IPO share Rs. The price of Rs 46 to 49 is being offered in the band. Translated for retail investors in an investment of Rs 1.47 lakh, the minimum lot size is 3,000 shares. Java Capital Services is the main manager of this issue, while KFIN technologies are registrars.
About the company
Founded in 2018, Ganga Bath fittings are engaged in the production and supply of a wide range of bathroom accessories. CP in its product portfolio. Includes TS PS, ABS Shower, PTMT tapes, sanitary ware, door handles, vanitis and sink. The company markets products under the brand brands like Ganga, Glimps, Stapian and Tora and are also busy with OEM production.
The manufacturing facility is located in Shapar-Veraval, Gujarat, and the company has a certificate for ISO 9001: 2015 quality management. Ganga Bath Fittings operates through a network of more than 2,500 distributors and offers more than 400 SKUs in three large business Vert wet.
Financial operations
The company has shown a steady growth in income and profitability. For the nine months ending December 2024, he spent Rs. 32.31 crore and a net profit of Rs 4.53 crore. In FY 24, the full year profit is Rs. 32.01 crore on income of Rs. It was 2.48 crores.
IPOs forward and use
The company intends to buy new devices and machinery, pay some lending, meet working capital requirements, and use IPO’s income for general corporate purposes.
With a strong brand validation and increasing distribution network in the sanitaryware sector, the company hopes to earn the rising demand from urbanization and real estate development. The SME Investors will closely look at the subscription trend in the next three days to evaluate the spirit of the issue.
(Connection: The recommendations, suggestions, opinions and opinions provided by experts have their own. This does not represent opinions of economic time)
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