| 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 | 2,03,58,000 | 0.10 |
| 1(a) | foreign institutional investors (fiis) | - | 4,200 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 2,100 | - |
| 1(c) | mutual funds | - | 1,99,99,950 | - |
| 1(d) | others | - | 3,51,750 | - |
| 2 | non institutional investors(niis) | 9,94,84,507 | 5,91,48,300 | 0.59 |
| 2.1 | non institutional investors(bid amount of more than ten lakh rupees) | 6,63,23,005 | 2,70,28,650 | 0.41 |
| 2.1(a) | corporates | - | 4,59,150 | - |
| 2.1(b) | individuals (other than riis) | - | 2,57,17,500 | - |
| 2.1(c) | others | - | 8,52,000 | - |
| 2.2 | non institutional investors(bid amount of more than two lakh rupees and upto 10 lakh rupees) | 3,31,61,502 | 3,21,19,650 | 0.97 |
| 2.2(a) | corporates | - | 1,43,400 | - |
| 2.2(b) | individuals (other than riis) | - | 3,15,04,200 | - |
| 2.2(c) | others | - | 4,72,050 | - |
| 3 | retail individual investors (riis) | 6,63,23,005 | 12,68,00,850 | 1.91 |
| 3(a) | cut off | - | 11,19,28,350 | - |
| 3(b) | price bids | - | 1,48,72,500 | - |
| 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 | 20,63,07,150 | 0.57 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
05/11/2025
|
100.00 | Rs. 14.25 up | - | 1600/22400 | 114.25 (14.25) | Rs. 2137.5 | 5/11/2025, 6:56:00 pm |
|
04/11/2025
Open |
100.00 | Rs. 14 down | - | 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 |