Ganga Bath Fittings IPO Fully Subscribed: Check Latest GMP, Subscription Status, Listing Date; Should You Bid?

The Ganga Bath Fittings SME IPO is getting a lot of interest from investors as it crosses full subscription on Day 2 of bidding. The reason behind this could be the affordable price band and strong presence in the sanitary ware market, because of which the IPO has attracted bids worth over Rs 31 crore so far. Investors are also eyeing potential listing gains, as the GMP (Grey Market Premium) shows a slight premium. Here's everything you need to know about the IPO.

Ganga Bath Fittings IPO Subscription Update

The Ganga Bath Fittings IPO SME public offering crossed full subscription on Day 2, with total bids reaching 64.20 lakh shares against 63.27 lakh shares offered. The overall subscription stands at 1.01 times with the Retail Individual Investor (RII) category bidding for 46.44 lakh shares, translating to a bid amount of Rs. 22.76 crore. The Non-Institutional Investor or the NII segment has bid for 16.23 lakh shares, amounting to Rs.7.95 crore, against an offer of 31.29 lakh shares. The Qualified Institutional Buyers (QIBs) have bid for 1.53 lakh shares which was double the 69,000 shares offered.

The total bid amount across all investor categories has reached Rs 31.46 crore by the end of Day 2.

Ganga Bath Fittings IPO GMP Update

As of the latest update on June 5, 2025, at 4:54 PM, the Grey Market Premium or the GMP for the Ganga Bath Fittings SME IPO stands at Rs. 1. The estimated listing price for the IPO is Rs. 50 which is the issue price plus the GMP. Investors can enjoy a potential listing gain of 2.04% per share.

Ganga Bath Fittings SME IPO Details

The Ganga Bath Fittings IPO is looking to raise Rs. 32.65 crore from the market. This is a fresh issue which opened for subscription on June 4 th and will close on June 6th Once the bidding ends, the share allotment is expected to be finalized on June 9, and With The price range of Rs. 46 and Rs. 49 per share the IPO will hit the NSE SME platform by June 11. Investors have to buy a minimum of 3,000 shares (1 lot). This means that a retail investor needs to invest at least Rs. 1,38,000.

About Ganga Bath Fittings

Ganga Bath Fittings Limited is a manufacturer and supplier of a wide range of bathroom and kitchen plumbing fixtures and accessories. Based in India, the company offers products such as taps, faucets, shower heads, angle valves, and other sanitary fittings under the "Ganga" brand. With a strong distribution network and a growing brand presence, Ganga Bath Fittings caters to both residential and commercial construction markets as per data on the company's website.