| IPO Date | November 26, 2025 to November 28, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹36 to ₹38 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding (Pre-Issue) | 1,49,39,360 shares |
| Share Holding (Post-Issue) | 2,24,39,360 shares |
| Total Issue Size | 75,00,000 shares (aggregating up to ₹28.50 Cr) |
| Reserved for Market Maker | 3,75,000 shares (aggregating up to ₹1.43 Cr)Aftertrade Broking Pvt.Ltd. |
| Net Offered to Public | 71,25,000 shares (aggregating up to ₹27.08 Cr) |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Tuesday, 25 November 2025
IPO subscription opens for investorsDate: Thursday, 27 November 2025
Last date for IPO subscriptionDate: Sunday, 30 November 2025
Expected date for share allotmentDate: Monday, 1 December 2025
Refunds initiated for unsuccessful applicationsDate: Monday, 1 December 2025
Shares credited to demat accountsDate: Tuesday, 2 December 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Fri, Nov 28, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 6000 | ₹2,28,000 |
| Individual investors (Retail) (Max) | 2 | 6000 | ₹2,28,000 |
| S-HNI (Min) | 3 | 9000 | ₹3,42,000 |
| S-HNI (Max) | 8 | 24000 | ₹9,12,000 |
| B-HNI (Min) | 9 | 27000 | ₹10,26,000 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 3,75,000 (5.00%) | - |
| QIB Shares Offered | 35,58,000 | - |
| − QIB (Ex. Anchor) Shares Offered | - | - |
| NII (HNI) Shares Offered | 10,71,000 (14.28%) | - |
| Retail Shares Offered | 24,96,000 (33.28%) | - |
| Total Shares Offered | 75,00,000 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/06/2025 | - | 15.14 | 412.38 | 1621.67 |
| 30/03/2025 | - | 46.83 | 412.38 | 1432.52 |
| 30/03/2024 | - | 2.26 | 35.04 | 111.63 |
| 30/03/2023 | - | 1.06 | 32.81 | 102.75 |
| KPI | Values |
|---|---|
| ROE | 11.79% |
| ROCE | 12.44% |
| Debt/Equity | 1.49 |
| RoNW | 11.79% |
| PAT Margin | 2.11% |
| EBITDA Margin | 6.34% |
| Price to Book Value | 1.43 |
| Market Capitalization | ₹85.27 Cr. |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 31.35 | 26.99 |
| - | 1.21 | 1.41 |
| 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) | 72,000 | 4,11,000 | 5.71 |
| 1(a) | foreign institutional investors (fiis) | - | 81,000 | - |
| 1(b) | domestic financial institutions (banks/ financial institutions(fis)/ insurance companies) | - | - | - |
| 1(c) | mutual funds | - | - | - |
| 1(d) | others | - | 3,30,000 | - |
| 2 | non institutional investors | 39,00,000 | 60,00,000 | 1.54 |
| 2.1 | non-institutional investors (bid amount of more than ten lakh rupees) | 23,49,000 | 21,36,000 | 0.91 |
| 2.1(a) | corporates | - | 3,75,000 | - |
| 2.1(b) | individuals | - | 17,61,000 | - |
| 2.1(c) | others | - | - | - |
| 2.2 | non-institutional investors (bid amount upto ten lakh rupees) | 11,76,000 | 38,64,000 | 3.29 |
| 2.2(a) | corporates | - | 18,000 | - |
| 2.2(b) | individuals (ind category bidding for more than 2 lots ) | - | 38,37,000 | - |
| 2.2(c) | others | - | 9,000 | - |
| 3 | individual investors (ind category bidding for 2 lots) | 35,28,000 | 3,42,78,000 | 9.72 |
| 3(a) | price bids | - | 3,42,78,000 | - |
| 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 | 75,00,000 | 4,06,89,000 | 5.43 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
02/12/2025
|
38.00 | Rs. 0 no-change | 5.66x | -- | 38 (0) | Rs. 0 | 2/12/2025, 11:37:00 pm |
|
01/12/2025
Allotment |
38.00 | Rs. 0 no-change | 5.66x | -- | 38 (0) | Rs. 0 | 1/12/2025, 11:32:00 pm |
|
30/11/2025
|
38.00 | Rs. 0 no-change | 5.66x | -- | 38 (0) | Rs. 0 | 30/11/2025, 11:31:00 pm |
|
29/11/2025
|
38.00 | Rs. 0 no-change | 5.66x | -- | 38 (0) | Rs. 0 | 29/11/2025, 11:36:00 pm |
|
28/11/2025
Close |
38.00 | Rs. 0 no-change | 5.66x | -- | 38 (0) | Rs. 0 | 28/11/2025, 11:34:00 pm |
|
27/11/2025
|
38.00 | Rs. 0 no-change | 1.74x | -- | 38 (0) | Rs. 0 | 27/11/2025, 11:30:00 pm |
|
26/11/2025
Open |
38.00 | Rs. 0 down | 0.79x | -- | 38 (0) | Rs. 0 | 26/11/2025, 11:37:00 pm |
|
25/11/2025
|
38.00 | Rs. 7 up | 16000 | 45 (18.42) | Rs. 21000 | 25/11/2025, 11:28:00 pm | |
|
24/11/2025
|
38.00 | Rs. 0 no-change | -- | 38 (0) | Rs. 0 | 24/11/2025, 11:36:00 pm | |
|
23/11/2025
|
38.00 | Rs. 0 no-change | -- | 38 (0) | Rs. 0 | 23/11/2025, 11:31:00 pm | |
|
22/11/2025
|
38.00 | Rs. 0 no-change | -- | 38 (0) | Rs. 0 | 22/11/2025, 11:35:00 pm | |
|
21/11/2025
|
38.00 | Rs. 0 no-change | -- | 38 (0) | Rs. 0 | 21/11/2025, 11:33:00 pm |