| IPO Date | November 14, 2025 to November 18, 2025 |
|---|---|
| Face Value | ₹2 per share |
| Issue Price Band | ₹549 to ₹577 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 7,33,29,138 shares |
| Share Holding (Post-Issue) | 7,93,08,340 shares |
| Total Issue Size | 1,52,07,998 shares (aggregating up to ₹877.50 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | 92,28,796 shares of ₹2 (aggregating up to ₹532.50 Cr) |
| Fresh Issue (ex Market Maker) | - |
Date: Thursday, 13 November 2025
IPO subscription opens for investorsDate: Monday, 17 November 2025
Last date for IPO subscriptionDate: Tuesday, 18 November 2025
Expected date for share allotmentDate: Wednesday, 19 November 2025
Refunds initiated for unsuccessful applicationsDate: Wednesday, 19 November 2025
Shares credited to demat accountsDate: Thursday, 20 November 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Tue, Nov 18, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,425 |
| Retail (Max) | 13 | 325 | ₹1,87,525 |
| S-HNI (Min) | 14 | 350 | ₹2,01,950 |
| S-HNI (Max) | 69 | 1725 | ₹9,95,325 |
| B-HNI (Min) | 70 | 1750 | ₹10,09,750 |
| 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 Offer | - |
| NII Shares Offered | Not more than 15% of the Net Offer | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/09/2025 | - | 1.03 | 509.38 | 892.33 |
| 30/03/2025 | - | 14.15 | 481.42 | 838.65 |
| 30/03/2024 | - | -68.35 | 452.13 | 871.07 |
| 30/03/2023 | - | -88.56 | 99.75 | 466.41 |
| KPI | Values |
|---|---|
| ROCE | 2.76% |
| Debt/Equity | 0.18 |
| RoNW | 2.85% |
| PAT Margin | 2.37% |
| EBITDA Margin | 13.13% |
| Price to Book Value | 8.87 |
| Market Capitalization | ₹4,576.09 Cr. |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 1.93 | 0.26 |
| - | 298.93 | 2214.95 |
| 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) | 45,52,002 | 26,06,87,700 | 57.27 |
| 1(a) | foreign institutional investors (fiis) | - | 11,10,51,800 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 5,25,15,250 | - |
| 1(c) | mutual funds | - | 3,13,20,625 | - |
| 1(d) | others | - | 6,58,00,025 | - |
| 2 | non institutional investors(niis) | 22,76,000 | 15,89,44,725 | 69.84 |
| 2.1 | non institutional investors(bid amount of more than ten lakh rupees) | 15,17,334 | 12,95,79,300 | 85.40 |
| 2.1(a) | corporates | - | 8,46,550 | - |
| 2.1(b) | individuals (other than riis) | - | 12,26,46,175 | - |
| 2.1(c) | others | - | 60,86,575 | - |
| 2.2 | non institutional investors(bid amount of more than two lakh rupees and upto 10 lakh rupees) | 7,58,666 | 2,93,65,425 | 38.71 |
| 2.2(a) | corporates | - | 38,650 | - |
| 2.2(b) | individuals (other than riis) | - | 2,79,71,250 | - |
| 2.2(c) | others | - | 13,55,525 | - |
| 3 | retail individual investors (riis) | 15,17,333 | 2,40,01,125 | 15.82 |
| 3(a) | cut off | - | 1,93,50,900 | - |
| 3(b) | price bids | - | 46,50,225 | - |
| 4 | employee reserved | 38,095 | 2,62,100 | 6.88 |
| 4(a) | employee (cut off) | - | 1,99,175 | - |
| 4(b) | employee (price) | - | 62,925 | - |
| 5 | reservation portionshareholder | - | - | - |
| 5(a) | rps (cut off) | - | - | - |
| 5(b) | rps (price) | - | - | - |
| total | 83,83,430 | 44,38,95,650 | 52.95 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
20/11/2025
|
577.00 | Rs. 53 down | - | 1000/14000 | 630 (9.19) | Rs. 1325 | 20/11/2025, 11:28:00 pm |
|
19/11/2025
Allotment |
577.00 | Rs. 55 down | - | 1000/14000 | 632 (9.53) | Rs. 1375 | 19/11/2025, 11:32:00 pm |
|
18/11/2025
Close |
577.00 | Rs. 62 up | - | 1200/16800 | 639 (10.75) | Rs. 1550 | 18/11/2025, 11:32:00 pm |
|
17/11/2025
|
577.00 | Rs. 29 up | - | 600/8400 | 606 (5.03) | Rs. 725 | 17/11/2025, 11:29:00 pm |
|
16/11/2025
|
577.00 | Rs. 23 down | - | 400/5600 | 600 (3.99) | Rs. 575 | 16/11/2025, 11:32:00 pm |
|
15/11/2025
|
577.00 | Rs. 45 down | - | 900/12600 | 622 (7.8) | Rs. 1125 | 15/11/2025, 11:34:00 pm |
|
14/11/2025
Open |
577.00 | Rs. 50 up | - | 1000/14000 | 627 (8.67) | Rs. 1250 | 14/11/2025, 11:33:00 pm |
|
13/11/2025
|
577.00 | Rs. 0 no-change | - | -- | 577 (0) | Rs. 0 | 13/11/2025, 11:30:00 pm |
|
12/11/2025
|
577.00 | Rs. 0 no-change | - | -- | 577 (0) | Rs. 0 | 12/11/2025, 11:29:00 pm |
|
11/11/2025
|
577.00 | Rs. 0 no-change | - | -- | 577 (0) | Rs. 0 | 11/11/2025, 11:35:00 pm |
|
10/11/2025
|
Rs. 0 no-change | - | -- | (0) | Rs. 0 | 10/11/2025, 5:55:00 am | |
|
09/11/2025
|
Rs. 0 no-change | - | -- | () | Rs. 0 | 9/11/2025, 4:20:00 pm |