| IPO Date | September 30, 2025 to October 3, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 to ₹100 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 4,50,00,000 shares |
| Share Holding (Post-Issue) | 6,42,85,720 shares |
| Total Issue Size | 1,92,85,720 shares (aggregating up to ₹192.86 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Monday, 29 September 2025
IPO subscription opens for investorsDate: Thursday, 2 October 2025
Last date for IPO subscriptionDate: Sunday, 5 October 2025
Expected date for share allotmentDate: Monday, 6 October 2025
Refunds initiated for unsuccessful applicationsDate: Monday, 6 October 2025
Shares credited to demat accountsDate: Tuesday, 7 October 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Fri, Oct 3, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1950 | ₹1,95,000 |
| S-HNI (Min) | 14 | 2100 | ₹2,10,000 |
| S-HNI (Max) | 66 | 9900 | ₹9,90,000 |
| B-HNI (Min) | 67 | 10050 | ₹10,05,000 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 96,27,860 (49.92%) | NA |
| − Anchor Investor Shares Offered | 57,76,716 (29.95%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 38,51,144 (19.97%) | NA |
| NII (HNI) Shares Offered | 28,88,358 (14.98%) | NA |
| − bNII > ₹10L | 19,25,572 (9.98%) | 916 |
| − sNII < ₹10L | 9,62,786 (4.99%) | 458 |
| Retail Shares Offered | 67,39,502 (34.95%) | 44,930 |
| Employee Shares Offered | 30,000 (0.16%) | NA |
| Total Shares Offered | 1,92,85,720 (100.00%) |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 30/03/2025 | - | 25.64 | 100.87 | 351.47 |
| 30/03/2024 | - | 24.73 | 75.26 | 259.56 |
| 30/03/2023 | - | 14.87 | 50.6 | 179.47 |
| KPI | Values |
|---|---|
| ROE | 25.42% |
| ROCE | 27.02% |
| Debt/Equity | 0.80 |
| RoNW | 29.11% |
| PAT Margin | 5.10% |
| EBITDA Margin | 9.61% |
| Price to Book Value | 5.98 |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 5.70 | 3.99 |
| - | 17.55 | 25.07 |
| 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) | - | - | - |
| 1(a) | Foreign Institutional Investors(FIIs) | - | - | - |
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | - | - | - |
| 1(c) | Mutual funds | - | - | - |
| 1(d) | Others | - | - | - |
| 2 | Non Institutional Investors | - | - | - |
| 2.1 | Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | - | - | - |
| 2.1(a) | Corporates | - | - | - |
| 2.1(b) | Individuals(Other than RIIs) | - | - | - |
| 2.1(c) | Others | - | - | - |
| 2.2 | Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | - | - | - |
| 2.2(a) | Corporates | - | - | - |
| 2.2(b) | Individuals(Other than RIIs) | - | - | - |
| 2.2(c) | Others | - | - | - |
| 3 | Retail Individual Investors(RIIs) | - | - | - |
| 3(a) | Cut Off | - | - | - |
| 3(b) | Price bids | - | - | - |
| 4 | Employees | - | - | - |
| 4(a) | Cut Off | - | - | - |
| 4(b) | Price Bids | - | - | - |
| - | Total | - | - | - |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
08/10/2025
Listing |
100.00 | Rs. 13 no-change | 56.9x | 1500/21000 | 113 (13) | Rs. 1950 | 8/10/2025, 9:36:00 am |
|
07/10/2025
|
100.00 | Rs. 13 down | 56.9x | 1500/21000 | 113 (13) | Rs. 1950 | 7/10/2025, 11:32:00 pm |
|
06/10/2025
Allotment |
100.00 | Rs. 20 no-change | 56.9x | 2300/32200 | 120 (20) | Rs. 3000 | 6/10/2025, 11:33:00 pm |
|
05/10/2025
|
100.00 | Rs. 20 no-change | 56.9x | 2300/32200 | 120 (20) | Rs. 3000 | 5/10/2025, 11:30:00 pm |
|
04/10/2025
|
100.00 | Rs. 20 up | 56.9x | 2300/32200 | 120 (20) | Rs. 3000 | 4/10/2025, 11:33:00 pm |
|
03/10/2025
Close |
100.00 | Rs. 14.5 down | 56.9x | 1700/23800 | 114.5 (14.5) | Rs. 2175 | 3/10/2025, 11:33:00 pm |
|
02/10/2025
|
100.00 | Rs. 15 up | 1.87x | 1700/23800 | 115 (15) | Rs. 2250 | 2/10/2025, 11:34:00 pm |
|
01/10/2025
|
100.00 | Rs. 12 up | 1.87x | 1400/19600 | 112 (12) | Rs. 1800 | 1/10/2025, 11:31:00 pm |
|
30/09/2025
Open |
100.00 | Rs. 5 down | 0.42x | 600/8400 | 105 (5) | Rs. 750 | 30/9/2025, 11:29:00 pm |
|
29/09/2025
|
100.00 | Rs. 15 up | 1700/23800 | 115 (15) | Rs. 2250 | 29/9/2025, 11:36:00 pm | |
|
28/09/2025
|
100.00 | Rs. 10 no-change | 1100/15400 | 110 (10) | Rs. 1500 | 28/9/2025, 11:35:00 pm | |
|
27/09/2025
|
100.00 | Rs. 10 no-change | 1100/15400 | 110 (10) | Rs. 1500 | 27/9/2025, 11:35:00 pm | |
|
26/09/2025
|
100.00 | Rs. 10 no-change | 1100/15400 | 110 (10) | Rs. 1500 | 26/9/2025, 11:37:00 pm | |
|
25/09/2025
|
100.00 | Rs. 10 up | 1100/15400 | 110 (10) | Rs. 1500 | 25/9/2025, 11:37:00 pm | |
|
24/09/2025
|
100.00 | Rs. 0 no-change | -- | 100 (0) | Rs. 0 | 24/9/2025, 11:28:00 pm | |
|
23/09/2025
|
100.00 | Rs. 0 no-change | -- | 100 (0) | Rs. 0 | 23/9/2025, 11:34:00 pm |