| IPO Date | November 4, 2025 to November 7, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹120 to ₹125 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding (Pre-Issue) | 1,59,60,000 shares |
| Share Holding (Post-Issue) | 2,27,60,000 shares |
| Total Issue Size | 68,00,000 shares (aggregating up to ₹85.00 Cr) |
| Reserved for Market Maker | 3,40,000 shares (aggregating up to ₹4.25 Cr)B.N.Rathi Securities Ltd. Svcm Securities Pvt.Ltd. |
| Net Offered to Public | 64,60,000 shares (aggregating up to ₹80.75 Cr) |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Monday, 3 November 2025
IPO subscription opens for investorsDate: Thursday, 6 November 2025
Last date for IPO subscriptionDate: Sunday, 9 November 2025
Expected date for share allotmentDate: Monday, 10 November 2025
Refunds initiated for unsuccessful applicationsDate: Monday, 10 November 2025
Shares credited to demat accountsDate: Tuesday, 11 November 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Fri, Nov 7, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2000 | ₹2,50,000 |
| Individual investors (Retail) (Max) | 2 | 2000 | ₹2,50,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,75,000 |
| S-HNI (Max) | 8 | 8000 | ₹10,00,000 |
| B-HNI (Min) | 9 | 9000 | ₹11,25,000 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 3,40,000 (5.00%) | - |
| QIB Shares Offered | 19,38,000 (28.50%) | - |
| − Anchor Investor Shares Offered | 11,62,000 (17.09%) | - |
| − QIB (Ex. Anchor) Shares Offered | 7,76,000 (11.41%) | - |
| NII (HNI) Shares Offered | 13,56,000 (19.94%) | - |
| − bNII > ₹10L | 9,04,000 (13.29%) | - |
| − sNII < ₹10L | 4,52,000 (6.65%) | - |
| Retail Shares Offered | 31,66,000 (46.56%) | - |
| Total Shares Offered | 68,00,000 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 30/08/2025 | - | 9.2 | 38.76 | 128.76 |
| 30/03/2025 | - | 12.15 | 29.56 | 117.06 |
| 30/03/2024 | - | 5.47 | 17.22 | 117.39 |
| 30/03/2023 | - | 2.05 | 9.01 | 59.98 |
| KPI | Values |
|---|---|
| ROE | 51.74% |
| ROCE | 32.07% |
| Debt/Equity | 1.03 |
| RoNW | 41.11% |
| PAT Margin | 1.87% |
| EBITDA Margin | 3.13% |
| Price to Book Value | 10.50 |
| Market Capitalization | 284.50 |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 7.61 | 9.70 |
| - | 16.42 | 12.89 |
| 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 | - | 9,09,000 | - |
| 2.1 | Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | - | 7,36,000 | - |
| 2.1(a) | Corporates | - | 1,70,000 | - |
| 2.1(b) | Individuals(IND category bidding for more than 2 Lots) | - | 5,66,000 | - |
| 2.1(c) | Others | - | - | - |
| 2.2 | Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | - | 1,73,000 | - |
| 2.2(a) | Corporates | - | 3,000 | - |
| 2.2(b) | Individuals(IND category bidding for more than 2 Lots) | - | 1,70,000 | - |
| 2.2(c) | Others | - | - | - |
| 3 | Individual Investors (IND category bidding for 2 Lots) | - | 12,94,000 | - |
| - | Total | - | 22,03,000 | - |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
05/11/2025
|
125.00 | Rs. 0 no-change | - | -- | 125 (0) | Rs. 0 | 5/11/2025, 9:37:00 am |
|
04/11/2025
Open |
125.00 | Rs. 0 no-change | - | -- | 125 (0) | Rs. 0 | 4/11/2025, 11:32:00 pm |
|
03/11/2025
|
125.00 | Rs. 0 no-change | - | -- | 125 (0) | Rs. 0 | 3/11/2025, 11:33:00 pm |
|
01/11/2025
|
125.00 | Rs. 0 no-change | - | -- | 125 (0) | Rs. 0 | 1/11/2025, 4:00:00 pm |
|
31/10/2025
|
125.00 | Rs. 0 no-change | - | -- | 125 (0) | Rs. 0 | 31/10/2025, 11:33:00 pm |
|
30/10/2025
|
125.00 | Rs. 0 no-change | - | -- | 125 (0) | Rs. 0 | 30/10/2025, 11:32:00 pm |
|
29/10/2025
|
125.00 | Rs. 0 no-change | - | -- | 125 (0) | Rs. 0 | 29/10/2025, 11:36:00 pm |
|
28/10/2025
|
125.00 | Rs. 0 no-change | - | -- | 125 (0) | Rs. 0 | 28/10/2025, 11:37:00 pm |
|
27/10/2025
|
125.00 | Rs. 0 no-change | - | -- | 125 (0) | Rs. 0 | 27/10/2025, 11:33:00 pm |
|
26/10/2025
|
125.00 | Rs. 0 no-change | - | -- | 125 (0) | Rs. 0 | 26/10/2025, 11:31:00 pm |
|
25/10/2025
|
125.00 | Rs. 0 no-change | - | -- | 125 (0) | Rs. 0 | 25/10/2025, 11:32:00 pm |
|
24/10/2025
|
125.00 | Rs. 0 no-change | - | -- | 125 (0) | Rs. 0 | 24/10/2025, 11:33:00 pm |
|
23/10/2025
|
125.00 | Rs. 0 no-change | - | -- | 125 (0) | Rs. 0 | 23/10/2025, 11:37:00 pm |
|
22/10/2025
|
125.00 | Rs. 0 no-change | - | -- | 125 (0) | Rs. 0 | 22/10/2025, 11:36:00 pm |
|
21/10/2025
|
125.00 | Rs. 0 no-change | - | -- | 125 (0) | Rs. 0 | 21/10/2025, 11:35:00 pm |
|
20/10/2025
|
125.00 | Rs. 0 no-change | - | -- | (0) | Rs. 0 | 20/10/2025, 5:55:00 am |
|
19/10/2025
|
125.00 | Rs. 0 no-change | - | -- | (0) | Rs. 0 | 19/10/2025, 5:55:00 am |
|
18/10/2025
|
125.00 | Rs. 0 no-change | - | -- | (0) | Rs. 0 | 18/10/2025, 5:55:00 am |
|
17/10/2025
|
125.00 | Rs. 0 no-change | - | -- | () | Rs. 0 | 17/10/2025, 8:34:00 am |