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IPO Analysis > 76

Decoding Ganga Bath Fittings IPO review

With an estimated growth rate of 6.5% to 7.0%, the per-capita income stands at ₹2.12 Lakhs, according to the latest economic survey (2023-24). The economic trend has raised disposable income, which has raised living standards. Therefore, demand for articles promoting comfortable living, like bath fittings, might anticipate growth. Ganga Bath Fittings is an emerging player in this segment that is gearing up for an IPO.


The lead manager of this IPO is Jawa Capital Services Private Limited and the RTA (registrar) is Kfin Technologies Limited. 

For detailed information, please refer to the DRHP.

Note: The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion.

Ganga Bath Fittings Ltd. IPO: Company profile

Established in the 2010s, Ganga Bath Fittings Ltd. is an ISO-certified bath fitting provider. Before getting into the Ganga Bath Fittings IPO, this section delivers the key takeaways from its company profile.


Particulars

Description

Incorporated in

2018

Promoters

Mr. Sajan Tusharbhai Tilva, Mr. Jimmy Tusharkumar Tilva, and three others

Product offerings

ABS health faucets, ABS taps, ABS shower, wall shelves, designer mirror, etc.

Plant location

Sharpar-Veraval, Gujarat

Competitors

Jacquar, Kohler, etc.


Moreover, Ganga Bath Fittings Ltd. operates through three units. 


Particulars

GI

GBS

GPI

Acquired on

2024

2024

2020

Primary products

Bathroom Sinks, Sanitary wear, Bathroom Vanities, etc.

SS Channel Drainer, Shower Drains, SS Showers, etc.

ABS Health Faucets, PTMT Taps, ABS Taps, ABS Accessories, ABS Showers, etc.


All about the Ganga Bath Fittings IPO

The Ganga Bath Fittings Ltd. IPO is set to begin on 4 June 2025 on the NSE Emerge. The main points of the impending IPO are covered in depth in this section.

A detailed timeline of the significant dates associated with the IPO is presented in the table. It can help investors with their financial planning.


Offer opening date

4 June 2025 (Wednesday)

Offer closing date

6 June 2025 (Friday)

Expected listing

Within 6 working days

Listed at

NSE Emerge


Your demat account will be credited with the shares as soon as they are allocated. If you don't already have one, open a demat account right now by clicking here to go through a well chosen selection of brokers.

This section discusses the Ganga Bath Fittings Ltd. IPO's issue size.


Particulars

Number of equity shares

Aggregate Value (₹)

Fresh issue

66,63,000

35.65 Crore

Offer for sale

Nil

-

Overall issue

66,63,000

35.65 Crore

The primary objective of issuing the Ganga Bath Fittings IPO is to finance certain requirements of the company.


Particulars

Anticipated funds from the issue
(₹ Lakhs)

Purchase of capital goods like machines

1895.32

Debt repayment

532.66

Working capital

88.39

Other corporate purposes

Some other key takeaways from the Ganga Bath Fittings IPO, such as the Ganga Bath Fittings IPO price is discussed below.


Particulars

Description

Face value of each share

₹ 10

Price Range

₹46 to ₹49

Lot size

Multiples of 3000

Lead managers of the IPO

Jawa Capital Services Private Limited

Registrar to the offer

Kfin Technologies Limited


The Ganga Bath Fittings IPO has categorised the anticipated number of equity shares available for different categories of investors.


Type of Investor

Allocation of equity shares

Qualified Institutional Buyers

Not more than 69,000

Non-institutional investors

Not less than 31,29,000

Retail individual investors

Not less than 31,29,000


Once the shares get allotted after acceptance of the application, they get credited to the demat account of the investor. Click here to compare top brokers and open your demat account with ease.

Key Financials

Investment decisions can be aided by the company's financial health as shown in its financial statements.


Particulars

22 May to 31 December 2024 (₹ lakhs)

Year ended 31 March 2024 (₹ lakhs)

Revenue from operations

2,245.82

1,357.87

Other Income

1.53

9.98

Profit after tax

360.65

59.44

EPS (in ₹)

2.71

1.51

Particular

For the period ended 31 December 2024
(₹ lakhs)

For the year ended 31 March 2024
(₹ lakhs)

Operating profit before working capital changes

567.87

163.45

Net cash flow from operating activities

-130.19

-98.92


Other than the fiscal metrics mentioned above, the ratios also act as key indications of the financial health of the company. Some of these ratios are discussed below.


Particulars

For the period ended 31 December 2024

For the period ended 31 March 2024

Current ratio

2.11

1.36

Debt-equity ratio

0.49

0.87

ROE (%)

26.57%

15.07%

ROCE (%)

36.32%

29.80%

Net Profit (%)

16.06%

4.38%


Before choosing any investment medium, the investor can calculate the anticipated returns using digital calculators.




Particulars

PE ratio for floor price

PE ratio for cap price

PE (Basic + Diluted)

16.97

18.08

Industry PE is around 14.58


Ganga Bath Fittings Ltd. IPO

Ganga Bath Fittings IPO GMP today

Ganga Bath Fittings IPO GMP is currently negative. It is at (₹ 2).

Strengths and risks

The fiscal statements and company profile reveal the strengths and weaknesses of Ganga Bath Fittings Ltd. Understanding them in detail can aid due diligence before investing.


Strengths of 3B Films Limited



Risks of 3B Films Limited


Should you invest in Ganga Bath Fittings IPO?

The Ganga Bathroom Fittings IPO launched on Wednesday, i.e. 4 June 2025. The Ganga Bath Fittings share price indicates key insights on the IPO. The financial statements and company profile can give prospective investors a glimpse into the financial health of the company. Comparing these data with industry standards can help investors gauge the profitability of an IPO investment. Click here to check out its IPO now!