| IPO Date | September 29, 2025 to October 1, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹181 to ₹191 per share |
| Lot Size | 75 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 3,23,92,239 shares |
| Share Holding (Post-Issue) | 4,44,52,239 shares |
| Total Issue Size | 1,20,60,000 shares (aggregating up to ₹230.35 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Sunday, 28 September 2025
IPO subscription opens for investorsDate: Tuesday, 30 September 2025
Last date for IPO subscriptionDate: Thursday, 2 October 2025
Expected date for share allotmentDate: Sunday, 5 October 2025
Refunds initiated for unsuccessful applicationsDate: Sunday, 5 October 2025
Shares credited to demat accountsDate: Monday, 6 October 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Wed, Oct 1, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 75 | ₹14,325 |
| Retail (Max) | 13 | 975 | ₹1,86,225 |
| S-HNI (Min) | 14 | 1050 | ₹2,00,550 |
| S-HNI (Max) | 69 | 5175 | ₹9,88,425 |
| B-HNI (Min) | 70 | 5250 | ₹10,02,750 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 60,02,527 | |
| NII (HNI) Shares Offered | 18,00,758 (14.93%) | |
| Retail Shares Offered | 42,01,769 (34.84%) | 56,023 |
| Employee Shares Offered | 54,945 (0.46%) | |
| Total Shares Offered | 1,20,59,999 (100.00%) |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 30/03/2025 | - | 46.45 | - | 426.56 |
| 30/03/2024 | - | 27.22 | - | 269.24 |
| 30/03/2023 | - | 21.73 | - | 213.86 |
| KPI | Values |
|---|---|
| ROE | 30.46% |
| ROCE | 24.46% |
| Debt/Equity | 0.32 |
| RoNW | 26.83% |
| PAT Margin | 13.83% |
| EBITDA Margin | 14.07% |
| Price to Book Value | 3.57 |
| type | pre_ipo | post_ipo |
|---|---|---|
| EPS Rs | 14.34 | 10.45 |
| P/E (x) | 13.32 | 18.28 |
| 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) | 60,02,526 | 1,21,14,600 | 2.02 |
| 1(a) | foreign institutional investors (fiis) | - | 17,05,425 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 1,050 | - |
| 1(c) | mutual funds | - | - | - |
| 1(d) | others | - | 1,04,08,125 | - |
| 2 | non institutional investors(niis) | 18,00,759 | 35,42,250 | 1.97 |
| 2.1 | non institutional investors(bid amount of more than ten lakh rupees) | 12,00,506 | 19,82,025 | 1.65 |
| 2.1(a) | corporates | - | 1,15,500 | - |
| 2.1(b) | individuals (other than riis) | - | 15,72,525 | - |
| 2.1(c) | others | - | 2,94,000 | - |
| 2.2 | non institutional investors(bid amount of more than two lakh rupees and upto 10 lakh rupees) | 6,00,253 | 15,60,225 | 2.60 |
| 2.2(a) | corporates | - | 7,950 | - |
| 2.2(b) | individuals (other than riis) | - | 14,98,275 | - |
| 2.2(c) | others | - | 54,000 | - |
| 3 | retail individual investors (riis) | 42,01,770 | 87,55,500 | 2.08 |
| 3(a) | cut off | - | 72,78,975 | - |
| 3(b) | price bids | - | 14,76,525 | - |
| 4 | employee reserved | 54,945 | 1,10,400 | 2.01 |
| 4(a) | employee (cut off) | - | 86,175 | - |
| 4(b) | employee (price) | - | 24,225 | - |
| 5 | reservation portionshareholder | - | - | - |
| 5(a) | rps (cut off) | - | - | - |
| 5(b) | rps (price) | - | - | - |
| total | 1,20,60,000 | 2,45,22,750 | 2.03 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
07/10/2025
Listing |
191.00 | Rs. 0 no-change | 2.04x | -- | 191 (0) | Rs. 0 | 7/10/2025, 9:36:00 am |
|
06/10/2025
|
191.00 | Rs. 0 no-change | 2.04x | -- | 191 (0) | Rs. 0 | 6/10/2025, 11:37:00 pm |
|
05/10/2025
|
191.00 | Rs. 0 no-change | 2.04x | -- | 191 (0) | Rs. 0 | 5/10/2025, 11:34:00 pm |
|
04/10/2025
|
191.00 | Rs. 0 no-change | 2.04x | -- | 191 (0) | Rs. 0 | 4/10/2025, 11:32:00 pm |
|
03/10/2025
Allotment |
191.00 | Rs. 0 no-change | 2.04x | -- | 191 (0) | Rs. 0 | 3/10/2025, 11:29:00 pm |
|
02/10/2025
|
191.00 | Rs. 0 no-change | 2.04x | -- | 191 (0) | Rs. 0 | 2/10/2025, 11:36:00 pm |
|
01/10/2025
Close |
191.00 | Rs. 0 no-change | 2.04x | -- | 191 (0) | Rs. 0 | 1/10/2025, 11:32:00 pm |
|
30/09/2025
|
191.00 | Rs. 0 down | 1.01x | -- | 191 (0) | Rs. 0 | 30/9/2025, 11:30:00 pm |
|
29/09/2025
Open |
191.00 | Rs. 2 down | 0.7x | 100/1400 | 193 (1.05) | Rs. 150 | 29/9/2025, 11:34:00 pm |
|
28/09/2025
|
191.00 | Rs. 20 down | 1100/15400 | 211 (10.47) | Rs. 1500 | 28/9/2025, 11:37:00 pm | |
|
27/09/2025
|
191.00 | Rs. 35 no-change | 2000/28000 | 226 (18.32) | Rs. 2625 | 27/9/2025, 11:36:00 pm | |
|
26/09/2025
|
191.00 | Rs. 35 no-change | 2000/28000 | 226 (18.32) | Rs. 2625 | 26/9/2025, 11:37:00 pm | |
|
25/09/2025
|
191.00 | Rs. 35 up | 2000/28000 | 226 (18.32) | Rs. 2625 | 25/9/2025, 11:29:00 pm | |
|
24/09/2025
|
191.00 | Rs. 0 no-change | -- | 191 (0) | Rs. 0 | 24/9/2025, 11:31:00 pm |