| IPO Date | December 5, 2025 to December 9, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹190 to ₹194 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding (Pre-Issue) | 1,43,43,201 shares |
| Share Holding (Post-Issue) | 1,88,53,510 shares |
| Total Issue Size | 53,10,309 shares (aggregating up to ₹103.02 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | 8,00,000 shares of ₹10 (aggregating up to ₹15.52 Cr) |
| Fresh Issue (ex Market Maker) | - |
Date: Thursday, 4 December 2025
IPO subscription opens for investorsDate: Monday, 8 December 2025
Last date for IPO subscriptionDate: Tuesday, 9 December 2025
Expected date for share allotmentDate: Wednesday, 10 December 2025
Refunds initiated for unsuccessful applicationsDate: Wednesday, 10 December 2025
Shares credited to demat accountsDate: Thursday, 11 December 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Tue, Dec 9, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1200 | ₹2,32,800 |
| Individual investors (Retail) (Max) | 2 | 1200 | ₹2,32,800 |
| S-HNI (Min) | 3 | 1800 | ₹3,49,200 |
| S-HNI (Max) | 8 | 4800 | ₹9,31,200 |
| B-HNI (Min) | 9 | 5400 | ₹10,47,600 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer | - |
| Retail Shares Offered | Not less than 35% of the Net Offer | - |
| NII Shares Offered | Not less than 15% of the Net Offer | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| Invalid Date | - | 10.35 | 57.74 | 122.81 |
| Invalid Date | - | 11.5 | 42.72 | 93.55 |
| Invalid Date | - | 5.41 | 11.32 | 45.15 |
| KPI | Values |
|---|---|
| ROE | 42.57 |
| ROCE | 25.71 |
| Debt/Equity | 0.75 |
| RoNW | 26.92% |
| PAT Margin | 8.46% |
| EBITDA Margin | 12.61% |
| Price to Book Value | 5.37 |
| Market Capitalization | ₹365.76 Cr. |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 8.02 | 10.98 |
| - | 24.19 | 17.67 |
| 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) | 10,57,800 | 2,91,46,800 | 27.55 |
| 1(a) | foreign institutional investors (fiis) | - | 77,91,600 | - |
| 1(b) | domestic financial institutions (banks/ financial institutions(fis)/ insurance companies) | - | 5,21,400 | - |
| 1(c) | mutual funds | - | - | - |
| 1(d) | others | - | 2,08,33,800 | - |
| 2 | non institutional investors | 10,38,600 | 3,71,41,800 | 35.76 |
| 2.1 | non-institutional investors (bid amount of more than ten lakh rupees) | 5,12,400 | 3,01,00,200 | 58.74 |
| 2.1(a) | corporates | - | 13,30,800 | - |
| 2.1(b) | individuals | - | 2,84,52,000 | - |
| 2.1(c) | others | - | 3,17,400 | - |
| 2.2 | non-institutional investors (bid amount upto ten lakh rupees) | 2,56,200 | 70,41,600 | 27.48 |
| 2.2(a) | corporates | - | 2,19,600 | - |
| 2.2(b) | individuals (ind category bidding for more than 2 lots ) | - | 66,78,000 | - |
| 2.2(c) | others | - | 1,44,000 | - |
| 3 | individual investors (ind category bidding for 2 lots) | 17,94,000 | 3,86,37,600 | 21.54 |
| 3(a) | price bids | - | 3,86,37,600 | - |
| 4 | eligible employees (emp) | - | - | - |
| 4(a) | price bids | - | - | - |
| 5 | eligible share holders (sha) | - | - | - |
| 5(a) | price bids | - | - | - |
| 6 | eligible policy holders (pol) | - | - | - |
| 6(a) | price bids | - | - | - |
| total | 38,90,400 | 10,49,26,200 | 26.97 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
11/12/2025
|
194.00 | Rs. 17 down | 28.91x | 7800 | 211 (8.76) | Rs. 10200 | 11/12/2025, 11:37:00 pm |
|
10/12/2025
Allotment |
194.00 | Rs. 26 no-change | 28.91x | 11900 | 220 (13.4) | Rs. 15600 | 10/12/2025, 11:34:00 pm |
|
09/12/2025
Close |
194.00 | Rs. 26 up | 28.91x | 11900 | 220 (13.4) | Rs. 15600 | 9/12/2025, 8:47:00 pm |
|
08/12/2025
|
194.00 | Rs. 23 down | 2.94x | 10500 | 217 (11.86) | Rs. 13800 | 8/12/2025, 4:59:00 pm |
|
07/12/2025
|
194.00 | Rs. 30 down | 1.95x | 13700 | 224 (15.46) | Rs. 18000 | 7/12/2025, 11:37:00 pm |
|
06/12/2025
|
194.00 | Rs. 35 no-change | 1.95x | 16000 | 229 (18.04) | Rs. 21000 | 6/12/2025, 11:37:00 pm |
|
05/12/2025
Open |
194.00 | Rs. 35 up | 1.95x | 16000 | 229 (18.04) | Rs. 21000 | 5/12/2025, 11:36:00 pm |
|
04/12/2025
|
194.00 | Rs. 25 up | 11400 | 219 (12.89) | Rs. 15000 | 4/12/2025, 11:29:00 pm | |
|
03/12/2025
|
194.00 | Rs. 0 no-change | -- | 194 (0) | Rs. 0 | 3/12/2025, 11:32:00 pm | |
|
02/12/2025
|
194.00 | Rs. 0 no-change | -- | 194 (0) | Rs. 0 | 2/12/2025, 11:29:00 pm | |
|
01/12/2025
|
Rs. 0 no-change | -- | (0) | Rs. 0 | 1/12/2025, 5:55:00 am | ||
|
30/11/2025
|
Rs. 0 no-change | -- | (0) | Rs. 0 | 30/11/2025, 5:55:00 am | ||
|
29/11/2025
|
Rs. 0 no-change | -- | (0) | Rs. 0 | 29/11/2025, 5:55:00 am | ||
|
28/11/2025
|
Rs. 0 no-change | -- | () | Rs. 0 | 28/11/2025, 3:10:00 pm |