| IPO Date | December 8, 2025 to December 10, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹227 to ₹239 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding (Pre-Issue) | 46,00,000 shares |
| Share Holding (Post-Issue) | 62,80,000 shares |
| Total Issue Size | 16,80,000 shares (aggregating up to ₹40.15 Cr) |
| Reserved for Market Maker | 1,00,800 shares (aggregating up to ₹2.41 Cr)Giriraj Stock Broking Pvt.Ltd. |
| Net Offered to Public | 15,79,200 shares (aggregating up to ₹37.74 Cr) |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Sunday, 7 December 2025
IPO subscription opens for investorsDate: Tuesday, 9 December 2025
Last date for IPO subscriptionDate: Wednesday, 10 December 2025
Expected date for share allotmentDate: Thursday, 11 December 2025
Refunds initiated for unsuccessful applicationsDate: Thursday, 11 December 2025
Shares credited to demat accountsDate: Sunday, 14 December 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Wed, Dec 10, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1200 | ₹2,86,800 |
| Individual investors (Retail) (Max) | 2 | 1200 | ₹2,86,800 |
| S-HNI (Min) | 3 | 1800 | ₹4,30,200 |
| S-HNI (Max) | 6 | 3600 | ₹8,60,400 |
| B-HNI (Min) | 7 | 4200 | ₹10,03,800 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 1,00,800 (6.00%) | - |
| QIB Shares Offered | 7,80,600 (46.46%) | - |
| − Anchor Investor Shares Offered | 4,68,000 (27.86%) | - |
| − QIB (Ex. Anchor) Shares Offered | 3,12,600 (18.61%) | - |
| NII (HNI) Shares Offered | 2,39,400 (14.25%) | - |
| − bNII > ₹10L | 1,59,600 (9.50%) | - |
| − sNII < ₹10L | 79,800 (4.75%) | - |
| Retail Shares Offered | 5,59,200 (33.29%) | - |
| Total Shares Offered | 16,80,000 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| Invalid Date | - | 4.06 | 13.14 | 57.46 |
| Invalid Date | - | 4.59 | 16.86 | 48.53 |
| Invalid Date | - | -0.11 | -0.01 | 9.17 |
| KPI | Values |
|---|---|
| - | - |
| - | - |
| 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) | 3,12,600 | 6,04,10,400 | 193.25 |
| 1(a) | foreign institutional investors (fiis) | - | 1,37,68,800 | - |
| 1(b) | domestic financial institutions (banks/ financial institutions(fis)/ insurance companies) | - | 42,31,200 | - |
| 1(c) | mutual funds | - | 6,94,200 | - |
| 1(d) | others | - | 4,17,16,200 | - |
| 2 | non institutional investors | 3,40,200 | 12,10,42,200 | 355.80 |
| 2.1 | non-institutional investors (bid amount of more than ten lakh rupees) | 1,59,600 | 9,23,10,600 | 578.39 |
| 2.1(a) | corporates | - | 14,83,800 | - |
| 2.1(b) | individuals | - | 8,93,18,400 | - |
| 2.1(c) | others | - | 15,08,400 | - |
| 2.2 | non-institutional investors (bid amount upto ten lakh rupees) | 79,800 | 2,87,31,600 | 360.05 |
| 2.2(a) | corporates | - | 3,33,000 | - |
| 2.2(b) | individuals (ind category bidding for more than 2 lots ) | - | 2,80,32,600 | - |
| 2.2(c) | others | - | 3,66,000 | - |
| 3 | individual investors (ind category bidding for 2 lots) | 5,59,200 | 21,04,87,200 | 376.41 |
| 3(a) | price bids | - | 21,04,87,200 | - |
| 4 | eligible employees (emp) | - | - | - |
| 4(a) | price bids | - | - | - |
| 5 | eligible share holders (sha) | - | - | - |
| 5(a) | price bids | - | - | - |
| 6 | eligible policy holders (pol) | - | - | - |
| 6(a) | price bids | - | - | - |
| total | 12,12,000 | 39,19,39,800 | 323.38 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
14/12/2025
|
239.00 | Rs. 129 down | - | 58800 | 368 (53.97) | Rs. 77400 | 14/12/2025, 11:28:00 pm |
|
13/12/2025
|
239.00 | Rs. 130 down | - | 59300 | 369 (54.39) | Rs. 78000 | 13/12/2025, 11:35:00 pm |
|
12/12/2025
|
239.00 | Rs. 151 up | - | 68900 | 390 (63.18) | Rs. 90600 | 12/12/2025, 11:28:00 pm |
|
11/12/2025
Allotment |
239.00 | Rs. 145 up | - | 66100 | 384 (60.67) | Rs. 87000 | 11/12/2025, 11:31:00 pm |
|
10/12/2025
Close |
239.00 | Rs. 120 up | - | 54700 | 359 (50.21) | Rs. 72000 | 10/12/2025, 11:31:00 pm |
|
09/12/2025
|
239.00 | Rs. 90 up | - | 41000 | 329 (37.66) | Rs. 54000 | 9/12/2025, 8:53:00 pm |
|
08/12/2025
Open |
239.00 | Rs. 80 no-change | - | 36500 | 319 (33.47) | Rs. 48000 | 8/12/2025, 4:57:00 pm |
|
07/12/2025
|
239.00 | Rs. 80 up | - | 36500 | 319 (33.47) | Rs. 48000 | 7/12/2025, 11:37:00 pm |
|
06/12/2025
|
239.00 | Rs. 75 no-change | - | 34200 | 314 (31.38) | Rs. 45000 | 6/12/2025, 11:31:00 pm |
|
05/12/2025
|
239.00 | Rs. 75 up | - | 34200 | 314 (31.38) | Rs. 45000 | 5/12/2025, 11:34:00 pm |
|
04/12/2025
|
239.00 | Rs. 54 up | - | 24600 | 293 (22.59) | Rs. 32400 | 4/12/2025, 11:34:00 pm |
|
03/12/2025
|
239.00 | Rs. 27 up | - | 12300 | 266 (11.3) | Rs. 16200 | 3/12/2025, 11:34:00 pm |
|
02/12/2025
|
239.00 | Rs. 24 no-change | - | 10900 | 263 (10.04) | Rs. 14400 | 2/12/2025, 11:29:00 pm |