Latest news with #GangaBathFittings
Mint
2 days ago
- 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
4 days ago
- 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
6 days ago
- 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.
Time of India
6 days ago
- Business
- Time of India
Ganga Bath Fittings IPO opens for subscription
The Rs 33-crore IPO of Ganga Bath Fittings , manufacturer of bathroom accessories, opened for subscription on Wednesday. The IPO priced in the range of Rs 46-49 per equity share, will remain open until June 6, the company said in a statement. Shares of the company will be listed on NSE Emerge and the investors can bid for a minimum of 3,000 shares and in multiples thereof, it added. The IPO is entirely a fresh issue of 66.63 lakh shares. Proceeds from the IPO will be utilised for capital expenditure , repayment of debt, funding working capital requirements and general corporate purposes. Live Events "This IPO will fuel our vision for the future enabling us to invest in modern machinery, improve our manufacturing scale, and strengthen our financial foundation. We see this as a stepping stone to greater innovation and deeper market penetration," Ganga Bath Fittings' MD Jimmy Tusharkumar Tilva, said. In FY24, the company logged a revenue of Rs 31.89 crore and profit after tax (PAT) of Rs 2.48 crore. As of December last year, the firm posted a revenue of Rs 32.29 crore and PAT of Rs 4.53 crore. Jawa Capital Services is the sole book running lead manager and KFin Technologies is the registrar to the issue.
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Business Standard
6 days ago
- Business
- Business Standard
Ganga Bath Fittings IPO Day 1 update; check subscription, GMP, key dates
Ganga Bath Fittings IPO subscription status Day 1: The initial public offering (IPO) of Ganga Bath Fittings, which opened for subscription today, June 4, 2025, is receiving a decent response from investors on the first day. The issue was subscribed by 10 per cent as of 11:20 AM, according to National Stock Exchange (NSE) data. The quota reserved for retail investors was subscribed to around 18 per cent, followed by non-institutional investors (NIIs) at 2 per cent. Ganga Bath Fittings IPO grey market premium (GMP) On Wednesday, the unlisted shares of Ganga Bath Fittings were trading at ₹50, commanding a grey market premium (GMP) of ₹1 or 2 per cent compared to the upper price band of ₹49, according to sources tracking unofficial market activities. Ganga Bath Fittings IPO details Ganga Bath Fittings aims to raise ₹32.65 crore through a fresh issue of 6.66 million shares. There is no offer for sale (OFS) component. The three-day bidding window will close on Friday, June 6, 2025. The basis of the allotment of shares is likely to be finalised on Monday, June 9, 2025. Shares of Ganga Bath Fittings will be listed on the NSE SME platform tentatively on Wednesday, June 11, 2025. The price band for the Ganga Bath Fittings IPO is set the price band in the range of ₹46 to ₹49 per equity share. Retail investors would require a minimum investment amount of ₹1,38,000 to bid for one lot comprising 3,000 shares. The minimum lot size investment for high net worth individuals (HNI) is 2 lots (6,000 shares) amounting to ₹2,94,000. Kfin Technologies is the registrar of the issue. Jawa Capital Services is the sole book-running lead manager of the Ganga Bath Fittings IPO. According to the red herring prospectus (RHP), the company plans to use ₹20.13 crore from the net issue proceeds to purchase equipment or machinery, ₹5.32 crore for repayment or prepayment of certain borrowing, and ₹2.7 crore for working capital requirements. The remaining funds will be used for general corporate purposes. About Ganga Bath Fittings Incorporated in 2018, Ganga Bath Fittings is engaged in manufacturing and supplying bathroom accessories including but not limited to bath fittings items such as CP taps and their parts, showers, bath accessories, Sanitary wear, ABS Showers, ABS Health faucet, ABS Taps, ABS Accessories, PTMT Taps, Door Handles, Bathroom Vanities, Bathroom Sinks, SS Showers, Shower Drains, SS Channel Drainer etc. It also manufactures customised components based on customer specifications. The company has a network of over 2,500 distributors across India.
