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Home
InvestmentsIPOGanga Bath Fittings IPO

Ganga Bath Fittings IPO

SME

Open Date

4 Jun 2025

Close Date

6 Jun 2025

Min Investment

₹ 1,38,000

Max Investment

₹ 5,00,000

Lot Size

3,000

Issue Size

₹ 32.65 Cr

Price Range

₹ 46 - ₹ 49
status

This IPO is now Live.

Click here for live price
IPO Timeline
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IPO Offer Start
4 Jun 2025
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IPO Offer Ends
6 Jun 2025
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Allotment Finalisation
9 Jun 2025
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Refund Initialisation
10 Jun 2025
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Non-Institutional Buyers (sHNI)
10 Jun 2025
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Listing of Shares
11 Jun 2025
IPO Subscription Details as on 15 Dec 2025, 05:31 PM
Qualified Instituational Buyers (QiB)
2.22 x
Retail
2.52 x
Non-Institutional Buyer (bHNI)
0.83 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
The company is engaged in the business of manufacturing and supplying Bathroom Accessories including bath fittings items such as CP taps and their parts, showers, bath accessories, Sanitary wear, ABS Shower, ABS Health faucet, ABS Taps, ABS Accessories, PTMT Taps, Door Handles, Bathroom Vanities, Bathroom Sinks, SS Showers, Shower Drains, SS Channel Drainer etc. The company derives its revenues from three verticals: 1) Sale of goods manufactured and sold under own brands (Ganga, Glimpse, Stepian, and Tora), 2) Sale of goods to OEMs on contract manufacturing basis, and 3) Sale of Traded Goods (Sanitaryware branded and sold under the brand name Ganga). The company's products are categorized into four segments: Chrome Plated Casted Bath Fittings, Sanitaryware Items, Plastic Molded Bath Fittings, and Stainless Steel Bath Fittings & Showers. The company has a strong presence in Gujarat and also operates in other states such as Madhya Pradesh, Rajasthan, and Uttarakhand.
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Founded In

2024

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Director

Tusharkumar Vithaldas Tilva

Financials of Ganga Bath Fittings IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Jun 2024
Operating Revenue1,217.911,357.87741.77
Other Income0.139.981.51
Total Income
1,218.041,367.85506.73
Total Expenses
1,201.451,281.44574.21
Profit Before Tax16.5986.41169.07
Total Profit
9.2359.44140.73

All figures are in lakhs (₹)

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Utilisation of Proceeds

All figures are in lakhs (₹)

PurposeAmount
Purchase of equipment/machineries and other assets for upgrading and installing plants at GI, GBS, and GPI units to enhance production capacity and expand product portfolio.2,013
Repayment/prepayment of certain borrowings availed by the Company to reduce outstanding indebtedness and improve debt-equity ratio.533
Funding working capital requirements for growth in business during the current financial year and the financial years ended on March 2026 and March 31, 2027.-
Utilization towards various corporate purposes such as part or full prepayment/repayment of borrowings, strategic initiatives, acquisitions, investments, business development initiatives, and meeting expenses incurred in the ordinary course of business.-
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  • Experienced Promoters and Management Team: The company's Promoters and Management Team possess combined experience of more than 3 decades in the bath fitting industry. They have been instrumental for the growth of the business and Company's financial performance. The Promoters look after both strategic and day-to-day business operations.
  • Wide range of Products: The company offers a wide range of products including CP taps, showers, bath accessories, sanitary ware, ABS showers, PTMT taps, door handles, bathroom vanities, sinks, SS showers, shower drains, etc. As of the DRHP date, the company has 250 SKUs in its GI Unit, 32 SKUs in its GBS Unit, and 150 SKUs in its GPI segment. This product variety has enabled the company to cater to a large customer base in the domestic market.
  • Long-standing relationship with distributors, clients and suppliers: The company has a network of over 2,500 distributors who have been associated with them for a long time. This distributor network enables effective reach to a larger customer base. The company continuously strives to strengthen relationships with distributors, clients and suppliers. The Promoter Director, Mr. Jimmy Tusharkumar Tilva, has built a positive reputation amongst stakeholders over time.
  • Quality standards: The company's motto is to provide quality products at competitive pricing. It constantly strives to improve industrial processes at every step of production. The company has ISO 9001:2015 certification for Quality Management Systems, for Design, Manufacture & Supply of Brass Bath Fittings, Sanitary wares, PTMT, Taps, SS Shower, SS Gully, ABS Taps, and all Kind of Accessories. This certification reflects the company's commitment to quality products.
  • Legacy Business: The company's Promoters have been engaged in the bath fittings business since 2011. Since inception, the Promoters have diversified operations and continuously added new products to the company's portfolio. Over the years, the Promoters have built positive relationships, goodwill and trust with distributors, customers, suppliers etc. which has been instrumental in the growth of the business.
  • Strong & experienced R&D team: The company has a highly experienced R&D team that designs various new and complicated parts as requested by customers within competitive timelines. This enables the company to cater to customized needs of the market and develop new products.

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©2021-2025 Raise Securities Private Limited (formerly Moneylicious Securities Private Limited). All rights reserved. CIN: U74999MH2012PTC433549 Raise Securities is part of Raise Financial Services.

SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016 | SEBI Research Analyst Registration No: INH000023357
Exchange Membership No. : NSE: 90133 | BSE: 6593 | MCX: 56320
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