| IPO Date | September 19, 2025 to September 23, 2025 |
|---|---|
| Face Value | ₹2 per share |
| Issue Price Band | ₹145 to ₹153 per share |
| Lot Size | 98 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 17,66,73,476 shares |
| Share Holding (Post-Issue) | 20,28,17,266 shares |
| Total Issue Size | 3,03,43,790 shares (aggregating up to ₹464.26 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | 42,00,000 shares of ₹2 (aggregating up to ₹64.26 Cr) |
| Fresh Issue (ex Market Maker) | - |
Date: Thursday, 18 September 2025
IPO subscription opens for investorsDate: Monday, 22 September 2025
Last date for IPO subscriptionDate: Tuesday, 23 September 2025
Expected date for share allotmentDate: Wednesday, 24 September 2025
Refunds initiated for unsuccessful applicationsDate: Wednesday, 24 September 2025
Shares credited to demat accountsDate: Thursday, 25 September 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Tue, Sep 23, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 98 | ₹14,994 |
| Retail (Max) | 13 | 1274 | ₹1,94,922 |
| S-HNI (Min) | 14 | 1372 | ₹2,09,916 |
| S-HNI (Max) | 66 | 6468 | ₹9,89,604 |
| B-HNI (Min) | 67 | 6566 | ₹10,04,598 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 60,68,759 | |
| NII (HNI) Shares Offered | 45,51,569 (21.43%) | |
| Retail Shares Offered | 1,06,20,327 (50.00%) | 1,08,370 |
| Total Shares Offered | 2,12,40,655 (100.00%) |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 30/03/2025 | - | 133.21 | - | 583.62 |
| KPI | Values |
|---|---|
| ROE | 63.71% |
| ROCE | 55.65% |
| Debt/Equity | 0.74 |
| RoNW | 63.71% |
| PAT Margin | 12.12% |
| EBITDA Margin | 18.24% |
| Price to Book Value | 12.39 |
| type | pre_ipo | post_ipo |
|---|---|---|
| EPS Rs | 7.54 | 6.57 |
| P/E (x) | 20.29 | 23.3 |
| Sr. no/th> | Category | No. of. shares. offered / reserved | No. of Shares Bid for | No. of. times. of. total. meant. for. the. Category |
|---|---|---|---|---|
| 1 | qualified institutional buyers (qibs) | 62,87,724 | 1,17,13,23,342 | 186.29 |
| 1(a) | foreign institutional investors (fiis) | - | 30,71,08,186 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 47,28,01,000 | - |
| 1(c) | mutual funds | - | 2,55,93,484 | - |
| 1(d) | others | - | 36,58,20,672 | - |
| 2 | non institutional investors(niis) | 47,67,931 | 58,51,44,672 | 122.73 |
| 2.1 | non institutional investors(bid amount of more than ten lakh rupees) | 31,78,621 | 43,71,96,620 | 137.54 |
| 2.1(a) | corporates | - | 42,01,260 | - |
| 2.1(b) | individuals (other than riis) | - | 41,30,22,862 | - |
| 2.1(c) | others | - | 1,99,72,498 | - |
| 2.2 | non institutional investors(bid amount of more than two lakh rupees and upto 10 lakh rupees) | 15,89,310 | 14,79,48,052 | 93.09 |
| 2.2(a) | corporates | - | 3,35,062 | - |
| 2.2(b) | individuals (other than riis) | - | 14,06,65,868 | - |
| 2.2(c) | others | - | 69,47,122 | - |
| 3 | retail individual investors (riis) | 1,11,25,173 | 23,13,10,968 | 20.79 |
| 3(a) | cut off | - | 18,61,96,766 | - |
| 3(b) | price bids | - | 4,51,14,202 | - |
| 4 | employee reserved | - | - | - |
| 4(a) | employee (cut off) | - | - | - |
| 4(b) | employee (price) | - | - | - |
| 5 | reservation portionshareholder | - | - | - |
| 5(a) | rps (cut off) | - | - | - |
| 5(b) | rps (price) | - | - | - |
| total | 2,21,80,828 | 1,98,77,78,982 | 89.62 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
26/09/2025
Listing |
153.00 | Rs. 18 no-change | 93.58x | 1300/18200 | 171 (11.76) | Rs. 1764 | 26/9/2025, 9:40:00 am |
|
25/09/2025
|
153.00 | Rs. 18 down | 93.58x | 1300/18200 | 171 (11.76) | Rs. 1764 | 25/9/2025, 11:34:00 pm |
|
24/09/2025
Allotment |
153.00 | Rs. 25 down | 93.58x | 1900/26600 | 178 (16.34) | Rs. 2450 | 24/9/2025, 11:36:00 pm |
|
23/09/2025
Close |
153.00 | Rs. 31 up | 93.58x | 2300/32200 | 184 (20.26) | Rs. 3038 | 23/9/2025, 11:29:00 pm |
|
22/09/2025
|
153.00 | Rs. 20 down | 6.7x | 1500/21000 | 173 (13.07) | Rs. 1960 | 22/9/2025, 11:28:00 pm |
|
21/09/2025
|
153.00 | Rs. 22 no-change | 2.69x | 1600/22400 | 175 (14.38) | Rs. 2156 | 21/9/2025, 11:31:00 pm |
|
20/09/2025
|
153.00 | Rs. 22 down | 2.69x | 1600/22400 | 175 (14.38) | Rs. 2156 | 20/9/2025, 11:33:00 pm |
|
19/09/2025
Open |
153.00 | Rs. 25 down | 2.69x | 1900/26600 | 178 (16.34) | Rs. 2450 | 19/9/2025, 11:37:00 pm |
|
18/09/2025
|
153.00 | Rs. 36 down | 2700/37800 | 189 (23.53) | Rs. 3528 | 18/9/2025, 11:31:00 pm | |
|
17/09/2025
|
153.00 | Rs. 45 up | 3400/47600 | 198 (29.41) | Rs. 4410 | 17/9/2025, 11:31:00 pm | |
|
16/09/2025
|
153.00 | Rs. 0 no-change | -- | 153 (0) | Rs. 0 | 16/9/2025, 11:35:00 pm | |
|
15/09/2025
|
Rs. 0 no-change | -- | () | Rs. 0 | 15/9/2025, 9:57:00 pm |