| IPO Date | November 25, 2025 to November 27, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹114 to ₹121 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding (Pre-Issue) | 58,49,129 shares |
| Share Holding (Post-Issue) | 86,66,129 shares |
| Total Issue Size | 28,17,000 shares (aggregating up to ₹34.09 Cr) |
| Reserved for Market Maker | 1,56,000 shares (aggregating up to ₹1.89 Cr)Nikunj Stock Brokers Ltd. |
| Net Offered to Public | 26,61,000 shares (aggregating up to ₹32.20 Cr) |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Monday, 24 November 2025
IPO subscription opens for investorsDate: Wednesday, 26 November 2025
Last date for IPO subscriptionDate: Thursday, 27 November 2025
Expected date for share allotmentDate: Sunday, 30 November 2025
Refunds initiated for unsuccessful applicationsDate: Sunday, 30 November 2025
Shares credited to demat accountsDate: Monday, 1 December 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Thu, Nov 27, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2000 | ₹2,42,000 |
| Individual investors (Retail) (Max) | 2 | 2000 | ₹2,42,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,63,000 |
| S-HNI (Max) | 8 | 8000 | ₹9,68,000 |
| B-HNI (Min) | 9 | 9000 | ₹10,89,000 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 1,56,000 (5.54%) | - |
| QIB Shares Offered | 27,000 (0.96%) | - |
| NII (HNI) Shares Offered | 13,17,000 (46.75%) | - |
| − bNII > ₹10L | 8,78,000 (31.17%) | - |
| − sNII < ₹10L | 4,39,000 (15.58%) | - |
| Retail Shares Offered | 13,17,000 (46.75%) | - |
| Total Shares Offered | 28,17,000 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/09/2025 | - | 3.84 | 10.76 | 32.33 |
| 30/03/2025 | - | 5.38 | 6.92 | 18.16 |
| 30/03/2024 | - | 1.1 | 1.33 | 15.6 |
| KPI | Values |
|---|---|
| ROE | 130.46% |
| ROCE | 100.85% |
| Debt/Equity | 0.88 |
| RoNW | 78% |
| PAT Margin | 5.42% |
| EBITDA Margin | 8.54% |
| Price to Book Value | 9.65 |
| Market Capitalization | ₹104.86 Cr. |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 9.19 | 8.85 |
| - | 13.16 | 13.67 |
| 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) | 27,000 | 54,000 | 2.00 |
| 1(a) | foreign institutional investors (fiis) | - | 54,000 | - |
| 1(b) | domestic financial institutions (banks/ financial institutions(fis)/ insurance companies) | - | - | - |
| 1(c) | mutual funds | - | - | - |
| 1(d) | others | - | - | - |
| 2 | non institutional investors | 14,72,000 | 7,01,000 | 0.48 |
| 2.1 | non-institutional investors (bid amount of more than ten lakh rupees) | 8,77,000 | 2,68,000 | 0.31 |
| 2.1(a) | corporates | - | 1,56,000 | - |
| 2.1(b) | individuals | - | 1,12,000 | - |
| 2.1(c) | others | - | - | - |
| 2.2 | non-institutional investors (bid amount upto ten lakh rupees) | 4,39,000 | 4,33,000 | 0.99 |
| 2.2(a) | corporates | - | - | - |
| 2.2(b) | individuals (ind category bidding for more than 2 lots ) | - | 4,33,000 | - |
| 2.2(c) | others | - | - | - |
| 3 | individual investors (ind category bidding for 2 lots) | 13,18,000 | 18,36,000 | 1.39 |
| 3(a) | price bids | - | 18,36,000 | - |
| 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 | 28,17,000 | 25,91,000 | 0.92 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
01/12/2025
|
121.00 | Rs. 0 no-change | 1.62x | -- | 121 (0) | Rs. 0 | 1/12/2025, 11:35:00 pm |
|
30/11/2025
|
121.00 | Rs. 0 no-change | 1.62x | -- | 121 (0) | Rs. 0 | 30/11/2025, 11:31:00 pm |
|
29/11/2025
|
121.00 | Rs. 0 no-change | 1.62x | -- | 121 (0) | Rs. 0 | 29/11/2025, 11:32:00 pm |
|
28/11/2025
Allotment |
121.00 | Rs. 0 no-change | 1.62x | -- | 121 (0) | Rs. 0 | 28/11/2025, 11:29:00 pm |
|
27/11/2025
Close |
121.00 | Rs. 0 no-change | 1.62x | -- | 121 (0) | Rs. 0 | 27/11/2025, 11:33:00 pm |
|
26/11/2025
|
121.00 | Rs. 0 no-change | 0.92x | -- | 121 (0) | Rs. 0 | 26/11/2025, 11:33:00 pm |
|
25/11/2025
Open |
121.00 | Rs. 0 down | 0.67x | -- | 121 (0) | Rs. 0 | 25/11/2025, 11:34:00 pm |
|
24/11/2025
|
121.00 | Rs. 5 up | 3800 | 126 (4.13) | Rs. 5000 | 24/11/2025, 11:33:00 pm | |
|
23/11/2025
|
121.00 | Rs. 0 no-change | -- | 121 (0) | Rs. 0 | 23/11/2025, 11:33:00 pm | |
|
22/11/2025
|
121.00 | Rs. 0 no-change | -- | 121 (0) | Rs. 0 | 22/11/2025, 11:34:00 pm | |
|
21/11/2025
|
121.00 | Rs. 0 no-change | -- | 121 (0) | Rs. 0 | 21/11/2025, 11:32:00 pm | |
|
20/11/2025
|
120.00 | Rs. 0 no-change | -- | 120 (0) | Rs. 0 | 20/11/2025, 11:28:00 pm |