| IPO Date | September 25, 2025 to September 29, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹115 to ₹121 per share |
| Lot Size | 120 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 2,97,46,000 shares |
| Share Holding (Post-Issue) | 3,83,86,000 shares |
| Total Issue Size | 95,99,548 shares (aggregating up to ₹116.15 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | 9,59,548 shares of ₹10 (aggregating up to ₹11.61 Cr) |
| Fresh Issue (ex Market Maker) | - |
Date: Wednesday, 24 September 2025
IPO subscription opens for investorsDate: Sunday, 28 September 2025
Last date for IPO subscriptionDate: Monday, 29 September 2025
Expected date for share allotmentDate: Tuesday, 30 September 2025
Refunds initiated for unsuccessful applicationsDate: Tuesday, 30 September 2025
Shares credited to demat accountsDate: Thursday, 2 October 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Mon, Sep 29, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 120 | ₹14,520 |
| Retail (Max) | 13 | 1560 | ₹1,88,760 |
| S-HNI (Min) | 14 | 1680 | ₹2,03,280 |
| S-HNI (Max) | 68 | 8160 | ₹9,87,360 |
| B-HNI (Min) | 69 | 8280 | ₹10,01,880 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer | - |
| Retail Shares Offered | Not less than 35% of the Net Offer | - |
| NII Shares Offered | Not less than 15% of the Net Offer | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 30/03/2025 | - | 19.14 | - | 179.35 |
| 30/03/2024 | - | 18.64 | - | 109.44 |
| KPI | Values |
|---|---|
| ROE | 28.30% |
| ROCE | 18.39% |
| Debt/Equity | 0.58 |
| RoNW | 21.22% |
| PAT Margin | 5.03% |
| EBITDA Margin | 7.52% |
| Price to Book Value | 4.18 |
| 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) | 19,21,273 | 1,29,42,960 | 6.74 |
| 1(a) | foreign institutional investors (fiis) | - | 3,360 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 1,07,11,080 | - |
| 1(c) | mutual funds | - | 6,61,080 | - |
| 1(d) | others | - | 15,67,440 | - |
| 2 | non institutional investors (niis) | 14,39,933 | 9,93,97,800 | 69.03 |
| 2.1 | non institutional investors (bid amount of more than ten lakh rupees) | 9,59,956 | 6,28,60,200 | 65.48 |
| 2.1(a) | corporates | - | 5,56,800 | - |
| 2.1(b) | individuals (other than riis) | - | 5,99,89,320 | - |
| 2.1(c) | others | - | 23,14,080 | - |
| 2.2 | non institutional investors (bid amount of more than two lakh and upto ten lakh rupees) | 4,79,977 | 3,65,37,600 | 76.12 |
| 2.2(a) | corporates | - | 1,49,160 | - |
| 2.2(b) | individuals (other than riis) | - | 3,48,64,800 | - |
| 2.2(c) | others | - | 15,23,640 | - |
| 3 | retail individual investors (riis) | 33,59,842 | 6,13,32,840 | 18.25 |
| 3(a) | cut off | - | 4,83,96,840 | - |
| 3(b) | price bids | - | 1,29,36,000 | - |
| 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 | 67,21,048 | 17,36,73,600 | 25.84 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
03/10/2025
Listing |
121.00 | Rs. 20 no-change | 65.09x | 1800/25200 | 141 (16.53) | Rs. 2400 | 3/10/2025, 9:30:00 am |
|
02/10/2025
|
121.00 | Rs. 20 no-change | 65.09x | 1800/25200 | 141 (16.53) | Rs. 2400 | 2/10/2025, 11:31:00 pm |
|
01/10/2025
|
121.00 | Rs. 20 no-change | 65.09x | 1800/25200 | 141 (16.53) | Rs. 2400 | 1/10/2025, 11:37:00 pm |
|
30/09/2025
Allotment |
121.00 | Rs. 20 no-change | 65.09x | 1800/25200 | 141 (16.53) | Rs. 2400 | 30/9/2025, 11:30:00 pm |
|
29/09/2025
Close |
121.00 | Rs. 20 up | 65.09x | 1800/25200 | 141 (16.53) | Rs. 2400 | 29/9/2025, 11:28:00 pm |
|
28/09/2025
|
121.00 | Rs. 17 no-change | 5.11x | 1600/22400 | 138 (14.05) | Rs. 2040 | 28/9/2025, 11:32:00 pm |
|
27/09/2025
|
121.00 | Rs. 17 no-change | 5.11x | 1600/22400 | 138 (14.05) | Rs. 2040 | 27/9/2025, 11:36:00 pm |
|
26/09/2025
|
121.00 | Rs. 17 down | 5.11x | 1600/22400 | 138 (14.05) | Rs. 2040 | 26/9/2025, 11:32:00 pm |
|
25/09/2025
Open |
121.00 | Rs. 21 no-change | 2.29x | 1900/26600 | 142 (17.36) | Rs. 2520 | 25/9/2025, 11:30:00 pm |
|
24/09/2025
|
121.00 | Rs. 21 down | 1900/26600 | 142 (17.36) | Rs. 2520 | 24/9/2025, 11:30:00 pm | |
|
23/09/2025
|
121.00 | Rs. 51 no-change | 4700/65800 | 172 (42.15) | Rs. 6120 | 23/9/2025, 11:37:00 pm | |
|
22/09/2025
|
121.00 | Rs. 51 no-change | 4700/65800 | 172 (42.15) | Rs. 6120 | 22/9/2025, 11:29:00 pm | |
|
21/09/2025
|
121.00 | Rs. 51 no-change | 4700/65800 | 172 (42.15) | Rs. 6120 | 21/9/2025, 11:30:00 pm | |
|
20/09/2025
|
121.00 | Rs. 51 no-change | 4700/65800 | 172 (42.15) | Rs. 6120 | 20/9/2025, 11:35:00 pm | |
|
19/09/2025
|
121.00 | Rs. 51 no-change | 4700/65800 | 172 (42.15) | Rs. 6120 | 19/9/2025, 11:31:00 pm | |
|
18/09/2025
|
121.00 | Rs. 51 no-change | 4700/65800 | 172 (42.15) | Rs. 6120 | 18/9/2025, 11:35:00 pm | |
|
17/09/2025
|
121.00 | Rs. 51 no-change | 4700/65800 | 172 (42.15) | Rs. 6120 | 17/9/2025, 11:28:00 pm | |
|
16/09/2025
|
121.00 | Rs. 51 up | 4700/65800 | 172 (42.15) | Rs. 6120 | 16/9/2025, 11:30:00 pm | |
|
15/09/2025
|
Rs. 0 no-change | -- | () | Rs. 0 | 15/9/2025, 11:31:00 pm |