Ganga Bath Fittings Shares Make a Splash on Stock Market Debut – Listed at ₹59, Up 20% from Issue Price

In a strong debut on the NSE SME platform today, shares of Ganga Bath Fittings Ltd opened at ₹59, which is about 20% higher than its issue price of ₹49. This means if someone bought the shares during the IPO, they instantly saw a gain on listing day.

What Happened Today?

Ganga Bath Fittings, a company that makes bathroom products like taps, showers, and other fittings, got listed on the NSE SME (Small and Medium Enterprises) exchange. When its shares started trading today, they were priced at ₹59 each—this is ₹10 more than the original price of ₹49 set during the IPO. That’s a solid start for a company making its first appearance on the stock market.

Quick Look at the IPO

The company had opened its IPO (Initial Public Offering) for public investment from June 4 to June 6. During this time, people could apply to buy its shares at ₹49 each. The goal was to raise about ₹32.65 crore, which the company said would be used for growing its business, paying back loans, and other general expenses.

Who Is Ganga Bath Fittings?

Ganga Bath Fittings is a Rajkot-based company that started in 2018. At first, it was a small firm named Ganga Plast Industries. Over time, it grew and became a public company in 2024 to raise money from the stock market.

They make a wide range of products used in homes, hotels, and offices—things like health faucets, taps, bathroom mirrors, door handles, and even bathtubs. The company sells these items not only in India but also in other countries.

Why Are People Interested?

The 20% rise in share price shows that many investors are feeling confident about the company. One reason could be the rising demand for stylish and functional bathroom fittings, especially in growing urban areas and newly built homes.

Also, small-cap companies like Ganga Bath Fittings attract attention from investors who are looking for growth stories—where a company can start small and grow big over time.

What’s Next for Ganga?

Now that the IPO is done and the shares are listed, the company plans to use the money to:

• Expand its factory or production setup

• Add more products to its lineup

• Pay off some of its debts

• Handle other business expenses

With its strong start on the exchange, Ganga Bath Fittings seems all set for its next phase of growth.