| IPO Date | November 7, 2025 to November 11, 2025 |
|---|---|
| Face Value | ₹1 per share |
| Issue Price Band | ₹210 to ₹221 per share |
| Lot Size | 67 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 1,05,41,46,853 shares |
| Share Holding (Post-Issue) | 1,14,82,64,500 shares |
| Total Issue Size | 17,64,66,426 shares (aggregating up to ₹3,899.91 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | 8,23,48,779 shares of ₹1 (aggregating up to ₹1,819.91 Cr) |
| Fresh Issue (ex Market Maker) | - |
Date: Thursday, 6 November 2025
IPO subscription opens for investorsDate: Monday, 10 November 2025
Last date for IPO subscriptionDate: Tuesday, 11 November 2025
Expected date for share allotmentDate: Wednesday, 12 November 2025
Refunds initiated for unsuccessful applicationsDate: Wednesday, 12 November 2025
Shares credited to demat accountsDate: Thursday, 13 November 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Tue, Nov 11, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 67 | ₹14,807 |
| Retail (Max) | 13 | 871 | ₹1,92,491 |
| S-HNI (Min) | 14 | 938 | ₹2,07,298 |
| S-HNI (Max) | 67 | 4489 | ₹9,92,069 |
| B-HNI (Min) | 68 | 4556 | ₹10,06,876 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | At least 75% of the Net Offer | - |
| Retail Shares Offered | Not more than 10% of the Net Offer | - |
| NII Shares Offered | Not more than 15% of the Net Offer | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/06/2025 | - | 4.79 | 2327.55 | 10904.32 |
| 30/03/2025 | - | -145.49 | -2244.27 | 10715.74 |
| 30/03/2024 | - | -341.9 | -2035.24 | 9648.56 |
| 30/03/2023 | - | -265.15 | -1764.77 | 9363.21 |
| KPI | Values |
|---|---|
| RoNW | -4.15% |
| EBITDA Margin | 15.68% |
| Price to Book Value | -9.85 |
| Market Capitalization | 25376.65 |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | -1.38 | 0.17 |
| - | -160.13 | 1325.57 |
| 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) | 5,24,42,127 | 20,97,92,544 | 4.00 |
| 1(a) | foreign institutional investors (fiis) | - | 8,69,32,768 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 1,33,67,036 | - |
| 1(c) | mutual funds | - | 10,84,64,290 | - |
| 1(d) | others | - | 10,28,450 | - |
| 2 | non institutional investors(niis) | 2,71,91,602 | 80,30,754 | 0.30 |
| 2.1 | non institutional investors(bid amount of more than ten lakh rupees) | 1,81,27,735 | 43,66,323 | 0.24 |
| 2.1(a) | corporates | - | 3,47,931 | - |
| 2.1(b) | individuals (other than riis) | - | 38,62,550 | - |
| 2.1(c) | others | - | 1,55,842 | - |
| 2.2 | non institutional investors(bid amount of more than two lakh rupees and upto 10 lakh rupees) | 90,63,867 | 36,64,431 | 0.40 |
| 2.2(a) | corporates | - | 49,982 | - |
| 2.2(b) | individuals (other than riis) | - | 35,60,313 | - |
| 2.2(c) | others | - | 54,136 | - |
| 3 | retail individual investors (riis) | 1,81,27,735 | 2,21,42,830 | 1.22 |
| 3(a) | cut off | - | 1,90,27,464 | - |
| 3(b) | price bids | - | 31,15,366 | - |
| 4 | employee reserved | 1,32,275 | 9,72,706 | 7.35 |
| 4(a) | employee (cut off) | - | 7,43,968 | - |
| 4(b) | employee (price) | - | 2,28,738 | - |
| 5 | reservation portionshareholder | - | - | - |
| 5(a) | rps (cut off) | - | - | - |
| 5(b) | rps (price) | - | - | - |
| total | 9,78,93,739 | 24,09,38,834 | 2.46 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
13/11/2025
|
221.00 | Rs. 5.5 down | 2.48x | 300/4200 | 226.5 (2.49) | Rs. 368.5 | 13/11/2025, 11:33:00 pm |
|
12/11/2025
Allotment |
221.00 | Rs. 6.5 up | 2.48x | 300/4200 | 227.5 (2.94) | Rs. 435.5 | 12/11/2025, 11:35:00 pm |
|
11/11/2025
Close |
221.00 | Rs. 1 up | 2.48x | 100/1400 | 222 (0.45) | Rs. 67 | 11/11/2025, 11:36:00 pm |
|
10/11/2025
|
221.00 | Rs. 0 down | 0.55x | -- | 221 (0) | Rs. 0 | 10/11/2025, 11:36:00 pm |
|
09/11/2025
|
221.00 | Rs. 4 no-change | 0.13x | 200/2800 | 225 (1.81) | Rs. 268 | 9/11/2025, 11:38:00 pm |
|
08/11/2025
|
221.00 | Rs. 4 down | 0.13x | 200/2800 | 225 (1.81) | Rs. 268 | 8/11/2025, 11:33:00 pm |
|
07/11/2025
Open |
221.00 | Rs. 5.5 down | 0.13x | 300/4200 | 226.5 (2.49) | Rs. 368.5 | 7/11/2025, 11:34:00 pm |
|
06/11/2025
|
221.00 | Rs. 12 down | 600/8400 | 233 (5.43) | Rs. 804 | 6/11/2025, 11:29:00 pm | |
|
05/11/2025
|
221.00 | Rs. 17 down | 900/12600 | 238 (7.69) | Rs. 1139 | 5/11/2025, 11:35:00 pm | |
|
04/11/2025
|
221.00 | Rs. 22 down | 1100/15400 | 243 (9.95) | Rs. 1474 | 4/11/2025, 11:32:00 pm | |
|
03/11/2025
|
221.00 | Rs. 35 down | 1800/25200 | 256 (15.84) | Rs. 2345 | 3/11/2025, 11:30:00 pm | |
|
01/11/2025
|
0 | Rs. 60 no-change | -- | 60 (0) | Rs. 0 | 1/11/2025, 3:56:00 pm |