| IPO Date | 9 to 13 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) | 51,63,620 shares |
| Share Holding (Post-Issue) | 70,24,420 shares |
| Total Issue Size | 18,60,800 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 94,400 shares (agg. up to ₹0.6986 Cr)Nikunj Stock Brokers Ltd. |
| Net Offered to Public | 17,66,400 shares (agg. up to ₹13 Cr) |
| Offer for Sale | - |
| Fresh Issue (ex Market Maker) | - |
Date: Friday, 9 January 2026
IPO subscription opens for investorsDate: Tuesday, 13 January 2026
Last date for IPO subscriptionDate: Wednesday, 14 January 2026
Expected date for share allotmentDate: Thursday, 15 January 2026
Refunds initiated for unsuccessful applicationsDate: Thursday, 15 January 2026
Shares credited to demat accountsDate: Friday, 16 January 2026
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: -
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3200 | ₹2,36,800 |
| Individual investors (Retail) (Max) | 2 | 3200 | ₹2,36,800 |
| S-HNI (Min) | 3 | 4800 | ₹3,55,200 |
| S-HNI (Max) | 8 | 12800 | ₹9,47,200 |
| B-HNI (Min) | 9 | 14400 | ₹10,65,600 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 94,400 (5.07%) | - |
| QIB Shares Offered | 8,73,600 (46.95%) | - |
| − Anchor Investor Shares Offered | 5,18,400 (27.86%) | - |
| − QIB (Ex. Anchor) Shares Offered | 3,55,200 (19.09%) | - |
| NII (HNI) Shares Offered | 2,68,800 (14.45%) | - |
| − bNII > ₹10L | 1,77,600 (9.54%) | - |
| − sNII < ₹10L | 91,200 (4.90%) | - |
| Retail Shares Offered | 6,24,000 (33.53%) | - |
| Total Shares Offered | 18,60,800 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/09/2025 | 39.08 | 1.51 | 10.62 | 37.22 |
| 30/03/2025 | 62.22 | 3.42 | 9.12 | 33.91 |
| 30/03/2024 | 0.72 | 0.11 | 0.16 | 1.22 |
| KPI | Values |
|---|---|
| ROE | - |
| ROCE | - |
| Debt/Equity | - |
| RoNW | - |
| PAT Margin | - |
| EBITDA Margin | - |
| Price to Book Value | - |
| type | pre_ipo | post_ipo |
|---|---|---|
| EPS Rs | 6.62 | 4.29 |
| P/E (x) | 11.18 | 17.25 |
| Promoter Holding | 100% | 73.52% |
| Market Cap | ₹51.98 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) | 3,55,200 | 2,52,49,600 | 71.09 |
| 1(a) | foreign institutional investors (fiis) | - | 70,96,000 | - |
| 1(b) | domestic financial institutions (banks/ financial institutions(fis)/ insurance companies) | - | 4,800 | - |
| 1(c) | mutual funds | - | - | - |
| 1(d) | others | - | 1,81,48,800 | - |
| 2 | non institutional investors | 3,63,200 | 4,33,58,400 | 119.38 |
| 2.1 | non-institutional investors (bid amount of more than ten lakh rupees) | 1,77,600 | 3,35,36,000 | 188.83 |
| 2.1(a) | corporates | - | 14,92,800 | - |
| 2.1(b) | individuals | - | 3,16,44,800 | - |
| 2.1(c) | others | - | 3,98,400 | - |
| 2.2 | non-institutional investors (bid amount upto ten lakh rupees) | 91,200 | 98,22,400 | 107.70 |
| 2.2(a) | corporates | - | 2,06,400 | - |
| 2.2(b) | individuals (ind category bidding for more than 2 lots ) | - | 95,08,800 | - |
| 2.2(c) | others | - | 1,07,200 | - |
| 3 | individual investors (ind category bidding for 2 lots) | 6,24,000 | 6,31,96,800 | 101.28 |
| 3(a) | price bids | - | 6,31,96,800 | - |
| 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 | 13,42,400 | 13,18,04,800 | 98.19 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
13/01/2026
Close |
74.00 | Rs. 8 no-change | 105.54x | 9700 | 82 (10.81) | Rs. 12800 | 13/1/2026, 4:54:00 pm |
|
12/01/2026
|
74.00 | Rs. 8 up | 11.64x | 9700 | 82 (10.81) | Rs. 12800 | 12/1/2026, 11:31:00 pm |
|
11/01/2026
|
74.00 | Rs. 6 no-change | 0.8x | 7300 | 80 (8.11) | Rs. 9600 | 11/1/2026, 11:28:00 pm |
|
10/01/2026
|
74.00 | Rs. 6 no-change | 0.8x | 7300 | 80 (8.11) | Rs. 9600 | 10/1/2026, 11:37:00 pm |
|
09/01/2026
Open |
74.00 | Rs. 6 no-change | 0.8x | 7300 | 80 (8.11) | Rs. 9600 | 9/1/2026, 11:28:00 pm |
|
08/01/2026
|
74.00 | Rs. 6 up | 7300 | 80 (8.11) | Rs. 9600 | 8/1/2026, 11:28:00 pm | |
|
07/01/2026
|
74.00 | Rs. 0 no-change | -- | 74 (0) | Rs. 0 | 7/1/2026, 11:34:00 pm | |
|
06/01/2026
|
74.00 | Rs. 0 no-change | -- | 74 (0) | Rs. 0 | 6/1/2026, 11:35:00 pm | |
|
05/01/2026
|
Rs. 0 no-change | -- | (0) | Rs. | 5/1/2026, 5:55:00 am | ||
|
04/01/2026
|
Rs. 0 no-change | -- | (NaN) | Rs. | 4/1/2026, 11:50:00 am |