| IPO Date | November 13, 2025 to November 17, 2025 |
|---|---|
| Face Value | ₹1 per share |
| Issue Price Band | ₹216 to ₹228 per share |
| Lot Size | 65 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 28,00,95,145 shares |
| Share Holding (Post-Issue) | 30,64,10,934 shares |
| Total Issue Size | 3,63,15,789 shares (aggregating up to ₹828.00 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | 1,00,00,000 shares of ₹1 (aggregating up to ₹228.00 Cr) |
| Fresh Issue (ex Market Maker) | - |
Date: Wednesday, 12 November 2025
IPO subscription opens for investorsDate: Sunday, 16 November 2025
Last date for IPO subscriptionDate: Monday, 17 November 2025
Expected date for share allotmentDate: Tuesday, 18 November 2025
Refunds initiated for unsuccessful applicationsDate: Tuesday, 18 November 2025
Shares credited to demat accountsDate: Wednesday, 19 November 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Mon, Nov 17, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹14,820 |
| Retail (Max) | 13 | 845 | ₹1,92,660 |
| S-HNI (Min) | 14 | 910 | ₹2,07,480 |
| S-HNI (Max) | 67 | 4355 | ₹9,92,940 |
| B-HNI (Min) | 68 | 4420 | ₹10,07,760 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue | - |
| Retail Shares Offered | Not less than 35.00% 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 | - | 67.59 | 464.34 | 1243.88 |
| 30/03/2025 | - | 156.34 | 396.82 | 1013.96 |
| 30/03/2024 | - | 45.3 | 239.54 | 609.64 |
| 30/03/2023 | - | 24.37 | 193.08 | 514.56 |
| KPI | Values |
|---|---|
| ROE | 39.40% |
| ROCE | 41.01% |
| Debt/Equity | 0.87 |
| RoNW | 39.40% |
| PAT Margin | 10.15% |
| EBITDA Margin | 16.13% |
| Price to Book Value | 16.09 |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 5.58 | |
| - | 40.85 | 41.01 |
| 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) | 73,42,591 | 3,78,22,200 | 5.15 |
| 1(a) | foreign institutional investors (fiis) | - | 2,15,50,425 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 17,54,415 | - |
| 1(c) | mutual funds | - | 72,19,290 | - |
| 1(d) | others | - | 72,98,070 | - |
| 2 | non institutional investors(niis) | 56,31,945 | 49,78,545 | 0.88 |
| 2.1 | non institutional investors(bid amount of more than ten lakh rupees) | 37,54,630 | 20,28,325 | 0.54 |
| 2.1(a) | corporates | - | 2,96,335 | - |
| 2.1(b) | individuals (other than riis) | - | 16,86,490 | - |
| 2.1(c) | others | - | 45,500 | - |
| 2.2 | non institutional investors(bid amount of more than two lakh rupees and upto 10 lakh rupees) | 18,77,315 | 29,50,220 | 1.57 |
| 2.2(a) | corporates | - | 23,920 | - |
| 2.2(b) | individuals (other than riis) | - | 28,44,010 | - |
| 2.2(c) | others | - | 82,290 | - |
| 3 | retail individual investors (riis) | 1,31,41,204 | 1,31,85,965 | 1.00 |
| 3(a) | cut off | - | 1,07,59,515 | - |
| 3(b) | price bids | - | 24,26,450 | - |
| 4 | employee reserved | 2,31,481 | 3,39,885 | 1.47 |
| 4(a) | employee (cut off) | - | 2,67,085 | - |
| 4(b) | employee (price) | - | 72,800 | - |
| 5 | reservation portionshareholder | - | - | - |
| 5(a) | rps (cut off) | - | - | - |
| 5(b) | rps (price) | - | - | - |
| total | 2,63,47,221 | 5,63,26,595 | 2.14 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
19/11/2025
|
228.00 | Rs. 0.5 down | - | -- | 228.5 (0.22) | Rs. 32.5 | 19/11/2025, 11:35:00 pm |
|
18/11/2025
Allotment |
228.00 | Rs. 3 up | - | 100/1400 | 231 (1.32) | Rs. 195 | 18/11/2025, 11:30:00 pm |
|
17/11/2025
Close |
228.00 | Rs. 1.5 up | - | 100/1400 | 229.5 (0.66) | Rs. 97.5 | 17/11/2025, 11:34:00 pm |
|
16/11/2025
|
228.00 | Rs. 0 no-change | - | -- | 228 (0) | Rs. 0 | 16/11/2025, 11:31:00 pm |
|
15/11/2025
|
228.00 | Rs. 0 no-change | - | -- | 228 (0) | Rs. 0 | 15/11/2025, 11:35:00 pm |
|
14/11/2025
|
228.00 | Rs. 0 no-change | - | -- | 228 (0) | Rs. 0 | 14/11/2025, 11:35:00 pm |
|
13/11/2025
Open |
228.00 | Rs. 0 no-change | - | -- | 228 (0) | Rs. 0 | 13/11/2025, 11:35:00 pm |
|
12/11/2025
|
228.00 | Rs. 0 no-change | - | -- | 228 (0) | Rs. 0 | 12/11/2025, 11:34:00 pm |
|
11/11/2025
|
228.00 | Rs. 0 no-change | - | -- | 228 (0) | Rs. 0 | 11/11/2025, 11:35:00 pm |
|
10/11/2025
|
228.00 | Rs. 0 no-change | - | -- | 228 (0) | Rs. 0 | 10/11/2025, 11:33:00 pm |
|
09/11/2025
|
Rs. 0 no-change | - | -- | (0) | Rs. 0 | 9/11/2025, 5:55:00 am | |
|
08/11/2025
|
Rs. 0 no-change | - | -- | (0) | Rs. 0 | 8/11/2025, 5:55:00 am | |
|
07/11/2025
|
Rs. 0 no-change | - | -- | () | Rs. 0 | 7/11/2025, 10:40:00 pm |