| IPO Date | November 19, 2025 to November 21, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹114 to ₹120 per share |
| Lot Size | 125 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 10,00,84,164 shares |
| Share Holding (Post-Issue) | 11,50,84,164 shares |
| Total Issue Size | 4,16,66,666 shares (aggregating up to ₹500.00 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | 2,66,66,666 shares of ₹10 (aggregating up to ₹320.00 Cr) |
| Fresh Issue (ex Market Maker) | - |
Date: Tuesday, 18 November 2025
IPO subscription opens for investorsDate: Thursday, 20 November 2025
Last date for IPO subscriptionDate: Sunday, 23 November 2025
Expected date for share allotmentDate: Monday, 24 November 2025
Refunds initiated for unsuccessful applicationsDate: Monday, 24 November 2025
Shares credited to demat accountsDate: Tuesday, 25 November 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Fri, Nov 21, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1625 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1750 | ₹2,10,000 |
| S-HNI (Max) | 66 | 8250 | ₹9,90,000 |
| B-HNI (Min) | 67 | 8375 | ₹10,05,000 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | Not more than 50 % of the Net Offer | - |
| Retail Shares Offered | Not less than 35%of the Net Offer | - |
| NII Shares Offered | Not less than 15% of the Offer | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/06/2025 | - | 6.01 | 375.95 | 478.34 |
| 30/03/2025 | - | 34.69 | 371.29 | 470.49 |
| 30/03/2024 | - | 12.75 | 297.3 | 421.03 |
| 30/03/2023 | - | 22.41 | 278.08 | 436.13 |
| KPI | Values |
|---|---|
| ROE | 10.38 |
| ROCE | 16.11 |
| Debt/Equity | 0.05 |
| RoNW | 10.38 |
| PAT Margin | 14.87% |
| EBITDA Margin | 31.40% |
| Price to Book Value | 3.23 |
| Market Capitalization | ₹1,381.01 Cr. |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 3.47 | 2.09 |
| - | 34.62 | 57.46 |
| 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) | 87,71,929 | 41,71,39,125 | 47.55 |
| 1(a) | foreign institutional investors (fiis) | - | 11,28,77,500 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 17,38,16,625 | - |
| 1(c) | mutual funds | - | 2,68,625 | - |
| 1(d) | others | - | 13,01,76,375 | - |
| 2 | non institutional investors(niis) | 65,78,948 | 66,89,98,875 | 101.69 |
| 2.1 | non institutional investors(bid amount of more than ten lakh rupees) | 43,85,966 | 51,22,27,250 | 116.79 |
| 2.1(a) | corporates | - | 45,70,000 | - |
| 2.1(b) | individuals (other than riis) | - | 48,34,81,375 | - |
| 2.1(c) | others | - | 2,41,75,875 | - |
| 2.2 | non institutional investors(bid amount of more than two lakh rupees and upto 10 lakh rupees) | 21,92,982 | 15,67,71,625 | 71.49 |
| 2.2(a) | corporates | - | 4,14,000 | - |
| 2.2(b) | individuals (other than riis) | - | 14,86,65,125 | - |
| 2.2(c) | others | - | 76,92,500 | - |
| 3 | retail individual investors (riis) | 1,53,50,877 | 23,97,70,625 | 15.62 |
| 3(a) | cut off | - | 19,76,54,625 | - |
| 3(b) | price bids | - | 4,21,16,000 | - |
| 4 | employee reserved | - | - | - |
| 4(a) | employee (cut off) | - | - | - |
| 4(b) | employee (price) | - | - | - |
| 5 | reservation portionshareholder | - | - | - |
| 5(a) | rps (cut off) | - | - | - |
| 5(b) | rps (price) | - | - | - |
| total | 3,07,01,754 | 1,32,59,08,625 | 43.19 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
25/11/2025
|
120.00 | Rs. 7 up | 45.46x | 700/9800 | 127 (5.83) | Rs. 875 | 25/11/2025, 11:36:00 pm |
|
24/11/2025
Allotment |
120.00 | Rs. 6 down | 45.46x | 600/8400 | 126 (5) | Rs. 750 | 24/11/2025, 11:31:00 pm |
|
23/11/2025
|
120.00 | Rs. 8 no-change | 45.46x | 800/11200 | 128 (6.67) | Rs. 1000 | 23/11/2025, 11:31:00 pm |
|
22/11/2025
|
120.00 | Rs. 8 no-change | 45.46x | 800/11200 | 128 (6.67) | Rs. 1000 | 22/11/2025, 11:28:00 pm |
|
21/11/2025
Close |
120.00 | Rs. 8 down | 45.46x | 800/11200 | 128 (6.67) | Rs. 1000 | 21/11/2025, 11:31:00 pm |
|
20/11/2025
|
120.00 | Rs. 14 down | 7.32x | 1300/18200 | 134 (11.67) | Rs. 1750 | 20/11/2025, 11:34:00 pm |
|
19/11/2025
Open |
120.00 | Rs. 15.5 up | 1.56x | 1500/21000 | 135.5 (12.92) | Rs. 1937.5 | 19/11/2025, 11:29:00 pm |
|
18/11/2025
|
120.00 | Rs. 15 down | 1400/19600 | 135 (12.5) | Rs. 1875 | 18/11/2025, 11:32:00 pm | |
|
17/11/2025
|
120.00 | Rs. 16 down | 1500/21000 | 136 (13.33) | Rs. 2000 | 17/11/2025, 11:34:00 pm | |
|
16/11/2025
|
120.00 | Rs. 20 down | 1900/26600 | 140 (16.67) | Rs. 2500 | 16/11/2025, 11:28:00 pm | |
|
15/11/2025
|
120.00 | Rs. 30 up | 2800/39200 | 150 (25) | Rs. 3750 | 15/11/2025, 11:36:00 pm | |
|
14/11/2025
|
120.00 | Rs. 0 no-change | -- | 120 (0) | Rs. 0 | 14/11/2025, 11:30:00 pm | |
|
13/11/2025
|
120.00 | Rs. 0 no-change | -- | 120 (0) | Rs. 0 | 13/11/2025, 11:29:00 pm | |
|
12/11/2025
|
Rs. 0 no-change | -- | () | Rs. 0 | 12/11/2025, 11:30:00 am |