| IPO Date | October 28, 2025 to October 30, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹96 to ₹102 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding (Pre-Issue) | 1,25,16,814 shares |
| Share Holding (Post-Issue) | 1,78,92,814 shares |
| Total Issue Size | 53,76,000 shares (aggregating up to ₹54.84 Cr) |
| Reserved for Market Maker | 2,70,000 shares (aggregating up to ₹2.75 Cr)NNM Securities Pvt.Ltd. |
| Net Offered to Public | 51,06,000 shares (aggregating up to ₹52.08 Cr) |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Monday, 27 October 2025
IPO subscription opens for investorsDate: Wednesday, 29 October 2025
Last date for IPO subscriptionDate: Thursday, 30 October 2025
Expected date for share allotmentDate: Sunday, 2 November 2025
Refunds initiated for unsuccessful applicationsDate: Sunday, 2 November 2025
Shares credited to demat accountsDate: Monday, 3 November 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Thu, Oct 30, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2400 | ₹2,44,800 |
| Individual investors (Retail) (Max) | 2 | 2400 | ₹2,44,800 |
| S-HNI (Min) | 3 | 3600 | ₹3,67,200 |
| S-HNI (Max) | 8 | 9600 | ₹9,79,200 |
| B-HNI (Min) | 9 | 10800 | ₹11,01,600 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue | - |
| Retail Shares Offered | Not less than 35% of the Net Issue | - |
| NII Shares Offered | Not less than 15.00% of the Net Issue | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/06/2025 | - | 4.27 | 25.27 | 52.25 |
| 30/03/2025 | - | 12.07 | 21.01 | 51.32 |
| 30/03/2024 | - | 4.27 | 8.94 | 41.37 |
| 30/03/2023 | - | 0.53 | 4.67 | 21.82 |
| KPI | Values |
|---|---|
| ROE | 80.59% |
| ROCE | 65.97% |
| Debt/Equity | 0.27 |
| RoNW | 80.59% |
| PAT Margin | 10.44% |
| EBITDA Margin | 16.09% |
| Price to Book Value | 6.08 |
| Market Capitalization | 182.51 |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 9.64 | 9.54 |
| - | 10.58 | 10.7 |
| 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) | 1656000 | - | 0.00 |
| 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 | 1036800 | 34,800 | 0.03 |
| 2.1 | Non-Institutional Investors (Bid amount of more than Ten Lakh Rupees) | 511200 | 19,200 | 0.04 |
| 2.1(a) | Corporates | - | - | - |
| 2.1(b) | Individuals | - | 19,200 | - |
| 2.1(c) | Others | - | - | - |
| 2.2 | Non-Institutional Investors (Bid amount upto Ten Lakh Rupees) | 255600 | 15,600 | 0.06 |
| 2.2(a) | Corporates | - | - | - |
| 2.2(b) | Individuals (IND category bidding for more than 2 Lots ) | - | 15,600 | - |
| 2.2(c) | Others | - | - | - |
| 3 | Individual Investors (IND category bidding for 2 Lots) | 1788000 | 4,92,000 | 0.28 |
| 3(a) | Price bids | - | 4,92,000 | - |
| 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 | 4480800 | 5,26,800 | 0.12 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
29/10/2025
|
102.00 | Rs. 0 no-change | - | -- | 102 (0) | Rs. 0 | 29/10/2025, 11:30:00 pm |
|
28/10/2025
Open |
102.00 | Rs. 0 no-change | - | -- | 102 (0) | Rs. 0 | 28/10/2025, 11:35:00 pm |
|
27/10/2025
|
102.00 | Rs. 0 no-change | - | -- | 102 (0) | Rs. 0 | 27/10/2025, 11:29:00 pm |
|
26/10/2025
|
102.00 | Rs. 0 no-change | - | -- | 102 (0) | Rs. 0 | 26/10/2025, 11:28:00 pm |
|
25/10/2025
|
102.00 | Rs. 0 no-change | - | -- | 102 (0) | Rs. 0 | 25/10/2025, 11:37:00 pm |
|
24/10/2025
|
102.00 | Rs. 0 no-change | - | -- | 102 (0) | Rs. 0 | 24/10/2025, 11:32:00 pm |
|
23/10/2025
|
102.00 | Rs. 0 no-change | - | -- | 102 (0) | Rs. 0 | 23/10/2025, 11:30:00 pm |
|
22/10/2025
|
102.00 | Rs. 0 no-change | - | -- | (0) | Rs. 0 | 22/10/2025, 5:55:00 am |
|
21/10/2025
|
102.00 | Rs. 0 no-change | - | -- | (0) | Rs. 0 | 21/10/2025, 5:55:00 am |
|
20/10/2025
|
Rs. 0 no-change | - | -- | () | Rs. 0 | 21/10/2025, 1:06:00 am |