| IPO Date | November 11, 2025 to November 13, 2025 |
|---|---|
| Face Value | ₹2 per share |
| Issue Price Band | ₹206 to ₹217 per share |
| Lot Size | 69 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 59,35,49,550 shares |
| Share Holding (Post-Issue) | 69,23,45,033 shares |
| Total Issue Size | 13,36,40,552 shares (aggregating up to ₹2,900.00 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | 3,48,45,069 shares of ₹2 (aggregating up to ₹756.14 Cr) |
| Fresh Issue (ex Market Maker) | - |
Date: Monday, 10 November 2025
IPO subscription opens for investorsDate: Wednesday, 12 November 2025
Last date for IPO subscriptionDate: Thursday, 13 November 2025
Expected date for share allotmentDate: Sunday, 16 November 2025
Refunds initiated for unsuccessful applicationsDate: Sunday, 16 November 2025
Shares credited to demat accountsDate: Monday, 17 November 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Thu, Nov 13, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 69 | ₹14,973 |
| Retail (Max) | 13 | 897 | ₹1,94,649 |
| S-HNI (Min) | 14 | 966 | ₹2,09,622 |
| S-HNI (Max) | 66 | 4554 | ₹9,88,218 |
| B-HNI (Min) | 67 | 4623 | ₹10,03,191 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | Not less than 75% of the Net Issue | - |
| Retail Shares Offered | Not more than 10% of the Net Issue | - |
| NII Shares Offered | Not more than 15% of the Net Issue | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/06/2025 | - | 187.68 | 718.79 | 4347.72 |
| 30/03/2025 | - | 369.01 | 531.41 | 3913.94 |
| 30/03/2024 | - | 28.9 | 162.77 | 2189.99 |
| 30/03/2023 | - | 8.97 | 133.97 | 840.79 |
| KPI | Values |
|---|---|
| ROE | 104.60% |
| ROCE | 23.33% |
| Debt/Equity | 3.63 |
| RoNW | 69.44% |
| PAT Margin | 15.80% |
| EBITDA Margin | 30.91% |
| Price to Book Value | 24.25 |
| Market Capitalization | 15023.89 |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 6.22 | 10.84 |
| - | 34.9 | 20.01 |
| 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) | 4,22,33,010 | 5,31,96,792 | 1.26 |
| 1(a) | foreign institutional investors (fiis) | - | 2,75,37,003 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 77,96,931 | - |
| 1(c) | mutual funds | - | 1,63,12,842 | - |
| 1(d) | others | - | 15,50,016 | - |
| 2 | non institutional investors(niis) | 2,11,16,504 | 63,22,194 | 0.30 |
| 2.1 | non institutional investors(bid amount of more than ten lakh rupees) | 1,40,77,670 | 27,05,697 | 0.19 |
| 2.1(a) | corporates | - | 2,21,145 | - |
| 2.1(b) | individuals (other than riis) | - | 24,61,437 | - |
| 2.1(c) | others | - | 23,115 | - |
| 2.2 | non institutional investors(bid amount of more than two lakh rupees and upto 10 lakh rupees) | 70,38,834 | 36,16,497 | 0.51 |
| 2.2(a) | corporates | - | 29,601 | - |
| 2.2(b) | individuals (other than riis) | - | 34,63,041 | - |
| 2.2(c) | others | - | 1,23,855 | - |
| 3 | retail individual investors (riis) | 1,40,77,669 | 1,55,25,552 | 1.10 |
| 3(a) | cut off | - | 1,31,86,521 | - |
| 3(b) | price bids | - | 23,39,031 | - |
| 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 | 7,74,27,183 | 7,50,44,538 | 0.97 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
17/11/2025
|
217.00 | Rs. 0 no-change | - | -- | 217 (0) | Rs. 0 | 17/11/2025, 4:30:00 pm |
|
16/11/2025
|
217.00 | Rs. 0 no-change | - | -- | 217 (0) | Rs. 0 | 16/11/2025, 11:37:00 pm |
|
15/11/2025
|
217.00 | Rs. 0 no-change | - | -- | 217 (0) | Rs. 0 | 15/11/2025, 11:30:00 pm |
|
14/11/2025
Allotment |
217.00 | Rs. 0 no-change | - | -- | 217 (0) | Rs. 0 | 14/11/2025, 11:36:00 pm |
|
13/11/2025
Close |
217.00 | Rs. 0 down | - | -- | 217 (0) | Rs. 0 | 13/11/2025, 11:37:00 pm |
|
12/11/2025
|
217.00 | Rs. 3 down | - | 200/2800 | 220 (1.38) | Rs. 207 | 12/11/2025, 11:30:00 pm |
|
11/11/2025
Open |
217.00 | Rs. 5 down | - | 300/4200 | 222 (2.3) | Rs. 345 | 11/11/2025, 11:28:00 pm |
|
10/11/2025
|
217.00 | Rs. 20 no-change | - | 1000/14000 | 237 (9.22) | Rs. 1380 | 10/11/2025, 11:29:00 pm |
|
09/11/2025
|
217.00 | Rs. 20 no-change | - | 1000/14000 | 237 (9.22) | Rs. 1380 | 9/11/2025, 11:38:00 pm |
|
08/11/2025
|
217.00 | Rs. 20 no-change | - | 1000/14000 | 237 (9.22) | Rs. 1380 | 8/11/2025, 11:35:00 pm |
|
07/11/2025
|
217.00 | Rs. 20 no-change | - | 1000/14000 | 237 (9.22) | Rs. 1380 | 7/11/2025, 11:32:00 pm |
|
06/11/2025
|
217.00 | Rs. 20 up | - | 1000/14000 | 237 (9.22) | Rs. 1380 | 6/11/2025, 11:34:00 pm |
|
05/11/2025
|
0 | Rs. 20 no-change | - | -- | 20 (0) | Rs. 0 | 5/11/2025, 11:31:00 pm |