| IPO Date | September 19, 2025 to September 23, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹102 to ₹108 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding (Pre-Issue) | 1,94,62,491 shares |
| Share Holding (Post-Issue) | 2,44,06,491 shares |
| Total Issue Size | 64,68,000 shares (aggregating up to ₹69.85 Cr) |
| Reserved for Market Maker | 3,24,000 shares (aggregating up to ₹3.50 Cr)Jevin Stock Broker Private Limited |
| Net Offered to Public | 61,44,000 shares (aggregating up to ₹66.36 Cr) |
| Offer for Sale | 15,24,000 shares of ₹10 (aggregating up to ₹16.46 Cr) |
| Fresh Issue (ex Market Maker) | 46,20,000 shares (aggregating up to ₹49.90 Cr) |
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 |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2400 | ₹2,59,200 |
| Individual investors (Retail) (Max) | 2 | 2400 | ₹2,59,200 |
| S-HNI (Min) | 3 | 3600 | ₹3,88,800 |
| S-HNI (Max) | 7 | 8400 | ₹9,07,200 |
| B-HNI (Min) | 8 | 9600 | ₹10,36,800 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 3,24,000 (5.27%) | - |
| QIB Shares Offered | 6,14,400 (10.00%) | - |
| NII (HNI) Shares Offered | 13,34,400 (21.72%) | - |
| Retail Shares Offered | 38,71,200 (63.01%) | - |
| Total Shares Offered | 61,44,000 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 30/03/2025 | - | 13.08 | - | 182.83 |
| 30/03/2024 | - | 12.18 | - | 181.25 |
| 30/03/2023 | - | 6.02 | - | 184.13 |
| KPI | Values |
|---|---|
| ROE | 17.95% |
| ROCE | 14.88% |
| Debt/Equity | 0.84 |
| RoNW | 16.47% |
| PAT Margin | 1.81% |
| EBITDA Margin | 4.54% |
| Price to Book Value | 2.65 |
| type | pre_ipo | post_ipo |
|---|---|---|
| EPS Rs | 6.72 | 5.36 |
| P/E (x) | 16.06 | 20.15 |
| 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) | - | 39,19,200 | - |
| 1(a) | Foreign Institutional Investors(FIIs) | - | - | |
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | - | - | |
| 1(c) | Mutual funds | - | - | |
| 1(d) | Others | - | 39,19,200 | - |
| 2 | Non Institutional Investors | - | 75,37,200 | - |
| 2.1 | Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | - | 74,23,200 | - |
| 2.1(a) | Corporates | - | 59,55,600 | - |
| 2.1(b) | Individuals(IND category bidding for more than 2 Lots) | - | 14,67,600 | - |
| 2.1(c) | Others | - | - | |
| 2.2 | Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | - | 1,14,000 | - |
| 2.2(a) | Corporates | - | 38,400 | - |
| 2.2(b) | Individuals(IND category bidding for more than 2 Lots) | - | 56,400 | - |
| 2.2(c) | Others | - | 19,200 | - |
| 3 | Individual Investors (IND category bidding for 2 Lots) | - | 13,03,200 | - |
| Total | - | 1,27,59,600 | - |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
26/09/2025
Listing |
108.00 | Rs. 0 no-change | 4.21x | -- | 108 (0) | Rs. 0 | 26/9/2025, 9:32:00 am |
|
25/09/2025
|
108.00 | Rs. 0 no-change | 4.21x | -- | 108 (0) | Rs. 0 | 25/9/2025, 11:32:00 pm |
|
24/09/2025
Allotment |
108.00 | Rs. 0 no-change | 4.21x | -- | 108 (0) | Rs. 0 | 24/9/2025, 11:28:00 pm |
|
23/09/2025
Close |
108.00 | Rs. 0 no-change | 4.21x | -- | 108 (0) | Rs. 0 | 23/9/2025, 11:31:00 pm |
|
22/09/2025
|
108.00 | Rs. 0 no-change | 3.12x | -- | 108 (0) | Rs. 0 | 22/9/2025, 11:33:00 pm |
|
21/09/2025
|
108.00 | Rs. 0 no-change | 2.2x | -- | 108 (0) | Rs. 0 | 21/9/2025, 11:32:00 pm |
|
20/09/2025
|
108.00 | Rs. 0 no-change | 2.2x | -- | 108 (0) | Rs. 0 | 20/9/2025, 11:34:00 pm |
|
19/09/2025
Open |
108.00 | Rs. 0 no-change | 2.2x | -- | 108 (0) | Rs. 0 | 19/9/2025, 11:37:00 pm |
|
18/09/2025
|
108.00 | Rs. 0 no-change | -- | 108 (0) | Rs. 0 | 18/9/2025, 11:29:00 pm | |
|
17/09/2025
|
108.00 | Rs. 0 no-change | -- | 108 (0) | Rs. 0 | 17/9/2025, 11:35:00 pm | |
|
16/09/2025
|
108.00 | Rs. 0 no-change | -- | () | Rs. 0 | 16/9/2025, 10:59:00 am |