Ganga Bath Fittings, a leading bathroom fittings manufacturer based in Gujarat, India, will finalize its IPO allotment on June 9. Investors can check allotment status through Kfin Technologies’ portal, as the IPO saw 1.64 times subscription. Refunds and share credits are scheduled for June 10. The company’s NSE SME listing is set for June 11.

Ganga Bath Fittings, a Gujarat-based manufacturer of premium bathroom fixtures, is finalizing its Initial Public Offering (IPO) allotment today, June 9, 2025. The company, which specializes in faucets, showers, and accessories for modern and commercial bathrooms, closed its IPO subscription on June 6 after being oversubscribed 1.64 times.

The IPO received a moderate response from retail and institutional investors, indicating interest in the SME-listed company despite a neutral grey market premium. As of June 9, the shares are trading at par with the issue price of ₹49, showing no premium or discount in the grey market.

Investors who participated in the IPO can check the status of their allotment through the official IPO registrar, Kfin Technologies Ltd, by following these four steps:

1. Visit the Kfin IPO Allotment Portal.
   
2. Select Ganga Bath Fittings IPO from the dropdown menu.
   
3. Choose a search method: PAN, Application Number, or Demat Account.
   
4. Enter the required details and captcha, then click Submit.
   

Successful applicants will have shares credited to their demat accounts on June 10, 2025, while non-allottees will receive refunds on the same day. The shares will be listed on the NSE SME platform on June 11, 2025.

Ganga Bath Fittings’ IPO performance is being closely watched due to the subdued response in the grey market. The company’s issue price remains unchanged from its launch rate, which may reflect broader market sentiment or investor caution.

As the company moves towards listing, its next challenge lies in translating investor trust into long-term shareholder value.

Read the full article here: Ganga Bath Fittings IPO Allotment Day: A Big Step Towards NSE Debut — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

India-based Ganga Bath Fittings, headquartered in Gujarat, saw its ₹32.65 crore IPO fully subscribed on June 5, the second day of bidding. The issue closes on June 6. The company, known for its bathroom accessories and sanitaryware products under brands like Ganga, Glimpse, Stepian, and Tora, aims to use the IPO proceeds for machinery purchase, debt repayment, and working capital.

Ganga Bath Fittings Ltd, a Gujarat-based bathroom accessories and sanitaryware manufacturer, has achieved full subscription for its ₹32.65 crore Initial Public Offering (IPO) on the second day of bidding, June 5. The public issue is scheduled to close on June 6.

The IPO consists of a fresh issue of 66.63 lakh equity shares in a price band of ₹46–₹49 per share. The company plans to deploy the raised funds for the purchase of equipment and machinery, repayment of existing borrowings, and working capital needs.

As per exchange data, retail investors accounted for 45.51 lakh shares, while the remaining bids were placed by non-retail investors. A total of 66.57 lakh shares were subscribed through 1,606 applications.

Founded in Gujarat, Ganga Bath Fittings competes with established listed companies like Hindware Home Innovation Ltd and Cera Sanitaryware Ltd. The firm is known for offering bathroom accessories under its in-house brands: Ganga, Glimpse, Stepian, and Tora. It also supplies products to OEMs (Original Equipment Manufacturers) and engages in sanitary product trading.

The company is eyeing a valuation of ₹110 crore, with significant contributions coming from its three revenue channels: in-house brand sales, OEM contracts, and trading. The IPO is being managed by Jawa Capital Services, which is serving as the book running lead manager.

Read the full article here: Ganga Bath Fittings Builds Investor Confidence With Full IPO Subscription — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

India-based Ganga Bath Fittings, a leading manufacturer of bathroom accessories headquartered in Gujarat, has opened its ₹33 crore IPO for subscription on June 5, 2025. The company aims to utilize the funds for capital expenditure, debt repayment, working capital, and corporate needs. The IPO is fully a fresh issue and will be listed on NSE Emerge.

Ganga Bath Fittings, a prominent Gujarat-based manufacturer of bathroom accessories, launched its Initial Public Offering (IPO) worth ₹33 crore on June 5, 2025. The IPO comprises a fresh issue of 66.63 lakh equity shares and will be listed on NSE Emerge, the SME platform of the National Stock Exchange.

Founded with a vision to provide innovative and durable bathroom solutions, Ganga Bath Fittings aims to utilize the proceeds from the IPO to fund capital expenditure, repay existing debt, meet working capital requirements, and support general corporate purposes.

Investors can subscribe to a minimum of 3,000 equity shares and in multiples thereafter. Jawa Capital Services is serving as the sole book-running lead manager, while KFin Technologies has been appointed as the registrar to the issue.

In the financial year 2023–24, the company reported a revenue of ₹31.89 crore and a profit after tax (PAT) of ₹2.48 crore. As of December 2024, revenue stood at ₹32.29 crore with a PAT of ₹4.53 crore, reflecting consistent growth and profitability.

The IPO marks a strategic milestone for Ganga Bath Fittings as it seeks to enhance its market presence and manufacturing capabilities across India.

Read the full article here: Ganga Bath Fittings IPO Opens: Financials, Valuation, and Use of Funds — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).