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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹32.65 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹32.65 Cr |
| Fresh Issue | ₹31.00 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹46.00-49.00 per share |
| Discount | Retail: 0.00,Employee: 0.00,ShareHolder: 0.00 |
| NSE Code | GANGABATH |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 3,000 shares and in multiples thereof
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:
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:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure towards purchase of equipment/machine ries, etc. | 18.95 |
| 2 | Repayment/prepay ment of certain borrowings availed by the Company | 5.33 |
| 3 | Funding working capital requirements of the Company | 2.70 |
| 4 | General Corporate Purposes | 4.67 |
| 5 | Issue Expenses | 1.00 |
| Total | 32.65 |
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 43.67 | 33.74 | 32.03 | 29.87 |
| Total Income | 32.31 | 32.01 | 30.68 | 22.34 |
| Profit After Tax | 4.53 | 2.48 | 0.31 | 0.21 |
| NET Worth | 22.12 | 11.05 | 9.51 | 7.36 |
| Reserves and Surplus | 15.54 | 11.05 | 9.51 | 7.36 |
| Total Borrowing | 10.73 | 13.70 | 12.29 | 13.43 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 15.07% |
| ROCE | 29.80% |
| Debt / Equity | 0.87% |
| RoNW | 15.07% |
| PAT Margin | 9.96% |
| EBITDA Margin | 12.04% |
| Price to Book Value | 2.95 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 1.59 | 2.72 |
| P/E (x) | 30.74 | 18.03 |
| Promoter Holding | 98.81% | 69.16% |
| Market Cap | ₹108.82 Cr. | |
