| IPO Date | October 9, 2025 to October 13, 2025 |
|---|---|
| Face Value | ₹1 per share |
| Issue Price Band | ₹461 to ₹485 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 15,44,37,251 shares |
| Share Holding (Post-Issue) | 16,47,46,529 shares |
| Total Issue Size | 2,84,02,040 shares (aggregating up to ₹1,377.50 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | 1,80,92,762 shares of ₹1 (aggregating up to ₹877.50 Cr) |
| Fresh Issue (ex Market Maker) | - |
Date: Wednesday, 8 October 2025
IPO subscription opens for investorsDate: Sunday, 12 October 2025
Last date for IPO subscriptionDate: Monday, 13 October 2025
Expected date for share allotmentDate: Tuesday, 14 October 2025
Refunds initiated for unsuccessful applicationsDate: Tuesday, 14 October 2025
Shares credited to demat accountsDate: Wednesday, 15 October 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Mon, Oct 13, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹14,550 |
| Retail (Max) | 13 | 390 | ₹1,89,150 |
| S-HNI (Min) | 14 | 420 | ₹2,03,700 |
| S-HNI (Max) | 68 | 2040 | ₹9,89,400 |
| B-HNI (Min) | 69 | 2070 | ₹10,03,950 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 85,06,804 | NA |
| − QIB (Ex. Anchor) Shares Offered | 85,06,804 | NA |
| NII (HNI) Shares Offered | 42,54,299 (27.21%) | NA |
| − bNII > ₹10L | 28,36,200 (18.14%) | 6,752 |
| − sNII < ₹10L | 14,18,100 (9.07%) | 3,376 |
| Retail Shares Offered | 28,36,200 (18.14%) | 94,540 |
| Employee Shares Offered | 40,046 (0.26%) | NA |
| Total Shares Offered | 1,56,37,349 (100.00%) |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/06/2025 | - | 43.3 | 593.67 | 1647.6 |
| 30/03/2025 | - | 134.36 | 540.98 | 1451.43 |
| 30/03/2024 | - | 91.01 | 385 | 1109.49 |
| 30/03/2023 | - | -16.89 | 286.38 | 749.7 |
| KPI | Values |
|---|---|
| ROE | 29.02% |
| ROCE | 26.45% |
| Debt/Equity | 0.73 |
| RoNW | 29.02% |
| PAT Margin | 10.37% |
| EBITDA Margin | 20.67% |
| Price to Book Value | 13.65 |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 8.70 | 10.51 |
| - | 55.75 | 46.13 |
| 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) | 89,52,820 | 66,16,59,120 | 73.91 |
| 1(a) | Foreign Institutional Investors(FIIs) | - | 16,01,84,430 | - |
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | - | 33,33,10,800 | - |
| 1(c) | Mutual funds | - | 1,61,94,720 | - |
| 1(d) | Others | - | 15,19,69,170 | - |
| 2 | Non Institutional Investors | 44,76,409 | 21,72,64,470 | 48.54 |
| 2.1 | Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | 29,84,273 | 15,84,67,890 | 53.10 |
| 2.1(a) | Corporates | - | 13,10,340 | - |
| 2.1(b) | Individuals(Other than RIIs) | - | 14,46,93,000 | - |
| 2.1(c) | Others | - | 1,24,64,550 | - |
| 2.2 | Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | 14,92,136 | 5,87,96,580 | 39.40 |
| 2.2(a) | Corporates | - | 68,040 | - |
| 2.2(b) | Individuals(Other than RIIs) | - | 5,52,28,440 | - |
| 2.2(c) | Others | - | 35,00,100 | - |
| 3 | Retail Individual Investors(RIIs) | 29,84,273 | 7,11,68,040 | 23.85 |
| 3(a) | Cut Off | - | 6,01,21,410 | - |
| 3(b) | Price bids | - | 1,10,46,630 | - |
| 4 | Employees | 42,168 | 4,91,970 | 11.67 |
| 4(a) | Cut Off | - | 4,00,320 | - |
| 4(b) | Price Bids | - | 91,650 | - |
| - | Total | 1,64,55,670 | 95,05,83,600 | 57.77 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
16/10/2025
Listing |
485.00 | Rs. 120 down | - | 2700/37800 | 605 (24.74) | Rs. 3600 | 16/10/2025, 9:36:00 am |
|
15/10/2025
|
485.00 | Rs. 151 up | - | 3400/47600 | 636 (31.13) | Rs. 4530 | 15/10/2025, 11:37:00 pm |
|
14/10/2025
Allotment |
485.00 | Rs. 128 up | - | 2900/40600 | 613 (26.39) | Rs. 3840 | 14/10/2025, 11:37:00 pm |
|
13/10/2025
Close |
485.00 | Rs. 127 up | - | 2900/40600 | 612 (26.19) | Rs. 3810 | 13/10/2025, 11:35:00 pm |
|
12/10/2025
|
485.00 | Rs. 96 down | - | 2200/30800 | 581 (19.79) | Rs. 2880 | 12/10/2025, 11:32:00 pm |
|
11/10/2025
|
485.00 | Rs. 110 down | - | 2500/35000 | 595 (22.68) | Rs. 3300 | 11/10/2025, 11:28:00 pm |
|
10/10/2025
|
485.00 | Rs. 111 up | - | 2500/35000 | 596 (22.89) | Rs. 3330 | 10/10/2025, 11:35:00 pm |
|
09/10/2025
Open |
485.00 | Rs. 100 up | - | 2300/32200 | 585 (20.62) | Rs. 3000 | 9/10/2025, 11:30:00 pm |
|
08/10/2025
|
485.00 | Rs. 98 up | - | 2200/30800 | 583 (20.21) | Rs. 2940 | 8/10/2025, 11:36:00 pm |
|
07/10/2025
|
485.00 | Rs. 80 no-change | - | 1800/25200 | 565 (16.49) | Rs. 2400 | 7/10/2025, 11:37:00 pm |
|
06/10/2025
|
485.00 | Rs. 80 up | - | 1800/25200 | 565 (16.49) | Rs. 2400 | 6/10/2025, 11:36:00 pm |
|
05/10/2025
|
485.00 | Rs. 68 up | - | 1600/22400 | 553 (14.02) | Rs. 2040 | 5/10/2025, 11:29:00 pm |
|
04/10/2025
|
485.00 | Rs. 60 up | - | 1400/19600 | 545 (12.37) | Rs. 1800 | 4/10/2025, 11:33:00 pm |
|
03/10/2025
|
485.00 | Rs. 0 no-change | - | -- | 485 (0) | Rs. 0 | 3/10/2025, 11:29:00 pm |
|
02/10/2025
|
Rs. 0 no-change | - | -- | () | Rs. 0 | 2/10/2025, 8:25:00 pm |