| IPO Date | 7 to 9 Jan, 2026 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | - |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding (Pre-Issue) | 1,57,62,873 shares |
| Share Holding (Post-Issue) | 2,26,82,873 shares |
| Total Issue Size | 69,20,000 shares (agg. up to ₹120 Cr) |
| Reserved for Market Maker | 3,46,400 shares (agg. up to ₹6 Cr)Giriraj Stock Broking Pvt.Ltd. |
| Net Offered to Public | 65,73,600 shares (agg. up to ₹114 Cr) |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Wednesday, 7 January 2026
IPO subscription opens for investorsDate: Friday, 9 January 2026
Last date for IPO subscriptionDate: Monday, 12 January 2026
Expected date for share allotmentDate: Tuesday, 13 January 2026
Refunds initiated for unsuccessful applicationsDate: Tuesday, 13 January 2026
Shares credited to demat accountsDate: Wednesday, 14 January 2026
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: -
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1600 | ₹2,78,400 |
| Individual investors (Retail) (Max) | 2 | 1600 | ₹2,78,400 |
| S-HNI (Min) | 3 | 2400 | ₹4,17,600 |
| S-HNI (Max) | 7 | 5600 | ₹9,74,400 |
| B-HNI (Min) | 8 | 6400 | ₹11,13,600 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 3,46,400 (5.01%) | - |
| QIB Shares Offered | 64,000 (0.92%) | - |
| NII (HNI) Shares Offered | 19,51,200 (28.20%) | - |
| − bNII > ₹10L | 13,00,800 (18.80%) | - |
| − sNII < ₹10L | 6,50,400 (9.40%) | - |
| Retail Shares Offered | 45,58,400 (65.87%) | - |
| Total Shares Offered | 69,20,000 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/11/2025 | 69.99 | 7.12 | 49.44 | 161.74 |
| 30/03/2025 | 141.99 | 11.68 | 42.32 | 140.73 |
| 30/03/2024 | 84.85 | 4.27 | 30.67 | 77.76 |
| 30/03/2023 | 61.84 | 3.55 | 26.41 | 82.84 |
| KPI | Values |
|---|---|
| ROE | - |
| ROCE | - |
| Debt/Equity | - |
| RoNW | - |
| PAT Margin | - |
| EBITDA Margin | - |
| Price to Book Value | - |
| type | pre_ipo | post_ipo |
|---|---|---|
| EPS Rs | 7.41 | 4.71 |
| P/E (x) | 23.49 | 36.96 |
| Promoter Holding | 100.00% | 69.49% |
| Market Cap | ₹394.68 Cr. |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
13/01/2026
|
174.00 | Rs. 0 no-change | 1.33x | -- | 174 (0) | Rs. 0 | 13/1/2026, 4:36:00 pm |
|
12/01/2026
Allotment |
174.00 | Rs. 0 no-change | 1.33x | -- | 174 (0) | Rs. 0 | 12/1/2026, 11:33:00 pm |
|
11/01/2026
|
174.00 | Rs. 0 no-change | 1.33x | -- | 174 (0) | Rs. 0 | 11/1/2026, 11:30:00 pm |
|
10/01/2026
|
174.00 | Rs. 0 no-change | 1.33x | -- | 174 (0) | Rs. 0 | 10/1/2026, 11:29:00 pm |
|
09/01/2026
Close |
174.00 | Rs. 0 no-change | 1.33x | -- | 174 (0) | Rs. 0 | 9/1/2026, 11:28:00 pm |
|
08/01/2026
|
174.00 | Rs. 0 down | 1.18x | -- | 174 (0) | Rs. 0 | 8/1/2026, 11:35:00 pm |
|
07/01/2026
Open |
174.00 | Rs. 10 down | 0.92x | 6100 | 184 (5.75) | Rs. 8000 | 7/1/2026, 11:28:00 pm |
|
06/01/2026
|
174.00 | Rs. 60 up | 36500 | 234 (34.48) | Rs. 48000 | 6/1/2026, 11:31:00 pm | |
|
05/01/2026
|
174.00 | Rs. 0 no-change | -- | 174 (0) | Rs. 0 | 5/1/2026, 11:31:00 pm | |
|
04/01/2026
|
174.00 | Rs. 0 no-change | -- | 174 (0) | Rs. 0 | 4/1/2026, 11:32:00 pm | |
|
03/01/2026
|
174.00 | Rs. 0 no-change | -- | 174 (0) | Rs. 0 | 3/1/2026, 11:29:00 pm | |
|
02/01/2026
|
174.00 | Rs. 0 no-change | -- | 174 (0) | Rs. 0 | 2/1/2026, 11:30:00 pm | |
|
01/01/2026
|
174.00 | Rs. 0 no-change | -- | (NaN) | Rs. | 1/1/2026, 8:50:00 am |