The IPO's journey
Anchor16 Jan
Opens17 Jan
Closes21 Jan
Allotment22 Jan
In demat23 Jan
Listing24 Jan
Lock-in 50%20 Feb
Lock-in rest21 Apr
Subscription
Shares offered and bid, by group
| Investor category | Shares bid for |
|---|
| Institutions (QIB) | 26,000 |
| HNI / NII | 1,35,65,000 |
| Retail | 5,39,32,000 |
| Total | 6,75,23,000 |
NSE does not publish the shares offered to each category for this issue, so times subscribed cannot be shown. NSE and BSE bids together, as of 20 Jan 2025 17:00.
Who the issue was for
Bids by price
Top price ₹124 49.78%Cut-off 50.07%Lower prices 0.1%
Applications from individual investors
3,41,219 applications in the individual investors' category.
NSE does not publish the shares set aside for this category for SME issues, so the chance of allotment cannot be worked out exactly. Winners are picked by lottery.
Lot size by investor type
| Application | Lots | Shares | Amount |
|---|
| Individual investor (minimum) | 1 | 1,000 | ₹1,24,000 |
| HNI (minimum) | 2 | 2,000 | ₹2,48,000 |
At ₹124 a share. In SME IPOs individuals must bid for at least 1 lots.
Anchor investors
| Anchor bid date | 16 Jan 2025 |
| Lock-in ends for the first 50% (30 days) | 20 Feb 2025 |
| Lock-in ends for the remaining 50% (90 days) | 21 Apr 2025 |
Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.
Financials and valuation
Financial results appear here once the company files them with NSE, usually within a few weeks of listing. Until then, the red herring prospectus has the company's past financials.