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Time of India
4 days ago
- Business
- Time of India
Ganga Bath Fittings IPO opens today: Check GMP, price band and other details
The IPO is being offered in a price band of Rs 46 to Rs 49 per share. The minimum lot size is 3,000 shares, translating into an investment of Rs 1.47 lakh for retail investors. Ganga Bath Fittings launched its IPO on June 4, aiming to raise Rs 32.65 crore through a fresh issue of shares, with listing planned on NSE SME. The company, known for its bathroom accessories under brands like Ganga and Glimpse, will use IPO proceeds for expansion and debt repayment. Tired of too many ads? Remove Ads About the company Tired of too many ads? Remove Ads Financial performance IPO proceeds and utilisation The initial public offering (IPO) of Ganga Bath Fittings opened for subscription on June 4 and will remain open till June 6. The SME issue aims to raise Rs 32.65 crore through a fresh issue of 66.63 lakh equity shares. The shares will be listed on the NSE SME platform, with a tentative listing date set for June IPO is being offered in a price band of Rs 46 to Rs 49 per share. The minimum lot size is 3,000 shares, translating into an investment of Rs 1.47 lakh for retail investors. Jawa Capital Services is the lead manager to the issue, while KFin Technologies is the in 2018, Ganga Bath Fittings is engaged in the manufacturing and supply of a wide range of bathroom accessories. Its product portfolio includes CP taps, ABS showers, PTMT taps, sanitary ware, door handles, vanities, and sinks. The company markets products under in-house brands such as Ganga, Glimpse, Stepian, and Tora, and also engages in OEM manufacturing facility is located in Shapar-Veraval, Gujarat, and the company has ISO 9001:2015 certification for quality management. Ganga Bath Fittings operates through a network of over 2,500 distributors and offers more than 400 SKUs across three major business company has shown steady growth in revenue and profitability. For the nine months ending December 2024, it posted revenue of Rs 32.31 crore and a net profit of Rs 4.53 crore. In FY24, full-year profit stood at Rs 2.48 crore on revenue of Rs 32.01 company intends to use the IPO proceeds for purchasing new equipment and machinery, repaying certain borrowings, meeting working capital requirements, and for general corporate strong brand recognition in the sanitaryware sector and a growing distribution network, the company hopes to capitalise on rising demand driven by urbanisation and real estate development. Investors will be closely watching the subscription trend over the next three days to assess sentiment for this SME issue.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
4 days ago
- Business
- Economic Times
Ganga Bath Fittings IPO opens today: Check GMP, price band and other details
About the company Live Events Financial performance IPO proceeds and utilisation (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The initial public offering (IPO) of Ganga Bath Fittings opened for subscription on June 4 and will remain open till June 6. The SME issue aims to raise Rs 32.65 crore through a fresh issue of 66.63 lakh equity shares. The shares will be listed on the NSE SME platform, with a tentative listing date set for June IPO is being offered in a price band of Rs 46 to Rs 49 per share. The minimum lot size is 3,000 shares, translating into an investment of Rs 1.47 lakh for retail investors. Jawa Capital Services is the lead manager to the issue, while KFin Technologies is the in 2018, Ganga Bath Fittings is engaged in the manufacturing and supply of a wide range of bathroom accessories. Its product portfolio includes CP taps, ABS showers, PTMT taps, sanitary ware, door handles, vanities, and sinks. The company markets products under in-house brands such as Ganga, Glimpse, Stepian, and Tora, and also engages in OEM manufacturing facility is located in Shapar-Veraval, Gujarat, and the company has ISO 9001:2015 certification for quality management. Ganga Bath Fittings operates through a network of over 2,500 distributors and offers more than 400 SKUs across three major business company has shown steady growth in revenue and profitability. For the nine months ending December 2024, it posted revenue of Rs 32.31 crore and a net profit of Rs 4.53 crore. In FY24, full-year profit stood at Rs 2.48 crore on revenue of Rs 32.01 company intends to use the IPO proceeds for purchasing new equipment and machinery, repaying certain borrowings, meeting working capital requirements, and for general corporate strong brand recognition in the sanitaryware sector and a growing distribution network, the company hopes to capitalise on rising demand driven by urbanisation and real estate development. Investors will be closely watching the subscription trend over the next three days to assess sentiment for this SME issue.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
6 days ago
- Business
- Economic Times
Ganga Bath Fittings IPO to open on June 4; aims to raise Rs 32.65 crore
Ganga Bath Fittings will open its Rs 32.65 crore IPO on June 4, 2025, with listing planned on NSE Emerge. Funds will support machinery purchases, debt repayment, and expansion. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Ganga Bath Fittings, a manufacturer of bathroom accessories and sanitaryware, is set to open its Initial Public Offering (IPO) on June 4, 2025. The company aims to raise Rs 32.65 crore at the upper end of the price band, with shares proposed to be listed on NSE Emerge. The IPO will close on June offering consists of up to 66.63 lakh equity shares with a face value of Rs 10 each. The price band has been fixed at Rs 46 to Rs 49 per share. Investors can bid for a minimum lot size of 3,000 issue comprises a reservation of up to 69,000 shares for qualified institutional buyers (QIBs), at least 31.29 lakh shares each for non-institutional investors (NIIs) and retail investors, and 3.36 lakh shares earmarked for the market proceeds from the IPO will be used for capital expenditure to purchase new machinery and equipment, repayment of certain borrowings, working capital needs, and general corporate purposes. Jawa Capital Services Private Limited is the book-running lead manager to the issue, while KFIN Technologies Limited is the on the IPO launch, Jimmy Tusharkumar Tilva, Managing Director of Ganga Bath Fittings, said, 'This offering is a milestone in our journey from a local manufacturer to a recognized name in India's sanitaryware industry. We're now ready to invest further in automation, expand production capabilities, and enhance our market reach.'The company serves customers through its own brands—Ganga, Glimpse, Stepian, and Tora—as well as through OEM manufacturing and sanitaryware trading. Its product portfolio includes CP taps, showers, ABS and PTMT faucets, bath accessories, vanities, sinks, and drainage Kumar Gupta, Director at Jawa Capital Services, noted, 'Ganga Bath Fittings is well-positioned to benefit from the ongoing growth in India's urban housing and lifestyle upgrade trends. The IPO will help the company fund its expansion and improve operational efficiency.'In FY24, Ganga Bath Fittings reported revenue of Rs 31.89 crore, EBITDA of Rs 4.95 crore, and net profit of Rs 2.47 crore. For the nine months ending December 2024, the company clocked revenue of Rs 32.29 crore, EBITDA of Rs 7.28 crore, and net profit of Rs 4.52 crore.
Associated Press
15-05-2025
- Business
- Associated Press
The Glimpse Group Reports Q3 Fiscal Year 2025 Financial Results
Reaffirm Revenues and Second Consecutive Quarter of Positive Cash Flow NEW YORK, NY / ACCESS Newswire / May 15, 2025 / The Glimpse Group, Inc. ('Glimpse') (NASDAQ:VRAR)(FSE:9DR), a diversified Immersive Technology platform company providing enterprise-focused Virtual Reality ('VR'), Augmented Reality ('AR') and Spatial Computing software and services, provided financial results for its third quarter fiscal year 2025, ended March 31, 2025 ('Q3 FY '25"). Business Commentary by President & CEO Lyron Bentovim Financial Summary: Recent Business Updates: Q3 Fiscal Year 2025 Conference Call and Webcast Date: Thursday, May 15, 2025 Time: 9:00 a.m. Eastern time USA Dial In: 888-506-0062 International: 973-528-0011 Participant Access Code: 633925 Webcast: Please dial in at least 10 minutes before the start of the call to ensure timely participation. A playback of the webcast will be available through Friday, May 15, 2026. A replay of the teleconference will be available through Thursday, May 29, 2025. To listen, please call USA: 877-481-4010 or International: 919-882-2331; Replay Passcode: 52387. A webcast will also be available on the IR section of The Glimpse Group website ( ) or by clicking the webcast link above. Note about Non-GAAP Financial Measures A non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with accounting principles generally accepted in the United States of America, or GAAP. Non-GAAP measures are not in accordance with, nor are they a substitute for, GAAP measures. Other companies may use different non-GAAP measures and presentation of results. In addition to financial results presented in accordance with GAAP, this press release presents adjusted EBITDA, which is a non-GAAP measure. Adjusted EBITDA is determined by taking net loss and adding interest, taxes, depreciation, amortization and stock-based compensation expenses. The company believes that this non-GAAP measure, viewed in addition to and not in lieu of net loss, provides useful information to investors by providing a more focused measure of operating results. This metric is an integral part of the Company's internal reporting to evaluate its operations and the performance of senior management. A reconciliation of adjusted EBITDA to net loss, the most comparable GAAP measure, is available in the accompanying financial tables below. The non-GAAP measure presented herein may not be comparable to similarly titled measures presented by other companies. About The Glimpse Group, Inc. The Glimpse Group (NASDAQ:VRAR) is a diversified Immersive technology platform company, providing enterprise-focused Virtual Reality, Augmented Reality and Spatial Computing software & services. Glimpse's unique business model builds scale and a robust ecosystem, while simultaneously providing investors an opportunity to invest directly into this emerging industry via a diversified platform. For more information on The Glimpse Group, please visit Safe Harbor Statement This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This press release may contain certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements, if provided, are based on information available to the Company as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business. Forward-looking statements, if provided, include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as 'anticipate,' 'believe,' 'view,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'should,' and 'would' or similar words. All forecasts, if provided, are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, any forecasts, if provided, are entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. Company Contact: Maydan Rothblum CFO & COO The Glimpse Group, Inc. (917) 292-2685 [email protected] THE GLIMPSE GROUP, INC. CONDENSED CONSOLIDATED BALANCE SHEETS THE GLIMPSE GROUP, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) THE GLIMPSE GROUP, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) The following table presents a reconciliation of net loss to Adjusted EBITDA for the three and nine months ended March 31, 2025 and 2024: SOURCE: The Glimpse Group, Inc. press release
Yahoo
22-04-2025
- Business
- Yahoo
Brightline Interactive Successfully Delivers First Full-Motion Immersive Simulator to the U.S. Navy
Milestone marks a significant achievement in the adaptation of immersive technologies to enhance the capabilities, effectiveness, and safety of the US Military Services NEW YORK, NY / / April 22, 2025 / The Glimpse Group, Inc. ("Glimpse") (NASDAQ:VRAR), a diversified Immersive Technology platform company providing enterprise-focused Virtual Reality ("VR"), Augmented Reality ("AR") and Spatial Computing software and services, today announced that its subsidiary company Brightline Interactive ("BLI"), a leader in spatial computing, deep tech, and AI integration, successfully delivered the first Brightline Immersive Simulator System to the U.S. Navy. Brightline's Immersive Simulator System is now ready for use and potentially implemented on a larger scale, providing the U.S. Navy with advanced simulation capabilities that bridge the gap between the real and virtual worlds. This state-of-the-art system incorporates spatial computing elements to enable high-level, cost-effective simulations, ensuring that military personnel can train in realistic and immersive environments. Tyler Gates, General Manager of Brightline Interactive and Chief Futurist at Glimpse, commented on this achievement, stating: "The successful delivery of the Brightline Immersive Simulator System to the U.S. Navy is a testament to our commitment to innovation and excellence. We are excited to see how this technology will enhance the training and operational capabilities of the US Military." Lyron Bentovim, President and CEO of Glimpse, added, "This milestone is a significant step forward for Brightline Interactive and demonstrates our ability to deliver cutting-edge immersive solutions. We look forward to continuing our collaboration with the U.S. Navy and other military branches to drive the future of training and simulation." About Brightline Interactive Brightline Interactive (BLI) is the global leader in spatial computing, immersive technologies, deep tech and AI integration. Brightline's accelerated computing platform - SpatialCore - provides cloud-centric synthetic data simulation, digital twins, XR and AI tools for both government and commercial customers. Brightline implements a layered production and business development approach to partnerships, scaled growth and data virtualization. For more information, please visit About The Glimpse Group, Inc. The Glimpse Group (NASDAQ:VRAR)(FSE:9DR) is a diversified Immersive technology platform company, providing enterprise-focused Virtual Reality, Augmented Reality and Spatial Computing software & services. Glimpse's unique business model builds scale and a robust ecosystem, while simultaneously providing investors an opportunity to invest directly into this emerging industry via a diversified platform. For more information on The Glimpse Group, please visit Safe Harbor Statement This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This press release may contain certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements, if provided, are based on information available to the Company as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business. Forward-looking statements, if provided, include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "view," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts, if provided, are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, any forecasts, if provided, are entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. Brightline Interactive Contact:Tyler GatesGeneral Manager, Brightline InteractiveChief Futurist, The Glimpse GroupTyler@ Glimpse Contact:Maydan RothblumCFO & COOThe Glimpse Group, Inc.917-292-2685maydan@ SOURCE: The Glimpse Group, Inc. View the original press release on ACCESS Newswire Sign in to access your portfolio
