Offering consists of up to 66.63 parts of Lakh equity with a face value of Rs 10 each. Price band fixed on Rs 46 to Rs 49 per share. Investors can tid for a minimum size of 3,000 parts.
The issue consists of a reservation of up to 69,000 parts for qualified institutional buyers (Qiks), Non investors
Proceeds from IPOs will be used for capital expenditure to buy new machinery and equipment, pay some corporate requirements. Private privacy services privately is the book manager running the issue, while Kfin technologies are limited is the registry.
Commenting on the IPO Launch, Jimmy Tusharkumar Tilva, Managing Director of Ganga Bath Fittings, said, “This offering is a milestone in our journey from a local manufacturer to a recognized name in India’s Sanitary in Automation, Expand Production Capabilities, and Enhance Our Market Reach. “
The company has served customers by own brands – Ganga, view, Scheian, and Tora – as well as by OEM motoruring and sanitarywe trading. Product portfolio including CP taps, shower, abs and ptmt folds to keep a profit in earnings in the earnings of the Earnings in the Earth to Earn in the Rs 32.29 crore, EBITDA Rs 7.52 crore.
