| IPO Date | 13 to 16 Jan, 2026 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | - |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding (Pre-Issue) | 1,05,20,000 shares |
| Share Holding (Post-Issue) | 1,42,88,000 shares |
| Total Issue Size | 37,68,000 shares (agg. up to ₹40 Cr) |
| Reserved for Market Maker | 1,92,000 shares (agg. up to ₹2 Cr)Share India Securities Ltd. |
| Net Offered to Public | 35,76,000 shares (agg. up to ₹38 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 | 2400 | ₹2,52,000 |
| Individual investors (Retail) (Max) | 2 | 2400 | ₹2,52,000 |
| S-HNI (Min) | 3 | 3600 | ₹3,78,000 |
| S-HNI (Max) | 7 | 8400 | ₹8,82,000 |
| B-HNI (Min) | 8 | 9600 | ₹10,08,000 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 1,92,000 (5.10%) | - |
| QIB Shares Offered | 17,76,000 (47.13%) | - |
| − Anchor Investor Shares Offered | 10,62,000 (28.18%) | - |
| − QIB (Ex. Anchor) Shares Offered | 7,14,000 (18.95%) | - |
| NII (HNI) Shares Offered | 5,40,000 (14.33%) | - |
| − bNII > ₹10L | 1,80,000 (4.78%) | - |
| − sNII < ₹10L | 1,80,000 (4.78%) | - |
| Retail Shares Offered | 12,60,000 (33.44%) | - |
| Total Shares Offered | 37,68,000 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 29/09/2025 | 43.98 | 4 | 35.22 | 42.77 |
| 30/03/2025 | 84.37 | 7.03 | 31.23 | 45.46 |
| 30/03/2024 | 92.15 | 9.91 | 21.03 | 49.12 |
| 30/03/2023 | 53.11 | 0.89 | 11.14 | 51.65 |
| KPI | Values |
|---|---|
| ROE | - |
| ROCE | - |
| Debt/Equity | - |
| RoNW | - |
| PAT Margin | - |
| EBITDA Margin | - |
| Price to Book Value | - |
| type | pre_ipo | post_ipo |
|---|---|---|
| EPS Rs | 6.68 | 5.60 |
| P/E (x) | 15.72 | 18.75 |
| Promoter Holding | 95.06% | 69.99% |
| Market Cap | ₹150.02 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) | 7,14,000 | 50,28,000 | 7.04 |
| 1(a) | foreign institutional investors (fiis) | - | - | - |
| 1(b) | domestic financial institutions (banks/ financial institutions(fis)/ insurance companies) | - | - | - |
| 1(c) | mutual funds | - | - | - |
| 1(d) | others | - | 50,28,000 | - |
| 2 | non institutional investors | 7,32,000 | 8,62,800 | 1.18 |
| 2.1 | non-institutional investors (bid amount of more than ten lakh rupees) | 3,60,000 | 6,28,800 | 1.75 |
| 2.1(a) | corporates | - | 1,92,000 | - |
| 2.1(b) | individuals | - | 2,90,400 | - |
| 2.1(c) | others | - | 1,46,400 | - |
| 2.2 | non-institutional investors (bid amount upto ten lakh rupees) | 1,80,000 | 2,34,000 | 1.30 |
| 2.2(a) | corporates | - | 3,600 | - |
| 2.2(b) | individuals (ind category bidding for more than 2 lots ) | - | 2,30,400 | - |
| 2.2(c) | others | - | - | - |
| 3 | individual investors (ind category bidding for 2 lots) | 12,60,000 | 11,25,600 | 0.89 |
| 3(a) | price bids | - | 11,25,600 | - |
| 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 | 27,06,000 | 70,16,400 | 2.59 |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
13/01/2026
Open |
105.00 | Rs. 7 up | 2.26x | 6400 | 112 (6.67) | Rs. 8400 | 13/1/2026, 5:35:00 pm |
|
12/01/2026
|
105.00 | Rs. 6 down | 5500 | 111 (5.71) | Rs. 7200 | 12/1/2026, 11:33:00 pm | |
|
11/01/2026
|
105.00 | Rs. 9 no-change | 8200 | 114 (8.57) | Rs. 10800 | 11/1/2026, 11:32:00 pm | |
|
10/01/2026
|
105.00 | Rs. 9 no-change | 8200 | 114 (8.57) | Rs. 10800 | 10/1/2026, 11:29:00 pm | |
|
09/01/2026
|
105.00 | Rs. 9 no-change | 8200 | 114 (8.57) | Rs. 10800 | 9/1/2026, 11:30:00 pm | |
|
08/01/2026
|
105.00 | Rs. 9 no-change | 8200 | 114 (8.57) | Rs. 10800 | 8/1/2026, 11:30:00 pm | |
|
07/01/2026
|
105.00 | Rs. 9 no-change | 8200 | 114 (8.57) | Rs. 10800 | 7/1/2026, 11:31:00 pm | |
|
06/01/2026
|
105.00 | Rs. 9 no-change | 8200 | 114 (8.57) | Rs. 10800 | 6/1/2026, 11:32:00 pm | |
|
05/01/2026
|
105.00 | Rs. 9 no-change | 8200 | 114 (8.57) | Rs. 10800 | 5/1/2026, 11:32:00 pm |