Ganga Tub Fittings SME IPO: Ganga Tub Fittings, a sanitary {hardware} and loo options agency, set to launch its SME preliminary public providing (IPO) this month to boost capital by way of a book-building challenge comprising completely of a contemporary challenge of 66.63 lakh fairness shares.
The Rs 32.65 crore IPO will open for subscription on Wednesday, June 4, and conclude on Friday, June 6.
Ganga Tub Fittings SME IPO | Value band, different particulars
The corporate has mounted the value band at Rs 46 to Rs 49 per share.
The minimal bid lot is 3,000 shares, translating to a minimal funding of Rs 1,38,000 for retail buyers.
For top net-worth people (HNIs), the minimal funding threshold is 2 tons (6,000 shares), amounting to Rs 2,94,000.
Ganga Tub Fittings | Monetary efficiency
The corporate has proven constant progress in its monetary efficiency over the previous few years.
It is web revenue elevated to Rs 4.53 crore as of December 2024, up from Rs 2.48 crore on the finish of FY23–24. Within the earlier two years, it was Rs 0.31 crore and Rs 0.21 crore.
In phrases income the corporate has reported Rs 30.68 crore and Rs 22.34 crore for FY22–23 and FY21–22, respectively.
The corporate’s web value rose to Rs 22.12 crore by December 2024, up from Rs 11.05 crore in March 2024 and Rs 9.51 crore in March 2023.
Whole borrowings declined to Rs 10.73 crore as of December 2024 from Rs 13.70 crore in March 2024.
As of December 31, 2024, the corporate’s complete property stood at Rs 43.67 crore, in comparison with Rs 33.74 crore as of March 31, 2024, and Rs 32.03 crore within the earlier monetary 12 months.
The corporate generated income of Rs 32.31 crore through the 9 months ending December 2024 which is larger than Rs 32.01 crore recorded within the full 12 months ended March 2024.
Ganga Tub Fittings SME IPO | Allotment, itemizing dates
After closing the IPO on Friday, the allotment is predicted to be finalised on Monday, June 9. After this, the corporate’s shares are scheduled to be listed on the NSE SME platform on Wednesday, June 11.
Ganga Tub Fittings SME IPO | BRLM, registrar
The IPO is being managed by Jawa Capital Companies, appearing because the book-running lead supervisor.
The registrar to the difficulty is Kfin Applied sciences Restricted.
What does Ganga Tub Fittings do?
Ganga Tub Fittings is within the sanitary ware trade with a portfolio of bathtub equipment, fittings, and {hardware} merchandise.
What’s an SME IPO?
An SME IPO (small and medium enterprise preliminary public providing) is a approach for small and medium-sized corporations to boost cash from the general public by providing their shares for the primary time.
These IPOs are listed on a particular platform, just like the NSE SME or BSE SME, which is designed particularly for smaller companies.
