| IPO Date | November 21, 2025 to November 25, 2025 |
|---|---|
| Face Value | ₹1 per share |
| Issue Price Band | ₹563 to ₹593 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) | 11,13,46,602 shares |
| Share Holding (Post-Issue) | 11,29,48,626 shares |
| Total Issue Size | 1,50,92,750 shares (aggregating up to ₹895.00 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | 1,34,90,726 shares of ₹1 (aggregating up to ₹800.00 Cr) |
| Fresh Issue (ex Market Maker) | - |
Date: Thursday, 20 November 2025
IPO subscription opens for investorsDate: Monday, 24 November 2025
Last date for IPO subscriptionDate: Tuesday, 25 November 2025
Expected date for share allotmentDate: Wednesday, 26 November 2025
Refunds initiated for unsuccessful applicationsDate: Wednesday, 26 November 2025
Shares credited to demat accountsDate: Thursday, 27 November 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Tue, Nov 25, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,825 |
| Retail (Max) | 13 | 325 | ₹1,92,725 |
| S-HNI (Min) | 14 | 350 | ₹2,07,550 |
| S-HNI (Max) | 67 | 1675 | ₹9,93,275 |
| B-HNI (Min) | 68 | 1700 | ₹10,08,100 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer | - |
| Retail Shares Offered | Not less than 35.00% of the Net Offer | - |
| NII Shares Offered | Not less than 15% of the Net Offer | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/06/2025 | - | 31.27 | 688.32 | 922.26 |
| 30/03/2025 | - | 138.69 | 497.53 | 717.17 |
| 30/03/2024 | - | 133.15 | 359.07 | 513.87 |
| 30/03/2023 | - | 62.32 | 226.29 | 420.11 |
| KPI | Values |
|---|---|
| Debt/Equity | 0.20 |
| RoNW | 27.88% |
| PAT Margin | 27.63% |
| EBITDA Margin | 39.70% |
| Price to Book Value | 12.93 |
| Market Capitalization | ₹6,697.85 Cr. |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 12.46 | 11.07 |
| - | 47.61 | 53.55 |
| 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) | 30,18,550 | 64,31,88,450 | 213.08 |
| 1(a) | foreign institutional investors (fiis) | - | 18,92,40,350 | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | 25,76,58,675 | - |
| 1(c) | mutual funds | - | 2,86,45,875 | - |
| 1(d) | others | - | 16,76,43,550 | - |
| 2 | non institutional investors(niis) | 22,63,913 | 26,42,40,450 | 116.72 |
| 2.1 | non institutional investors(bid amount of more than ten lakh rupees) | 15,09,276 | 20,36,19,700 | 134.91 |
| 2.1(a) | corporates | - | 15,44,025 | - |
| 2.1(b) | individuals (other than riis) | - | 19,18,60,350 | - |
| 2.1(c) | others | - | 1,02,15,325 | - |
| 2.2 | non institutional investors(bid amount of more than two lakh rupees and upto 10 lakh rupees) | 7,54,637 | 6,06,20,750 | 80.33 |
| 2.2(a) | corporates | - | 1,22,950 | - |
| 2.2(b) | individuals (other than riis) | - | 5,77,58,400 | - |
| 2.2(c) | others | - | 27,39,400 | - |
| 3 | retail individual investors (riis) | 52,82,463 | 8,26,71,250 | 15.65 |
| 3(a) | cut off | - | 6,79,50,025 | - |
| 3(b) | price bids | - | 1,47,21,225 | - |
| 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 | 1,05,64,926 | 99,01,00,150 | 93.72 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
27/11/2025
|
593.00 | Rs. 121 up | 93.71x | 2300/32200 | 714 (20.4) | Rs. 3025 | 27/11/2025, 11:37:00 pm |
|
26/11/2025
Allotment |
593.00 | Rs. 97 up | 93.71x | 1800/25200 | 690 (16.36) | Rs. 2425 | 26/11/2025, 11:31:00 pm |
|
25/11/2025
Close |
593.00 | Rs. 86 down | 93.71x | 1600/22400 | 679 (14.5) | Rs. 2150 | 25/11/2025, 11:28:00 pm |
|
24/11/2025
|
593.00 | Rs. 90 down | 5.13x | 1700/23800 | 683 (15.18) | Rs. 2250 | 24/11/2025, 11:29:00 pm |
|
23/11/2025
|
593.00 | Rs. 121 up | 1.43x | 2300/32200 | 714 (20.4) | Rs. 3025 | 23/11/2025, 11:37:00 pm |
|
22/11/2025
|
593.00 | Rs. 113 down | 1.43x | 2100/29400 | 706 (19.06) | Rs. 2825 | 22/11/2025, 11:29:00 pm |
|
21/11/2025
Open |
593.00 | Rs. 115 down | 1.43x | 2200/30800 | 708 (19.39) | Rs. 2875 | 21/11/2025, 11:37:00 pm |
|
20/11/2025
|
593.00 | Rs. 122 down | 2300/32200 | 715 (20.57) | Rs. 3050 | 20/11/2025, 11:31:00 pm | |
|
19/11/2025
|
593.00 | Rs. 130 up | 2500/35000 | 723 (21.92) | Rs. 3250 | 19/11/2025, 11:35:00 pm | |
|
18/11/2025
|
593.00 | Rs. 93 up | 1800/25200 | 686 (15.68) | Rs. 2325 | 18/11/2025, 11:34:00 pm | |
|
17/11/2025
|
Rs. 0 no-change | -- | () | Rs. 0 | 17/11/2025, 4:00:00 pm |