| IPO Date | November 11, 2025 to November 13, 2025 |
|---|---|
| Face Value | ₹1 per share |
| Issue Price Band | ₹103 to ₹109 per share |
| Lot Size | 137 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 2,60,79,56,938 shares |
| Share Holding (Post-Issue) | 2,89,23,60,607 shares |
| Total Issue Size | 31,92,66,054 shares (aggregating up to ₹3,480.00 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | 3,48,62,385 shares of ₹1 (aggregating up to ₹380.00 Cr) |
| Fresh Issue (ex Market Maker) | - |
Date: Monday, 10 November 2025
IPO subscription opens for investorsDate: Wednesday, 12 November 2025
Last date for IPO subscriptionDate: Thursday, 13 November 2025
Expected date for share allotmentDate: Sunday, 16 November 2025
Refunds initiated for unsuccessful applicationsDate: Sunday, 16 November 2025
Shares credited to demat accountsDate: Monday, 17 November 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Thu, Nov 13, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 137 | ₹14,933 |
| Retail (Max) | 13 | 1781 | ₹1,94,129 |
| S-HNI (Min) | 14 | 1918 | ₹2,09,062 |
| S-HNI (Max) | 66 | 9042 | ₹9,85,578 |
| B-HNI (Min) | 67 | 9179 | ₹10,00,511 |
| 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 Net Offer | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/06/2025 | - | -127.01 | 1867.92 | 5075.67 |
| 30/03/2025 | - | -243.26 | 1945.37 | 4156.38 |
| 30/03/2024 | - | -1131.13 | -861.79 | 2480.74 |
| 30/03/2023 | - | -84.08 | 62.29 | 2082.18 |
| KPI | Values |
|---|---|
| RoNW | -12.50% |
| PAT Margin | -8.43% |
| EBITDA Margin | 6.69% |
| Price to Book Value | 14.10 |
| Market Capitalization | 31526.73 |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | -0.93 | -1.76 |
| - | -116.86 | -62.06 |
| 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) | 10,11,55,340 | 27,35,75,848 | 2.70 |
| 1(a) | foreign institutional investors (fiis) | - | 8,63,47,812 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 1,42,20,052 | - |
| 1(c) | mutual funds | - | 16,03,00,823 | - |
| 1(d) | others | - | 1,27,07,161 | - |
| 2 | non institutional investors(niis) | 5,05,77,669 | 2,44,24,223 | 0.48 |
| 2.1 | non institutional investors(bid amount of more than ten lakh rupees) | 3,37,18,446 | 1,85,67,610 | 0.55 |
| 2.1(a) | corporates | - | 21,52,681 | - |
| 2.1(b) | individuals (other than riis) | - | 1,51,99,328 | - |
| 2.1(c) | others | - | 12,15,601 | - |
| 2.2 | non institutional investors(bid amount of more than two lakh rupees and upto 10 lakh rupees) | 1,68,59,223 | 58,56,613 | 0.35 |
| 2.2(a) | corporates | - | 28,496 | - |
| 2.2(b) | individuals (other than riis) | - | 56,80,842 | - |
| 2.2(c) | others | - | 1,47,275 | - |
| 3 | retail individual investors (riis) | 3,37,18,446 | 3,56,00,272 | 1.06 |
| 3(a) | cut off | - | 3,05,58,672 | - |
| 3(b) | price bids | - | 50,41,600 | - |
| 4 | employee reserved | 7,52,688 | 26,26,701 | 3.49 |
| 4(a) | employee (cut off) | - | 21,09,526 | - |
| 4(b) | employee (price) | - | 5,17,175 | - |
| 5 | reservation portionshareholder | - | - | - |
| 5(a) | rps (cut off) | - | - | - |
| 5(b) | rps (price) | - | - | - |
| total | 18,62,04,143 | 33,62,27,044 | 1.81 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
17/11/2025
|
109.00 | Rs. 10.85 up | - | 1100/15400 | 119.85 (9.95) | Rs. 1486.45 | 17/11/2025, 4:57:00 pm |
|
16/11/2025
|
109.00 | Rs. 9 up | - | 900/12600 | 118 (8.26) | Rs. 1233 | 16/11/2025, 11:32:00 pm |
|
15/11/2025
|
109.00 | Rs. 8 up | - | 800/11200 | 117 (7.34) | Rs. 1096 | 15/11/2025, 11:28:00 pm |
|
14/11/2025
Allotment |
109.00 | Rs. 5.5 up | - | 600/8400 | 114.5 (5.05) | Rs. 753.5 | 14/11/2025, 11:28:00 pm |
|
13/11/2025
Close |
109.00 | Rs. 0 down | - | -- | 109 (0) | Rs. 0 | 13/11/2025, 11:29:00 pm |
|
12/11/2025
|
109.00 | Rs. 1.25 down | - | 100/1400 | 110.25 (1.15) | Rs. 171.25 | 12/11/2025, 11:28:00 pm |
|
11/11/2025
Open |
109.00 | Rs. 1.5 down | - | 200/2800 | 110.5 (1.38) | Rs. 205.5 | 11/11/2025, 11:33:00 pm |
|
10/11/2025
|
109.00 | Rs. 3 down | - | 300/4200 | 112 (2.75) | Rs. 411 | 10/11/2025, 11:32:00 pm |
|
09/11/2025
|
109.00 | Rs. 4 no-change | - | 400/5600 | 113 (3.67) | Rs. 548 | 9/11/2025, 11:34:00 pm |
|
08/11/2025
|
109.00 | Rs. 4 down | - | 400/5600 | 113 (3.67) | Rs. 548 | 8/11/2025, 11:32:00 pm |
|
07/11/2025
|
109.00 | Rs. 5 no-change | - | 500/7000 | 114 (4.59) | Rs. 685 | 7/11/2025, 11:33:00 pm |
|
06/11/2025
|
109.00 | Rs. 5 down | - | 500/7000 | 114 (4.59) | Rs. 685 | 6/11/2025, 11:35:00 pm |
|
05/11/2025
|
0 | Rs. 9 no-change | - | -- | 9 (0) | Rs. 0 | 5/11/2025, 11:31:00 pm |