| IPO Date | September 19, 2025 to September 23, 2025 |
|---|---|
| Face Value | ₹2 per share |
| Issue Price Band | ₹442 to ₹465 per share |
| Lot Size | 32 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 11,20,47,000 shares |
| Share Holding (Post-Issue) | 12,71,00,763 shares |
| Total Issue Size | 1,93,54,838 shares (aggregating up to ₹900.00 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | 43,01,075 shares of ₹2 (aggregating up to ₹200.00 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 | 32 | ₹14,880 |
| Retail (Max) | 13 | 416 | ₹1,93,440 |
| S-HNI (Min) | 14 | 448 | ₹2,08,320 |
| S-HNI (Max) | 67 | 2144 | ₹9,96,960 |
| B-HNI (Min) | 68 | 2176 | ₹10,11,840 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 38,60,119 | |
| NII (HNI) Shares Offered | 28,96,100 (21.36%) | |
| Retail Shares Offered | 67,57,566 (49.83%) | 2,11,173 |
| Employee Shares Offered | 47,506 (0.35%) | |
| Total Shares Offered | 1,35,61,291 (100.00%) |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 30/03/2025 | - | 213.93 | - | 1635.74 |
| 30/03/2024 | - | 100.47 | - | 688.04 |
| 30/03/2023 | - | 4.75 | - | 263 |
| KPI | Values |
|---|---|
| ROE | 63.41% |
| ROCE | 60.45% |
| Debt/Equity | 1.36 |
| RoNW | 63.41% |
| PAT Margin | 9.76% |
| EBITDA Margin | 16.40% |
| Price to Book Value | 43.18 |
| type | pre_ipo | post_ipo |
|---|---|---|
| EPS Rs | 19.09 | 16.83 |
| P/E (x) | 24.35 | 27.63 |
| 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) | 40,63,347 | 4,40,28,000 | 10.84 |
| 1(a) | foreign institutional investors (fiis) | - | 88,05,472 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 41,96,896 | - |
| 1(c) | mutual funds | - | 1,87,10,080 | - |
| 1(d) | others | - | 1,23,15,552 | - |
| 2 | non institutional investors(niis) | 30,47,512 | 3,06,02,752 | 10.04 |
| 2.1 | non institutional investors(bid amount of more than ten lakh rupees) | 20,31,675 | 2,17,86,144 | 10.72 |
| 2.1(a) | corporates | - | 3,38,528 | - |
| 2.1(b) | individuals (other than riis) | - | 2,05,38,816 | - |
| 2.1(c) | others | - | 9,08,800 | - |
| 2.2 | non institutional investors(bid amount of more than two lakh rupees and upto 10 lakh rupees) | 10,15,837 | 88,16,608 | 8.68 |
| 2.2(a) | corporates | - | 36,224 | - |
| 2.2(b) | individuals (other than riis) | - | 84,46,816 | - |
| 2.2(c) | others | - | 3,33,568 | - |
| 3 | retail individual investors (riis) | 71,10,860 | 1,89,12,288 | 2.66 |
| 3(a) | cut off | - | 1,54,35,840 | - |
| 3(b) | price bids | - | 34,76,448 | - |
| 4 | employee reserved | 50,251 | 2,65,632 | 5.29 |
| 4(a) | employee (cut off) | - | 2,34,400 | - |
| 4(b) | employee (price) | - | 31,232 | - |
| 5 | reservation portionshareholder | - | - | - |
| 5(a) | rps (cut off) | - | - | - |
| 5(b) | rps (price) | - | - | - |
| total | 1,42,71,970 | 9,38,08,672 | 6.57 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
26/09/2025
Listing |
465.00 | Rs. 10 no-change | 6.93x | 200/2800 | 475 (2.15) | Rs. 320 | 26/9/2025, 9:41:00 am |
|
25/09/2025
|
465.00 | Rs. 10 up | 6.93x | 200/2800 | 475 (2.15) | Rs. 320 | 25/9/2025, 11:28:00 pm |
|
24/09/2025
Allotment |
465.00 | Rs. 7.5 down | 6.93x | 200/2800 | 472.5 (1.61) | Rs. 240 | 24/9/2025, 11:30:00 pm |
|
23/09/2025
Close |
465.00 | Rs. 13 up | 6.93x | 300/4200 | 478 (2.8) | Rs. 416 | 23/9/2025, 11:36:00 pm |
|
22/09/2025
|
465.00 | Rs. 9 down | 1.15x | 200/2800 | 474 (1.94) | Rs. 288 | 22/9/2025, 11:29:00 pm |
|
21/09/2025
|
465.00 | Rs. 18 no-change | 0.62x | 400/5600 | 483 (3.87) | Rs. 576 | 21/9/2025, 11:28:00 pm |
|
20/09/2025
|
465.00 | Rs. 18 down | 0.62x | 400/5600 | 483 (3.87) | Rs. 576 | 20/9/2025, 11:37:00 pm |
|
19/09/2025
Open |
465.00 | Rs. 32 down | 0.62x | 800/11200 | 497 (6.88) | Rs. 1024 | 19/9/2025, 11:29:00 pm |
|
18/09/2025
|
465.00 | Rs. 65 down | 1600/22400 | 530 (13.98) | Rs. 2080 | 18/9/2025, 11:35:00 pm | |
|
17/09/2025
|
465.00 | Rs. 78 up | 1900/26600 | 543 (16.77) | Rs. 2496 | 17/9/2025, 11:36:00 pm | |
|
16/09/2025
|
465.00 | Rs. 71 no-change | 1700/23800 | 536 (15.27) | Rs. 2272 | 16/9/2025, 11:28:00 pm |