| IPO Date | September 23, 2025 to September 25, 2025 |
|---|---|
| Face Value | ₹5 per share |
| Issue Price Band | ₹393 to ₹414 per share |
| Lot Size | 36 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 4,47,14,558 shares |
| Share Holding (Post-Issue) | 6,27,09,727 shares |
| Total Issue Size | 1,79,95,169 shares (aggregating up to ₹745.00 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Monday, 22 September 2025
IPO subscription opens for investorsDate: Wednesday, 24 September 2025
Last date for IPO subscriptionDate: Thursday, 25 September 2025
Expected date for share allotmentDate: Sunday, 28 September 2025
Refunds initiated for unsuccessful applicationsDate: Sunday, 28 September 2025
Shares credited to demat accountsDate: Monday, 29 September 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Thu, Sep 25, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 36 | ₹14,904 |
| Retail (Max) | 13 | 468 | ₹1,93,752 |
| S-HNI (Min) | 14 | 504 | ₹2,08,656 |
| S-HNI (Max) | 67 | 2412 | ₹9,98,568 |
| B-HNI (Min) | 68 | 2448 | ₹10,13,472 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 88,69,050 (49.29%) | |
| NII (HNI) Shares Offered | 26,60,715 (14.79%) | |
| Retail Shares Offered | 62,08,335 (34.50%) | 1,72,453 |
| Employee Shares Offered | 2,57,069 (1.43%) | |
| Total Shares Offered | 1,79,95,169 (100.00%) |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 30/03/2025 | - | 103.61 | - | 3365 |
| 30/03/2024 | - | 77.29 | - | 2585.1 |
| 30/03/2023 | - | 37.75 | - | 1628.78 |
| KPI | Values |
|---|---|
| ROE | 23.12% |
| ROCE | 21.32% |
| Debt/Equity | 1.80 |
| RoNW | 23.12% |
| PAT Margin | 12.23% |
| EBITDA Margin | 36.81% |
| Price to Book Value | 4.68 |
| type | pre_ipo | post_ipo |
|---|---|---|
| EPS Rs | 23.17 | 16.52 |
| P/E (x) | 17.87 | 25.06 |
| 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) | 37,40,457 | 34,092 | 0.01 |
| 1(a) | Foreign Institutional Investors(FIIs) | |||
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | |||
| 1(c) | Mutual funds | |||
| 1(d) | Others | 34,092 | ||
| 2 | Non Institutional Investors | 28,05,344 | 7,02,432 | 0.25 |
| 2.1 | Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | 18,70,229 | 2,93,976 | 0.16 |
| 2.1(a) | Corporates | |||
| 2.1(b) | Individuals(Other than RIIs) | 2,70,792 | ||
| 2.1(c) | Others | 23,184 | ||
| 2.2 | Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | 9,35,115 | 4,08,456 | 0.44 |
| 2.2(a) | Corporates | 2,412 | ||
| 2.2(b) | Individuals(Other than RIIs) | 3,98,772 | ||
| 2.2(c) | Others | 7,272 | ||
| 3 | Retail Individual Investors(RIIs) | 65,45,802 | 17,37,288 | 0.27 |
| 3(a) | Cut Off | 15,09,768 | ||
| 3(b) | Price bids | 2,27,520 | ||
| 4 | Employees | 2,71,739 | 74,160 | 0.27 |
| 4(a) | Cut Off | 55,584 | ||
| 4(b) | Price Bids | 18,576 | ||
| Total | 1,33,63,342 | 25,47,972 | 0.19 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
30/09/2025
Listing |
414.00 | Rs. 29 down | 21.83x | 800/11200 | 443 (7) | Rs. 1044 | 30/9/2025, 9:35:00 am |
|
29/09/2025
|
414.00 | Rs. 31 down | 21.83x | 800/11200 | 445 (7.49) | Rs. 1116 | 29/9/2025, 11:28:00 pm |
|
28/09/2025
|
414.00 | Rs. 32 no-change | 21.83x | 900/12600 | 446 (7.73) | Rs. 1152 | 28/9/2025, 11:34:00 pm |
|
27/09/2025
|
414.00 | Rs. 32 up | 21.83x | 900/12600 | 446 (7.73) | Rs. 1152 | 27/9/2025, 11:35:00 pm |
|
26/09/2025
Allotment |
414.00 | Rs. 29 down | 21.83x | 800/11200 | 443 (7) | Rs. 1044 | 26/9/2025, 11:37:00 pm |
|
25/09/2025
Close |
414.00 | Rs. 39 up | 21.83x | 1100/15400 | 453 (9.42) | Rs. 1404 | 25/9/2025, 11:29:00 pm |
|
24/09/2025
|
414.00 | Rs. 35 down | 1.2x | 1000/14000 | 449 (8.45) | Rs. 1260 | 24/9/2025, 11:37:00 pm |
|
23/09/2025
Open |
414.00 | Rs. 45 up | 0.45x | 1200/16800 | 459 (10.87) | Rs. 1620 | 23/9/2025, 11:37:00 pm |
|
22/09/2025
|
414.00 | Rs. 31 up | 800/11200 | 445 (7.49) | Rs. 1116 | 22/9/2025, 11:31:00 pm | |
|
21/09/2025
|
414.00 | Rs. 24 no-change | 700/9800 | 438 (5.8) | Rs. 864 | 21/9/2025, 11:30:00 pm | |
|
20/09/2025
|
414.00 | Rs. 24 down | 700/9800 | 438 (5.8) | Rs. 864 | 20/9/2025, 11:37:00 pm | |
|
19/09/2025
|
414.00 | Rs. 44 down | 1200/16800 | 458 (10.63) | Rs. 1584 | 19/9/2025, 11:36:00 pm | |
|
18/09/2025
|
414.00 | Rs. 70 up | 1900/26600 | 484 (16.91) | Rs. 2520 | 18/9/2025, 11:34:00 pm | |
|
17/09/2025
|
0 | Rs. 60 up | -- | 60 (0) | Rs. 0 | 17/9/2025, 11:30:00 pm | |
|
16/09/2025
|
Rs. 0 no-change | -- | (0) | Rs. 0 | 16/9/2025, 5:55:00 am | ||
|
15/09/2025
|
Rs. 0 no-change | -- | () | Rs. 0 | 15/9/2025, 11:11:00 pm |