| IPO Date | 21 to 23 Jan, 2026 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | - |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding (Pre-Issue) | 1,55,20,800 shares |
| Share Holding (Post-Issue) | 2,12,60,800 shares |
| Total Issue Size | 57,40,000 shares (agg. up to ₹77 Cr) |
| Reserved for Market Maker | 5,74,000 shares (agg. up to ₹8 Cr)Mansi Share & Stock Broking Pvt.Ltd. |
| Net Offered to Public | 51,66,000 shares (agg. up to ₹70 Cr) |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Wednesday, 21 January 2026
IPO subscription opens for investorsDate: Friday, 23 January 2026
Last date for IPO subscriptionDate: Tuesday, 27 January 2026
Expected date for share allotmentDate: Wednesday, 28 January 2026
Refunds initiated for unsuccessful applicationsDate: Wednesday, 28 January 2026
Shares credited to demat accountsDate: Thursday, 29 January 2026
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: -
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2000 | ₹2,70,000 |
| Individual investors (Retail) (Max) | 2 | 2000 | ₹2,70,000 |
| S-HNI (Min) | 3 | 3000 | ₹4,05,000 |
| S-HNI (Max) | 7 | 7000 | ₹9,45,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,80,000 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 5,74,000 (10.00%) | - |
| QIB Shares Offered | 25,74,000 (44.84%) | - |
| − Anchor Investor Shares Offered | 15,42,000 (26.86%) | - |
| − QIB (Ex. Anchor) Shares Offered | 10,32,000 (17.98%) | - |
| NII (HNI) Shares Offered | 7,80,000 (13.59%) | - |
| Retail Shares Offered | 18,12,000 (31.57%) | - |
| Total Shares Offered | 57,40,000 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/09/2025 | 48.65 | 8.14 | 36.13 | 78.12 |
| 30/03/2025 | 76.95 | 12.1 | 23.88 | 66.79 |
| 30/03/2024 | 67.57 | 3.41 | 11.78 | 43.91 |
| 30/03/2023 | 89.38 | 7.6 | 8.37 | 39.48 |
| KPI | Values |
|---|---|
| ROE | - |
| ROCE | - |
| Debt/Equity | - |
| RoNW | - |
| PAT Margin | - |
| EBITDA Margin | - |
| Price to Book Value | - |
| type | pre_ipo | post_ipo |
|---|---|---|
| EPS Rs | 7.79 | 5.69 |
| P/E (x) | 17.32 | 23.73 |
| Promoter Holding | 92.16% | 67.28% |
| Market Cap | ₹287.02 Cr. |
| 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) | - | - | - |
| 1(a) | Foreign Institutional Investors(FIIs) | - | - | - |
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | - | - | - |
| 1(c) | Mutual funds | - | - | - |
| 1(d) | Others | - | - | - |
| 2 | Non Institutional Investors | - | 12,94,000 | - |
| 2.1 | Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | - | 10,02,000 | - |
| 2.1(a) | Corporates | - | 2,87,000 | - |
| 2.1(b) | Individuals(IND category bidding for more than 2 Lots) | - | 7,15,000 | - |
| 2.1(c) | Others | - | - | - |
| 2.2 | Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | - | 2,92,000 | - |
| 2.2(a) | Corporates | - | 3,000 | - |
| 2.2(b) | Individuals(IND category bidding for more than 2 Lots) | - | 2,89,000 | - |
| 2.2(c) | Others | - | - | - |
| 3 | Individual Investors (IND category bidding for 2 Lots) | - | 29,68,000 | - |
| - | Total | - | 42,62,000 | - |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
21/01/2026
Open |
135.00 | Rs. 12 down | 0.72x | 9100 | 147 (8.89) | Rs. 12000 | 21/1/2026, 1:31:00 pm |
|
20/01/2026
|
135.00 | Rs. 21 up | 16000 | 156 (15.56) | Rs. 21000 | 20/1/2026, 11:31:00 pm | |
|
19/01/2026
|
135.00 | Rs. 20 no-change | 15200 | 155 (14.81) | Rs. 20000 | 19/1/2026, 11:30:00 pm | |
|
18/01/2026
|
135.00 | Rs. 20 no-change | 15200 | 155 (14.81) | Rs. 20000 | 18/1/2026, 11:34:00 pm | |
|
17/01/2026
|
135.00 | Rs. 20 up | 15200 | 155 (14.81) | Rs. 20000 | 17/1/2026, 11:30:00 pm | |
|
16/01/2026
|
135.00 | Rs. 18 up | 13700 | 153 (13.33) | Rs. 18000 | 16/1/2026, 4:56:00 pm | |
|
15/01/2026
|
135.00 | Rs. 15 up | 11400 | 150 (11.11) | Rs. 15000 | 15/1/2026, 11:33:00 pm | |
|
14/01/2026
|
135.00 | Rs. 0 no-change | -- | (NaN) | Rs. | 14/1/2026, 8:30:00 am |