| IPO Date | November 28, 2025 to December 2, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹183 to ₹193 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding (Pre-Issue) | 57,73,500 shares |
| Share Holding (Post-Issue) | 74,67,900 shares |
| Total Issue Size | 18,81,000 shares (aggregating up to ₹36.30 Cr) |
| Reserved for Market Maker | 1,03,800 shares (aggregating up to ₹2.00 Cr) |
| Net Offered to Public | 17,77,200 shares (aggregating up to ₹34.30 Cr) |
| Offer for Sale | 1,86,600 shares of ₹10 (aggregating up to ₹3.60 Cr) |
| Fresh Issue (ex Market Maker) | 15,90,600 shares (aggregating up to ₹30.70 Cr) |
Date: Thursday, 27 November 2025
IPO subscription opens for investorsDate: Monday, 1 December 2025
Last date for IPO subscriptionDate: Tuesday, 2 December 2025
Expected date for share allotmentDate: Wednesday, 3 December 2025
Refunds initiated for unsuccessful applicationsDate: Wednesday, 3 December 2025
Shares credited to demat accountsDate: Thursday, 4 December 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Tue, Dec 2, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1200 | ₹2,31,600 |
| Individual investors (Retail) (Max) | 2 | 1200 | ₹2,31,600 |
| S-HNI (Min) | 3 | 1800 | ₹3,47,400 |
| S-HNI (Max) | 8 | 4800 | ₹9,26,400 |
| B-HNI (Min) | 9 | 5400 | ₹10,42,200 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer | - |
| Retail Shares Offered | Not more than 35% of the Net offer | - |
| NII Shares Offered | Not less than 15% of the net offer | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 30/03/2025 | - | 5.47 | 23.72 | 27.4 |
| 30/03/2024 | - | 3.97 | 9.66 | 12.98 |
| 30/03/2023 | - | 1.34 | 5.69 | 8.57 |
| KPI | Values |
|---|---|
| ROE | 32.80% |
| ROCE | 31.95% |
| Debt/Equity | 0.00 |
| RoNW | 32.80% |
| PAT Margin | 26.19% |
| EBITDA Margin | 38.95% |
| Price to Book Value | 4.70 |
| Market Capitalization | ₹144.13 Cr. |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 9.48 | 7.33 |
| - | 20.35 | 26.33 |
| 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) | 1,00,200 | 1,32,600 | 1.32 |
| 1(a) | foreign institutional investors (fiis) | - | 1,03,800 | - |
| 1(b) | domestic financial institutions (banks/ financial institutions(fis)/ insurance companies) | - | - | - |
| 1(c) | mutual funds | - | - | - |
| 1(d) | others | - | 28,800 | - |
| 2 | non institutional investors | 10,32,600 | 7,77,600 | 0.75 |
| 2.1 | non-institutional investors (bid amount of more than ten lakh rupees) | 6,19,200 | 3,68,400 | 0.60 |
| 2.1(a) | corporates | - | 1,09,200 | - |
| 2.1(b) | individuals | - | 2,59,200 | - |
| 2.1(c) | others | - | - | - |
| 2.2 | non-institutional investors (bid amount upto ten lakh rupees) | 3,09,600 | 4,09,200 | 1.32 |
| 2.2(a) | corporates | - | 1,800 | - |
| 2.2(b) | individuals (ind category bidding for more than 2 lots ) | - | 4,05,600 | - |
| 2.2(c) | others | - | 1,800 | - |
| 3 | individual investors (ind category bidding for 2 lots) | 9,34,800 | 32,02,800 | 3.43 |
| 3(a) | price bids | - | 32,02,800 | - |
| 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 | 20,67,600 | 41,13,000 | 1.99 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
04/12/2025
|
193.00 | Rs. 0 no-change | 2.04x | -- | 193 (0) | Rs. 0 | 4/12/2025, 11:37:00 pm |
|
03/12/2025
Allotment |
193.00 | Rs. 0 no-change | 2.04x | -- | 193 (0) | Rs. 0 | 3/12/2025, 11:31:00 pm |
|
02/12/2025
Close |
193.00 | Rs. 0 no-change | 2.04x | -- | 193 (0) | Rs. 0 | 2/12/2025, 11:33:00 pm |
|
01/12/2025
|
193.00 | Rs. 0 no-change | 1.48x | -- | 193 (0) | Rs. 0 | 1/12/2025, 11:29:00 pm |
|
30/11/2025
|
193.00 | Rs. 0 no-change | 1x | -- | 193 (0) | Rs. 0 | 30/11/2025, 11:35:00 pm |
|
29/11/2025
|
193.00 | Rs. 0 no-change | 1x | -- | 193 (0) | Rs. 0 | 29/11/2025, 11:30:00 pm |
|
28/11/2025
Open |
193.00 | Rs. 0 down | 1x | -- | 193 (0) | Rs. 0 | 28/11/2025, 11:30:00 pm |
|
27/11/2025
|
193.00 | Rs. 40 up | 18200 | 233 (20.73) | Rs. 24000 | 27/11/2025, 11:29:00 pm | |
|
26/11/2025
|
193.00 | Rs. 0 no-change | -- | 193 (0) | Rs. 0 | 26/11/2025, 11:30:00 pm | |
|
25/11/2025
|
193.00 | Rs. 0 no-change | -- | () | Rs. 0 | 25/11/2025, 8:00:00 am |