| IPO Date | November 4, 2025 to November 7, 2025 |
|---|---|
| Face Value | ₹2 per share |
| Issue Price Band | ₹95 to ₹100 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 6,06,75,96,631 shares |
| Share Holding (Post-Issue) | 6,17,35,96,631 shares |
| Total Issue Size | 66,32,30,051 shares (aggregating up to ₹6,632.30 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | 55,72,30,051 shares of ₹2 (aggregating up to ₹5,572.30 Cr) |
| 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 |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹15,000 |
| Retail (Max) | 13 | 1950 | ₹1,95,000 |
| S-HNI (Min) | 14 | 2100 | ₹2,10,000 |
| S-HNI (Max) | 66 | 9900 | ₹9,90,000 |
| B-HNI (Min) | 67 | 10050 | ₹10,05,000 |
| 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 Issue | - |
| NII Shares Offered | Not more than 15% of the Net Offer | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/06/2025 | - | 378.37 | 5995.45 | 12713.18 |
| 30/03/2025 | - | 1824.37 | 4855.35 | 10077.31 |
| 29/06/2024 | - | 338.01 | 2886.28 | 10819.1 |
| 30/03/2024 | - | -805.45 | 2542.64 | 8017.97 |
| 30/03/2023 | - | 457.72 | 3316.75 | 4807.78 |
| KPI | Values |
|---|---|
| RoNW | 37.57% |
| PAT Margin | 44.92% |
| EBITDA Margin | 59.11% |
| Price to Book Value | 11.76 |
| Market Capitalization | 61735.97 |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 3.01 | 2.45 |
| - | 33.26 | 40.79 |
| 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) | 19,89,69,016 | 4,38,03,79,950 | 22.02 |
| 1(a) | foreign institutional investors (fiis) | - | 2,42,52,60,150 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 29,29,09,500 | - |
| 1(c) | mutual funds | - | 1,32,92,16,000 | - |
| 1(d) | others | - | 33,29,94,300 | - |
| 2 | non institutional investors(niis) | 9,94,84,507 | 1,41,28,99,200 | 14.20 |
| 2.1 | non institutional investors(bid amount of more than ten lakh rupees) | 6,63,23,005 | 1,07,98,37,100 | 16.28 |
| 2.1(a) | corporates | - | 1,53,44,250 | - |
| 2.1(b) | individuals (other than riis) | - | 1,00,99,70,250 | - |
| 2.1(c) | others | - | 5,45,22,600 | - |
| 2.2 | non institutional investors(bid amount of more than two lakh rupees and upto 10 lakh rupees) | 3,31,61,502 | 33,30,62,100 | 10.04 |
| 2.2(a) | corporates | - | 10,19,850 | - |
| 2.2(b) | individuals (other than riis) | - | 31,91,08,950 | - |
| 2.2(c) | others | - | 1,29,33,300 | - |
| 3 | retail individual investors (riis) | 6,63,23,005 | 62,54,21,250 | 9.43 |
| 3(a) | cut off | - | 53,49,10,500 | - |
| 3(b) | price bids | - | 9,05,10,750 | - |
| 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 | 36,47,76,528 | 6,41,87,00,400 | 17.60 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
11/11/2025
|
100.00 | Rs. 5 up | 17.6x | 600/8400 | 105 (5) | Rs. 750 | 11/11/2025, 11:37:00 pm |
|
10/11/2025
Allotment |
100.00 | Rs. 4.75 up | 17.6x | 500/7000 | 104.75 (4.75) | Rs. 712.5 | 10/11/2025, 11:36:00 pm |
|
09/11/2025
|
100.00 | Rs. 4 down | 17.6x | 500/7000 | 104 (4) | Rs. 600 | 9/11/2025, 11:30:00 pm |
|
08/11/2025
|
100.00 | Rs. 4.2 down | 17.6x | 500/7000 | 104.2 (4.2) | Rs. 630 | 8/11/2025, 11:33:00 pm |
|
07/11/2025
Close |
100.00 | Rs. 5 down | 17.6x | 600/8400 | 105 (5) | Rs. 750 | 7/11/2025, 11:35:00 pm |
|
06/11/2025
|
100.00 | Rs. 11 down | 1.64x | 1300/18200 | 111 (11) | Rs. 1650 | 6/11/2025, 11:31:00 pm |
|
05/11/2025
|
100.00 | Rs. 14.75 up | 0.57x | 1700/23800 | 114.75 (14.75) | Rs. 2212.5 | 5/11/2025, 11:34:00 pm |
|
04/11/2025
Open |
100.00 | Rs. 14 down | 0.57x | 1600/22400 | 114 (14) | Rs. 2100 | 4/11/2025, 11:28:00 pm |
|
03/11/2025
|
100.00 | Rs. 16.5 down | 1900/26600 | 116.5 (16.5) | Rs. 2475 | 3/11/2025, 11:34:00 pm | |
|
01/11/2025
|
100.00 | Rs. 16.7 up | 1900/26600 | 116.7 (16.7) | Rs. 2505 | 1/11/2025, 3:55:00 pm | |
|
31/10/2025
|
100.00 | Rs. 16 up | 1800/25200 | 116 (16) | Rs. 2400 | 31/10/2025, 11:36:00 pm | |
|
30/10/2025
|
100.00 | Rs. 15 up | 1700/23800 | 115 (15) | Rs. 2250 | 30/10/2025, 11:37:00 pm | |
|
29/10/2025
|
0 | Rs. 10 no-change | -- | 10 (0) | Rs. 0 | 29/10/2025, 11:33:00 pm | |
|
28/10/2025
|
0 | Rs. 10 no-change | -- | 10 (0) | Rs. 0 | 28/10/2025, 11:31:00 pm |