| IPO Date | December 8, 2025 to December 10, 2025 |
|---|---|
| Face Value | ₹1 per share |
| Issue Price Band | ₹185 to ₹195 per share |
| Lot Size | 76 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 30,74,86,214 shares |
| Share Holding (Post-Issue) | 32,68,28,675 shares |
| Total Issue Size | 6,60,96,866 shares (aggregating up to ₹1,288.89 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | 4,67,54,405 shares of ₹1 (aggregating up to ₹911.71 Cr) |
| Fresh Issue (ex Market Maker) | - |
Date: Sunday, 7 December 2025
IPO subscription opens for investorsDate: Tuesday, 9 December 2025
Last date for IPO subscriptionDate: Wednesday, 10 December 2025
Expected date for share allotmentDate: Thursday, 11 December 2025
Refunds initiated for unsuccessful applicationsDate: Thursday, 11 December 2025
Shares credited to demat accountsDate: Sunday, 14 December 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Wed, Dec 10, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 76 | ₹14,820 |
| Retail (Max) | 13 | 988 | ₹1,92,660 |
| S-HNI (Min) | 14 | 1064 | ₹2,07,480 |
| S-HNI (Max) | 67 | 5092 | ₹9,92,940 |
| B-HNI (Min) | 68 | 5168 | ₹10,07,760 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | Not less than 75% of the Net Offer | - |
| Retail Shares Offered | Not more than 10% of the Net Offer | - |
| NII Shares Offered | Not more than 15% of the Net Offer | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| Invalid Date | - | 35.57 | 557.34 | 1220.34 |
| Invalid Date | - | -35 | 520.57 | 1050.75 |
| Invalid Date | - | -15.05 | 543.61 | 928.3 |
| Invalid Date | - | -145.68 | 505.08 | 791.8 |
| KPI | Values |
|---|---|
| ROE | -6.58% |
| ROCE | -0.68% |
| Debt/Equity | 0.53 |
| RoNW | -6.72% |
| PAT Margin | -2.75% |
| EBITDA Margin | 7.13% |
| Market Capitalization | ₹6,373.16 Cr. |
| 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) | 1,98,29,061 | 6,02,46,188 | 3.04 |
| 1(a) | foreign institutional investors (fiis) | - | 3,54,10,072 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 1,23,10,176 | - |
| 1(c) | mutual funds | - | 1,23,07,440 | - |
| 1(d) | others | - | 2,18,500 | - |
| 2 | non institutional investors(niis) | 99,14,529 | 1,04,51,748 | 1.05 |
| 2.1 | non institutional investors(bid amount of more than ten lakh rupees) | 66,09,686 | 57,88,084 | 0.88 |
| 2.1(a) | corporates | - | 12,55,216 | - |
| 2.1(b) | individuals (other than riis) | - | 43,73,040 | - |
| 2.1(c) | others | - | 1,59,828 | - |
| 2.2 | non institutional investors(bid amount of more than two lakh rupees and upto 10 lakh rupees) | 33,04,843 | 46,63,664 | 1.41 |
| 2.2(a) | corporates | - | 34,732 | - |
| 2.2(b) | individuals (other than riis) | - | 44,72,980 | - |
| 2.2(c) | others | - | 1,55,952 | - |
| 3 | retail individual investors (riis) | 66,09,686 | 2,09,74,784 | 3.17 |
| 3(a) | cut off | - | 1,79,86,236 | - |
| 3(b) | price bids | - | 29,88,548 | - |
| 4 | employee reserved | - | - | - |
| 4(a) | employee (cut off) | - | - | - |
| 4(b) | employee (price) | - | - | - |
| 5 | reservation portionshareholder | - | - | - |
| 5(a) | rps (cut off) | - | - | - |
| 5(b) | rps (price) | - | - | - |
| total | 3,63,53,276 | 9,16,72,720 | 2.52 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
14/12/2025
|
195.00 | Rs. 4 down | 2.52x | 200/2800 | 199 (2.05) | Rs. 304 | 14/12/2025, 11:37:00 pm |
|
13/12/2025
|
195.00 | Rs. 7 up | 2.52x | 400/5600 | 202 (3.59) | Rs. 532 | 13/12/2025, 11:29:00 pm |
|
12/12/2025
|
195.00 | Rs. 4 up | 2.52x | 200/2800 | 199 (2.05) | Rs. 304 | 12/12/2025, 11:31:00 pm |
|
11/12/2025
Allotment |
195.00 | Rs. 0 no-change | 2.52x | -- | 195 (0) | Rs. 0 | 11/12/2025, 11:35:00 pm |
|
10/12/2025
Close |
195.00 | Rs. 0 down | 2.52x | -- | 195 (0) | Rs. 0 | 10/12/2025, 11:37:00 pm |
|
09/12/2025
|
195.00 | Rs. 2 down | 0.4x | 100/1400 | 197 (1.03) | Rs. 152 | 9/12/2025, 8:49:00 pm |
|
08/12/2025
Open |
195.00 | Rs. 5 down | 0.16x | 300/4200 | 200 (2.56) | Rs. 380 | 8/12/2025, 4:58:00 pm |
|
07/12/2025
|
195.00 | Rs. 36 no-change | 2100/29400 | 231 (18.46) | Rs. 2736 | 7/12/2025, 11:29:00 pm | |
|
06/12/2025
|
195.00 | Rs. 36 no-change | 2100/29400 | 231 (18.46) | Rs. 2736 | 6/12/2025, 11:34:00 pm | |
|
05/12/2025
|
195.00 | Rs. 36 no-change | 2100/29400 | 231 (18.46) | Rs. 2736 | 5/12/2025, 11:29:00 pm | |
|
04/12/2025
|
195.00 | Rs. 36 no-change | 2100/29400 | 231 (18.46) | Rs. 2736 | 4/12/2025, 11:31:00 pm | |
|
03/12/2025
|
195.00 | Rs. 36 no-change | 2100/29400 | 231 (18.46) | Rs. 2736 | 3/12/2025, 11:30:00 pm | |
|
02/12/2025
|
195.00 | Rs. 36 up | 2100/29400 | 231 (18.46) | Rs. 2736 | 2/12/2025, 11:37:00 pm | |
|
01/12/2025
|
Rs. 0 no-change | -- | (0) | Rs. 0 | 1/12/2025, 5:55:00 am | ||
|
30/11/2025
|
Rs. 0 no-change | -- | () | Rs. 0 | 30/11/2025, 3:50:00 pm |