| IPO Date | 28 to 30 Jan, 2026 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | - |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding (Pre-Issue) | 53,20,000 shares |
| Share Holding (Post-Issue) | 72,40,000 shares |
| Total Issue Size | 19,20,000 shares (agg. up to ₹25 Cr) |
| Reserved for Market Maker | 96,000 shares (agg. up to ₹1 Cr)Sunflower Broking Pvt.Ltd. |
| Net Offered to Public | 18,24,000 shares (agg. up to ₹24 Cr) |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Wednesday, 28 January 2026
IPO subscription opens for investorsDate: Friday, 30 January 2026
Last date for IPO subscriptionDate: Monday, 2 February 2026
Expected date for share allotmentDate: Tuesday, 3 February 2026
Refunds initiated for unsuccessful applicationsDate: Tuesday, 3 February 2026
Shares credited to demat accountsDate: Wednesday, 4 February 2026
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: -
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2000 | ₹2,58,000 |
| Individual investors (Retail) (Max) | 2 | 2000 | ₹2,58,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,87,000 |
| S-HNI (Max) | 7 | 7000 | ₹9,03,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,32,000 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 96,000 (5.00%) | - |
| QIB Shares Offered | 9,08,000 (47.29%) | - |
| − Anchor Investor Shares Offered | 5,46,000 (28.44%) | - |
| − QIB (Ex. Anchor) Shares Offered | 3,62,000 (18.85%) | - |
| NII (HNI) Shares Offered | 2,76,000 (14.37%) | - |
| − bNII > ₹10L | 1,84,000 (9.58%) | - |
| − sNII < ₹10L | 92,000 (4.79%) | - |
| Retail Shares Offered | 6,40,000 (33.33%) | - |
| Total Shares Offered | 19,20,000 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/09/2025 | 14.07 | 2.33 | 8.26 | 16.35 |
| 30/03/2025 | 16.06 | 2.61 | 5.35 | 10.86 |
| 30/03/2024 | 5.2 | 0.82 | 1.08 | 4.64 |
| 30/03/2023 | 3.07 | 0.28 | 0.26 | 4.06 |
| KPI | Values |
|---|---|
| ROE | - |
| ROCE | - |
| Debt/Equity | - |
| RoNW | - |
| PAT Margin | - |
| EBITDA Margin | - |
| Price to Book Value | - |
| type | pre_ipo | post_ipo |
|---|---|---|
| EPS Rs | 4.91 | 6.44 |
| P/E (x) | 26.27 | 20.02 |
| Promoter Holding | 100% | 73.48% |
| Market Cap | ₹93.40 Cr. |
| 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) | 3,64,000 | 3,67,000 | 1.01 |
| 1(a) | foreign institutional investors (fiis) | - | 3,62,000 | - |
| 1(b) | domestic financial institutions (banks/ financial institutions(fis)/ insurance companies) | - | - | - |
| 1(c) | mutual funds | - | - | - |
| 1(d) | others | - | 5,000 | - |
| 2 | non institutional investors | 3,72,000 | 6,69,000 | 1.80 |
| 2.1 | non-institutional investors (bid amount of more than ten lakh rupees) | 1,84,000 | 4,55,000 | 2.47 |
| 2.1(a) | corporates | - | 1,12,000 | - |
| 2.1(b) | individuals | - | 3,35,000 | - |
| 2.1(c) | others | - | 8,000 | - |
| 2.2 | non-institutional investors (bid amount upto ten lakh rupees) | 92,000 | 2,14,000 | 2.33 |
| 2.2(a) | corporates | - | 3,000 | - |
| 2.2(b) | individuals (ind category bidding for more than 2 lots ) | - | 2,05,000 | - |
| 2.2(c) | others | - | 6,000 | - |
| 3 | individual investors (ind category bidding for 2 lots) | 6,40,000 | 14,04,000 | 2.19 |
| 3(a) | price bids | - | 14,04,000 | - |
| 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 | 13,76,000 | 24,40,000 | 1.77 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
27/01/2026
|
129.00 | Rs. 0 no-change | - | -- | 129 (0) | Rs. 0 | 27/1/2026, 10:32:00 pm |
|
26/01/2026
|
129.00 | Rs. 0 no-change | - | -- | 129 (0) | Rs. 0 | 26/1/2026, 11:36:00 pm |
|
25/01/2026
|
129.00 | Rs. 0 no-change | - | -- | 129 (0) | Rs. 0 | 25/1/2026, 11:36:00 pm |
|
24/01/2026
|
129.00 | Rs. 0 no-change | - | -- | 129 (0) | Rs. 0 | 24/1/2026, 11:28:00 pm |
|
23/01/2026
|
129.00 | Rs. 0 no-change | - | -- | 129 (0) | Rs. 0 | 23/1/2026, 11:37:00 pm |
|
22/01/2026
|
129.00 | Rs. 0 no-change | - | -- | 129 (0) | Rs. 0 | 22/1/2026, 11:32:00 pm |
|
21/01/2026
|
129.00 | Rs. 0 no-change | - | -- | 129 (0) | Rs. 0 | 21/1/2026, 11:33:00 pm |
|
20/01/2026
|
129.00 | Rs. 0 no-change | - | -- | 129 (0) | Rs. 0 | 20/1/2026, 11:34:00 pm |