IPO Details, Price, Market Lot

IPO Details
IPO Open Date 13 September 2024
IPO Close Date 18 September 2024
IPO Issue Size 53,70,000 Shares (Aggregating up to ₹19.87 Cr)
Fresh Issue 53,70,000 Shares (Aggregating up to ₹19.87 Cr)
Offer for Sale NIL
Retail Portion 50%
NII Portion 50%
Listing At BSE SME
IPO Price
Face Value ₹10 Per Share
IPO Price Band ₹37 Per Share
Employee Discount
IPO Issue Type Fixed Price Issue
IPO Market Lot For Retail Investor
No. of Shares Per Lot 3,000 Shares
Minimum Lot Size 1 Lot (3,000 Shares)
Minimum Amount (Cut-off price) ₹1,11,000
Maximum Lot Size  1 Lot (3,000 Shares)
Maximum Amount (Cut-off price) ₹1,11,000
IPO Market Lot For HNI
No. of Shares Per Lot 3000 Shares
Minimum Lot Size 2 Lots (6,000 Shares)
Minimum Amount (Cut-off price) ₹2,22,000

IPO Date, Listing Date, Allotment Date

Time Table (Tentative)
IPO Open Date 13 September 2024
IPO Close Date 18 September 2024
Basis of Allotment Date 19 September 2024
Initiation of Refunds 20 September 2024
Credit of Share to Demat Account 20 September 2024
IPO Listing Date 23 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 6,354.87 5,191 347.76 2,313.11 1,578.4
31 March 2023 4,864.70 4,866.89 119.61 1,483.69 1,753.99
31 March 2022 4,929.49 2,630.17 48.08 1,384.08 1,835.37
Period Ended 31 March 2024 31 March 2023 31 March 2022
Assets 6,354.87  4,864.70 4,929.49
Revenue 5,191 4,866.89 2,630.17
P A T 347.76 119.61 48.08
Net Worth 2,313.11 1,483.69 1,384.08
Borrowings 1,578.40 1,753.99 1,835.37
Amount in ₹ Lakh

Company Promotor & Promotor’s Holding

Pre Issue Promotor Holding 83.36%
Post Issue Promotor Holding 61.39%

Company Address

IPO Registrar, Lead Manager, Prospectus

IPO Prospectus
IPO Registrar
Bigshare Services Pvt Ltd
IPO Lead Manager
Srujan Alpha Capital Advisors LLP

Objective of the Issue