| IPO Date | 13 to 16 Jan, 2026 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | - |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding (Pre-Issue) | 1,66,84,350 shares |
| Share Holding (Post-Issue) | 2,28,55,350 shares |
| Total Issue Size | 61,71,000 shares (agg. up to ₹92 Cr) |
| Reserved for Market Maker | 3,09,000 shares (agg. up to ₹5 Cr)Giriraj Stock Broking Pvt.Ltd. Nikunj Stock Brokers Ltd. |
| Net Offered to Public | 58,62,000 shares (agg. up to ₹87 Cr) |
| Offer for Sale | - |
| 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 |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2000 | ₹2,98,000 |
| Individual investors (Retail) (Max) | 2 | 2000 | ₹2,98,000 |
| S-HNI (Min) | 3 | 3000 | ₹4,47,000 |
| S-HNI (Max) | 6 | 6000 | ₹8,94,000 |
| B-HNI (Min) | 7 | 7000 | ₹10,43,000 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 3,09,000 (5.01%) | - |
| QIB Shares Offered | 29,28,000 (47.45%) | - |
| − Anchor Investor Shares Offered | 17,56,000 (28.46%) | - |
| − QIB (Ex. Anchor) Shares Offered | 11,72,000 (18.99%) | - |
| NII (HNI) Shares Offered | 8,82,000 (14.29%) | - |
| − bNII > ₹10L | 5,88,000 (9.53%) | - |
| − sNII < ₹10L | 2,94,000 (4.76%) | - |
| Retail Shares Offered | 20,52,000 (33.25%) | - |
| Total Shares Offered | 61,71,000 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/09/2025 | 112.62 | 11.46 | 47.14 | 147.67 |
| 30/03/2025 | 138.78 | 15.44 | 35.69 | 99.94 |
| 30/03/2024 | 28.06 | 3 | 5.79 | 36.32 |
| 30/03/2023 | 7.3 | 0.46 | 1.17 | 13.85 |
| KPI | Values |
|---|---|
| ROE | - |
| ROCE | - |
| Debt/Equity | - |
| RoNW | - |
| PAT Margin | - |
| EBITDA Margin | - |
| Price to Book Value | - |
| type | pre_ipo | post_ipo |
|---|---|---|
| EPS Rs | 9.25 | 10.02 |
| P/E (x) | 16.1 | 14.86 |
| Promoter Holding | 82.30% | 60.07% |
| Market Cap | ₹340.54 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) | 11,72,000 | - | 0.00 |
| 1(a) | foreign institutional investors (fiis) | - | - | - |
| 1(b) | domestic financial institutions (banks/ financial institutions(fis)/ insurance companies) | - | - | - |
| 1(c) | mutual funds | - | - | - |
| 1(d) | others | - | - | - |
| 2 | non institutional investors | 11,91,000 | 23,13,000 | 1.94 |
| 2.1 | non-institutional investors (bid amount of more than ten lakh rupees) | 5,88,000 | 17,33,000 | 2.95 |
| 2.1(a) | corporates | - | 3,23,000 | - |
| 2.1(b) | individuals | - | 13,82,000 | - |
| 2.1(c) | others | - | 28,000 | - |
| 2.2 | non-institutional investors (bid amount upto ten lakh rupees) | 2,94,000 | 5,80,000 | 1.97 |
| 2.2(a) | corporates | - | 31,000 | - |
| 2.2(b) | individuals (ind category bidding for more than 2 lots ) | - | 5,49,000 | - |
| 2.2(c) | others | - | - | - |
| 3 | individual investors (ind category bidding for 2 lots) | 20,52,000 | 68,06,000 | 3.32 |
| 3(a) | price bids | - | 68,06,000 | - |
| 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 | 44,15,000 | 91,19,000 | 2.07 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
13/01/2026
Open |
149.00 | Rs. 32 down | 0.99x | 24300 | 181 (21.48) | Rs. 32000 | 13/1/2026, 4:57:00 pm |
|
12/01/2026
|
149.00 | Rs. 36 up | 27400 | 185 (24.16) | Rs. 36000 | 12/1/2026, 11:36:00 pm | |
|
11/01/2026
|
149.00 | Rs. 35 no-change | 26600 | 184 (23.49) | Rs. 35000 | 11/1/2026, 11:37:00 pm | |
|
10/01/2026
|
149.00 | Rs. 35 up | 26600 | 184 (23.49) | Rs. 35000 | 10/1/2026, 11:31:00 pm | |
|
09/01/2026
|
149.00 | Rs. 31 up | 23600 | 180 (20.81) | Rs. 31000 | 9/1/2026, 11:28:00 pm | |
|
08/01/2026
|
149.00 | Rs. 25 no-change | 19000 | 174 (16.78) | Rs. 25000 | 8/1/2026, 11:33:00 pm | |
|
07/01/2026
|
149.00 | Rs. 25 no-change | 19000 | 174 (16.78) | Rs. 25000 | 7/1/2026, 11:32:00 pm |