{"id":38289,"date":"2025-06-04T13:49:52","date_gmt":"2025-06-04T08:19:52","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2025\/06\/04\/ganga-bath-fittings-limited-ipo-opens-on-june-04-2025\/"},"modified":"2025-06-04T13:49:52","modified_gmt":"2025-06-04T08:19:52","slug":"ganga-bath-fittings-limited-ipo-opens-on-june-04-2025","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2025\/06\/04\/ganga-bath-fittings-limited-ipo-opens-on-june-04-2025\/","title":{"rendered":"Ganga Bath Fittings Limited IPO Opens on June 04, 2025"},"content":{"rendered":"<div>\n<p><span data-sheets-root=\"1\"><strong>Mumbai (Maharashtra) [India], June 3: <\/strong><\/span><a name=\"_Hlk198386456\"><\/a>Ganga Bath Fittings Limited\u00a0(The Company, Ganga) is manufacturer of a wide range of bathroom accessories,\u00a0proposes to open its Initial Public Offering on Wednesday, June 04, 2025, aiming to raise\u00a0\u20b9\u00a032.65 Crore (At Upper Price Band),\u00a0with shares\u00a0to be listed on the NSE Emerge platform.<\/p>\n<p>The issue size is 66,63,000 equity shares at a face value of\u00a0\u20b9\u00a010 each with a price band of\u00a0\u20b9\u00a046 \u2013\u00a0\u20b9\u00a049 Per Share.<\/p>\n<p><strong>Equity Share Allocation<\/strong><\/p>\n<ul type=\"disc\">\n<li>Qualified Institutional Buyer \u2013\u00a0Not more than\u00a069,000\u00a0Equity Shares<\/li>\n<li>Non-Institutional Investors \u2013Not less than 31,29,000\u00a0Equity Shares<\/li>\n<li>Retail Individual Investors \u2013 Not less than 31,29,000\u00a0Equity Shares<\/li>\n<li>Market Maker \u2013 3,36,000 Equity Shares<\/li>\n<\/ul>\n<p>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.<\/p>\n<p>The Book Running Lead Manager to the Issue is\u00a0Jawa Capital Services Private Limited, The Registrar to the Issue is\u00a0KFIN Technologies Limited.<\/p>\n<p><strong>Mr. Jimmy Tusharkumar Tilva, Managing Director of Ganga Bath Fittings Limited,\u00a0<\/strong>expressed, \u201cWe are delighted to announce the launch of our Initial Public Offering\u2014a significant milestone that reflects the evolution of the company from a homegrown manufacturer to one of the prominent players in the Indian sanitaryware industry.\u00a0Over the years, we have built a diverse and quality-driven product portfolio, serving customers through our in-house brands, OEM partnerships, and trading operations.<\/p>\n<p>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.\u201d<\/p>\n<p><strong>Mr.<\/strong>\u00a0<strong>Anoop Kumar Gupta, Director of Jawa Capital Services Private Limited\u00a0<\/strong>said, \u201cWe 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\u2019s capital expenditure, working capital requirements, and debt reduction. We believe the company is positioned to benefit from industry trends and future expansion plans.\u201d<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], June 3: Ganga Bath Fittings Limited\u00a0(The Company, Ganga) is manufacturer of a wide range of bathroom accessories,\u00a0proposes to open its Initial Public Offering on Wednesday, June 04, 2025, aiming to raise\u00a0\u20b9\u00a032.65 Crore (At Upper Price Band),\u00a0with shares\u00a0to be listed on the NSE Emerge platform. The issue size is 66,63,000 equity shares at&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/dailynewsindia.co.in\/index.php\/2025\/06\/04\/ganga-bath-fittings-limited-ipo-opens-on-june-04-2025\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;Ganga Bath Fittings Limited IPO Opens on June 04, 2025&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":38290,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-38289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/38289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=38289"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/38289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/38290"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=38289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=38289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=38289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}