| IPO Date | 13 to 16 Jan, 2026 |
|---|---|
| Face Value | ₹5 per share |
| Issue Price Band | - |
| Lot Size | 41 Shares |
| Sale Type | Fresh Capital & OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding (Pre-Issue) | 19,37,35,066 shares |
| Share Holding (Post-Issue) | 21,63,38,944 shares |
| Total Issue Size | 4,95,46,221 shares (agg. up to ₹1,789 Cr) |
| Reserved for Market Maker | - |
| Net Offered to Public | - |
| Offer for Sale | 2,69,42,343 shares of ₹5 (agg. up to ₹973 Cr) |
| Fresh Issue (ex Market Maker) | - |
Date: Tuesday, 13 January 2026
IPO subscription opens for investorsDate: Friday, 16 January 2026
Last date for IPO subscriptionDate: Monday, 19 January 2026
Expected date for share allotmentDate: Tuesday, 20 January 2026
Refunds initiated for unsuccessful applicationsDate: Tuesday, 20 January 2026
Shares credited to demat accountsDate: Wednesday, 21 January 2026
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: -
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 41 | ₹14,801 |
| Retail (Max) | 13 | 533 | ₹1,92,413 |
| S-HNI (Min) | 14 | 574 | ₹2,07,214 |
| S-HNI (Max) | 67 | 2747 | ₹9,91,667 |
| B-HNI (Min) | 68 | 2788 | ₹10,06,468 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 3,71,59,666 (75.00%) | - |
| − Anchor Investor Shares Offered | 2,22,95,799 (45.00%) | - |
| − QIB (Ex. Anchor) Shares Offered | 1,48,63,867 (30.00%) | - |
| NII (HNI) Shares Offered | 74,31,933 (15.00%) | - |
| − bNII > ₹10L | 49,54,622 (10.00%) | - |
| − sNII < ₹10L | 24,77,311 (5.00%) | - |
| Retail Shares Offered | 49,54,622 (10.00%) | - |
| Total Shares Offered | 4,95,46,221 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/09/2025 | 733.93 | 6.47 | 859.34 | 1352.16 |
| 30/03/2025 | 1223.31 | -68.71 | 509.45 | 1425 |
| 30/03/2024 | 942.24 | -245 | 496.8 | 1308.08 |
| 30/03/2023 | 724.72 | -321.27 | 644.49 | 1405.96 |
| KPI | Values |
|---|---|
| RoNW | - |
| PAT Margin | - |
| EBITDA Margin | - |
| Price to Book Value | - |
| type | pre_ipo | post_ipo |
|---|---|---|
| EPS Rs | -3.55 | 0.60 |
| P/E (x) | -101.78 | 603.54 |
| Promoter Holding | 15.76% | 14.14% |
| Market Cap | ₹7,809.84 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) | 1,45,83,482 | 4,22,833 | 0.03 |
| 1(a) | foreign institutional investors (fiis) | - | - | - |
| 1(b) | domestic financial institutions(banks/ financial institutions(fis)/ insurance companies) | - | - | - |
| 1(c) | mutual funds | - | 4,15,535 | - |
| 1(d) | others | - | 7,298 | - |
| 2 | non institutional investors(niis) | 76,09,864 | 6,03,889 | 0.08 |
| 2.1 | non institutional investors(bid amount of more than ten lakh rupees) | 50,73,243 | 2,84,253 | 0.06 |
| 2.1(a) | corporates | - | 9,676 | - |
| 2.1(b) | individuals (other than riis) | - | 2,74,577 | - |
| 2.1(c) | others | - | - | - |
| 2.2 | non institutional investors(bid amount of more than two lakh rupees and upto 10 lakh rupees) | 25,36,621 | 3,19,636 | 0.13 |
| 2.2(a) | corporates | - | 2,870 | - |
| 2.2(b) | individuals (other than riis) | - | 3,08,566 | - |
| 2.2(c) | others | - | 8,200 | - |
| 3 | retail individual investors (riis) | 50,73,243 | 24,84,313 | 0.49 |
| 3(a) | cut off | - | 21,23,021 | - |
| 3(b) | price bids | - | 3,61,292 | - |
| 4 | employee reserved | - | - | - |
| 4(a) | employee (cut off) | - | - | - |
| 4(b) | employee (price) | - | - | - |
| 5 | reservation portionshareholder | - | - | - |
| 5(a) | rps (cut off) | - | - | - |
| 5(b) | rps (price) | - | - | - |
| total | 2,72,66,589 | 35,11,035 | 0.13 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
13/01/2026
Open |
361.00 | Rs. 17 down | 0.06x | 500/7000 | 378 (4.71) | Rs. 697 | 13/1/2026, 4:30:00 pm |
|
12/01/2026
|
361.00 | Rs. 20 down | 600/8400 | 381 (5.54) | Rs. 820 | 12/1/2026, 11:34:00 pm | |
|
11/01/2026
|
361.00 | Rs. 37 no-change | 1200/16800 | 398 (10.25) | Rs. 1517 | 11/1/2026, 11:28:00 pm | |
|
10/01/2026
|
361.00 | Rs. 37 no-change | 1200/16800 | 398 (10.25) | Rs. 1517 | 10/1/2026, 11:31:00 pm | |
|
09/01/2026
|
361.00 | Rs. 37 down | 1200/16800 | 398 (10.25) | Rs. 1517 | 9/1/2026, 11:29:00 pm | |
|
08/01/2026
|
361.00 | Rs. 43 up | 1300/18200 | 404 (11.91) | Rs. 1763 | 8/1/2026, 11:29:00 pm | |
|
07/01/2026
|
Rs. 0 no-change | -- | (NaN) | Rs. | 7/1/2026, 5:30:00 pm |