| IPO Date | September 26, 2025 to September 30, 2025 |
|---|---|
| Face Value | ₹2 per share |
| Issue Price Band | ₹208 to ₹219 per share |
| Lot Size | 68 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 17,84,42,280 shares |
| Share Holding (Post-Issue) | 21,58,46,298 shares |
| Total Issue Size | 3,74,04,018 shares (aggregating up to ₹819.15 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Thursday, 25 September 2025
IPO subscription opens for investorsDate: Monday, 29 September 2025
Last date for IPO subscriptionDate: Tuesday, 30 September 2025
Expected date for share allotmentDate: Thursday, 2 October 2025
Refunds initiated for unsuccessful applicationsDate: Thursday, 2 October 2025
Shares credited to demat accountsDate: Sunday, 5 October 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Tue, Sep 30, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 68 | ₹14,892 |
| Retail (Max) | 13 | 884 | ₹1,93,596 |
| S-HNI (Min) | 14 | 952 | ₹2,08,488 |
| S-HNI (Max) | 67 | 4556 | ₹9,97,764 |
| B-HNI (Min) | 68 | 4624 | ₹10,12,656 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue | - |
| Retail Shares Offered | Not less than 35% of the Net Issue | - |
| NII Shares Offered | Not less than 15% of the Net Issue | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 30/03/2025 | - | 279.1 | 1080.33 | 2648.96 |
| 30/03/2024 | - | 229.87 | 450.06 | 2253.87 |
| 30/03/2023 | - | 16.53 | 228.79 | 840.15 |
| KPI | Values |
|---|---|
| ROE | 23.09% |
| ROCE | 37.89% |
| Debt/Equity | 0.13 |
| RoNW | 22.87% |
| PAT Margin | 11.44% |
| EBITDA Margin | 20.71% |
| Price to Book Value | 3.07 |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 15.64 | 12.93 |
| - | 14 | 16.94 |
| 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) | 78,57,191 | 1,25,81,156 | 1.60 |
| 1(a) | foreign institutional investors (fiis) | - | 65,35,208 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 3,400 | - |
| 1(c) | mutual funds | - | - | - |
| 1(d) | others | - | 60,42,548 | - |
| 2 | non institutional investors(niis) | 58,92,895 | 1,71,09,004 | 2.90 |
| 2.1 | non institutional investors(bid amount of more than ten lakh rupees) | 39,28,597 | 1,21,41,332 | 3.09 |
| 2.1(a) | corporates | - | 4,13,780 | - |
| 2.1(b) | individuals (other than riis) | - | 1,12,76,372 | - |
| 2.1(c) | others | - | 4,51,180 | - |
| 2.2 | non institutional investors(bid amount of more than two lakh rupees and upto 10 lakh rupees) | 19,64,298 | 49,67,672 | 2.53 |
| 2.2(a) | corporates | - | 45,288 | - |
| 2.2(b) | individuals (other than riis) | - | 46,95,060 | - |
| 2.2(c) | others | - | 2,27,324 | - |
| 3 | retail individual investors (riis) | 1,37,50,087 | 1,41,31,148 | 1.03 |
| 3(a) | cut off | - | 1,14,75,612 | - |
| 3(b) | price bids | - | 26,55,536 | - |
| 4 | employee reserved | 1,06,382 | 1,84,008 | 1.73 |
| 4(a) | employee (cut off) | - | 1,57,624 | - |
| 4(b) | employee (price) | - | 26,384 | - |
| 5 | reservation portionshareholder | - | - | - |
| 5(a) | rps (cut off) | - | - | - |
| 5(b) | rps (price) | - | - | - |
| total | 2,76,06,555 | 4,40,05,316 | 1.59 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
06/10/2025
Listing |
219.00 | Rs. 12 no-change | 1.68x | 600/8400 | 231 (5.48) | Rs. 816 | 6/10/2025, 9:30:00 am |
|
05/10/2025
|
219.00 | Rs. 12 down | 1.68x | 600/8400 | 231 (5.48) | Rs. 816 | 5/10/2025, 11:30:00 pm |
|
04/10/2025
|
219.00 | Rs. 17 up | 1.68x | 900/12600 | 236 (7.76) | Rs. 1156 | 4/10/2025, 11:37:00 pm |
|
03/10/2025
|
219.00 | Rs. 16 up | 1.68x | 800/11200 | 235 (7.31) | Rs. 1088 | 3/10/2025, 11:28:00 pm |
|
02/10/2025
|
219.00 | Rs. 13 up | 1.68x | 700/9800 | 232 (5.94) | Rs. 884 | 2/10/2025, 11:31:00 pm |
|
01/10/2025
Allotment |
219.00 | Rs. 10 up | 1.68x | 500/7000 | 229 (4.57) | Rs. 680 | 1/10/2025, 11:29:00 pm |
|
30/09/2025
Close |
219.00 | Rs. 0 down | 1.68x | -- | 219 (0) | Rs. 0 | 30/9/2025, 11:37:00 pm |
|
29/09/2025
|
219.00 | Rs. 18 up | 0.58x | 900/12600 | 237 (8.22) | Rs. 1224 | 29/9/2025, 11:32:00 pm |
|
28/09/2025
|
219.00 | Rs. 12 down | 0.17x | 600/8400 | 231 (5.48) | Rs. 816 | 28/9/2025, 11:33:00 pm |
|
27/09/2025
|
219.00 | Rs. 18 down | 0.17x | 900/12600 | 237 (8.22) | Rs. 1224 | 27/9/2025, 11:33:00 pm |
|
26/09/2025
Open |
219.00 | Rs. 35 up | 0.17x | 1800/25200 | 254 (15.98) | Rs. 2380 | 26/9/2025, 11:37:00 pm |
|
25/09/2025
|
219.00 | Rs. 32 up | 1700/23800 | 251 (14.61) | Rs. 2176 | 25/9/2025, 11:35:00 pm | |
|
24/09/2025
|
219.00 | Rs. 23 down | 1200/16800 | 242 (10.5) | Rs. 1564 | 24/9/2025, 11:33:00 pm | |
|
23/09/2025
|
219.00 | Rs. 27 up | 1400/19600 | 246 (12.33) | Rs. 1836 | 23/9/2025, 11:31:00 pm | |
|
22/09/2025
|
219.00 | Rs. 26 up | 1300/18200 | 245 (11.87) | Rs. 1768 | 22/9/2025, 11:30:00 pm | |
|
21/09/2025
|
Rs. 0 no-change | -- | () | Rs. 0 | 21/9/2025, 10:34:00 pm |