| IPO Date | November 11, 2025 to November 13, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹108 to ₹114 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding (Pre-Issue) | 1,77,66,200 shares |
| Share Holding (Post-Issue) | 2,34,05,000 shares |
| Total Issue Size | 61,78,800 shares (aggregating up to ₹70.44 Cr) |
| Reserved for Market Maker | 3,09,600 shares (aggregating up to ₹3.53 Cr)Mansi Share & Stock Broking Pvt.Ltd. |
| Net Offered to Public | 58,69,200 shares (aggregating up to ₹66.91 Cr) |
| Offer for Sale | 5,40,000 shares of ₹10 (aggregating up to ₹6.16 Cr) |
| Fresh Issue (ex Market Maker) | 53,29,200 shares (aggregating up to ₹60.75 Cr) |
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 |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2400 | ₹2,73,600 |
| Individual investors (Retail) (Max) | 2 | 2400 | ₹2,73,600 |
| S-HNI (Min) | 3 | 3600 | ₹4,10,400 |
| S-HNI (Max) | 7 | 8400 | ₹9,57,600 |
| B-HNI (Min) | 8 | 9600 | ₹10,94,400 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 3,09,600 (5.01%) | - |
| QIB Shares Offered | 29,28,000 (47.39%) | - |
| − Anchor Investor Shares Offered | 17,52,000 (28.36%) | - |
| − QIB (Ex. Anchor) Shares Offered | 11,76,000 (19.03%) | - |
| NII (HNI) Shares Offered | 8,82,000 (14.27%) | - |
| − bNII > ₹10L | 5,88,000 (9.52%) | - |
| − sNII < ₹10L | 2,94,000 (4.76%) | - |
| Retail Shares Offered | 20,59,200 (33.33%) | - |
| Total Shares Offered | 61,78,800 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/06/2025 | - | 4.1 | 53.5 | 218.87 |
| 30/03/2025 | - | 12.94 | 49.42 | 188.35 |
| 30/03/2024 | - | 5.22 | 24.66 | 112.07 |
| 30/03/2023 | - | 3.75 | 19.44 | 77.88 |
| KPI | Values |
|---|---|
| ROE | 34.94% |
| ROCE | 23.15% |
| Debt/Equity | 1.08 |
| RoNW | 26.19% |
| PAT Margin | 4.84% |
| EBITDA Margin | 9.22% |
| Price to Book Value | 9.40 |
| Market Capitalization | 266.82 |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 7.29 | 7.01 |
| - | 15.65 | 16.25 |
| 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) | 11,76,000 | 14,01,600 | 1.19 |
| 1(a) | foreign institutional investors (fiis) | - | 5,84,400 | - |
| 1(b) | domestic financial institutions (banks/ financial institutions(fis)/ insurance companies) | - | - | - |
| 1(c) | mutual funds | - | - | - |
| 1(d) | others | - | 8,17,200 | - |
| 2 | non institutional investors | 11,91,600 | 35,14,800 | 2.95 |
| 2.1 | non-institutional investors (bid amount of more than ten lakh rupees) | 5,88,000 | 32,50,800 | 5.53 |
| 2.1(a) | corporates | - | 7,51,200 | - |
| 2.1(b) | individuals | - | 22,40,400 | - |
| 2.1(c) | others | - | 2,59,200 | - |
| 2.2 | non-institutional investors (bid amount upto ten lakh rupees) | 2,94,000 | 2,64,000 | 0.90 |
| 2.2(a) | corporates | - | 7,200 | - |
| 2.2(b) | individuals (ind category bidding for more than 2 lots ) | - | 2,56,800 | - |
| 2.2(c) | others | - | - | - |
| 3 | individual investors (ind category bidding for 2 lots) | 20,59,200 | 21,07,200 | 1.02 |
| 3(a) | price bids | - | 21,07,200 | - |
| 4 | eligible employees (emp) | - | - | - |
| 4(a) | price bids | - | - | - |
| 5 | eligible share holders (sha) | - | - | - |
| 5(a) | price bids | - | - | - |
| 6 | eligible policy holders (pol) | - | - | - |
| 6(a) | price bids | - | - | - |
| total | 44,26,800 | 70,23,600 | 1.59 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
17/11/2025
|
114.00 | Rs. 0 no-change | - | -- | 114 (0) | Rs. 0 | 17/11/2025, 4:32:00 pm |
|
16/11/2025
|
114.00 | Rs. 0 no-change | - | -- | 114 (0) | Rs. 0 | 16/11/2025, 11:33:00 pm |
|
15/11/2025
|
114.00 | Rs. 0 no-change | - | -- | 114 (0) | Rs. 0 | 15/11/2025, 11:35:00 pm |
|
14/11/2025
Allotment |
114.00 | Rs. 0 no-change | - | -- | 114 (0) | Rs. 0 | 14/11/2025, 11:32:00 pm |
|
13/11/2025
Close |
114.00 | Rs. 0 no-change | - | -- | 114 (0) | Rs. 0 | 13/11/2025, 11:34:00 pm |
|
12/11/2025
|
114.00 | Rs. 0 no-change | - | -- | 114 (0) | Rs. 0 | 12/11/2025, 11:35:00 pm |
|
11/11/2025
Open |
114.00 | Rs. 0 no-change | - | -- | 114 (0) | Rs. 0 | 11/11/2025, 11:35:00 pm |
|
10/11/2025
|
114.00 | Rs. 0 no-change | - | -- | 114 (0) | Rs. 0 | 10/11/2025, 11:35:00 pm |
|
09/11/2025
|
114.00 | Rs. 0 no-change | - | -- | 114 (0) | Rs. 0 | 9/11/2025, 11:32:00 pm |
|
08/11/2025
|
114.00 | Rs. 0 no-change | - | -- | 114 (0) | Rs. 0 | 8/11/2025, 11:29:00 pm |
|
07/11/2025
|
114.00 | Rs. 0 no-change | - | -- | 114 (0) | Rs. 0 | 7/11/2025, 11:28:00 pm |
|
06/11/2025
|
114.00 | Rs. 0 no-change | - | -- | 114 (0) | Rs. 0 | 6/11/2025, 11:35:00 pm |
|
05/11/2025
|
114.00 | Rs. 0 no-change | - | -- | 114 (0) | Rs. 0 | 5/11/2025, 11:35:00 pm |
|
04/11/2025
|
114.00 | Rs. 0 no-change | - | -- | 114 (0) | Rs. 0 | 4/11/2025, 11:31:00 pm |