| IPO Date | November 28, 2025 to December 2, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹133 to ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding (Pre-Issue) | 77,90,371 shares |
| Share Holding (Post-Issue) | 1,00,65,371 shares |
| Total Issue Size | 26,75,000 shares (aggregating up to ₹37.45 Cr) |
| Reserved for Market Maker | 1,34,000 shares (aggregating up to ₹1.88 Cr)Giriraj Stock Broking Pvt.Ltd. |
| Net Offered to Public | 25,41,000 shares (aggregating up to ₹35.57 Cr) |
| Offer for Sale | 4,00,000 shares of ₹10 (aggregating up to ₹5.60 Cr) |
| Fresh Issue (ex Market Maker) | 21,41,000 shares (aggregating up to ₹29.97 Cr) |
Date: Thursday, 27 November 2025
IPO subscription opens for investorsDate: Monday, 1 December 2025
Last date for IPO subscriptionDate: Tuesday, 2 December 2025
Expected date for share allotmentDate: Wednesday, 3 December 2025
Refunds initiated for unsuccessful applicationsDate: Wednesday, 3 December 2025
Shares credited to demat accountsDate: Thursday, 4 December 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Tue, Dec 2, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2000 | ₹2,80,000 |
| Individual investors (Retail) (Max) | 2 | 2000 | ₹2,80,000 |
| S-HNI (Min) | 3 | 3000 | ₹4,20,000 |
| S-HNI (Max) | 7 | 7000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 8000 | ₹11,20,000 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 1,34,000 (5.01%) | - |
| QIB Shares Offered | 12,69,000 (47.44%) | - |
| − Anchor Investor Shares Offered | 7,61,000 (28.45%) | - |
| − QIB (Ex. Anchor) Shares Offered | 5,08,000 (18.99%) | - |
| NII (HNI) Shares Offered | 3,82,000 (14.28%) | - |
| − bNII > ₹10L | 2,54,000 (9.50%) | - |
| − sNII < ₹10L | 1,28,000 (4.79%) | - |
| Retail Shares Offered | 8,90,000 (33.27%) | - |
| Total Shares Offered | 26,75,000 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/09/2025 | - | 7.26 | - | 99.22 |
| 30/03/2025 | - | 9.75 | - | 95.16 |
| 30/03/2024 | - | 5.31 | - | 54.48 |
| 30/03/2023 | - | 5.06 | - | 34.51 |
| KPI | Values |
|---|---|
| ROE | 28.13% |
| ROCE | 26.38% |
| Debt/Equity | 0.75 |
| RoNW | 23.03% |
| PAT Margin | 7.85% |
| EBITDA Margin | 12.64% |
| Price to Book Value | 2.52 |
| Market Capitalization | ₹140.92 Cr. |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 12.51 | 14.43 |
| - | 11.19 | 9.7 |
| 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) | 5,08,000 | 16,61,59,000 | 327.08 |
| 1(a) | foreign institutional investors (fiis) | - | 5,02,72,000 | - |
| 1(b) | domestic financial institutions (banks/ financial institutions(fis)/ insurance companies) | - | 1,64,75,000 | - |
| 1(c) | mutual funds | - | 19,28,000 | - |
| 1(d) | others | - | 9,74,84,000 | - |
| 2 | non institutional investors | 5,16,000 | 56,88,24,000 | 1,102.37 |
| 2.1 | non-institutional investors (bid amount of more than ten lakh rupees) | 2,54,000 | 43,61,60,000 | 1,717.17 |
| 2.1(a) | corporates | - | 58,76,000 | - |
| 2.1(b) | individuals | - | 42,71,50,000 | - |
| 2.1(c) | others | - | 31,34,000 | - |
| 2.2 | non-institutional investors (bid amount upto ten lakh rupees) | 1,28,000 | 13,26,64,000 | 1,036.44 |
| 2.2(a) | corporates | - | 7,70,000 | - |
| 2.2(b) | individuals (ind category bidding for more than 2 lots ) | - | 13,09,71,000 | - |
| 2.2(c) | others | - | 9,23,000 | - |
| 3 | individual investors (ind category bidding for 2 lots) | 8,90,000 | 95,11,80,000 | 1,068.74 |
| 3(a) | price bids | - | 95,11,80,000 | - |
| 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 | 19,14,000 | 1,68,61,63,000 | 880.96 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
04/12/2025
|
140.00 | Rs. 177 up | 947.21x | 134500 | 317 (126.43) | Rs. 177000 | 4/12/2025, 11:28:00 pm |
|
03/12/2025
Allotment |
140.00 | Rs. 175 no-change | 947.21x | 133000 | 315 (125) | Rs. 175000 | 3/12/2025, 11:31:00 pm |
|
02/12/2025
Close |
140.00 | Rs. 175 up | 947.21x | 133000 | 315 (125) | Rs. 175000 | 2/12/2025, 11:30:00 pm |
|
01/12/2025
|
140.00 | Rs. 150 up | 299.9x | 114000 | 290 (107.14) | Rs. 150000 | 1/12/2025, 11:32:00 pm |
|
30/11/2025
|
140.00 | Rs. 131 no-change | 57.65x | 99600 | 271 (93.57) | Rs. 131000 | 30/11/2025, 11:28:00 pm |
|
29/11/2025
|
140.00 | Rs. 131 up | 57.65x | 99600 | 271 (93.57) | Rs. 131000 | 29/11/2025, 11:36:00 pm |
|
28/11/2025
Open |
140.00 | Rs. 125 up | 57.65x | 95000 | 265 (89.29) | Rs. 125000 | 28/11/2025, 11:34:00 pm |
|
27/11/2025
|
140.00 | Rs. 116 up | 88200 | 256 (82.86) | Rs. 116000 | 27/11/2025, 11:35:00 pm | |
|
26/11/2025
|
140.00 | Rs. 95 up | 72200 | 235 (67.86) | Rs. 95000 | 26/11/2025, 11:30:00 pm | |
|
25/11/2025
|
140.00 | Rs. 75 down | 57000 | 215 (53.57) | Rs. 75000 | 25/11/2025, 11:29:00 pm | |
|
24/11/2025
|
140.00 | Rs. 80 no-change | 60800 | 220 (57.14) | Rs. 80000 | 24/11/2025, 11:36:00 pm |