Overview

• Ganga Bath Fittings is offering 66.63 lakh fresh equity shares at ₹46–49 each in a book-building issue to raise ₹32.65 crore.
• Allotment is scheduled for June 9 with shares set to debut on the NSE SME platform on June 11.
• Grey market trades at a ₹1 premium per share, suggesting a potential 2.04% listing gain at ₹50.
• Net proceeds will finance the purchase of new machinery, repayment of existing borrowings and bolstering of working capital.
• The Gujarat-based manufacturer reported a ₹4.53 crore net profit on ₹32.31 crore revenue for the nine months to December 2024 and sells through over 2,500 distributors nationwide.