Ganga Bath Fittings Share Price Surges 20% on NSE SME Debut

Market Performance

Ganga Bath Fittings shares made a strong debut on the NSE SME platform, listing at ₹59 per share—a 20.4% premium over its issue price of ₹49. The IPO, valued at ₹32.65 Crore, saw moderate investor interest with an overall subscription of 1.64 times.

• Retail Investors: Subscribed 2.55 times
• Non-Institutional Investors (NIIs): Subscribed 0.73 times
• Qualified Institutional Buyers (QIBs): Subscribed 2.22 times

IPO Details

The Ganga Bath Fittings IPO was open for subscription from June 4 to June 6, offering 66.63 lakh fresh shares with no Offer for Sale (OFS) component.

Key IPO Highlights:

• Issue Price: ₹49 per share
• Minimum Investment: ₹1.38 lakh (3,000 shares)
• Fund Utilization:
  • Capital expenditure (machinery purchase)
  • Debt repayment
  • Working capital requirements
  • General corporate purposes

Lead Manager: Jawa Capital Services

Registrar: Kfin Technologies

Company Overview

Ganga Bath Fittings Limited, established in 2018, specializes in manufacturing high-quality bathroom fittings under the brand "Ganga."

Product Portfolio Includes:

• CP taps & showers
• Sanitary ware
• ABS health faucets & accessories
• Door handles, sinks, and vanities

The company operates advanced manufacturing facilities with a strong focus on quality control and customized solutions, helping it build a pan-India customer base.

Financial Performance (FY24)

Summary

Ganga Bath Fittings' successful market debut reflects investor confidence, with shares listing at a 20.4% premium to the initial public offering price. The company's strong financial growth and diverse product range .