Home/IPOs/GANGABATH
G

GANGABATH IPO

Ganga Bath Fittings Limited
Start Date04-06-2025
Application Timing10am-5pm
Price Range₹46 - ₹49
Min Qty3000
Min. Investment₹138000
Listing DateNA
Close Date06-06-2025

About Ganga Bath Fittings Limited

Incorporated in 2018, Ganga Bath Fittings Limited is engaged in the manufacturing and supply of a wide range of bathroom accessories. The company offers an extensive portfolio of products such as CP taps, PTMT taps, stainless steel showers, sanitary wares, ABS accessories, sinks, vanities, and more, under the brand name “GANGA.”

Its advanced manufacturing facility is located in Shapar-Veraval, Gujarat, and is equipped with state-of-the-art machinery and skilled manpower to maintain high-quality production standards. As of December 2024, the company boasted over 2,500 distributors and a product catalog consisting of 250+ SKUs in its GI Unit, 32 SKUs in GBS Unit, and 150 SKUs in the GPI segment.

The company is ISO 9001:2015 certified and has a strong in-house R&D team ensuring innovative and customized solutions for diverse client requirements. With 2 Executive Directors and a workforce of 155 employees, Ganga Bath Fittings continues to build on its promise of quality, durability, and customer satisfaction.

Why To Invest in Ganga Bath Fittings Limited

Consistent Revenue Growth: The company’s revenue has grown steadily from 22.34 Cr in FY22 to 32.31 Cr as of Dec 2024, reflecting strong business scalability.

Rising Profitability: Profit After Tax (PAT) has improved significantly to 4.53 Cr (as of Dec 2024) compared to 0.21 Cr in FY22, indicating improved operational efficiency.

Attractive Financial Ratios: Strong KPIs with ROCE of 29.80%, ROE of 15.07%, and PAT margin of 9.96% showcase healthy returns and business profitability.

Widespread Distribution Network: A solid pan-India presence with over 2,500 long-standing distributors provides a competitive edge in market penetration.

Quality Manufacturing: The company’s ISO-certified facilities and customer-centric product design ensure high standards in production and delivery.

Strong Industry Outlook: Rising demand for quality bathroom fittings in India due to growing real estate, renovation, and urbanization trends bodes well for future growth.

Financial Table
Period Ended 31 Dec 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets43.67 33.74 32.03 29.87
Revenue 32.3132.0130.6822.34
Profit After Tax 4.53 2.480.310.21
Net Worth 22.12 11.059.517.36
Reserves and Surplus 15.54 11.059.517.36
Total Borrowing 10.7313.7012.2913.43
Strengths And Risks
+
Experienced Promoters & Management: The leadership team brings strong domain expertise.
+
Diverse Product Portfolio: Offers more than400 SKUs across various categories.
+
Robust Financial Metrics: Strong profitability ratios and steady growth.
+
Widespread Distributor Network: Over 2,500 distributors strengthen brand visibility and market access.
+
R&D Capabilities: In-house development ensures innovation and custom solutions.
+
ISO Certified Facility: Emphasis on quality management and customer satisfaction.
-
SME Listing: Being listed on NSE SME platform may lead to lower liquidity and visibility compared to mainboard stocks.
-
Working Capital Dependency: Business operations rely heavily on adequate working capital.
-
Industry Competition: Faces stiff competition from both organized and unorganized players in the bathroom fittings sector.
-
Limited Operating History: Incorporated in 2018, it has a relatively short track record compared to industry veterans.
-
High Entry Cost for Retail Investors: The minimum investment amount (1.38–1.47 lakh) might deter small investors.
FAQs
What are the Ganga Bath Fittings IPO dates? +
What is the price band for the IPO? +
What is the minimum lot size for retail investors? +
Where will the IPO be listed? +
What is the total issue size? +
Who can invest in this IPO? +

Explore Other Products

Rupeezy AppAdvanced charts, advanced Option Chain, instant pay-in & pay-out,margin .Learn More
Rupeezy <> TradingViewEnjoy top-class trading experience enhanced by advanced TradingView charts.Learn More
DockPortfolio analysis, pledge holdings, apply in IPOs & download reports Learn More