| IPO Date | November 7, 2025 to November 11, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹120 to ₹128 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding (Pre-Issue) | 59,34,434 shares |
| Share Holding (Post-Issue) | 80,84,434 shares |
| Total Issue Size | 21,50,000 shares (aggregating up to ₹27.52 Cr) |
| Reserved for Market Maker | 1,08,000 shares (aggregating up to ₹1.38 Cr)RS Wealth Management Private Limited |
| Net Offered to Public | 20,42,000 shares (aggregating up to ₹26.14 Cr) |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Thursday, 6 November 2025
IPO subscription opens for investorsDate: Monday, 10 November 2025
Last date for IPO subscriptionDate: Tuesday, 11 November 2025
Expected date for share allotmentDate: Wednesday, 12 November 2025
Refunds initiated for unsuccessful applicationsDate: Wednesday, 12 November 2025
Shares credited to demat accountsDate: Thursday, 13 November 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Tue, Nov 11, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2000 | ₹2,56,000 |
| Individual investors (Retail) (Max) | 2 | 2000 | ₹2,56,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,84,000 |
| S-HNI (Max) | 7 | 7000 | ₹8,96,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,24,000 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 1,08,000 (5.02%) | - |
| QIB Shares Offered | 10,18,000 (47.35%) | - |
| − Anchor Investor Shares Offered | 6,10,000 (28.37%) | - |
| − QIB (Ex. Anchor) Shares Offered | 4,08,000 (18.98%) | - |
| NII (HNI) Shares Offered | 3,08,000 (14.33%) | - |
| Retail Shares Offered | 7,16,000 (33.30%) | - |
| Total Shares Offered | 21,50,000 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 30/07/2025 | - | 2.87 | 19.1 | 56.29 |
| 30/03/2025 | - | 6.11 | 16.23 | 42.53 |
| 30/03/2024 | - | 4.87 | 5.87 | 33.88 |
| 30/03/2023 | - | 1.88 | 1.01 | 29.75 |
| KPI | Values |
|---|---|
| ROE | 55.25% |
| ROCE | 27.83% |
| Debt/Equity | 0.96 |
| RoNW | 37.62% |
| PAT Margin | 12.43% |
| EBITDA Margin | 19.41% |
| Price to Book Value | 12.64 |
| Market Capitalization | 103.48 |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 10.29 | 10.66 |
| - | 12.44 | 12.01 |
| 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) | - | 3,93,35,000 | - |
| 1(a) | Foreign Institutional Investors(FIIs) | - | 1,46,31,000 | - |
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | - | 8,08,000 | - |
| 1(c) | Mutual funds | - | - | - |
| 1(d) | Others | - | 2,38,96,000 | - |
| 2 | Non Institutional Investors | - | 3,56,71,000 | - |
| 2.1 | Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | - | 2,95,12,000 | - |
| 2.1(a) | Corporates | - | 9,80,000 | - |
| 2.1(b) | Individuals(IND category bidding for more than 2 Lots) | - | 2,80,20,000 | - |
| 2.1(c) | Others | - | 5,12,000 | - |
| 2.2 | Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | - | 61,59,000 | - |
| 2.2(a) | Corporates | - | 1,98,000 | - |
| 2.2(b) | Individuals(IND category bidding for more than 2 Lots) | - | 58,32,000 | - |
| 2.2(c) | Others | - | 1,29,000 | - |
| 3 | Individual Investors (IND category bidding for 2 Lots) | - | 3,17,06,000 | - |
| - | Total | - | 10,67,12,000 | - |
| 0 | Anchor Investors | 1 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
12/11/2025
Allotment |
128.00 | Rs. 6 no-change | - | 4600 | 134 (4.69) | Rs. 6000 | 12/11/2025, 3:56:00 pm |
|
11/11/2025
Close |
128.00 | Rs. 6 down | - | 4600 | 134 (4.69) | Rs. 6000 | 11/11/2025, 11:28:00 pm |
|
10/11/2025
|
128.00 | Rs. 8 no-change | - | 6100 | 136 (6.25) | Rs. 8000 | 10/11/2025, 11:33:00 pm |
|
09/11/2025
|
128.00 | Rs. 8 no-change | - | 6100 | 136 (6.25) | Rs. 8000 | 9/11/2025, 11:36:00 pm |
|
08/11/2025
|
128.00 | Rs. 8 up | - | 6100 | 136 (6.25) | Rs. 8000 | 8/11/2025, 11:34:00 pm |
|
07/11/2025
Open |
128.00 | Rs. 7.5 no-change | - | 5700 | 135.5 (5.86) | Rs. 7500 | 7/11/2025, 11:31:00 pm |
|
06/11/2025
|
128.00 | Rs. 7.5 up | - | 5700 | 135.5 (5.86) | Rs. 7500 | 6/11/2025, 11:36:00 pm |
|
05/11/2025
|
128.00 | Rs. 6 up | - | 4600 | 134 (4.69) | Rs. 6000 | 5/11/2025, 11:36:00 pm |
|
04/11/2025
|
128.00 | Rs. 0 no-change | - | -- | 128 (0) | Rs. 0 | 4/11/2025, 11:36:00 pm |
|
03/11/2025
|
128.00 | Rs. 0 no-change | - | -- | 128 (0) | Rs. 0 | 3/11/2025, 11:36:00 pm |
|
01/11/2025
|
128.00 | Rs. 0 no-change | - | -- | (0) | Rs. 0 | 1/11/2025, 5:55:00 am |
|
31/10/2025
|
128.00 | Rs. 0 no-change | - | -- | () | Rs. 0 | 31/10/2025, 8:30:00 am |