sector. The absence of a grey market premium might reflect current market sentiment, but the fundamentals remain solid.
Keep an eye on Ganga Bath Fittings live IPO GMP, financials, and listing trends if you're considering an application.
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