Ganga Bath Fittings came to market through an SME IPO that opened on 4 June 2025 and closed on 6 June 2025, and the shares listed on 11 June 2025 on NSE SME. The price band was ₹46 to ₹49 per share and one lot was 3000 shares, so the minimum application was ₹1,47,000. The issue size was ₹32.65 crore. The whole issue was fresh shares, so the money raised went to the company.
Kfin Technologies Limited was the registrar to the issue, and Jawa Capital Services Private Limited was the lead manager.
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Established in 2018, Ganga Bath Fittings Limited produces and supplies a range of bathroom accessories such as CP taps, showers, sanitary wear, ABS fittings, door handles, vanities, sinks, and so forth.The manufacturing units of the company are technologically geared to design and produce products acceptable to its customers' robust quality control standards.The company produces customized parts according to customer requirements with emphasis on quality and timely delivery.
It also provides customized services to its robust customer base in India.The organization provides a comprehensive line of products under the brand name GANGA, such as: CP Bath Fittings: Chrome-finished faucets and fittings are made for durability and beauty. Sanitary Ware: Sanitary products of varying types for residential and commercial use. PTMT Taps: Polytetra Methylene Terephthalate taps are appreciated for their toughness and durability against wear. Stainless Steel Showers: High-end stainless steel showers providing durability and contemporary design. ABS Accessories:
Acrylonitrile Butadiene Styrene-based bathroom accessories that are light in weight yet durable. The company's world-class manufacturing plant is situated in Shapar-Veraval, Gujarat. It utilizes high-end technology and skilled human resources to provide product excellence.In 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 organization has a chain of more than 2,500 distributors who have been associated with us for quite some time.
The organization is ISO 9001:2015 certified for Quality Management System in the design, manufacture, and supply of brass bath fittings, sanitary wares, PTMT, taps, stainless steel showers, stainless steel gullies, ABS taps, and accessories of all types. As of December 2024, the company employs 2 Executive Directors and 155 staff members on their payroll.
As described in the offer document.
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Mr. Tusharkumar Vithaldas Tilva, Mr. Jimmy Tusharkumar Tilva, Mr. Sajan Tusharbhai Tilva. Promoter holding 98.81% before the issue and 69.16% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Ganga Bath Fittings IPO was a ₹32.65 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹46–₹49 per share with a lot size of 3,000 shares (₹1,47,000). The IPO was open from June 4 to June 6, 2025. Shares listed on NSE SME on June 11, 2025 at ₹59, a 20.4% premium to the issue price of ₹49. Kfin Technologies Limited is the registrar. Jawa Capital Services Private Limited is the book running lead manager.
The price band of Ganga Bath Fittings IPO is ₹46 to ₹49 per share.
The lot size of Ganga Bath Fittings IPO is 3000 shares.
The minimum investment for Ganga Bath Fittings IPO is approximately ₹1,47,000 based on the upper price band.
The allotment date of Ganga Bath Fittings IPO is Jun 9, 2025.
You can check Ganga Bath Fittings IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Ganga Bath Fittings IPO allotment status on Rupix for quick and easy access.
₹46 to ₹49 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 3000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,47,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,47,000, for one lot of 3000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 4 June 2025 and closed on 6 June 2025.
The basis of allotment was published on 9 June 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 11 June 2025 on NSE SME.
The issue size was ₹32.65 crore. The fresh issue was 66,63,000 shares (aggregating up to ₹32.65 crore).