Ganga Bathtub Fittings IPO Itemizing: Ganga Bathtub Fitings shares, which make lavatory equipment, received right into a daze entry on NSE SME in the present day. Nevertheless, its IPO didn’t get particular response and the reserved half for each class couldn’t be totally stuffed. Shares have been issued at a worth of ₹ 49 below IPO. Right this moment, it has entered NSE SEM at ₹ 59.00 i.e. IPO traders received 20.41% itemizing positive aspects. Nevertheless, the enjoyment of IPO traders pale shortly when the shares broke. It broke down on the decrease circuit of ₹ 56.05 (Ganga Bathtub Fittings Share Worth) i.e. IPO traders are actually 14.39% revenue. This IPO acquired combined response from traders and total it was subscribed to 1.64 instances. It had a share reserved for certified institutional patrons (QIB) 2.22 instances, non-institutional traders (NII) share 0.73 instances and a share of retail traders was 2.55 instances. Underneath this IPO, 66.63 lakh new shares with face worth of ₹ 10 have been issued. These shares will value cash collected, working capital necessities and common company aims. The information associated to Ganga Bathtub fittings might be spent on the 12 months 2018, Ganga Bathtub Fitings CP Faucets, Showers, Sanitary Put on, ABS Fitings, Doring Holds, Vanituals, and so on. Its merchandise are offered below the model of ‘Ganga’. Speaking concerning the monetary well being of the corporate, it has been strongly strengthened. In FY 2022, it had a web revenue of ₹ 21 lakh, which jumped within the subsequent monetary 12 months 2023 to ₹ 31 lakh and in FY 2024 to ₹ 2.48 crore. Throughout this era, the corporate’s income elevated to ₹ 32.01 crore yearly from the compound charge (CAGR) of greater than 19% yearly. Speaking concerning the final monetary 12 months 2024-25, in April-December 2024, it has acquired a web revenue of ₹ 4.53 crore and a income of ₹ 32.31 crore. IPO Replace: IPO of 4 firms together with Kent RO, Karamtara ENGG: The inexperienced clause of SEBI is being offered right here just for info. It’s obligatory to say right here that the funding market out there is topic to dangers. At all times seek the advice of consultants earlier than investing cash as an investor. There’s by no means recommendation to anybody to speculate cash on behalf of Moneycontrol.
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