| IPO Date | 12 to 14 Jan, 2026 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | - |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital & OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding (Pre-Issue) | 1,74,69,408 shares |
| Share Holding (Post-Issue) | 2,26,45,408 shares |
| Total Issue Size | 59,70,000 shares (agg. up to ₹35 Cr) |
| Reserved for Market Maker | 3,00,000 shares (agg. up to ₹2 Cr)Asnani Stock Broker Pvt.Ltd. |
| Net Offered to Public | 56,70,000 shares (agg. up to ₹33 Cr) |
| Offer for Sale | 7,94,000 shares of ₹10 (agg. up to ₹5 Cr) |
| Fresh Issue (ex Market Maker) | 48,76,000 shares (agg. up to ₹29 Cr) |
Date: Monday, 12 January 2026
IPO subscription opens for investorsDate: Wednesday, 14 January 2026
Last date for IPO subscriptionDate: Thursday, 15 January 2026
Expected date for share allotmentDate: Friday, 16 January 2026
Refunds initiated for unsuccessful applicationsDate: Friday, 16 January 2026
Shares credited to demat accountsDate: Monday, 19 January 2026
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: -
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4000 | ₹2,36,000 |
| Individual investors (Retail) (Max) | 2 | 4000 | ₹2,36,000 |
| S-HNI (Min) | 3 | 6000 | ₹3,54,000 |
| S-HNI (Max) | 8 | 16000 | ₹9,44,000 |
| B-HNI (Min) | 9 | 18000 | ₹10,62,000 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 3,00,000 (5.03%) | - |
| QIB Shares Offered | 28,18,000 (47.20%) | - |
| − Anchor Investor Shares Offered | 16,90,000 (28.31%) | - |
| − QIB (Ex. Anchor) Shares Offered | 11,28,000 (18.89%) | - |
| NII (HNI) Shares Offered | 8,64,000 (14.47%) | - |
| − bNII > ₹10L | 5,76,000 (9.65%) | - |
| − sNII < ₹10L | 2,88,000 (4.82%) | - |
| Retail Shares Offered | 19,88,000 (33.30%) | - |
| Total Shares Offered | 59,70,000 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/09/2025 | 36.28 | 5.61 | 27.41 | 53.91 |
| 30/03/2025 | 62.93 | 8.31 | 21.8 | 49.42 |
| 30/03/2024 | 53.26 | 4.02 | 13.49 | 38.07 |
| 30/03/2023 | 28.59 | 0.92 | 9.46 | 28.52 |
| KPI | Values |
|---|---|
| ROE | - |
| ROCE | - |
| Debt/Equity | - |
| RoNW | - |
| PAT Margin | - |
| EBITDA Margin | - |
| Price to Book Value | - |
| type | pre_ipo | post_ipo |
|---|---|---|
| EPS Rs | 4.76 | 3.67 |
| P/E (x) | 12.4 | 16.07 |
| Promoter Holding | 100% | 73.64% |
| Market Cap | ₹133.61 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) | - | 6,20,06,000 | - |
| 1(a) | Foreign Institutional Investors(FIIs) | - | 1,53,78,000 | - |
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | - | 1,72,000 | - |
| 1(c) | Mutual funds | - | 1,28,000 | - |
| 1(d) | Others | - | 4,63,28,000 | - |
| 2 | Non Institutional Investors | - | 18,95,32,000 | - |
| 2.1 | Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | - | 14,89,54,000 | - |
| 2.1(a) | Corporates | - | 23,84,000 | - |
| 2.1(b) | Individuals(IND category bidding for more than 2 Lots) | - | 14,48,56,000 | - |
| 2.1(c) | Others | - | 17,14,000 | - |
| 2.2 | Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | - | 4,05,78,000 | - |
| 2.2(a) | Corporates | - | 5,84,000 | - |
| 2.2(b) | Individuals(IND category bidding for more than 2 Lots) | - | 3,91,82,000 | - |
| 2.2(c) | Others | - | 8,12,000 | - |
| 3 | Individual Investors (IND category bidding for 2 Lots) | - | 27,33,92,000 | - |
| - | Total | - | 52,49,30,000 | - |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
13/01/2026
|
59.00 | Rs. 16.1 up | 20.2x | 24500 | 75.1 (27.29) | Rs. 32200.000000000004 | 13/1/2026, 4:36:00 pm |
|
12/01/2026
Open |
59.00 | Rs. 16 up | 2.58x | 24300 | 75 (27.12) | Rs. 32000 | 12/1/2026, 11:30:00 pm |
|
11/01/2026
|
59.00 | Rs. 14 no-change | 21300 | 73 (23.73) | Rs. 28000 | 11/1/2026, 11:29:00 pm | |
|
10/01/2026
|
59.00 | Rs. 14 up | 21300 | 73 (23.73) | Rs. 28000 | 10/1/2026, 11:36:00 pm | |
|
09/01/2026
|
59.00 | Rs. 8 no-change | 12200 | 67 (13.56) | Rs. 16000 | 9/1/2026, 11:34:00 pm | |
|
08/01/2026
|
59.00 | Rs. 8 up | 12200 | 67 (13.56) | Rs. 16000 | 8/1/2026, 11:30:00 pm | |
|
07/01/2026
|
59.00 | Rs. 4.5 up | 6800 | 63.5 (7.63) | Rs. 9000 | 7/1/2026, 11:28:00 pm | |
|
06/01/2026
|
59.00 | Rs. 0 no-change | -- | 59 (0) | Rs. 0 | 6/1/2026, 11:35:00 pm | |
|
05/01/2026
|
59.00 | Rs. 0 no-change | -- | 59 (0) | Rs. 0 | 5/1/2026, 11:34:00 pm | |
|
04/01/2026
|
Rs. 0 no-change | -- | (NaN) | Rs. | 4/1/2026, 12:50:00 pm |