Ganga Bath Fittings IPO

Ganga Bath Fittings Limited, incorporated in 2018, is a manufacturer and supplier of a wide range of bathroom accessories and fittings under the brand name “GANGA.” Its diverse product portfolio includes CP bath fittings, sanitary ware, PTMT taps, stainless steel showers, ABS accessories, door handles, vanities, and sinks. With a technologically advanced manufacturing facility located in Shapar-Veraval, Gujarat, the company specializes in producing customized components that meet stringent quality standards and customer specifications. Ganga Bath Fittings is ISO 9001:2015 certified and emphasizes quality, durability, and aesthetic appeal in its offerings, serving a strong customer base across India.

As of December 2024, the company had a product catalog comprising 250 SKUs in its GI Unit, 32 SKUs in the GBS Unit, and 150 SKUs in the GPI segment. It operates with a workforce of 155 employees and 2 Executive Directors, supported by a robust distribution network of over 2,500 long-standing distributors. The company combines skilled manpower and advanced technology to ensure timely delivery, product excellence, and personalized customer service across both residential and commercial markets.

Ganga Bath Fittings IPO Strengths

• Ganga Bath Fittings manufactures and supplies a wide array of bathroom accessories, including CP taps, showers, ABS faucets, door handles, mirrors, vanities, and customized components, catering to diverse customer needs and market segments.
• Ganga Bath Fittings offers tailored solutions and personalized services for clients, which helps differentiate its offerings and attracts institutional and high-value customers.
• The company emphasizes contemporary technology, innovation, and a continuous improvement approach in both product design and manufacturing processes, ensuring products are modern and durable.
• Ganga Bath Fittings offers a balance of luxury and affordability, making premium-quality bath fittings accessible to a broader segment of customers.
• With a diverse selection of styles, designs, and sizes, the company caters to varied aesthetic preferences and functional needs for both residential and commercial clients.
• A rigorous quality control process is in place, from raw material checks to finished product testing, ensuring that every item meets high standards before reaching customers.
• The company operates with strong core values and business ethics, fostering long-term relationships with distributors, suppliers, and customers.

Ganga Bath Fittings IPO Risks

• The company’s success is closely tied to the expertise and continuity of its promoters and senior management; any unexpected departures could disrupt operations and strategic direction.
• Demand for bath fittings is tied to real estate and construction activity, exposing the business to economic slowdowns or reduced infrastructure spending.
• The bath fittings sector is highly competitive, with pressure from both organized players and unorganized local manufacturers, potentially eroding margins.
• The company’s profitability is sensitive to changes in the prices of metals, plastics, and other raw materials used in manufacturing bath fittings, which could squeeze margins if costs rise unexpectedly.
• With all manufacturing units located in Rajkot and a focus on the bathroom accessories sector, the company is exposed to regional disruptions and sector-specific demand fluctuations.
• Broader economic slowdowns, inflation, or stock market corrections can reduce demand for real estate and home improvement products, negatively affecting the company’s sales and profitability.