| IPO Date | September 30, 2025 to October 14, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹88 to ₹91 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding (Pre-Issue) | 1,50,58,148 shares |
| Share Holding (Post-Issue) | 2,14,08,548 shares |
| Total Issue Size | 63,50,400 shares (aggregating up to ₹57.79 Cr) |
| Reserved for Market Maker | 3,24,000 shares (aggregating up to ₹2.95 Cr)Aftertrade Broking Pvt.Ltd. |
| Net Offered to Public | 60,26,400 shares (aggregating up to ₹54.84 Cr) |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Monday, 29 September 2025
IPO subscription opens for investorsDate: Monday, 13 October 2025
Last date for IPO subscriptionDate: Tuesday, 14 October 2025
Expected date for share allotmentDate: Wednesday, 15 October 2025
Refunds initiated for unsuccessful applicationsDate: Wednesday, 15 October 2025
Shares credited to demat accountsDate: Thursday, 16 October 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Tue, Oct 14, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2400 | ₹2,18,400 |
| Individual investors (Retail) (Max) | 2 | 2400 | ₹2,18,400 |
| S-HNI (Min) | 3 | 3600 | ₹3,27,600 |
| S-HNI (Max) | 9 | 10800 | ₹9,82,800 |
| B-HNI (Min) | 10 | 12000 | ₹10,92,000 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 3,24,000 (5.10%) | - |
| QIB Shares Offered | 6,03,600 (9.50%) | - |
| NII (HNI) Shares Offered | 16,26,000 (25.60%) | - |
| − bNII > ₹10L | 10,83,600 (17.06%) | - |
| − sNII < ₹10L | 5,42,400 (8.54%) | - |
| Retail Shares Offered | 37,96,800 (59.79%) | - |
| Total Shares Offered | 63,50,400 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 30/03/2025 | - | 10.01 | 27.19 | 91.58 |
| 30/03/2024 | - | 4.92 | 17.57 | 67.19 |
| 30/03/2023 | - | 0.6 | 8.59 | 38.77 |
| KPI | Values |
|---|---|
| ROE | 36.82% |
| ROCE | 36.14% |
| Debt/Equity | 1.02 |
| RoNW | 36.73% |
| PAT Margin | 9.68% |
| EBITDA Margin | 18.05% |
| Price to Book Value | 5.04 |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 6.65 | 4.68 |
| - | 13.69 | 19.46 |
| 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) | 6,03,600 | 6,14,400 | 1.02 |
| 1(a) | foreign institutional investors (fiis) | - | 6,14,400 | - |
| 1(b) | domestic financial institutions (banks/ financial institutions(fis)/ insurance companies) | - | - | - |
| 1(c) | mutual funds | - | - | - |
| 1(d) | others | - | - | - |
| 2 | non institutional investors | 19,50,000 | 39,66,000 | 2.03 |
| 2.1 | non-institutional investors (bid amount of more than ten lakh rupees) | 10,83,600 | 36,72,000 | 3.39 |
| 2.1(a) | corporates | - | 9,30,000 | - |
| 2.1(b) | individuals | - | 27,42,000 | - |
| 2.1(c) | others | - | - | - |
| 2.2 | non-institutional investors (bid amount upto ten lakh rupees) | 5,42,400 | 2,94,000 | 0.54 |
| 2.2(a) | corporates | - | - | - |
| 2.2(b) | individuals (ind category bidding for more than 2 lots ) | - | 2,90,400 | - |
| 2.2(c) | others | - | 3,600 | - |
| 3 | individual investors (ind category bidding for 2 lots) | 37,96,800 | 24,91,200 | 0.66 |
| 3(a) | price bids | - | 24,91,200 | - |
| 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 | 63,50,400 | 70,71,600 | 1.11 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
16/10/2025
|
91.00 | Rs. 0 no-change | 1.12x | -- | 91 (0) | Rs. 0 | 16/10/2025, 11:01:00 am |
|
15/10/2025
Allotment |
91.00 | Rs. 0 no-change | 1.12x | -- | 91 (0) | Rs. 0 | 15/10/2025, 11:28:00 pm |
|
14/10/2025
Close |
91.00 | Rs. 0 no-change | 1.12x | -- | 91 (0) | Rs. 0 | 14/10/2025, 11:28:00 pm |
|
13/10/2025
|
91.00 | Rs. 0 no-change | 0.6x | -- | 91 (0) | Rs. 0 | 13/10/2025, 11:36:00 pm |
|
13/10/2025
|
91.00 | Rs. 0 no-change | 0.8x | -- | 91 (0) | Rs. 0 | 13/10/2025, 11:36:00 pm |
|
12/10/2025
|
91.00 | Rs. 0 no-change | 0.6x | -- | 91 (0) | Rs. 0 | 12/10/2025, 11:31:00 pm |
|
11/10/2025
|
91.00 | Rs. 0 no-change | 0.6x | -- | 91 (0) | Rs. 0 | 11/10/2025, 11:28:00 pm |
|
10/10/2025
|
91.00 | Rs. 0 no-change | 0.6x | -- | 91 (0) | Rs. 0 | 10/10/2025, 11:35:00 pm |
|
09/10/2025
|
95.00 | Rs. 0 no-change | 0.58x | -- | 95 (0) | Rs. 0 | 9/10/2025, 11:37:00 pm |
|
08/10/2025
|
95.00 | Rs. 0 no-change | 0.25x | -- | 95 (0) | Rs. 0 | 8/10/2025, 11:34:00 pm |
|
07/10/2025
|
95.00 | Rs. 0 no-change | 0.2x | -- | 95 (0) | Rs. 0 | 7/10/2025, 11:35:00 pm |
|
06/10/2025
|
100.00 | Rs. 0 no-change | 0.17x | -- | 100 (0) | Rs. 0 | 6/10/2025, 11:34:00 pm |
|
05/10/2025
|
100.00 | Rs. 0 no-change | 0.02x | -- | 100 (0) | Rs. 0 | 5/10/2025, 11:37:00 pm |
|
04/10/2025
|
100.00 | Rs. 0 no-change | 0.02x | -- | 100 (0) | Rs. 0 | 4/10/2025, 11:36:00 pm |
|
03/10/2025
|
100.00 | Rs. 0 no-change | 0.02x | -- | 100 (0) | Rs. 0 | 3/10/2025, 11:28:00 pm |
|
02/10/2025
|
100.00 | Rs. 0 no-change | 0.01x | -- | 100 (0) | Rs. 0 | 2/10/2025, 11:35:00 pm |
|
01/10/2025
|
100.00 | Rs. 0 no-change | 0.01x | -- | 100 (0) | Rs. 0 | 1/10/2025, 11:37:00 pm |
|
30/09/2025
Open |
100.00 | Rs. 0 no-change | 0x | -- | 100 (0) | Rs. 0 | 30/9/2025, 11:31:00 pm |
|
29/09/2025
|
100.00 | Rs. 0 no-change | -- | 100 (0) | Rs. 0 | 29/9/2025, 11:31:00 pm | |
|
28/09/2025
|
100.00 | Rs. 0 no-change | -- | 100 (0) | Rs. 0 | 28/9/2025, 11:31:00 pm | |
|
27/09/2025
|
100.00 | Rs. 0 no-change | -- | 100 (0) | Rs. 0 | 27/9/2025, 11:36:00 pm | |
|
26/09/2025
|
100.00 | Rs. 0 no-change | -- | 100 (0) | Rs. 0 | 26/9/2025, 11:31:00 pm | |
|
25/09/2025
|
100.00 | Rs. 0 no-change | -- | 100 (0) | Rs. 0 | 25/9/2025, 11:28:00 pm |