Latest news with #GangaBathFittings
Business Standard
11-06-2025
- Business
- Business Standard
NSE SME Ganga Bath Fittings opens hot, cools off quickly
Shares of Ganga Bath Fittings were trading at Rs 56.05 on the NSE, a premium of 14.39% compared with the issue price of Rs 49. The scrip was listed at Rs 59, a premium of 20.41% compared with the initial public offer (IPO) price. The stock was currently frozen at its lower limit of 5% over its listing price. The counter hit a high of Rs 59 and a low of Rs 56.05. About 15.36 lakh shares of the company changed hands at the counter. Ganga Bath Fittings' IPO was subscribed 1.61 times. The issue opened for bidding on 4 June 2025 and it closed on 6 June 2025. The price band of the IPO was set at Rs 46- 49 per share. The IPO comprised of a fresh issue of 66,63,000 equity shares. The promoter and promoter group shareholding diluted to 69.16% from 98.81% pre-issue. The company intends to utilize the net proceeds to meet capital expenditure towards purchase of equipments/machineries, repayment/prepayment of certain borrowings, working capital and general corporate purposes. Ganga Bath Fittings is a manufacturing company specializing in a wide range of bathroom accessories and fittings. The company is engaged in the production and supply of high-quality products including, but not limited to, CP taps and components, showers, sanitary ware, ABS showers, ABS health faucets, ABS taps and accessories, PTMT taps, door handles, bathroom vanities, sinks, stainless steel (SS) showers, shower drains, and SS channel drainers. With a diverse product portfolio, the company caters to both residential and commercial bathroom fitting needs, ensuring functionality, durability, and modern design. It sells its products under its brand name such as Ganga, Glimpse, Stepian, and Tora. The company has 123 employees. The company recorded revenue from operations of Rs 22.45 crore and net profit of Rs 3.60 crore for the period ended 31 December 2024.
Time of India
11-06-2025
- Business
- Time of India
Ganga Bath Fittings IPO listing on June 11: Here's what GMP Indicates
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Ganga Bath Fittings, a leading manufacturer and supplier of bathroom accessories, is set to debut on the NSE SME platform . The IPO aimed to raise Rs 32.65 crore through a fresh issue of 66.63 lakh shares at a fixed price of Rs 49 per of the listing, the grey market premium (GMP) for Ganga Bath Fittings IPO indicates a discounted debut. According to market sources, the GMP is currently negative, with the stock expected to open around Rs 47 per share, a Rs 2 below the IPO price.A negative GMP suggests that the demand for the stock in the informal market has been lukewarm, raising caution among investors. However, it will be interesting to see if the stock might recover in the long term once it starts trading officially on the Bath Fittings, incorporated in 2018, manufactures a wide range of products, including CP taps, showers, PTMT taps, sanitary wares, and stainless steel over 2,500 distributors and more than 400 SKUs across different product segments, the company has a strong presence in the domestic the company has reported steady growth in recent years. For the nine months ending December 2024, it reported a revenue of Rs 32.31 crore and a net profit of Rs 4.53 crore, marking a significant improvement compared to previous IPO proceeds are earmarked for capital expenditure towards equipment purchase, repayment of certain borrowings, funding working capital requirements, and general corporate Bath Fittings IPO was managed by Jawa Capital Services, with Kfin Technologies serving as the registrar.
Mint
09-06-2025
- Business
- Mint
Ganga Bath Fittings IPO allotment in focus today; check latest GMP, 4 steps to check status
Ganga Bath Fittings IPO allotment date today: Ganga Bath Fittings IPO share allotment will be finalised today (Monday, June 9). The investors who applied for Ganga Bath Fittings IPO can check the Ganga Bath Fittings IPO allotment status in the registrar's portal, which is Kfin Technologies Ltd. Ganga Bath Fittings IPO opened for subscription on Wednesday, June 4, and closed on Friday, June 6. Ganga Bath Fittings IPO subscription status was 1.64 times on the final day of bidding, as per data available on Investors can determine whether they have been allocated shares and the amount by checking the allocation basis. The quantity of shares assigned is also shown in the IPO allotment status. For those applicants who did not receive shares, the company will initiate the refund process. The shares will be credited to the demat accounts of those who are allocated shares. The initiation of the refund process will commence on Tuesday, June 10 for individuals not given shares. Those allotted will receive their shares in their demat accounts on the same day itself. Ganga Bath Fittings IPO listing date is scheduled for Wednesday, June 11 on the NSE SME. If you have applied for the Ganga Bath Fittings IPO, you can do a Ganga Bath Fittings IPO allotment status check online on the website of the IPO registrar, Kfin Technologies Ltd today. Upon clicking the provided link, you will encounter five links through which you can check the status. Here's the link for Ganga Bath Fittings IPO allotment - After accessing one of the five provided links, select Ganga Bath Fittings IPO from the dropdown menu in the "Select IPO" section. To verify the status, choose either the PAN, Demat Account, or the Application Number. - If you opt for the application number, input it along with the captcha code before clicking "Submit." - For the Demat Account option, enter your account information together with the captcha code and then hit "Submit." - If you choose the PAN option, provide your PAN number and the captcha before selecting "Submit." Ganga Bath Fittings IPO GMP today or grey market premium was ₹ 0, which meant shares were trading at their issue price of ₹ 49 with no premium or discount in the grey market according to Considering the grey market activities over the past 11 sessions, the IPO GMP is trending downward today and is anticipated to decline further. The lowest GMP recorded is ₹ 0.00, while the peak GMP stands at ₹ 3.50, as noted by experts at 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
News18
06-06-2025
- Business
- News18
Ganga Bath Fittings IPO Closes Today: Check Subscription Status, GMP Today
Last Updated: Unlisted shares of Ganga Bath Fittings Ltd are currently trading at Rs 49 apiece in the grey market, which is a zero GMP over the upper IPO price of Rs 49. Ganga Bath Fittings IPO Day 3: The initial public offering of Ganga Bath Fittings Ltd is going to be closed today, June 6. It has received a muted response so far. Till 1:09 am on the final day of bidding on Friday, the Rs 32.65-crore NSE SME IPO received a 1.33 times subscription, garnering bids for 84,45,000 shares as against 63,27,000 shares on offer. The retail and NII participation stood at 2.05 times and 0.60 times, respectively. The qualified institutional buyers (QIB) category has received a 2.22 times subscription so far. Ganga Bath Fittings Ltd, which was incorporated in 2018, manufactures and supplies various bathroom accessories, including CP taps, showers, sanitary wear, ABS fittings, door handles, vanities, and sinks. The three-day IPO was opened on Wednesday, June 4. It received a 0.45 times subscription on the first day of bidding on Wednesday, and a 1.02 times subscription on the second day. Ganga Bath Fittings IPO Price The price has been fixed in the range of Rs 46 to Rs 49 apiece. Ganga Bath Fittings IPO Lot Size The minimum lot size for an application is 3,000. The minimum amount of investment required by retail investors is Rs 1,47,000. The bidding can be done in multiple of 3,000. Ganga Bath Fittings IPO GMP Today According to market observers, unlisted shares of Ganga Bath Fittings Ltd are currently trading at Rs 49 apiece in the grey market, which is a zero GMP over the upper IPO price of Rs 49. It indicates flat or negative returns for investors on June 11, the tentative listing date. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Shares of Ganga Bath Fittings Ltd are scheduled to be listed on the NSE's SME platform on June 11. Ganga Bath Fittings IPO: More Details The Ganga Bath Fittings IPO, which is a bookbuilding of Rs 32.65 crore, comprises a fresh issue of 66.63 lakh shares. The proceeds will be utilised towards capital expenditure towards purchase of equipment/machine ries, etc; repayment/prepay ment of certain borrowings availed by the company; funding working capital requirements; and general corporate purpose. Jawa Capital Services Private Limited is the book-running lead manager of the Ganga Bath Fittings IPO, while Kfin Technologies Limited is the registrar for the issue.
News18
05-06-2025
- Business
- News18
Ganga Bath Fittings IPO Day 2: Check Subscription Status, GMP Today
Last Updated: Unlisted shares of Ganga Bath Fittings Ltd are currently trading at Rs 52.5 apiece in the grey market, which is a 7.14% premium or GMP over the upper IPO price of Rs 49. Ganga Bath Fittings IPO Day 2: The initial public offering of Ganga Bath Fittings Ltd, which was opened for public subscription on Wednesday, June 4, has received a muted response so far. Till 10:14 am on the second day of bidding on Thursday, the Rs 32.65-crore NSE SME IPO received a 0.49 times subscription, garnering bids for 31,08,000 shares as against 63,27,000 shares on offer. The retail and NII participation stood at 0.68 times and 0.26 times, respectively. The qualified institutional buyers (QIB) category has received a 2.22 times subscription so far. Ganga Bath Fittings Ltd, which was incorporated in 2018, manufactures and supplies various bathroom accessories, including CP taps, showers, sanitary wear, ABS fittings, door handles, vanities, and sinks. The three-day IPO will be closed on Friday, June 6. It received a 0.45 times subscription on the first day of bidding on Wednesday. Ganga Bath Fittings IPO Price The price has been fixed in the range of Rs 46 to Rs 49 apiece. Ganga Bath Fittings IPO Lot Size The minimum lot size for an application is 3,000. The minimum amount of investment required by retail investors is Rs 1,47,000. The bidding can be done in multiple of 3,000. Ganga Bath Fittings IPO GMP Today According to market observers, unlisted shares of Ganga Bath Fittings Ltd are currently trading at Rs 52.5 apiece in the grey market, which is a 7.14% premium or GMP over the uper IPO price of Rs 49. It indicates listing gains for investors on June 11, the tentative listing date. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Shares of Ganga Bath Fittings Ltd are scheduled to be listed on the NSE's SME platform on June 11. Ganga Bath Fittings IPO: More Details The Ganga Bath Fittings IPO, which is a bookbuilding of Rs 32.65 crore, comprises a fresh issue of 66.63 lakh shares. The proceeds will be utilised towards capital expenditure towards purchase of equipment/machine ries, etc; repayment/prepay ment of certain borrowings availed by the company; funding working capital requirements; and general corporate purpose. Jawa Capital Services Private Limited is the book-running lead manager of the Ganga Bath Fittings IPO, while Kfin Technologies Limited is the registrar for the issue.
