Ganga Bath Fittings Limited IPO
The company is engaged in the manufacturing and supply of a comprehensive range of bathroom accessories, including but not limited to:
i)CP taps and parts
ii)Showers and shower drains (SS Showers, Linear Shower Drains)
iii)ABS health faucets, taps, accessories
iv)Bathroom vanities, sinks, sanitary ware
v)Door handles, glass connectors, mirrors, locks
vi)Floor springs and other ancillary products.
Business Verticals
1. Own Brand Sales:
Products manufactured and sold under proprietary brands such as Ganga, Glimpse, Stepian, and Tora.
2. Contract Manufacturing:
Manufacture of bathroom fittings and accessories for third parties under their brand names (OEM).
3. Traded Goods:
Procurement and branding of sanitary ware and accessories under the Ganga brand for resale.
Manufacturing Capabilities
i) The company’s manufacturing facilities are equipped with advanced technology and maintain stringent quality control.
ii)They also produce customized components per customer specifications, emphasizing timely delivery and quality.
iii)Recently, Ganga Bath Fittings has planned capital investments including:
- Installation of two new electric furnaces to increase production capacity from 225 to 630 metric tons annually.
- Purchase of 10 grinding machines with dust collectors to support the increased casting capacity.
Conclusion
Ganga Bath Fittings Limited is a growing player in the bathroom fittings industry, with a diversified product portfolio and a focus on quality, customization, and customer service. With recent investments to boost manufacturing capacity and an experienced leadership team, the company aims to capitalize on increasing market demand and expand its footprint in India’s bathroom accessories segment.
Objects of the Ganga Bath Fittings Limited IPO:
Ganga Bath Fittings Limited IPO Details:
Open Date: | Jun 04 2025 |
Close Date: | Jun 06 2025 |
Total Shares: | 66,63,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 32.65 Cr. |
Lot Size: | 3000 Shares |
Issue Price: | ₹ 46-49 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Jun 11 2025 |
Promoters And Management:
Financials of Ganga Bath Fittings Limited IPO:
Particular (In Lakh) | 9MFY25 | Mar-24 | Mar-23 | Mar-22 |
Revenue From Operation | 2246 | 1358 | 1218 | 1067 |
EBITDA | 568 | 163 | 140 | 76 |
EBITDA Margin | 25.29% | 12.04% | 11.49% | 7.13% |
PAT | 361 | 59 | 9 | 1 |
PAT Margin | 16.06% | 4.38% | 0.76% | 0.07% |
RoE | 16.30% | 15.07% | 6.85% | 0.60% |
CFOA | -130 | -99 | 16 | 68 |
Comparison With Peers:
Name of the Companies | Revenue (Cr) | EBITDA Margin | PAT Margin | P/E | D/E | Mcap (cr) |
Ganga Bath Fittings Limited (9MFY25) | 22.46 | 25.29% | 16.06% | 30.1 | 0.48 | 109 |
Hindware Home Innovation Limited (TTM) | 2523 | 6% | -1.76% | -33.2 | 1.14 | 2263 |
Cera Sanitaryware Limited (TTM) | 1915 | 15% | 12.9% | 33.4 | 0.05 | 8274 |
Lead Manager of Ganga Bath Fittings Limited IPO:
Registrar of Ganga Bath Fittings Limited IPO:
Discussion on Ganga Bath Fittings Limited IPO:
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