Ganga Bath Fittings is set to launch its SME IPO on June 4

Ganga bath fittings sme ipo: ganga bath fittings, a sanitary hardware and bathroom solutions firm, set to launch its sme initial public offering (ipo) this month to raise capital through a book-building issue comprising entirely of a fresh issue of 66.63 lakh equity shares.

The Rs 32.65 crore IPO will be available for subscription on Wednesday, June 4, and will conclude on Friday, June 6.

Ganga bath fittings are available at various price points, with additional details such as the price band and other specifications. The company has set the price range at rs 46 to rs 49 per share.

The lowest bid lot size is 3,000 shares, which amounts to a minimum investment of Rs 1,38,000 for retail investors.

High net-worth individuals (hnis) are required to invest a minimum of two lots (6,000 shares), which amounts to Rs 2,94,000.

Ganga bath financial performance.

The company has demonstrated steady progress in its financial performance over the past few years.

As of December 2024, the company’s net profit had risen to Rs 4.53 crore, a significant increase from the previous year’s figure of Rs 2.48 crore. In the previous two years, it was Rs 0.31 crore and Rs 0.21 crore.

In terms of revenue, the company has reported Rs 30.68 crore and Rs 22.34 crore for the fiscal years 2022 and 2021, respectively.

By December 2024, the company’s net worth had increased to Rs 22.12 crore, surpassing its previous figures of Rs 11.05 crore in March 2024 and Rs 9.51 crore in March 2023.

Total borrowings decreased to Rs 10.73 crore by December 2024 from Rs 13.70 crore in March 2024.

As of December 31, 2024, the company’s total assets amounted to Rs 43.67 crore, which was higher than the Rs 33.74 crore recorded on March 31, 2024, and Rs 32.03 crore in the previous financial year.

The company earned a revenue of Rs 32.31 crore during the nine months ending December 2024, surpassing the Rs 32.01 crore recorded in the full year ended March 2024.
Ganga bath fittings are available for allotment and listing dates.

After the ipo concluded on Friday, the allotment is anticipated to be finalized on Monday, June 9th. Following this, the company’s shares are planned to be listed on the nse sme platform on Wednesday, June 11.

The IPO is being handled by Jawa Capital Services, who will serve as the lead manager for the initial public offering.

The registrar to the problem is kfin technologies limited.

What is the purpose of ganga bath fittings?

Ganga bath fittings is a prominent player in the sanitary ware industry, offering a wide range of bath accessories, fittings, and hardware products.

What is an sme ipo?

An initial public offering (IPO) is a method for small and medium-sized companies to raise funds by selling their shares to the public for the first time.

These IPOs are listed on a specialized platform, such as the nse sme or bse sme, which is tailored to accommodate smaller businesses.