Ganga Tub Fittings IPO Day 2: Examine subscription, GMP, key dates and different particulars

Ganga Tub Fittings IPO Day 2: The subscription for the Rs 33-crore IPO of Ganga Tub Fittings is underway. The three-day subscription course of commenced on June 4, 2025 and can conclude on June 6, 2025. On the time of writing the report, the subscription standing of the IPO was 69.60 per cent. 

Whereas the retail portion was subscribed 98 per cent, NII (non-institutional traders) portion was booked by 28 per cent. In response to the info out there, the Certified Institutional Consumers (QIB) was subscribed 2.22 occasions. 

The IPO was subscribed 45 per cent on the primary day of the bidding course of.

Ganga Tub Fittings IPO Worth Band

The value band mounted for the IPO is within the vary of Rs 46-49 per fairness share. The IPO is totally a recent problem of 66.63 lakh shares.

Ganga Tub Fittings IPO GMP As we speak

Ganga Tub Fittings IPO GMP in the present day is +3.5. If the present GMP continues, the Ganga Tub Fittings share is anticipated to be listed at Rs 52.5. 

How Does The Firm Plan To Use The Proceeds?

Proceeds from the IPO might be used for capital expenditures, debt compensation, funding working capital necessities, and basic company functions.

Ganga Tub Fittings Share Itemizing

The shares of Ganga Tub Fittings might be listed on NSE Emerge.

Ganga Tub Fittings Share Itemizing Tentative Date

The shares of the corporate are anticipated to be listed on June 11, 2025.

Ganga Tub Fittings IPO Allotment Standing 

The allotment course of is anticipated to be finalised on June 9, 2025.

Ganga Tub Fittings IPO KFin Applied sciences

Jawa Capital Providers is the only real book-running lead supervisor, and KFin Applied sciences is the registrar to the problem.

In FY24, the corporate logged a income of Rs 31.89 crore and revenue after tax (PAT) of Rs 2.48 crore. As of December final yr, the agency posted a income of Rs 32.29 crore and PAT of Rs 4.53 crore.