| IPO Date | October 31, 2025 to November 4, 2025 |
|---|---|
| Face Value | ₹2 per share |
| Issue Price Band | ₹382 to ₹402 per share |
| Lot Size | 37 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 1,68,10,15,590 shares |
| Share Holding (Post-Issue) | - |
| Total Issue Size | 18,10,45,160 shares (aggregating up to ₹7,278.02 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | 12,75,62,573 shares of ₹2 (aggregating up to ₹5,128.02 Cr) |
| Fresh Issue (ex Market Maker) | - |
Date: Thursday, 30 October 2025
IPO subscription opens for investorsDate: Monday, 3 November 2025
Last date for IPO subscriptionDate: Wednesday, 5 November 2025
Expected date for share allotmentDate: Thursday, 6 November 2025
Refunds initiated for unsuccessful applicationsDate: Thursday, 6 November 2025
Shares credited to demat accountsDate: Sunday, 9 November 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Tue, Nov 4, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,874 |
| Retail (Max) | 13 | 481 | ₹1,93,362 |
| S-HNI (Min) | 14 | 518 | ₹2,08,236 |
| S-HNI (Max) | 67 | 2479 | ₹9,96,558 |
| B-HNI (Min) | 68 | 2516 | ₹10,11,432 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | Not less than 75% of the Net Offer | - |
| Retail Shares Offered | Not more than 10% of the Net Offer | - |
| NII Shares Offered | Not more than 15% of the Offer | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/06/2025 | - | 61.17 | 6176.87 | 10845.68 |
| 30/03/2025 | - | 297.34 | 6108.3 | 10471.02 |
| 30/03/2024 | - | -10.15 | 5642.38 | 9531.02 |
| 30/03/2023 | - | -63.76 | 5444.48 | 9528.28 |
| KPI | Values |
|---|---|
| ROCE | 13.84% |
| RoNW | 4.84 |
| EBITDA Margin | 14.60% |
| Price to Book Value | 11.03 |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 1.77 | |
| - | 227.27 |
| 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) | 5,42,01,608 | 8,87,41,318 | 1.64 |
| 1(a) | foreign institutional investors (fiis) | - | 5,89,48,511 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 17,649 | - |
| 1(c) | mutual funds | - | 43,99,522 | - |
| 1(d) | others | - | 2,53,75,636 | - |
| 2 | non institutional investors(niis) | 2,71,00,803 | 5,11,25,897 | 1.89 |
| 2.1 | non institutional investors(bid amount of more than ten lakh rupees) | 1,80,67,202 | 2,96,67,895 | 1.64 |
| 2.1(a) | corporates | - | 4,77,892 | - |
| 2.1(b) | individuals (other than riis) | - | 2,75,86,534 | - |
| 2.1(c) | others | - | 16,03,469 | - |
| 2.2 | non institutional investors(bid amount of more than two lakh rupees and upto 10 lakh rupees) | 90,33,601 | 2,14,58,002 | 2.38 |
| 2.2(a) | corporates | - | 65,268 | - |
| 2.2(b) | individuals (other than riis) | - | 2,05,44,361 | - |
| 2.2(c) | others | - | 8,48,373 | - |
| 3 | retail individual investors (riis) | 1,80,67,202 | 6,02,15,872 | 3.33 |
| 3(a) | cut off | - | 5,02,78,708 | - |
| 3(b) | price bids | - | 99,37,164 | - |
| 4 | employee reserved | 3,91,644 | 10,26,158 | 2.62 |
| 4(a) | employee (cut off) | - | 8,68,464 | - |
| 4(b) | employee (price) | - | 1,57,694 | - |
| 5 | reservation portionshareholder | - | - | - |
| 5(a) | rps (cut off) | - | - | - |
| 5(b) | rps (price) | - | - | - |
| total | 9,97,61,257 | 20,11,09,245 | 2.02 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
03/11/2025
|
402.00 | Rs. 59 down | - | 1700/23800 | 461 (14.68) | Rs. 2183 | 3/11/2025, 11:32:00 pm |
|
01/11/2025
|
402.00 | Rs. 85 down | - | 2400/33600 | 487 (21.14) | Rs. 3145 | 1/11/2025, 3:54:00 pm |
|
31/10/2025
Open |
402.00 | Rs. 95 up | - | 2700/37800 | 497 (23.63) | Rs. 3515 | 31/10/2025, 11:32:00 pm |
|
30/10/2025
|
402.00 | Rs. 70 up | - | 2000/28000 | 472 (17.41) | Rs. 2590 | 30/10/2025, 11:31:00 pm |
|
29/10/2025
|
402.00 | Rs. 48 down | - | 1300/18200 | 450 (11.94) | Rs. 1776 | 29/10/2025, 11:32:00 pm |
|
28/10/2025
|
402.00 | Rs. 73 down | - | 2100/29400 | 475 (18.16) | Rs. 2701 | 28/10/2025, 11:36:00 pm |
|
27/10/2025
|
402.00 | Rs. 108 up | - | 3000/42000 | 510 (26.87) | Rs. 3996 | 27/10/2025, 11:28:00 pm |
|
26/10/2025
|
0 | Rs. 75 no-change | - | -- | 75 (0) | Rs. 0 | 26/10/2025, 11:32:00 pm |