| IPO Date | 6 to 8 Jan, 2026 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | - |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding (Pre-Issue) | 99,75,360 shares |
| Share Holding (Post-Issue) | 1,35,75,360 shares |
| Total Issue Size | 36,00,000 shares (agg. up to ₹29 Cr) |
| Reserved for Market Maker | 1,80,800 shares (agg. up to ₹1 Cr)Giriraj Stock Broking Pvt.Ltd. |
| Net Offered to Public | 34,19,200 shares (agg. up to ₹28 Cr) |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Tuesday, 6 January 2026
IPO subscription opens for investorsDate: Thursday, 8 January 2026
Last date for IPO subscriptionDate: Friday, 9 January 2026
Expected date for share allotmentDate: Monday, 12 January 2026
Refunds initiated for unsuccessful applicationsDate: Monday, 12 January 2026
Shares credited to demat accountsDate: Tuesday, 13 January 2026
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: -
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3200 | ₹2,59,200 |
| Individual investors (Retail) (Max) | 2 | 3200 | ₹2,59,200 |
| S-HNI (Min) | 3 | 4800 | ₹3,88,800 |
| S-HNI (Max) | 7 | 11200 | ₹9,07,200 |
| B-HNI (Min) | 8 | 12800 | ₹10,36,800 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 1,80,800 (5.02%) | - |
| QIB Shares Offered | 17,05,600 (47.38%) | - |
| − Anchor Investor Shares Offered | 10,22,400 (28.40%) | - |
| − QIB (Ex. Anchor) Shares Offered | 6,83,200 (18.98%) | - |
| NII (HNI) Shares Offered | 5,13,600 (14.27%) | - |
| − bNII > ₹10L | 3,42,400 (9.51%) | - |
| − sNII < ₹10L | 1,71,200 (4.76%) | - |
| Retail Shares Offered | 12,00,000 (33.33%) | - |
| Total Shares Offered | 36,00,000 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/11/2025 | 60.66 | 4.3 | 26.33 | 100.58 |
| 30/03/2025 | 101.17 | 6.63 | 22.03 | 87.52 |
| 30/03/2024 | 104.97 | 5.82 | 15.41 | 70.12 |
| 30/03/2023 | 78.88 | 3.41 | 9.65 | 51.77 |
| KPI | Values |
|---|---|
| ROCE | - |
| Debt/Equity | - |
| RoNW | - |
| PAT Margin | - |
| EBITDA Margin | - |
| Price to Book Value | - |
| type | pre_ipo | post_ipo |
|---|---|---|
| EPS Rs | 6.65 | 4.75 |
| P/E (x) | 12.18 | 17.04 |
| Promoter Holding | 100.00% | |
| Market Cap | ₹109.96 Cr. |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
13/01/2026
Listing |
81.00 | Rs. 31 no-change | 826x | 37700 | 112 (38.27) | Rs. 49600 | 13/1/2026, 9:32:00 am |
|
12/01/2026
|
81.00 | Rs. 31 down | 826x | 37700 | 112 (38.27) | Rs. 49600 | 12/1/2026, 11:33:00 pm |
|
11/01/2026
|
81.00 | Rs. 35 no-change | 826x | 42600 | 116 (43.21) | Rs. 56000 | 11/1/2026, 11:31:00 pm |
|
10/01/2026
|
81.00 | Rs. 35 up | 826x | 42600 | 116 (43.21) | Rs. 56000 | 10/1/2026, 11:31:00 pm |
|
09/01/2026
Allotment |
81.00 | Rs. 31 down | 826x | 37700 | 112 (38.27) | Rs. 49600 | 9/1/2026, 11:30:00 pm |
|
08/01/2026
Close |
81.00 | Rs. 32 up | 826x | 38900 | 113 (39.51) | Rs. 51200 | 8/1/2026, 11:32:00 pm |
|
07/01/2026
|
81.00 | Rs. 30 no-change | 209.45x | 36500 | 111 (37.04) | Rs. 48000 | 7/1/2026, 11:36:00 pm |
|
06/01/2026
Open |
81.00 | Rs. 30 no-change | 61.66x | 36500 | 111 (37.04) | Rs. 48000 | 6/1/2026, 11:35:00 pm |
|
05/01/2026
|
81.00 | Rs. 30 up | 36500 | 111 (37.04) | Rs. 48000 | 5/1/2026, 11:28:00 pm | |
|
04/01/2026
|
81.00 | Rs. 27 no-change | 32800 | 108 (33.33) | Rs. 43200 | 4/1/2026, 11:29:00 pm | |
|
03/01/2026
|
81.00 | Rs. 27 up | 32800 | 108 (33.33) | Rs. 43200 | 3/1/2026, 11:33:00 pm | |
|
02/01/2026
|
81.00 | Rs. 25 no-change | 30400 | 106 (30.86) | Rs. 40000 | 2/1/2026, 11:31:00 pm | |
|
01/01/2026
|
81.00 | Rs. 25 no-change | 30400 | 106 (30.86) | Rs. 40000 | 1/1/2026, 11:37:00 pm | |
|
31/12/2025
|
81.00 | Rs. 25 no-change | 30400 | 106 (30.86) | Rs. 40000 | 31/12/2025, 11:36:00 pm |