| IPO Date | November 12, 2025 to November 14, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹378 to ₹397 per share |
| Lot Size | 37 Shares |
| Sale Type | Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 40,36,04,309 shares |
| Share Holding (Post-Issue) | 40,36,04,309 shares |
| Total Issue Size | 9,06,80,101 shares (aggregating up to ₹3,600.00 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Tuesday, 11 November 2025
IPO subscription opens for investorsDate: Thursday, 13 November 2025
Last date for IPO subscriptionDate: Sunday, 16 November 2025
Expected date for share allotmentDate: Monday, 17 November 2025
Refunds initiated for unsuccessful applicationsDate: Monday, 17 November 2025
Shares credited to demat accountsDate: Tuesday, 18 November 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Fri, Nov 14, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,689 |
| Retail (Max) | 13 | 481 | ₹1,90,957 |
| S-HNI (Min) | 14 | 518 | ₹2,05,646 |
| S-HNI (Max) | 68 | 2516 | ₹9,98,852 |
| B-HNI (Min) | 69 | 2553 | ₹10,13,541 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | Not more than 50% of the Offer | - |
| Retail Shares Offered | Not less than 35% of the Offer | - |
| NII Shares Offered | Not less than 15% of the Offer | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/06/2025 | - | 168.09 | 1250.38 | 2918.77 |
| 30/03/2025 | - | 553.14 | 1255.09 | 2831.58 |
| 30/03/2024 | - | 416.79 | 1116.59 | 2136.26 |
| 30/03/2023 | - | 381.04 | 1378.82 | 2429.65 |
| KPI | Values |
|---|---|
| ROE | 42.65% |
| ROCE | 56.78% |
| RoNW | 46.65% |
| PAT Margin | 11.31% |
| EBITDA Margin | 16.67% |
| Price to Book Value | 12.77 |
| Market Capitalization | ₹16023.09 Cr. |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 13.71 | 16.66 |
| - | 28.97 | 23.83 |
| 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) | 1,90,47,617 | 3,16,98,44,427 | 166.42 |
| 1(a) | foreign institutional investors (fiis) | - | 85,22,42,756 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 1,55,75,29,948 | - |
| 1(c) | mutual funds | - | 24,29,95,798 | - |
| 1(d) | others | - | 51,70,75,925 | - |
| 2 | non institutional investors(niis) | 1,42,85,715 | 58,20,17,659 | 40.74 |
| 2.1 | non institutional investors(bid amount of more than ten lakh rupees) | 95,23,810 | 44,77,45,658 | 47.01 |
| 2.1(a) | corporates | - | 36,60,225 | - |
| 2.1(b) | individuals (other than riis) | - | 41,99,93,142 | - |
| 2.1(c) | others | - | 2,40,92,291 | - |
| 2.2 | non institutional investors(bid amount of more than two lakh rupees and upto 10 lakh rupees) | 47,61,905 | 13,42,72,001 | 28.20 |
| 2.2(a) | corporates | - | 2,61,886 | - |
| 2.2(b) | individuals (other than riis) | - | 12,85,44,549 | - |
| 2.2(c) | others | - | 54,65,566 | - |
| 3 | retail individual investors (riis) | 3,33,33,334 | 17,02,75,665 | 5.11 |
| 3(a) | cut off | - | 14,10,97,021 | - |
| 3(b) | price bids | - | 2,91,78,644 | - |
| 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 | 6,66,66,666 | 3,92,21,37,751 | 58.83 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
17/11/2025
Allotment |
397.00 | Rs. 117 down | - | 3300/46200 | 514 (29.47) | Rs. 4329 | 17/11/2025, 11:31:00 am |
|
16/11/2025
|
397.00 | Rs. 122 down | - | 3400/47600 | 519 (30.73) | Rs. 4514 | 16/11/2025, 11:29:00 pm |
|
15/11/2025
|
397.00 | Rs. 123 up | - | 3500/49000 | 520 (30.98) | Rs. 4551 | 15/11/2025, 11:37:00 pm |
|
14/11/2025
Close |
397.00 | Rs. 115 up | - | 3200/44800 | 512 (28.97) | Rs. 4255 | 14/11/2025, 11:30:00 pm |
|
13/11/2025
|
397.00 | Rs. 76 down | - | 2100/29400 | 473 (19.14) | Rs. 2812 | 13/11/2025, 11:33:00 pm |
|
12/11/2025
Open |
397.00 | Rs. 85 up | - | 2400/33600 | 482 (21.41) | Rs. 3145 | 12/11/2025, 11:28:00 pm |
|
11/11/2025
|
397.00 | Rs. 61 up | - | 1700/23800 | 458 (15.37) | Rs. 2257 | 11/11/2025, 11:29:00 pm |
|
10/11/2025
|
397.00 | Rs. 55 down | - | 1500/21000 | 452 (13.85) | Rs. 2035 | 10/11/2025, 11:28:00 pm |
|
09/11/2025
|
397.00 | Rs. 67 up | - | 1900/26600 | 464 (16.88) | Rs. 2479 | 9/11/2025, 11:38:00 pm |
|
08/11/2025
|
397.00 | Rs. 66 down | - | 1900/26600 | 463 (16.62) | Rs. 2442 | 8/11/2025, 11:34:00 pm |
|
07/11/2025
|
397.00 | Rs. 87 down | - | 2400/33600 | 484 (21.91) | Rs. 3219 | 7/11/2025, 11:34:00 pm |
|
06/11/2025
|
0 | Rs. 96 down | - | -- | 96 (0) | Rs. 0 | 6/11/2025, 11:33:00 pm |
|
05/11/2025
|
0 | Rs. 101 up | - | -- | 101 (0) | Rs. 0 | 5/11/2025, 11:36:00 pm |
|
04/11/2025
|
Rs. 0 no-change | - | -- | (0) | Rs. 0 | 4/11/2025, 5:55:00 am | |
|
03/11/2025
|
Rs. 0 no-change | - | -- | () | Rs. 0 | 3/11/2025, 10:44:00 am |