| IPO Date | September 23, 2025 to September 25, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹846 to ₹890 per share |
| Lot Size | 16 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 2,02,46,177 shares |
| Share Holding (Post-Issue) | 2,21,56,289 shares |
| Total Issue Size | 50,56,179 shares (aggregating up to ₹450.00 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | 31,46,067 shares of ₹10 (aggregating up to ₹280.00 Cr) |
| 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 | 16 | ₹14,240 |
| Retail (Max) | 14 | 224 | ₹1,99,360 |
| S-HNI (Min) | 15 | 240 | ₹2,13,600 |
| S-HNI (Max) | 70 | 1120 | ₹9,96,800 |
| B-HNI (Min) | 71 | 1136 | ₹10,11,040 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 25,28,089 (50.00%) | |
| NII (HNI) Shares Offered | 7,58,427 (15.00%) | |
| Retail Shares Offered | 17,69,663 (35.00%) | 1,10,603 |
| Total Shares Offered | 50,56,179 (100.00%) |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 30/03/2025 | - | 51.67 | - | 276.7 |
| KPI | Values |
|---|---|
| ROE | 35.76% |
| ROCE | 37.38% |
| Debt/Equity | 0.30 |
| RoNW | 30.12% |
| PAT Margin | 20.34% |
| EBITDA Margin | 33.13% |
| Price to Book Value | 10.50 |
| type | pre_ipo | post_ipo |
|---|---|---|
| EPS Rs | 25.52 | 23.32 |
| P/E (x) | 34.88 | 38.17 |
| 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) | 10,63,829 | 3,76,10,352 | 35.35 |
| 1(a) | foreign institutional investors (fiis) | - | 78,55,600 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 2,26,49,376 | - |
| 1(c) | mutual funds | - | 4,73,520 | - |
| 1(d) | others | - | 66,31,856 | - |
| 2 | non institutional investors(niis) | 7,97,873 | 2,83,06,272 | 35.48 |
| 2.1 | non institutional investors(bid amount of more than ten lakh rupees) | 5,31,916 | 1,79,96,512 | 33.83 |
| 2.1(a) | corporates | - | 10,37,120 | - |
| 2.1(b) | individuals (other than riis) | - | 1,61,32,128 | - |
| 2.1(c) | others | - | 8,27,264 | - |
| 2.2 | non institutional investors(bid amount of more than two lakh rupees and upto 10 lakh rupees) | 2,65,957 | 1,03,09,760 | 38.76 |
| 2.2(a) | corporates | - | 56,464 | - |
| 2.2(b) | individuals (other than riis) | - | 97,48,880 | - |
| 2.2(c) | others | - | 5,04,416 | - |
| 3 | retail individual investors (riis) | 18,61,702 | 1,62,14,688 | 8.71 |
| 3(a) | cut off | - | 1,29,45,904 | - |
| 3(b) | price bids | - | 32,68,784 | - |
| 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 | 37,23,404 | 8,21,31,312 | 22.06 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
30/09/2025
Listing |
890.00 | Rs. 43 no-change | 23.2x | 500/7500 | 933 (4.83) | Rs. 688 | 30/9/2025, 9:36:00 am |
|
29/09/2025
|
890.00 | Rs. 43 down | 23.2x | 500/7500 | 933 (4.83) | Rs. 688 | 29/9/2025, 11:37:00 pm |
|
28/09/2025
|
890.00 | Rs. 45 down | 23.2x | 500/7500 | 935 (5.06) | Rs. 720 | 28/9/2025, 11:28:00 pm |
|
27/09/2025
|
890.00 | Rs. 52 up | 23.2x | 600/9000 | 942 (5.84) | Rs. 832 | 27/9/2025, 11:35:00 pm |
|
26/09/2025
Allotment |
890.00 | Rs. 48 down | 23.2x | 600/9000 | 938 (5.39) | Rs. 768 | 26/9/2025, 11:30:00 pm |
|
25/09/2025
Close |
890.00 | Rs. 73 down | 23.2x | 900/13500 | 963 (8.2) | Rs. 1168 | 25/9/2025, 11:34:00 pm |
|
24/09/2025
|
890.00 | Rs. 106 down | 2.05x | 1300/19500 | 996 (11.91) | Rs. 1696 | 24/9/2025, 11:37:00 pm |
|
23/09/2025
Open |
890.00 | Rs. 123 up | 0.92x | 1500/22500 | 1013 (13.82) | Rs. 1968 | 23/9/2025, 11:32:00 pm |
|
22/09/2025
|
890.00 | Rs. 122 up | 1500/22500 | 1012 (13.71) | Rs. 1952 | 22/9/2025, 11:34:00 pm | |
|
21/09/2025
|
890.00 | Rs. 109 up | 1300/19500 | 999 (12.25) | Rs. 1744 | 21/9/2025, 11:30:00 pm | |
|
20/09/2025
|
890.00 | Rs. 105 up | 1300/19500 | 995 (11.8) | Rs. 1680 | 20/9/2025, 11:29:00 pm | |
|
19/09/2025
|
890.00 | Rs. 104 up | 1300/19500 | 994 (11.69) | Rs. 1664 | 19/9/2025, 11:33:00 pm | |
|
18/09/2025
|
890.00 | Rs. 100 up | 1200/18000 | 990 (11.24) | Rs. 1600 | 18/9/2025, 11:37:00 pm | |
|
17/09/2025
|
Rs. 0 no-change | -- | (0) | Rs. 0 | 17/9/2025, 5:55:00 am | ||
|
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, 10:29:00 pm |