| IPO Date | November 19, 2025 to November 21, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹142 to ₹150 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding (Pre-Issue) | 70,00,000 shares |
| Share Holding (Post-Issue) | 95,00,000 shares |
| Total Issue Size | 25,00,000 shares (aggregating up to ₹37.50 Cr) |
| Reserved for Market Maker | 1,25,000 shares (aggregating up to ₹1.88 Cr)Asnani Stock Broker Pvt.Ltd. |
| Net Offered to Public | 23,75,000 shares (aggregating up to ₹35.63 Cr) |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Tuesday, 18 November 2025
IPO subscription opens for investorsDate: Thursday, 20 November 2025
Last date for IPO subscriptionDate: Sunday, 23 November 2025
Expected date for share allotmentDate: Monday, 24 November 2025
Refunds initiated for unsuccessful applicationsDate: Monday, 24 November 2025
Shares credited to demat accountsDate: Tuesday, 25 November 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Fri, Nov 21, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2000 | ₹3,00,000 |
| Individual investors (Retail) (Max) | 2 | 2000 | ₹3,00,000 |
| S-HNI (Min) | 3 | 3000 | ₹4,50,000 |
| S-HNI (Max) | 6 | 6000 | ₹9,00,000 |
| B-HNI (Min) | 7 | 7000 | ₹10,50,000 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 1,25,000 (5.00%) | - |
| QIB Shares Offered | 11,83,000 (47.32%) | - |
| − Anchor Investor Shares Offered | 7,09,000 (28.36%) | - |
| − QIB (Ex. Anchor) Shares Offered | 4,74,000 (18.96%) | - |
| NII (HNI) Shares Offered | 3,60,000 (14.40%) | - |
| Retail Shares Offered | 8,32,000 (33.28%) | - |
| Total Shares Offered | 25,00,000 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/09/2025 | - | 4.29 | 21.38 | 50.33 |
| 30/03/2025 | - | 6.07 | 17.08 | 48.77 |
| 30/03/2024 | - | 3.2 | 11.03 | 39.14 |
| KPI | Values |
|---|---|
| ROE | 43.16% |
| ROCE | 26.59% |
| Debt/Equity | 1.19 |
| RoNW | 35.51% |
| PAT Margin | 11.38% |
| EBITDA Margin | 23.39% |
| Price to Book Value | 6.15 |
| Market Capitalization | ₹142.50 Cr. |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 8.67 | 9.04 |
| - | 17.31 | 16.6 |
| 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) | 4,74,000 | 10,82,98,000 | 228.48 |
| 1(a) | foreign institutional investors (fiis) | - | 3,27,71,000 | - |
| 1(b) | domestic financial institutions (banks/ financial institutions(fis)/ insurance companies) | - | 74,98,000 | - |
| 1(c) | mutual funds | - | 7,00,000 | - |
| 1(d) | others | - | 6,73,29,000 | - |
| 2 | non institutional investors | 4,85,000 | 22,49,65,000 | 463.85 |
| 2.1 | non-institutional investors (bid amount of more than ten lakh rupees) | 2,40,000 | 17,91,55,000 | 746.48 |
| 2.1(a) | corporates | - | 33,75,000 | - |
| 2.1(b) | individuals | - | 17,28,40,000 | - |
| 2.1(c) | others | - | 29,40,000 | - |
| 2.2 | non-institutional investors (bid amount upto ten lakh rupees) | 1,20,000 | 4,58,10,000 | 381.75 |
| 2.2(a) | corporates | - | 3,04,000 | - |
| 2.2(b) | individuals (ind category bidding for more than 2 lots ) | - | 4,51,84,000 | - |
| 2.2(c) | others | - | 3,22,000 | - |
| 3 | individual investors (ind category bidding for 2 lots) | 8,32,000 | 29,25,14,000 | 351.58 |
| 3(a) | price bids | - | 29,25,14,000 | - |
| 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 | 17,91,000 | 62,57,77,000 | 349.40 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
25/11/2025
|
150.00 | Rs. 57 down | 375.54x | 43300 | 207 (38) | Rs. 57000 | 25/11/2025, 11:29:00 pm |
|
24/11/2025
Allotment |
150.00 | Rs. 70 no-change | 375.54x | 53200 | 220 (46.67) | Rs. 70000 | 24/11/2025, 11:28:00 pm |
|
23/11/2025
|
150.00 | Rs. 70 no-change | 375.54x | 53200 | 220 (46.67) | Rs. 70000 | 23/11/2025, 11:31:00 pm |
|
22/11/2025
|
150.00 | Rs. 70 no-change | 375.54x | 53200 | 220 (46.67) | Rs. 70000 | 22/11/2025, 11:28:00 pm |
|
21/11/2025
Close |
150.00 | Rs. 70 up | 375.54x | 53200 | 220 (46.67) | Rs. 70000 | 21/11/2025, 11:31:00 pm |
|
20/11/2025
|
150.00 | Rs. 40 no-change | 37.19x | 30400 | 190 (26.67) | Rs. 40000 | 20/11/2025, 11:30:00 pm |
|
19/11/2025
Open |
150.00 | Rs. 40 up | 5.41x | 30400 | 190 (26.67) | Rs. 40000 | 19/11/2025, 11:30:00 pm |
|
18/11/2025
|
150.00 | Rs. 11 no-change | 8400 | 161 (7.33) | Rs. 11000 | 18/11/2025, 11:35:00 pm | |
|
17/11/2025
|
150.00 | Rs. 11 no-change | 8400 | 161 (7.33) | Rs. 11000 | 17/11/2025, 11:35:00 pm | |
|
16/11/2025
|
150.00 | Rs. 11 up | 8400 | 161 (7.33) | Rs. 11000 | 16/11/2025, 11:37:00 pm | |
|
15/11/2025
|
150.00 | Rs. 0 no-change | -- | 150 (0) | Rs. 0 | 15/11/2025, 11:30:00 pm | |
|
14/11/2025
|
150.00 | Rs. 0 no-change | -- | 150 (0) | Rs. 0 | 14/11/2025, 11:36:00 pm | |
|
13/11/2025
|
150.00 | Rs. 0 no-change | -- | 150 (0) | Rs. 0 | 13/11/2025, 11:28:00 pm |