| IPO Date | October 3, 2025 to October 7, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹615 to ₹648 per share |
| Lot Size | 23 Shares |
| Sale Type | Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 13,40,23,259 shares |
| Share Holding (Post-Issue) | 13,40,23,259 shares |
| Total Issue Size | 4,62,96,296 shares (aggregating up to ₹3,000.00 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Thursday, 2 October 2025
IPO subscription opens for investorsDate: Monday, 6 October 2025
Last date for IPO subscriptionDate: Tuesday, 7 October 2025
Expected date for share allotmentDate: Wednesday, 8 October 2025
Refunds initiated for unsuccessful applicationsDate: Wednesday, 8 October 2025
Shares credited to demat accountsDate: Thursday, 9 October 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Tue, Oct 7, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14,904 |
| Retail (Max) | 13 | 299 | ₹1,93,752 |
| S-HNI (Min) | 14 | 322 | ₹2,08,656 |
| S-HNI (Max) | 67 | 1541 | ₹9,98,568 |
| B-HNI (Min) | 68 | 1564 | ₹10,13,472 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 3,46,77,581 (74.90%) | NA |
| − Anchor Investor Shares Offered | 2,08,06,548 (44.94%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,38,71,033 (29.96%) | NA |
| NII (HNI) Shares Offered | 69,35,515 (14.98%) | NA |
| − bNII > ₹10L | 46,23,677 (9.99%) | 14,359 |
| − sNII < ₹10L | 23,11,838 (4.99%) | 7,179 |
| Retail Shares Offered | 46,23,677 (9.99%) | 2,01,029 |
| Employee Shares Offered | 59,524 (0.13%) | NA |
| Total Shares Offered | 4,62,96,297 (100.00%) |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 30/03/2025 | - | 128.19 | 199.7 | 5391.67 |
| 30/03/2024 | - | -135.77 | -437.45 | 4482.76 |
| 30/03/2023 | - | -146.81 | -292.11 | 4414.02 |
| KPI | Values |
|---|---|
| RoNW | 63.80% |
| EBITDA Margin | 63.41% |
| Price to Book Value | 41.62 |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 9.56 | 9.56 |
| - | 67.75 | 67.75 |
| 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) | 1,38,71,033 | 91,25,043 | 0.66 |
| 1(a) | foreign institutional investors (fiis) | - | 22,21,708 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 11,14,810 | - |
| 1(c) | mutual funds | - | 39,36,381 | - |
| 1(d) | others | - | 18,52,144 | - |
| 2 | non institutional investors (niis) | 69,35,515 | 5,74,034 | 0.08 |
| 2.1 | non institutional investors (bid amount of more than ten lakh rupees) | 46,23,677 | 3,37,065 | 0.07 |
| 2.1(a) | corporates | - | 1,14,149 | - |
| 2.1(b) | individuals (other than riis) | - | 2,16,660 | - |
| 2.1(c) | others | - | 6,256 | - |
| 2.2 | non institutional investors (bid amount of more than two lakh and upto ten lakh rupees) | 23,11,838 | 2,36,969 | 0.10 |
| 2.2(a) | corporates | - | 2,415 | - |
| 2.2(b) | individuals (other than riis) | - | 2,33,749 | - |
| 2.2(c) | others | - | 805 | - |
| 3 | retail individual investors (riis) | 46,23,677 | 15,17,333 | 0.33 |
| 3(a) | cut off | - | 12,18,172 | - |
| 3(b) | price bids | - | 2,99,161 | - |
| 4 | employee reserved | 59,523 | 53,107 | 0.89 |
| 4(a) | employee (cut off) | - | 32,269 | - |
| 4(b) | employee (price) | - | 20,838 | - |
| 5 | reservation portionshareholder | - | - | - |
| 5(a) | rps (cut off) | - | - | - |
| 5(b) | rps (price) | - | - | - |
| total | 2,54,89,748 | 1,12,69,517 | 0.44 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
10/10/2025
Listing |
648.00 | Rs. 0 no-change | 1.15x | -- | 648 (0) | Rs. 0 | 10/10/2025, 9:35:00 am |
|
09/10/2025
|
648.00 | Rs. 0 no-change | 1.15x | -- | 648 (0) | Rs. 0 | 9/10/2025, 11:32:00 pm |
|
08/10/2025
Allotment |
648.00 | Rs. 0 no-change | 1.15x | -- | 648 (0) | Rs. 0 | 8/10/2025, 11:31:00 pm |
|
07/10/2025
Close |
648.00 | Rs. 0 no-change | 1.15x | -- | 648 (0) | Rs. 0 | 7/10/2025, 11:31:00 pm |
|
06/10/2025
|
648.00 | Rs. 0 down | 0.14x | -- | 648 (0) | Rs. 0 | 6/10/2025, 11:36:00 pm |
|
05/10/2025
|
648.00 | Rs. 5 no-change | 0.04x | 100/1400 | 653 (0.77) | Rs. 115 | 5/10/2025, 11:30:00 pm |
|
04/10/2025
|
648.00 | Rs. 5 no-change | 0.04x | 100/1400 | 653 (0.77) | Rs. 115 | 4/10/2025, 11:37:00 pm |
|
03/10/2025
Open |
648.00 | Rs. 5 down | 0.04x | 100/1400 | 653 (0.77) | Rs. 115 | 3/10/2025, 11:31:00 pm |
|
02/10/2025
|
648.00 | Rs. 15 no-change | 300/4200 | 663 (2.31) | Rs. 345 | 2/10/2025, 11:28:00 pm | |
|
01/10/2025
|
648.00 | Rs. 15 no-change | 300/4200 | 663 (2.31) | Rs. 345 | 1/10/2025, 11:28:00 pm |