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Objective of the Issue
- Funding the working capital requirements.
- Pursuing inorganic growth initiatives.
- General corporate purposes.
IPO Details, Price, Market Lot
| IPO Details | |
| IPO Open Date | 20 September 2024 |
| IPO Close Date | 24 September 2024 |
| IPO Issue Size | 56,30,000 Shares (Aggregating up to ₹36.03 Cr) |
| Fresh Issue | 45,80,000 Shares (Aggregating up to ₹29.31 Cr) |
| Offer for Sale | 10,50,000 Shares of ₹10 (Aggregating up to ₹6.72 Cr) |
| Retail Portion | |
| NII Portion | |
| QIB Portion | |
| Listing At | |
| IPO Price | |
| Face Value | ₹10 Per Share |
| IPO Price Band | ₹61 to ₹64 Per Share |
| Employee Discount | — |
| IPO Issue Type | Book Built Issue |
| IPO Market Lot For Retail Investor | |
| No. of Shares Per Lot | 2,000 Shares |
| Minimum Lot Size | 1 Lot (2,000 Shares) |
| Minimum Amount (Cut-off price) | ₹1,28,000 |
| Maximum Lot Size | 1 Lot (2,000 Shares) |
| Maximum Amount (Cut-off price) | ₹1,28,000 |
| IPO Market Lot For HNI | |
| No. of Shares Per Lot | 2,000 Shares |
| Minimum Lot Size | 2 Lots (4,000 Shares) |
| Minimum Amount (Cut-off price) | ₹2,56,000 |
IPO Date, Listing Date, Allotment Date
| Time Table (Tentative) | |
| IPO Open Date | 20 September 2024 |
| IPO Close Date | 24 September 2024 |
| Basis of Allotment Date | 25 September 2024 |
| Initiation of Refunds | 26 September 2024 |
| Credit of Share to Demat Account | 26 September 2024 |
| IPO Listing Date | 27 September 2024 |
Financial Report
| Period Ended | Assets (₹ in Lakh) | Revenue (₹ in Lakh) | P A T (₹ in Lakh) | Net Worth (₹ in Lakh) | Borrowings (₹ in Lakh) |
| 31 March 2024 | 13,162.58 | 54,915.10 | 549.93 | 5,012.26 | 2,937.11 |
| 31 March 2023 | 14,686.47 | 45,131.61 | 375.48 | 4,570.52 | 3,447.24 |
| 31 March 2022 | 9,480.59 | 37,828.19 | 391.36 | 4,246.59 | 2,981.26 |
| Period Ended | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Assets | 13,162.58 | 14,686.47 | 9,480.59 |
| Revenue | 54,915.10 | 45,131.61 | 37,828.19 |
| P A T | 549.93 | 375.48 | 391.36 |
| Net Worth | 5,012.26 | 4,570.52 | 4,246.59 |
| Borrowings | 2,937.11 | 3,447.24 | 2,981.26 |
| Amount in ₹ Lakh | |||
Company Promotor & Promotor’s Holding
| Pre Issue Promotor Holding | 99.16% |
| Post Issue Promotor Holding |
Company Address
IPO Registrar, Lead Manager, Prospectus
| IPO Prospectus |
| IPO Registrar |
| Cameo Corporate Services Limited |
| IPO Lead Manager |
| Khandwala Securities Limited |