| IPO Date | November 26, 2025 to November 28, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹111 to ₹117 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding (Pre-Issue) | 98,27,820 shares |
| Share Holding (Post-Issue) | 1,25,35,020 shares |
| Total Issue Size | 33,84,000 shares (aggregating up to ₹39.59 Cr) |
| Reserved for Market Maker | 2,43,600 shares (aggregating up to ₹2.85 Cr) |
| Net Offered to Public | 31,40,400 shares (aggregating up to ₹36.74 Cr) |
| Offer for Sale | 6,76,800 shares of ₹10 (aggregating up to ₹7.92 Cr) |
| Fresh Issue (ex Market Maker) | 24,63,600 shares (aggregating up to ₹28.82 Cr) |
Date: Tuesday, 25 November 2025
IPO subscription opens for investorsDate: Thursday, 27 November 2025
Last date for IPO subscriptionDate: Sunday, 30 November 2025
Expected date for share allotmentDate: Monday, 1 December 2025
Refunds initiated for unsuccessful applicationsDate: Monday, 1 December 2025
Shares credited to demat accountsDate: Tuesday, 2 December 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Fri, Nov 28, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2400 | ₹2,80,800 |
| Individual investors (Retail) (Max) | 2 | 2400 | ₹2,80,800 |
| S-HNI (Min) | 3 | 3600 | ₹4,21,200 |
| S-HNI (Max) | 7 | 8400 | ₹9,82,800 |
| B-HNI (Min) | 8 | 9600 | ₹11,23,200 |
| 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 Issue | - |
| NII Shares Offered | Not less than 15% of the Net Issue | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 30/03/2025 | - | 6.47 | 24.89 | 70.86 |
| 30/03/2024 | - | 4.78 | 10.44 | 47.78 |
| 30/03/2023 | - | 1.2 | 5.66 | 43.99 |
| KPI | Values |
|---|---|
| ROE | 36.64% |
| ROCE | 20.63% |
| RoNW | 26% |
| PAT Margin | 7.17% |
| EBITDA Margin | 11.32% |
| Price to Book Value | 2.30 |
| Market Capitalization | ₹146.66 Cr. |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 6.58 | 5.16 |
| - | 17.77 | 22.67 |
| 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) | 6,30,000 | 63,62,400 | 10.10 |
| 1(a) | foreign institutional investors (fiis) | - | 56,74,800 | - |
| 1(b) | domestic financial institutions (banks/ financial institutions(fis)/ insurance companies) | - | - | - |
| 1(c) | mutual funds | - | - | - |
| 1(d) | others | - | 6,87,600 | - |
| 2 | non institutional investors | 7,15,200 | 1,64,71,200 | 23.03 |
| 2.1 | non-institutional investors (bid amount of more than ten lakh rupees) | 3,13,200 | 1,38,19,200 | 44.12 |
| 2.1(a) | corporates | - | 2,72,400 | - |
| 2.1(b) | individuals | - | 1,35,08,400 | - |
| 2.1(c) | others | - | 38,400 | - |
| 2.2 | non-institutional investors (bid amount upto ten lakh rupees) | 1,58,400 | 26,52,000 | 16.74 |
| 2.2(a) | corporates | - | 1,87,200 | - |
| 2.2(b) | individuals (ind category bidding for more than 2 lots ) | - | 21,18,000 | - |
| 2.2(c) | others | - | 3,46,800 | - |
| 3 | individual investors (ind category bidding for 2 lots) | 10,99,200 | 1,24,36,800 | 11.31 |
| 3(a) | price bids | - | 1,24,36,800 | - |
| 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 | 24,44,400 | 3,52,70,400 | 14.43 | |
| 0 | Anchor Investors | 1111 | 123 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
02/12/2025
|
117.00 | Rs. 0 no-change | 15.92x | -- | 117 (0) | Rs. 0 | 2/12/2025, 11:29:00 pm |
|
01/12/2025
Allotment |
117.00 | Rs. 0 no-change | 15.92x | -- | 117 (0) | Rs. 0 | 1/12/2025, 11:35:00 pm |
|
30/11/2025
|
117.00 | Rs. 0 no-change | 15.92x | -- | 117 (0) | Rs. 0 | 30/11/2025, 11:31:00 pm |
|
29/11/2025
|
117.00 | Rs. 0 no-change | 15.92x | -- | 117 (0) | Rs. 0 | 29/11/2025, 11:36:00 pm |
|
28/11/2025
Close |
117.00 | Rs. 0 no-change | 15.92x | -- | 117 (0) | Rs. 0 | 28/11/2025, 11:30:00 pm |
|
27/11/2025
|
117.00 | Rs. 0 no-change | 1.34x | -- | 117 (0) | Rs. 0 | 27/11/2025, 11:33:00 pm |
|
26/11/2025
Open |
117.00 | Rs. 0 no-change | 1.02x | -- | 117 (0) | Rs. 0 | 26/11/2025, 11:33:00 pm |
|
25/11/2025
|
117.00 | Rs. 0 no-change | -- | 117 (0) | Rs. 0 | 25/11/2025, 11:32:00 pm | |
|
24/11/2025
|
117.00 | Rs. 0 no-change | -- | 117 (0) | Rs. 0 | 24/11/2025, 11:33:00 pm | |
|
23/11/2025
|
117.00 | Rs. 0 no-change | -- | 117 (0) | Rs. 0 | 23/11/2025, 11:28:00 pm | |
|
22/11/2025
|
117.00 | Rs. 0 no-change | -- | 117 (0) | Rs. 0 | 22/11/2025, 11:35:00 pm | |
|
21/11/2025
|
117.00 | Rs. 0 no-change | -- | 117 (0) | Rs. 0 | 21/11/2025, 11:31:00 pm |