| IPO Date | December 10, 2025 to December 12, 2025 |
|---|---|
| Face Value | ₹2 per share |
| Issue Price Band | ₹154 to ₹162 per share |
| Lot Size | 92 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 38,43,99,990 shares |
| Share Holding (Post-Issue) | 43,19,30,854 shares |
| Total Issue Size | 5,67,90,123 shares (aggregating up to ₹920.00 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | 92,59,259 shares of ₹2 (aggregating up to ₹150.00 Cr) |
| Fresh Issue (ex Market Maker) | - |
Date: Tuesday, 9 December 2025
IPO subscription opens for investorsDate: Thursday, 11 December 2025
Last date for IPO subscriptionDate: Sunday, 14 December 2025
Expected date for share allotmentDate: Monday, 15 December 2025
Refunds initiated for unsuccessful applicationsDate: Monday, 15 December 2025
Shares credited to demat accountsDate: Tuesday, 16 December 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Fri, Dec 12, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 92 | ₹14,904 |
| Retail (Max) | 13 | 1196 | ₹1,93,752 |
| S-HNI (Min) | 14 | 1288 | ₹2,08,656 |
| S-HNI (Max) | 67 | 6164 | ₹9,98,568 |
| B-HNI (Min) | 68 | 6256 | ₹10,13,472 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | Not more than 50% of the Offer | - |
| Retail Shares Offered | Not less than 35% of the Offer | - |
| NII Shares Offered | Not less than 15% of the Offer | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/09/2025 | - | 139.14 | 1153.05 | 2320.93 |
| 30/03/2025 | - | 213.22 | 1021.86 | 2133.7 |
| 30/03/2024 | - | 152.01 | 815.98 | 1912.1 |
| 30/03/2023 | - | 228.19 | 667.55 | 1592.82 |
| KPI | Values |
|---|---|
| ROE | 20.68% |
| ROCE | 17.47% |
| Debt/Equity | 0.61 |
| RoNW | 20.08% |
| PAT Margin | 15.30% |
| EBITDA Margin | 26.71% |
| Price to Book Value | 6.09 |
| Market Capitalization | ₹6,997.28 Cr. |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 5.55 | 6.44 |
| - | 29.21 | 25.14 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
16/12/2025
|
162.00 | Rs. 5 up | 8.52x | 300/4200 | 167 (3.09) | Rs. 460 | 16/12/2025, 11:28:00 pm |
|
15/12/2025
Allotment |
162.00 | Rs. 3.5 down | 8.52x | 200/2800 | 165.5 (2.16) | Rs. 322 | 15/12/2025, 11:30:00 pm |
|
14/12/2025
|
162.00 | Rs. 6.5 down | 8.52x | 500/7000 | 168.5 (4.01) | Rs. 598 | 14/12/2025, 11:37:00 pm |
|
13/12/2025
|
162.00 | Rs. 7 no-change | 8.52x | 500/7000 | 169 (4.32) | Rs. 644 | 13/12/2025, 11:31:00 pm |
|
12/12/2025
Close |
162.00 | Rs. 7 down | 8.52x | 500/7000 | 169 (4.32) | Rs. 644 | 12/12/2025, 11:29:00 pm |
|
11/12/2025
|
162.00 | Rs. 8.5 down | 1.05x | 600/8400 | 170.5 (5.25) | Rs. 782 | 11/12/2025, 11:30:00 pm |
|
10/12/2025
Open |
162.00 | Rs. 14 down | 0.56x | 1000/14000 | 176 (8.64) | Rs. 1288 | 10/12/2025, 11:31:00 pm |
|
09/12/2025
|
162.00 | Rs. 22 down | 1500/21000 | 184 (13.58) | Rs. 2024 | 9/12/2025, 8:54:00 pm | |
|
08/12/2025
|
162.00 | Rs. 29 down | 2000/28000 | 191 (17.9) | Rs. 2668 | 8/12/2025, 4:56:00 pm | |
|
07/12/2025
|
162.00 | Rs. 33 no-change | 2300/32200 | 195 (20.37) | Rs. 3036 | 7/12/2025, 11:34:00 pm | |
|
06/12/2025
|
162.00 | Rs. 33 up | 2300/32200 | 195 (20.37) | Rs. 3036 | 6/12/2025, 11:34:00 pm | |
|
05/12/2025
|
162.00 | Rs. 30 up | 2100/29400 | 192 (18.52) | Rs. 2760 | 5/12/2025, 11:33:00 pm | |
|
04/12/2025
|
Rs. 0 no-change | -- | (0) | Rs. 0 | 4/12/2025, 5:55:00 am | ||
|
03/12/2025
|
Rs. 0 no-change | -- | () | Rs. 0 | 3/12/2025, 12:50:00 pm |