| IPO Date | December 11, 2025 to December 15, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹112 to ₹118 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding (Pre-Issue) | 1,74,99,995 shares |
| Share Holding (Post-Issue) | 2,38,09,595 shares |
| Total Issue Size | 63,09,600 shares (aggregating up to ₹74.45 Cr) |
| Reserved for Market Maker | 3,57,600 shares (aggregating up to ₹4.22 Cr)Giriraj Stock Broking Pvt.Ltd. |
| Net Offered to Public | 59,52,000 shares (aggregating up to ₹70.23 Cr) |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Wednesday, 10 December 2025
IPO subscription opens for investorsDate: Sunday, 14 December 2025
Last date for IPO subscriptionDate: Monday, 15 December 2025
Expected date for share allotmentDate: Tuesday, 16 December 2025
Refunds initiated for unsuccessful applicationsDate: Tuesday, 16 December 2025
Shares credited to demat accountsDate: Wednesday, 17 December 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Mon, Dec 15, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2400 | ₹2,83,200 |
| Individual investors (Retail) (Max) | 2 | 2400 | ₹2,83,200 |
| S-HNI (Min) | 3 | 3600 | ₹4,24,800 |
| S-HNI (Max) | 7 | 8400 | ₹9,91,200 |
| B-HNI (Min) | 8 | 9600 | ₹11,32,800 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 3,57,600 (5.67%) | - |
| QIB Shares Offered | 29,54,400 (46.82%) | - |
| − Anchor Investor Shares Offered | 17,72,400 (28.09%) | - |
| − QIB (Ex. Anchor) Shares Offered | 11,82,000 (18.73%) | - |
| NII (HNI) Shares Offered | 9,00,000 (14.26%) | - |
| − bNII > ₹10L | 6,00,000 (9.51%) | - |
| − sNII < ₹10L | 3,00,000 (4.75%) | - |
| Retail Shares Offered | 20,97,600 (33.24%) | - |
| Total Shares Offered | 63,09,600 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/09/2025 | - | 14.2 | 58.4 | 151.63 |
| 30/03/2025 | - | 20.42 | 44.21 | 65.73 |
| 30/03/2024 | - | 3.35 | 23.79 | 55.39 |
| 30/03/2023 | - | 0.02 | 20.44 | 50.17 |
| KPI | Values |
|---|---|
| ROE | 60.05% |
| ROCE | 48.21% |
| Debt/Equity | 0.33 |
| RoNW | 46.18% |
| PAT Margin | 10.90% |
| EBITDA Margin | 16.16% |
| Price to Book Value | 4.67 |
| Market Capitalization | ₹280.95 Cr. |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 11.67 | 11.92 |
| - | 10.11 | 9.9 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
17/12/2025
|
118.00 | Rs. 6 up | 6.5x | 5500 | 124 (5.08) | Rs. 7200 | 17/12/2025, 11:36:00 pm |
|
16/12/2025
Allotment |
118.00 | Rs. 4 no-change | 6.5x | 3600 | 122 (3.39) | Rs. 4800 | 16/12/2025, 11:36:00 pm |
|
15/12/2025
Close |
118.00 | Rs. 4 down | 6.5x | 3600 | 122 (3.39) | Rs. 4800 | 15/12/2025, 11:28:00 pm |
|
14/12/2025
|
118.00 | Rs. 5 no-change | 2.38x | 4600 | 123 (4.24) | Rs. 6000 | 14/12/2025, 11:36:00 pm |
|
13/12/2025
|
118.00 | Rs. 5 no-change | 2.38x | 4600 | 123 (4.24) | Rs. 6000 | 13/12/2025, 11:28:00 pm |
|
12/12/2025
|
118.00 | Rs. 5 down | 2.38x | 4600 | 123 (4.24) | Rs. 6000 | 12/12/2025, 11:32:00 pm |
|
11/12/2025
Open |
118.00 | Rs. 9 up | 1.08x | 8200 | 127 (7.63) | Rs. 10800 | 11/12/2025, 11:31:00 pm |
|
10/12/2025
|
118.00 | Rs. 0 no-change | -- | 118 (0) | Rs. 0 | 10/12/2025, 11:31:00 pm | |
|
09/12/2025
|
118.00 | Rs. 0 no-change | -- | 118 (0) | Rs. 0 | 9/12/2025, 8:52:00 pm | |
|
08/12/2025
|
118.00 | Rs. 0 no-change | -- | 118 (0) | Rs. 0 | 8/12/2025, 4:54:00 pm | |
|
07/12/2025
|
118.00 | Rs. 0 no-change | -- | 118 (0) | Rs. 0 | 7/12/2025, 11:34:00 pm | |
|
06/12/2025
|
118.00 | Rs. 0 no-change | -- | 118 (0) | Rs. 0 | 6/12/2025, 11:32:00 pm | |
|
05/12/2025
|
118.00 | Rs. 0 no-change | -- | 118 (0) | Rs. 0 | 5/12/2025, 11:31:00 pm | |
|
04/12/2025
|
Rs. 0 no-change | -- | () | Rs. 0 | 4/12/2025, 2:10:00 pm |