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The Print
2 days ago
- Business
- The Print
Ganga Bath Fittings Limited IPO Opens on June 04, 2025
Mumbai (Maharashtra) [India], June 4: Ganga Bath Fittings Limited (The Company, Ganga) is manufacturer of a wide range of bathroom accessories, proposes to open its Initial Public Offering on Wednesday, June 04, 2025, aiming to raise Rs 32.65 Crore (At Upper Price Band), with shares to be listed on the NSE Emerge platform. The issue size is 66,63,000 equity shares at a face value of Rs 10 each with a price band of Rs 46 – Rs 49 Per Share. Equity Share Allocation – Qualified Institutional Buyer – Not more than 69,000 Equity Shares – Non-Institutional Investors -Not less than 31,29,000 Equity Shares – Retail Individual Investors – Not less than 31,29,000 Equity Shares – Market Maker – 3,36,000 Equity Shares The net proceeds from the IPO will be utilized for capital expenditure towards the purchase of equipment/machinery, repayment/prepayment of certain borrowings availed by the Company, funding working capital requirements and for general corporate purposes. The issue is closing on June 06, 2025. The Book Running Lead Manager to the Issue is Jawa Capital Services Private Limited, The Registrar to the Issue is KFIN Technologies Limited. Jimmy Tusharkumar Tilva, Managing Director of Ganga Bath Fittings Limited, expressed, 'We are delighted to announce the launch of our Initial Public Offering–a significant milestone that reflects the evolution of the company from a homegrown manufacturer to one of the prominent players in the Indian sanitaryware industry. Over the years, we have built a diverse and quality-driven product portfolio, serving customers through our in-house brands, OEM partnerships, and trading operations. 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. This marks the beginning of an exciting new chapter as we strive to scale new heights.' Anoop Kumar Gupta, Director of Jawa Capital Services Private Limited said, 'We are pleased to be associated with Ganga Bath Fittings Limited as the lead manager for their Initial Public Offering. The company operates with a clear focus on product quality, operational efficiency, and market development. The bathroom fittings and sanitaryware industry in India has witnessed steady growth, driven by rising urbanization, housing development, and improved lifestyle standards. The IPO is structured to support the company's capital expenditure, working capital requirements, and debt reduction. We believe the company is positioned to benefit from industry trends and future expansion plans.' (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same) This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content.
Time of India
4 days ago
- Business
- Time of India
Ganga Bath Fittings IPO to open on June 4; aims to raise Rs 32.65 crore
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel 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.
Economic Times
4 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.
