| IPO Date | December 4, 2025 to December 8, 2025 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹78 to ₹82 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding (Pre-Issue) | 64,26,028 shares |
| Share Holding (Post-Issue) | 82,54,828 shares |
| Total Issue Size | 22,84,800 shares (aggregating up to ₹18.74 Cr) |
| Reserved for Market Maker | 2,14,400 shares (aggregating up to ₹1.76 Cr)Giriraj Stock Broking Pvt.Ltd. |
| Net Offered to Public | 20,70,400 shares (aggregating up to ₹16.98 Cr) |
| Offer for Sale | 4,56,000 shares of ₹10 (aggregating up to ₹3.74 Cr) |
| Fresh Issue (ex Market Maker) | 16,14,400 shares (aggregating up to ₹13.24 Cr) |
Date: Wednesday, 3 December 2025
IPO subscription opens for investorsDate: Sunday, 7 December 2025
Last date for IPO subscriptionDate: Monday, 8 December 2025
Expected date for share allotmentDate: Tuesday, 9 December 2025
Refunds initiated for unsuccessful applicationsDate: Tuesday, 9 December 2025
Shares credited to demat accountsDate: Wednesday, 10 December 2025
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: 5 PM on Mon, Dec 8, 2025
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3200 | ₹2,62,400 |
| Individual investors (Retail) (Max) | 2 | 3200 | ₹2,62,400 |
| S-HNI (Min) | 3 | 4800 | ₹3,93,600 |
| S-HNI (Max) | 7 | 11200 | ₹9,18,400 |
| B-HNI (Min) | 8 | 12800 | ₹10,49,600 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 2,14,400 (9.38%) | - |
| QIB Shares Offered | 10,28,800 (45.03%) | - |
| − Anchor Investor Shares Offered | 6,17,600 (27.03%) | - |
| − QIB (Ex. Anchor) Shares Offered | 4,11,200 (18.00%) | - |
| NII (HNI) Shares Offered | 3,13,600 (13.73%) | - |
| − bNII > ₹10L | 2,08,000 (9.10%) | - |
| − sNII < ₹10L | 1,05,600 (4.62%) | - |
| Retail Shares Offered | 7,28,000 (31.86%) | - |
| Total Shares Offered | 22,84,800 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| Invalid Date | - | 2.01 | 20.87 | 29.87 |
| Invalid Date | - | 4.29 | 18.86 | 30.12 |
| Invalid Date | - | 2.01 | 13.31 | 25.53 |
| Invalid Date | - | 2.58 | 11.3 | 22.12 |
| KPI | Values |
|---|---|
| ROCE | 29.84% |
| Debt/Equity | 0.08 |
| RoNW | 22.49% |
| PAT Margin | 6.95% |
| EBITDA Margin | 10.13% |
| Price to Book Value | 2.83 |
| Market Capitalization | ₹67.69 Cr. |
| type | pre_ipo | post_ipo |
|---|---|---|
| - | 6.52 | 5.08 |
| - | 12.57 | 16.15 |
| 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) | 4,11,200 | 8,45,32,800 | 205.58 |
| 1(a) | foreign institutional investors (fiis) | - | 3,01,64,800 | - |
| 1(b) | domestic financial institutions (banks/ financial institutions(fis)/ insurance companies) | - | 48,84,800 | - |
| 1(c) | mutual funds | - | 2,44,800 | - |
| 1(d) | others | - | 4,92,38,400 | - |
| 2 | non institutional investors | 5,28,000 | 21,25,05,600 | 402.47 |
| 2.1 | non-institutional investors (bid amount of more than ten lakh rupees) | 2,08,000 | 14,62,24,000 | 703.00 |
| 2.1(a) | corporates | - | 26,28,800 | - |
| 2.1(b) | individuals | - | 14,14,56,000 | - |
| 2.1(c) | others | - | 21,39,200 | - |
| 2.2 | non-institutional investors (bid amount upto ten lakh rupees) | 1,05,600 | 6,62,81,600 | 627.67 |
| 2.2(a) | corporates | - | 5,93,600 | - |
| 2.2(b) | individuals (ind category bidding for more than 2 lots ) | - | 6,53,16,800 | - |
| 2.2(c) | others | - | 3,71,200 | - |
| 3 | individual investors (ind category bidding for 2 lots) | 7,28,000 | 62,64,67,200 | 860.53 |
| 3(a) | price bids | - | 62,64,67,200 | - |
| 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 | 16,67,200 | 92,35,05,600 | 553.93 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
10/12/2025
|
82.00 | Rs. 99 no-change | 635.53x | 120400 | 181 (120.73) | Rs. 158400 | 10/12/2025, 11:37:00 pm |
|
09/12/2025
Allotment |
82.00 | Rs. 99 down | 635.53x | 120400 | 181 (120.73) | Rs. 158400 | 9/12/2025, 8:54:00 pm |
|
08/12/2025
Close |
82.00 | Rs. 104 up | 635.53x | 126500 | 186 (126.83) | Rs. 166400 | 8/12/2025, 4:58:00 pm |
|
07/12/2025
|
82.00 | Rs. 90 no-change | 85.9x | 109400 | 172 (109.76) | Rs. 144000 | 7/12/2025, 11:30:00 pm |
|
06/12/2025
|
82.00 | Rs. 90 no-change | 85.9x | 109400 | 172 (109.76) | Rs. 144000 | 6/12/2025, 11:30:00 pm |
|
05/12/2025
|
82.00 | Rs. 90 up | 85.9x | 109400 | 172 (109.76) | Rs. 144000 | 5/12/2025, 11:37:00 pm |
|
04/12/2025
Open |
82.00 | Rs. 80 up | 14.56x | 97300 | 162 (97.56) | Rs. 128000 | 4/12/2025, 11:37:00 pm |
|
03/12/2025
|
82.00 | Rs. 20 no-change | 24300 | 102 (24.39) | Rs. 32000 | 3/12/2025, 11:34:00 pm | |
|
02/12/2025
|
82.00 | Rs. 20 up | 24300 | 102 (24.39) | Rs. 32000 | 2/12/2025, 11:29:00 pm | |
|
01/12/2025
|
82.00 | Rs. 15 down | 18200 | 97 (18.29) | Rs. 24000 | 1/12/2025, 11:28:00 pm | |
|
30/11/2025
|
82.00 | Rs. 21 up | 25500 | 103 (25.61) | Rs. 33600 | 30/11/2025, 11:30:00 pm | |
|
29/11/2025
|
82.00 | Rs. 0 no-change | -- | 82 (0) | Rs. 0 | 29/11/2025, 11:29:00 pm | |
|
28/11/2025
|
82.00 | Rs. 0 no-change | -- | 82 (0) | Rs. 0 | 28/11/2025, 11:35:00 pm |