IPO Details
Bidding Dates
04 Jun 25 - 06 Jun 25
Lot Size
3000
Price Range ₹
46 - 49
Exchange Status
NSE
Total Equity
₹ 32.65Cr
IPO Doc
IPO Timeline
Offer start
04 Jun 2025
Offer end
06 Jun 2025
Allotment
09 Jun 2025
Refund initiation
10 Jun 2025
Demat transfer
10 Jun 2025
Listing
11 Jun 2025
Offer start
04 Jun 2025
Offer end
06 Jun 2025
Allotment
09 Jun 2025
Refund initiation
10 Jun 2025
Demat transfer
10 Jun 2025
Listing
11 Jun 2025
About Company
Ganga Bath Fittings Limited, incorporated in 2018, is a Gujarat-based manufacturer of a wide range of bathroom accessories under the brand name "GANGA." Its product portfolio includes CP taps, sanitary ware, PTMT taps, stainless steel showers, ABS fittings, vanities, and sinks. The company operates a state-of-the-art manufacturing facility in Shapar-Veraval and offers over 400 SKUs, catering to both residential and commercial needs across India. With ISO 9001:2015 certification and a strong R&D team, Ganga ensures high-quality, customized products with timely delivery. Backed by a network of over 2,500 long-standing distributors, the company has shown strong financial performance, reporting a revenue of ₹32.31 crore and PAT of ₹4.53 crore for the period ending December 2024. It maintains a healthy ROE of 15.07% and ROCE of 29.80%, with a market capitalization of ₹108.82 crore. The company’s strengths lie in its experienced leadership, diverse product range, quality focus, and well-established market relationships.
Year Founded
22-05-2024
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 98.81 | 0 |
| Share Capital | 15359148 | 0 |
Offer to Public
66,64,000.00 Cr
Project Details
- Capital Expenditure towards purchase of equipment/machinemachineries, etc. - 201.332cr
- Repayment/prepayment of certain borrowings availed by our Company - 53.266cr
Objectives
- a. Capital Expenditure towards purchase of equipment/machineries, etc.b. Repayment/prepayment of certain borrowings availed by our Company
- c. Funding working capital requirements
- andd. General Corporate Purpose
Highlights
- Wide and diversified product portfolio catering to various customer segments.
- Strong distribution network with over 2,500 long-standing distributors across India.
- Consistent growth in revenue and profitability over the years.
- High return ratios like ROE (15.07%) and ROCE (29.80%), indicating efficient capital use.
- ISO 9001:2015 certification and a quality-focused R&D team enhance product reliability and customer trust.
Challenges
- Relatively small scale of operations compared to larger industry players.
- Dependence on a limited number of manufacturing facilities increases operational risk.
- Moderate debt levels with a debt/equity ratio of 0.87, which may impact future expansion flexibility.
- Product-based business could face competition from low-cost or established branded players.
- Highly competitive and unorganized market segment may pressure margins and pricing.
