IPO Timeline
Open Date29-Jan-24
Close Date31-Jan-24
Allotment1-Feb-24
Refund Initiation2-Feb-24
Demat Credit2-Feb-24
UPI Mandate Deadline31-Jan-24
Listing Date5-Feb-24
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 854,400 (47%) | — | ₹923 Cr |
| Retail | — | 855,600 (48%) | — | ₹924 Cr |
| Market Maker | — | 90,000 (5%) | — | ₹10 Cr |
| Σ Total | — | 1,800,000 (100%) | — | ₹19,440 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Issue Price / Price Band₹108
Face Value₹10
Lot Size1,200 shares
Issue Size1,800,000 shares (aggregating up to ₹19 Cr)
Issue TypeFixed Price IPO
Listing ExchangeBSE SME
Sale TypeFresh Capital
Script Code—
Net Offer to Public1,710,000 shares (aggregating up to ₹18 Cr)
Amount In₹ Lakhs
Stock Price History · BSE
—
H—
L—
O—
Yahoo Finance · Live
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹129,600 |
| Retail (Max) | 13 | 15,600 | ₹1,684,800 |
| S-HNI (Min) | 14 | 16,800 | ₹1,814,400 |
| B-HNI (Min) | 67 | 80,400 | ₹8,683,200 |
Retail1 lot(s)1,200 shares₹129,600
S-HNI2 lot(s)2,400 shares₹259,200
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Jul 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 7,527 | 30,958 | 32,300 |
| Profit After Tax | 57 | 131 | 80 |
| Net Worth | 533 | 476 | 345 |
| Total Assets | 5,122 | 4,894 | 4,164 |
| Reserves & Surplus | 173 | 456 | 325 |
| Total Borrowing | 3,788 | 3,961 | 3,164 |
Valuation & Key Ratios
ROE32%
ROCE11%
RONW28%
PAT Margin—
EBITDA Margin—
Debt/Equity9
P/BV0
Pre EPS₹4
Post EPS₹3
Pre P/E30
Post P/E34
Grey Market Premium (GMP)
—
Current GMP
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding Capital Expenditure towards the purchase of additional plant and machinery –
- To meet the Working Capital Requirements –
- To meet the Issue Expenses –
- General Corporate Purposes –
Company Information
AddressR. S. No. 162, Rajkot Jamnagar Highway Near Khandheri Stadium, Vill. Naranka, Tal. Paddha Rajkot, Gujarat, 360110, Rajkot, Gujarat
Phone+91 90333 33123