| IPO Date | 11 to 13 Mar, 2026 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | - |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding (Pre-Issue) | 87,99,921 shares |
| Share Holding (Post-Issue) | 1,20,51,921 shares |
| Total Issue Size | 32,52,000 shares (agg. up to ₹36 Cr) |
| Reserved for Market Maker | 1,65,600 shares (agg. up to ₹2 Cr)Basan Equity Broking Ltd. |
| Net Offered to Public | 30,86,400 shares (agg. up to ₹34 Cr) |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Wednesday, 11 March 2026
IPO subscription opens for investorsDate: Friday, 13 March 2026
Last date for IPO subscriptionDate: Monday, 16 March 2026
Expected date for share allotmentDate: Tuesday, 17 March 2026
Refunds initiated for unsuccessful applicationsDate: Tuesday, 17 March 2026
Shares credited to demat accountsDate: Wednesday, 18 March 2026
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: -
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2400 | ₹2,64,000 |
| Individual investors (Retail) (Max) | 2 | 2400 | ₹2,64,000 |
| S-HNI (Min) | 3 | 3600 | ₹3,96,000 |
| S-HNI (Max) | 7 | 8400 | ₹9,24,000 |
| B-HNI (Min) | 8 | 9600 | ₹10,56,000 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 1,65,600 (5.09%) | - |
| QIB Shares Offered | 15,39,600 (47.34%) | - |
| − Anchor Investor Shares Offered | 9,15,600 (28.15%) | - |
| − QIB (Ex. Anchor) Shares Offered | 6,24,000 (19.19%) | - |
| NII (HNI) Shares Offered | 4,64,400 (14.28%) | - |
| − bNII > ₹10L | 3,09,600 (9.52%) | - |
| − sNII < ₹10L | 1,54,800 (4.76%) | - |
| Retail Shares Offered | 10,82,400 (33.28%) | - |
| Total Shares Offered | 32,52,000 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/09/2025 | 13.7 | 3.12 | 13.69 | 23.56 |
| 30/03/2025 | 20.57 | 6.64 | 10.57 | 18.46 |
| 30/03/2024 | 16.88 | 2.55 | 3.93 | 11.93 |
| 30/03/2023 | 10.41 | 1.03 | 1.37 | 7.22 |
| KPI | Values |
|---|---|
| ROE | - |
| ROCE | - |
| RoNW | - |
| PAT Margin | - |
| EBITDA Margin | - |
| Price to Book Value | - |
| type | pre_ipo | post_ipo |
|---|---|---|
| EPS (₹) | 7.54 | 5.51 |
| P/E (x) | 14.58 | 19.97 |
| Promoter Holding | 100% | 73.02% |
| Market Cap | ₹132.57 Cr. |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
18/03/2026
Listing |
110.00 | Rs. 26 no-change | 129.33x | 23700 | 136 (23.64) | Rs. 31200 | 18/3/2026, 8:29:00 am |
|
17/03/2026
|
110.00 | Rs. 26 up | 129.33x | 23700 | 136 (23.64) | Rs. 31200 | 17/3/2026, 11:37:00 pm |
|
16/03/2026
Allotment |
110.00 | Rs. 20 up | 129.33x | 18200 | 130 (18.18) | Rs. 24000 | 16/3/2026, 11:29:00 pm |
|
15/03/2026
|
110.00 | Rs. 18 up | 129.33x | 16400 | 128 (16.36) | Rs. 21600 | 15/3/2026, 11:34:00 pm |
|
14/03/2026
|
110.00 | Rs. 17 no-change | 129.33x | 15500 | 127 (15.45) | Rs. 20400 | 14/3/2026, 11:31:00 pm |
|
13/03/2026
Close |
110.00 | Rs. 17 down | 129.33x | 15500 | 127 (15.45) | Rs. 20400 | 13/3/2026, 11:29:00 pm |
|
12/03/2026
|
110.00 | Rs. 18 down | 15.6x | 16400 | 128 (16.36) | Rs. 21600 | 12/3/2026, 11:28:00 pm |
|
11/03/2026
Open |
110.00 | Rs. 23 up | 3.39x | 21000 | 133 (20.91) | Rs. 27600 | 11/3/2026, 11:28:00 pm |
|
10/03/2026
|
110.00 | Rs. 9 up | 8200 | 119 (8.18) | Rs. 10800 | 10/3/2026, 11:37:00 pm | |
|
09/03/2026
|
110.00 | Rs. 0 no-change | -- | 110 (0) | Rs. 0 | 9/3/2026, 11:30:00 pm | |
|
08/03/2026
|
110.00 | Rs. 0 no-change | -- | 110 (0) | Rs. 0 | 8/3/2026, 11:36:00 pm | |
|
07/03/2026
|
110.00 | Rs. 0 no-change | -- | 110 (0) | Rs. 0 | 7/3/2026, 11:35:00 pm | |
|
06/03/2026
|
110.00 | Rs. 0 no-change | -- | 110 (0) | Rs. 0 | 6/3/2026, 11:34:00 pm | |
|
05/03/2026
|
110.00 | Rs. 0 no-change | -- | 110 (0) | Rs. 0 | 5/3/2026, 11:31:00 pm |