| IPO Date | 16 to 20 Jan, 2026 |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | - |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital & OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding (Pre-Issue) | 1,26,90,080 shares |
| Share Holding (Post-Issue) | 1,96,88,680 shares |
| Total Issue Size | 79,83,000 shares (agg. up to ₹38 Cr) |
| Reserved for Market Maker | 4,02,000 shares (agg. up to ₹2 Cr)Giriraj Stock Broking Pvt.Ltd. |
| Net Offered to Public | 75,81,000 shares (agg. up to ₹36 Cr) |
| Offer for Sale | 9,84,400 shares of ₹10 (agg. up to ₹5 Cr) |
| Fresh Issue (ex Market Maker) | 65,96,600 shares (agg. up to ₹31 Cr) |
Date: Friday, 16 January 2026
IPO subscription opens for investorsDate: Tuesday, 20 January 2026
Last date for IPO subscriptionDate: Wednesday, 21 January 2026
Expected date for share allotmentDate: Thursday, 22 January 2026
Refunds initiated for unsuccessful applicationsDate: Thursday, 22 January 2026
Shares credited to demat accountsDate: Friday, 23 January 2026
Expected listing date on stock exchangeUPI Mandate Confirmation Cut-off: -
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 6000 | ₹2,82,000 |
| Individual investors (Retail) (Max) | 2 | 6000 | ₹2,82,000 |
| S-HNI (Min) | 3 | 9000 | ₹4,23,000 |
| S-HNI (Max) | 7 | 21000 | ₹9,87,000 |
| B-HNI (Min) | 8 | 24000 | ₹11,28,000 |
| Category | Shares Offered | Max Allottees |
|---|---|---|
| Market Maker Shares Offered | 4,02,000 (5.04%) | - |
| QIB Shares Offered | 78,000 (0.98%) | - |
| NII (HNI) Shares Offered | 29,91,000 (37.47%) | - |
| − bNII > ₹10L | 19,95,000 (24.99%) | - |
| − sNII < ₹10L | 9,96,000 (12.48%) | - |
| Retail Shares Offered | 45,12,000 (56.52%) | - |
| Total Shares Offered | 79,83,000 (100.00%) | - |
| Period | Revenue | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|
| 30/08/2025 | 40.58 | 2.42 | 22.77 | 98.25 |
| 30/03/2025 | 98.02 | 4.13 | 20.27 | 95.26 |
| 30/03/2024 | 69.25 | 1.67 | 5.99 | 76.12 |
| 30/03/2023 | 51.42 | 0.99 | 4.32 | 57.95 |
| KPI | Values |
|---|---|
| ROE | - |
| ROCE | - |
| Debt/Equity | - |
| RoNW | - |
| PAT Margin | - |
| EBITDA Margin | - |
| Price to Book Value | - |
| type | pre_ipo | post_ipo |
|---|---|---|
| EPS Rs | 3.26 | 2.95 |
| P/E (x) | 14.43 | 15.93 |
| Promoter Holding | 47.22% | 27.99% |
| Market Cap | ₹92.54 Cr. |
| gmp date | ipo price | gmp | Subscription | sub2 sauda rate | estimated listing price | estimated profit | last updated |
|---|---|---|---|---|---|---|---|
|
15/01/2026
|
47.00 | Rs. 0 no-change | - | -- | 47 (0) | Rs. 0 | 15/1/2026, 10:31:00 am |
|
14/01/2026
|
47.00 | Rs. 0 no-change | - | -- | 47 (0) | Rs. 0 | 14/1/2026, 11:29:00 pm |
|
13/01/2026
|
47.00 | Rs. 0 no-change | - | -- | 47 (0) | Rs. 0 | 13/1/2026, 11:36:00 pm |