| IPO Date | September 22, 2025 to September 24, 2025 |
|---|---|
| Face Value | ₹2 per share |
| Issue Price Band | ₹718 to ₹754 per share |
| Lot Size | 19 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 7,15,84,800 shares |
| Share Holding (Post-Issue) | 7,68,89,839 shares |
| Total Issue Size | 91,15,934 shares (aggregating up to ₹687.34 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | 38,10,895 shares of ₹2 (aggregating up to ₹287.34 Cr) |
| Fresh Issue (ex Market Maker) | - |
Date: Sunday, 21 September 2025
IPO subscription opens for investorsDate: Tuesday, 23 September 2025
Last date for IPO subscriptionDate: Wednesday, 24 September 2025
Expected date for share allotmentDate: Thursday, 25 September 2025
Refunds initiated for unsuccessful applicationsDate: Thursday, 25 September 2025
Shares credited to demat accountsDate: Sunday, 28 September 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Wed, Sep 24, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 19 | ₹14,326 |
| Retail (Max) | 13 | 247 | ₹1,86,238 |
| S-HNI (Min) | 14 | 266 | ₹2,00,564 |
| S-HNI (Max) | 69 | 1311 | ₹9,88,494 |
| B-HNI (Min) | 70 | 1330 | ₹10,02,820 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 45,21,418 (49.60%) | |
| NII (HNI) Shares Offered | 13,56,426 (14.88%) | |
| Retail Shares Offered | 31,64,992 (34.72%) | 1,66,578 |
| Employee Shares Offered | 73,099 (0.80%) | |
| Total Shares Offered | 91,15,935 (100.00%) |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 30/03/2025 | - | 118.65 | - | 866.19 |
| 30/03/2024 | - | 63.36 | - | 559.25 |
| 30/03/2023 | - | 87.54 | - | 560.76 |
| KPI | Values |
|---|---|
| ROE | 33.91% |
| ROCE | 39.43% |
| Debt/Equity | 0.40 |
| RoNW | 33.91% |
| PAT Margin | 9.54% |
| EBITDA Margin | 16.07% |
| Price to Book Value | 23.62 |
| type | pre_ipo | post_ipo |
|---|---|---|
| EPS Rs | 16.57 | |
| P/E (x) | 46.33 |
| 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) | 18,05,134 | 35,18,58,587 | 194.92 |
| 1(a) | foreign institutional investors (fiis) | - | 10,74,37,970 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 16,82,37,001 | - |
| 1(c) | mutual funds | - | 1,75,95,539 | - |
| 1(d) | others | - | 5,85,88,077 | - |
| 2 | non institutional investors(niis) | 13,96,844 | 7,57,15,912 | 54.21 |
| 2.1 | non institutional investors(bid amount of more than ten lakh rupees) | 9,31,230 | 5,26,70,755 | 56.56 |
| 2.1(a) | corporates | - | 6,94,526 | - |
| 2.1(b) | individuals (other than riis) | - | 4,96,67,767 | - |
| 2.1(c) | others | - | 23,08,462 | - |
| 2.2 | non institutional investors(bid amount of more than two lakh rupees and upto 10 lakh rupees) | 4,65,614 | 2,30,45,157 | 49.49 |
| 2.2(a) | corporates | - | 72,694 | - |
| 2.2(b) | individuals (other than riis) | - | 2,17,59,655 | - |
| 2.2(c) | others | - | 12,12,808 | - |
| 3 | retail individual investors (riis) | 32,59,301 | 3,39,59,707 | 10.42 |
| 3(a) | cut off | - | 2,70,23,985 | - |
| 3(b) | price bids | - | 69,35,722 | - |
| 4 | employee reserved | 77,160 | 2,53,536 | 3.29 |
| 4(a) | employee (cut off) | - | 1,83,654 | - |
| 4(b) | employee (price) | - | 69,882 | - |
| 5 | reservation portionshareholder | - | - | - |
| 5(a) | rps (cut off) | - | - | - |
| 5(b) | rps (price) | - | - | - |
| total | 65,38,439 | 46,17,87,742 | 70.63 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
29/09/2025
Listing |
754.00 | Rs. 114 no-change | 72.16x | 1600/22400 | 868 (15.12) | Rs. 2166 | 29/9/2025, 9:29:00 am |
|
28/09/2025
|
754.00 | Rs. 114 down | 72.16x | 1600/22400 | 868 (15.12) | Rs. 2166 | 28/9/2025, 11:28:00 pm |
|
27/09/2025
|
754.00 | Rs. 115 up | 72.16x | 1700/23800 | 869 (15.25) | Rs. 2185 | 27/9/2025, 11:28:00 pm |
|
26/09/2025
|
754.00 | Rs. 100 up | 72.16x | 1400/19600 | 854 (13.26) | Rs. 1900 | 26/9/2025, 11:33:00 pm |
|
25/09/2025
Allotment |
754.00 | Rs. 95 down | 72.16x | 1400/19600 | 849 (12.6) | Rs. 1805 | 25/9/2025, 11:28:00 pm |
|
24/09/2025
Close |
754.00 | Rs. 116 down | 72.16x | 1700/23800 | 870 (15.38) | Rs. 2204 | 24/9/2025, 11:29:00 pm |
|
23/09/2025
|
754.00 | Rs. 135 up | 3.15x | 1900/26600 | 889 (17.9) | Rs. 2565 | 23/9/2025, 11:36:00 pm |
|
22/09/2025
Open |
754.00 | Rs. 95 down | 1x | 1400/19600 | 849 (12.6) | Rs. 1805 | 22/9/2025, 11:37:00 pm |
|
21/09/2025
|
754.00 | Rs. 142 up | 2100/29400 | 896 (18.83) | Rs. 2698 | 21/9/2025, 11:33:00 pm | |
|
20/09/2025
|
754.00 | Rs. 137 down | 2000/28000 | 891 (18.17) | Rs. 2603 | 20/9/2025, 11:37:00 pm | |
|
19/09/2025
|
754.00 | Rs. 144 up | 2100/29400 | 898 (19.1) | Rs. 2736 | 19/9/2025, 11:37:00 pm | |
|
18/09/2025
|
754.00 | Rs. 125 up | 1800/25200 | 879 (16.58) | Rs. 2375 | 18/9/2025, 11:37:00 pm | |
|
17/09/2025
|
754.00 | Rs. 0 no-change | -- | 754 (0) | Rs. 0 | 17/9/2025, 11:30:00 pm |