Ganga Bath Fittings shares list at ₹59 on NSE SME, a premium of 20.4% from issue price
Ganga Bath Fittings IPO listing: Shares of Ganga Bath Fittings IPO made a strong debut on the bourses on Wednesday, June 11, listing at ₹59 on NSE SME, a premium of 20.4 percent to its issue price of ₹49 per share.
The SME IPO, valued at ₹32.65 crore, was open for subscription from June 4 to June 6.
The Ganga Bath Fittings IPO ended with a tepid response, recording an overall subscription of 1.64 times during its three-day bidding window. Investors placed bids for 1.03 crore shares against the 63.27 lakh shares on offer. The retail segment witnessed stronger interest, getting subscribed 2.55 times, while the non-institutional investor (NII) category lagged with a subscription of just 0.73 times. Meanwhile, the Qualified…
